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    122 Circle Drive Bean Station, TN 37708

    View on Map
    For Sale
    $615,000

    COMMERCIAL - Bean Station, TN

    Property size:
    3,000 SF
    Lot size:
    0.50 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    22
    Last Refresh:
    Apr 1 at 5:06 pm

    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

    TaxAnnualAmount
    1815

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1998
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Ashley Hunt
    Ashley Hunt

    Listing agent Ashley Hunt License #369356

    Listing office REMAX Real Estate Ten of Morristown 525 W Morris Blvd Suite E, TN

    Listing date Mar 11, 2026

    MLS# 9992199

    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.

    Overview

    Lakefront Commercial Opportunity in Bean Station

    This commercial property is located minutes from US-11W in Bean Station, TN, with approximately 13,000+ vehicles passing daily. The property offers excellent visibility and access. The main level features commercial space currently leased month-to-month. The property includes dual billboards, a security gate, fencing, and highway frontage. The upstairs area offers 3 bedrooms and 2 bathrooms, including covered porches and carports overlooking the lake. A new roof has been installed. The property is situated on a 0.5-acre lot. The building size is 3000 square feet. City sewer is currently being installed in the area with potential for future connection. The property is zoned for commercial use and is suitable for retail, restaurant, car lot, office, or other business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Auto Repair Shop Gym & Fitness Center Auto Parts Store Storage Facility HVAC Service Garden Center Shopping Center & Mall (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bean Station
    County
    Grainger
    State
    Tennessee
    Longitude
    -83.289325
    Latitude
    36.299315

    Nearby Similar for Sale

    • $115,000
      533 SF

      Commercial Building in Bean Station

      533 SF commercial building on 0.3 acres in Bean Station.
      703 Main Street, Bean Station, TN 37708
      View Details
    • $399,900
      4,484 SF

      Commercial Building in Bean Station

      Commercial building with over 4000 sqft in Bean Station, TN.
      551 Broadway Drive, Bean Station, TN 37708
      View Details
    • $1,200,000

      Income Property Near Cherokee Lake

      Income-producing property with storage units, apartments, home, and RV pad.
      175 Lakeshore Drive, Bean Station, TN 37708
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial property with lake views, living quarters, and highway frontage.
    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 $615,000.
    What are key features of this property?
    This property features: Lakefront commercial property with HIGHWAY FRONTAGE and high traffic visibility.; Income‑generating potential with existing commercial tenant.; Includes 3BR, 2BA living quarters upstairs with LAKE VIEWS and covered porches.
    (865) 438-4543
    We can help!
    Listing Contact
    Ashley Hunt
    Ashley Hunt
    Real Estate License ID: 369356
    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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