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    150 Rice Rd Flag Pond, TN 37657

    View on Map
    Sponsored
    For Sale
    $890,000

    MULTI_FAMILY - Cottage, Craftsman - Flag Pond, TN

    Property size:
    3,200 SF
    Lot size:
    3.30 Acres
    Days on Market:
    0
    Last Refresh:
    Mar 22 at 9:06 pm

    Property Features for 150 Rice Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Window features
    Window Treatments
    Zoning
    Residential
    Rooms
    Bathroom 4, Dining Room, Bedroom 6, Bathroom 3, Basement, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1
    Bedrooms
    6
    Bathrooms
    4
    APN
    068 070.00
    Parking features
    Driveway
    Patio and Porch features
    Patio, Porch
    Interior features
    Balcony, Built In Safe, Kitchen Island, Kitchen/Dining Combo, Open Floorplan, Pantry, Solid Surface Counters, Utility Sink
    Exterior features
    Balcony, Garden
    Fireplace
    1
    Basement
    Finished, Walk-Out Access, Concrete, Block, Interior Entry
    Appliances
    Dishwasher, Gas Range, Microwave, Range, Refrigerator, Washer, Water Softener, Water Softener Owned
    Size
    3,200 SF
    Lot size
    3.30 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Central, Wood Stove, Wood, Fireplace(s), Heat Pump (Heating)
    Cooling system
    Central Air, Ceiling Fan(s), Heat Pump
    Water source
    Private, Well

    Building Details

    Year built
    2016
    Floors in Building
    3
    Number of units
    13
    Flooring type
    Tile, Carpet, Hardwood, Concrete, Vinyl
    Building materials
    Stone, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Craftsman, Cottage
    Additional Structures
    Arena

    We can help!

    Listing Contact
    Victoria Nelson

    SAXON CLARK REAL ESTATE GROUP

    Listing agent Victoria Nelson License #383444

    Listing date Mar 23, 2026

    MLS# 9992704

    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

    Mountain Retreat with Multiple Dwellings

    This private, gated mountain retreat features multiple dwellings and extensive improvements, situated at the end of a county-maintained dead-end road. The property offers versatility for full-time living, multi-generational use, or income potential. The custom-built main home features durable ICF concrete construction, a French drain system, 200 AMP service, and propane systems, including a furnace, on-demand water heater, and a 10,000-watt Generac generator. The interior includes an open-concept living area with cathedral ceilings, a rock wall, a propane stove, a loft overlooking the main level, and multiple flexible-use rooms, including an office, bedrooms, and a music room. Additional structures include a separate 1-bedroom cabin built in 2016, featuring its own driveway, septic system, propane heat, wood stove, and on-demand hot water, making it suitable for guests or rental use. The property also features an art studio with a basement, a bunkhouse, an off-grid kitchen, an outdoor bath with hot and cold water, two greenhouses, a chicken coop, and multiple storage buildings. Outdoor features include a year-round stream, mountain views, a fire pit area, established gardens, fruit trees, berries, and perennials. The well services both the main house and cabin. High-speed internet is available. The property, located in Flag Pond, TN, on a 3.3-acre lot, offers a blend of privacy, functionality, and self-sufficiency.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Flag Pond
    County
    Unicoi
    State
    Tennessee
    Longitude
    -82.570173
    Latitude
    35.982193

    FAQs

    What type of property is this?
    Single family property - Private, gated property with multiple dwellings and income potential.
    Where is this single family property located?
    The property is located at 150 Rice Rd Flag Pond, TN.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: - Private, gated mountain retreat at the end of a dead-end road, ensuring seclusion and tranquility.; - Multiple dwellings including a custom-built main house and a separate 1-bedroom cabin, offering versatility.; - Year-round stream and mountain views enhance the property's natural beauty.
    (423) 823-4204
    Request Owner's contact information
    150 Rice Rd Flag Pond, TN 37657
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    Flag Pond, TN 37657
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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
    150 Rice Rd Flag Pond, TN 37657
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    We can help!
    Listing Contact
    Victoria Nelson
    Real Estate License ID: 383444
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