3511 Chere Carol RdHumboldt, TN 38343

Property Details for 3511 Chere Carol Rd

Year built

1992

Lot size

1.20 AC

Property size (Sq ft)

3,248 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

170 02806

APU

17002806

Description

This single-story, 3,240 square foot medical office building is situated on a 1.2-acre lot in Humboldt, Tennessee. Built in 1992, the Class B property features a total of 3,200-3,400 square feet and is zoned for commercial use. Its prime location offers convenient access to Humboldt Medical Center and the new Baptist Hospital on Highway 45, as well as proximity to Ford's Blue Oval City. The property is ideal for continued use as a medical office, other office uses, or even retail space. The ample lot size presents opportunities for expansion or the addition of outdoor amenities. The asking price for this owner-user investment opportunity is $250,000. The property's address is 3511 Chere Carol Rd, Humboldt, TN 38343, and its APN is 170-028.06. This is a private ownership opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $742,424

  6.5%

  $685,314

  7%

  $636,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,214

  Geo Method

  $253,214

• Alternative Use

  Use

  Valuation

  Residential

  $849,790

  Hospitality

  $778,403

  Educational

  $647,622

  Medical

  $669,895

  Retail

  $1,007,412

Location Insight

City

Humboldt

County

Gibson

State

Tennessee

Latitude

35.8146

Longitude

-88.8964

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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