Lakefront Mixed-Use Investment
122 Circle Drive Bean Station, TN 37708
122 Circle Drive, Bean Station, TN, 37708
$599,000
For Sale
$599,000
COMMERCIAL - Bean Station, TN
Property Size3,000 SF
Lot Size0.50 Acres
Price / SF$199.67
Days on Market65
Property Features for 122 Circle Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 044p A 007.00
- Size
- 3,000 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1815
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1998
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing Agency
REMAX Real Estate Ten of Morristown
(423) 581-8881
525 W Morris Blvd Suite E, TN
Listed by
Ashley Hunt · License #369356
(865) 438-4543
Added: May 15 Checked: Jul 18 at 2:06 pm
MLS# 9995448
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.
Investment Insights
Based on property information with market context.
This spacious 3,000 square foot property in Bean Station, TN, offers a lakefront opportunity with potential for multi-generational living or rental income. The property is zoned commercial and includes a home with separate living quarters. The upstairs section features 3 bedrooms and 2 full bathrooms. The lower level, currently rented on a month-to-month basis, includes 5 additional rooms, a large gathering space, and a full bathroom. The 0.5-acre lot also includes two carports and a partial foundation already in place, suitable for building a second home or garage. The property is conveniently located just minutes from shopping, downtown, and the hospital. It is listed as both a residential and commercial property, offering flexibility for various uses.
Key Highlights
- Lakefront property offering a rare opportunity.
- Separate living quarters ideal for multi‑generational living or rental income.
- Potential for rental income from the lower level to offset mortgage costs.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $19.20 |
| − Vacancy | −$5.2k | −$1.73 |
| EGI | $52.4k | $17.47 |
| − OpEx | −$19.7k | −$6.55 |
| NOI | $32.8k | $10.92 |
3,000 SF · lease $19.20/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$468.0K
$409.5K – $546.0K
NOI $32,760 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$384.6K
$336.5K – $448.7K
NOI $26,923 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$743.0K
$650.2K – $866.9K
NOI $52,013 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Spacious lakefront property with rental income potential in Bean Station.
Where is this mixed-use property located?
The property is located at 122 Circle Drive Bean Station, TN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Lakefront property offering a rare opportunity.; Separate living quarters ideal for multi‑generational living or rental income.; Potential for rental income from the lower level to offset mortgage costs.
