16794 Us Hwy 64Somerville, TN 38068

  • Retail properties
  • 1,120 SF
Off market
$891,480 Estimated

Property Details for 16794 Us Hwy 64

Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.09 AC
Property size (Sq ft)
1,120 SF
Zone code
B1
Property type
Retail properties
Property subtype
Retail space
APN
024090C F 03900
APU
024090CF03900

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $237,220
    6.5%
    $218,972
    7%
    $203,332
  • Comparable approach

    Method
    Valuation
    Relative Method
    $220,034
    Geo Method
    $220,034
  • Alternative Use

    Use
    Valuation
    Residential
    $184,711
    Hospitality
    $169,195
    Educational
    $140,768
    Medical
    $145,609
    Retail
    $218,972
16794 Us Hwy 64, Somerville, Tennessee

Location Insight

City
Somerville
County
Fayette
State
Tennessee
Latitude
35.2434
Longitude
-89.3494
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$7,360
$12,720
$20,080
-
$18,400
$31,800
$50,200

FAQs

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