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    11882 Highway 68 Tellico Plains, TN 37385

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    Claim this Listing
    For Sale
    $224,500

    COMMERCIAL - Tellico Plains, TN

    Property size:
    1,704 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $131/SF
    Added:
    Jan 29, 2026
    Days on Market:
    89
    Last Refresh:
    Apr 28 at 3:06 pm

    Property Features for 11882 Highway 68

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot
    Interior features
    Separate Living Quarters, Eat-in Kitchen
    Appliances
    Washer, Dryer, Electric Cooktop, Electric Range, Microwave, Refrigerator
    Standard status
    Active
    APN
    188042.00
    Size
    1,704 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    561

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Propane (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1976
    Flooring type
    Concrete, Hardwood
    Building materials
    Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Stephanie McFall

    Listing agent Stephanie McFall License #288066

    Listing office Zach Taylor - Chattanooga 101 W21st ST, Chattanooga, TN

    Listing date Jan 29, 2026

    MLS# 20261686

    Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unique Commercial Property, Tellico Plains

    This unique property in Tellico Plains presents a great investment opportunity with endless possibilities. It features a studio apartment and a one-bedroom apartment, both furnished with rustic decor, full bathrooms, and kitchenette spaces. Additionally, there is a separate 840-square-foot space with a full bathroom and laundry room including a washer and dryer. This space could be converted into a third apartment, a store, a small restaurant, or the entire property could be transformed into a single home. The property offers unique character and adequate parking, including an oversized carport suitable for entertainment, parking, or storage. Located minutes from town with dining and shopping, it is also near hiking, the Cherahala Skyway, and Tellico River. The property is zoned commercial and sits on a 0.4-acre lot. The building size is 1704 square feet. It is located in Monroe County, in Tellico Plains, Tennessee. The property is a mixed-use property with storefront and retail space. It offers potential for various business dreams and opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Tellico Plains
    County
    Monroe
    State
    Tennessee
    Longitude
    -84.2338
    Latitude
    35.3408

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile property with apartments, commercial space, and investment potential.
    Where is this mixed-use property located?
    The property is located at 11882 Highway 68 Tellico Plains, TN.
    What is the asking price?
    The asking price for this property is $224,500.
    What are key features of this property?
    This property features: Two furnished apartments (1 studio, 1 bedroom) with full bathrooms and kitchenettes offer immediate rental income potential or living space.; Large 840SF flex space with full bathroom and laundry room provides options for a third apartment, business, or conversion.; Oversized carport is ideal for entertainment, parking, or storage.
    (423) 309-1728
    We can help!
    Listing Contact
    Stephanie McFall
    Real Estate License ID: 288066
    Learn More
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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
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