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    The Largest CRE Database in the US with Over 1 Million Listings

    113 W Elk/Charlie Robinson Dr Elizabethton, TN 37643

    Sponsored
    For Sale
    $799,900

    COMMERCIAL - Elizabethton, TN

    Property size:
    1,804 SF
    Lot size:
    1.01 Acres
    Days on Market:
    21
    Last Refresh:
    Feb 7 at 3:06 am

    Property Features for 113 W Elk/Charlie Robinson Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commerical
    APN
    040e A 004.00
    Size
    1,804 SF
    Lot size
    1.01 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1973
    Building materials
    Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Linda Whitehead
    Linda Whitehead

    RE/MAX Checkmate Realtors Inc. (423) 282-0432

    Listing agent Linda Whitehead (423) 213-9611 License #220748

    Listing date Jan 18, 2026

    MLS# 9978261

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Property Elizabethton, TN

    Located just off West Elk Ave in Elizabethton, this commercial property offers excellent visibility in a high-traffic area. The property is surrounded by key businesses, including the Post Office, Lowe's, Walmart, and various food and shopping options. Elizabethton High School and Sycamore Shoals Hospital are also nearby. Previously used as a bank, the property features a 3-lane drive-thru, a conference room, and several private offices. It also has an open ceiling and an inviting entrance. Situated on 1.01 acres of land, the property has road frontage on both the front and back, providing easy access and ample parking. The 1804 square foot property is suitable for retail, office space, or other commercial uses. The adjacent property is also available and can be purchased together for additional space, offering another building and 1+\- acres, totaling over 2 acres. This area has experienced continuous growth, making it a location for business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.241924
    Latitude
    36.349237

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    FAQs

    What type of property is this?
    Bank - High-visibility commercial property in a thriving Elizabethton location.
    Where is this bank located?
    The property is located at 113 W Elk/Charlie Robinson Dr Elizabethton, TN.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - Prime location in the heart of Elizabethton's high-traffic area, offering excellent visibility and surrounded by key businesses (Post Office, Lowe's, Walmart).; - Versatile property suitable for retail, office space, or other commercial uses, previously used as a bank.; - Features a convenient 3-lane drive-thru, conference room, private offices, and an inviting entrance.
    (800) 286-0432
    Request Owner's contact information
    113 W Elk/Charlie Robinson Dr Elizabethton, TN 37643
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    Elizabethton, TN 37643
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113 W Elk/Charlie Robinson Dr Elizabethton, TN 37643
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    We can help!
    Listing Contact
    Linda Whitehead
    Linda Whitehead
    Real Estate License ID: 220748
    (800) 286-0432
    Learn more
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