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

    154 Shadow Wood Ln Surgoinsville, TN 37873

    Sponsored
    For Sale
    Pending
    $749,000

    MULTI_FAMILY - Surgoinsville, TN

    Property size:
    4,850 SF
    Lot size:
    13.00 Acres
    Days on Market:
    61
    Last Refresh:
    Feb 7 at 10:06 pm

    Property Features for 154 Shadow Wood Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Window features
    Single Pane Window(s), Double Pane Windows
    Zoning
    cm ag
    Rooms
    Basement
    APN
    041 28.00 041 80.05
    Parking features
    Driveway
    Patio and Porch features
    Deck
    Basement
    Crawl Space
    Appliances
    Electric Range, Refrigerator
    Size
    4,850 SF
    Lot size
    13.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Ceiling Fan(s), Heat Pump
    Water source
    Public

    Building Details

    Year built
    1990
    Floors in Building
    1
    Number of units
    12
    Flooring type
    Carpet, Laminate
    Building materials
    Masonite, Vinyl Siding
    Roof type
    Metal, Composition

    We can help!

    Listing Contact
    Frank Marsh

    Greater Kingsport Realty (423) 433-6500

    Listing agent Frank Marsh (423) 340-2228 License #218974

    Listing date Dec 9, 2025

    MLS# 9984352 Listing URL

    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

    Overview

    Surgoinsville Multifamily Investment Opportunity

    This multifamily property in Surgoinsville, Tennessee, presents a great investment opportunity. The property includes 10 mobile homes, with 3 new and others remodeled, as well as 2 campers and one camper lot. All units are currently rented. Each unit has separate electric, and the property has 3 water meters. The property features electric heat pumps. There is room for additional units to be added, increasing the income potential. The current monthly income is $8450.00. The owner lives in a 3-bedroom, 2-bath unit, which could rent for $1200+, bringing the total potential monthly income to $9650.00. The property size is 4850 square feet and sits on a 13-acre lot. The zoning is cm ag. The property includes 1705 Carters Valley Road. This is a great investment opportunity with the potential for additional income by adding more units. The seller is ready to retire and give someone else the opportunity for a great investment.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Surgoinsville
    County
    Hawkins
    State
    Tennessee
    Longitude
    -82.836585
    Latitude
    36.513606

    Nearby Similar for Sale

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      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Multifamily property with income potential in Surgoinsville, Tennessee.
    Where is this mobile home & rv park located?
    The property is located at 154 Shadow Wood Ln Surgoinsville, TN.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Current monthly income of $8450 from existing rentals, with potential to reach $9650+ by renting the owner's residence.; - Includes 10 mobile homes (3 new, others remodeled), 2 campers, and one camper lot, all currently rented.; - Opportunity to increase income by adding more rental units to the property.
    (423) 340-2228
    Request Owner's contact information
    154 Shadow Wood Ln Surgoinsville, TN 37873
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    Surgoinsville, TN 37873
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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
    154 Shadow Wood Ln Surgoinsville, TN 37873
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    We can help!
    Listing Contact
    Frank Marsh
    Real Estate License ID: 218974
    (423) 340-2228
    Learn more
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