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    175 Lakeshore Dr Bean Station, TN 37708

    Sponsored
    For Sale
    $1,200,000

    Ranch, Multi Family - Bean Station, TN

    Property size:
    2,560 SF
    Lot size:
    1.60 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 5 at 11:06 am

    Property Features for 175 Lakeshore Dr

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    15
    Interior features
    Beamed Ceilings
    Exterior features
    Rain Gutters
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    2,560 SF
    Lot size
    1.60 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Electric, Heat Pump, Multi Units, Varies by Unit, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1973
    Number of units
    53
    Building materials
    Attic/Crawl Hatchway(s) Insulated, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Phyllis Reed

    Clinch Mountain Realty & Auction (423) 748-1081

    Listing agent Phyllis Reed (865) 993-5263 License #250486

    Listing date Feb 4, 2026

    MLS# 710325 Listing URL

    Copyright © 2026 Lakeway Area 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.

    Learn more

    Property Insight Report

    Overview

    Income Producing Multi-Use Property

    This income-producing property in Bean Station, Tennessee, presents a unique investment opportunity. The property, located just off Highway 25 E, includes 45 storage units, 6 apartments, a single wide mobile home, an RV pad, and a 2560 square foot home. The property is currently producing monthly income, with potential for increased revenue. Situated within walking distance of Cherokee Lake and close to three marinas, the location also offers recreational opportunities. Clinchview Golf Course is a short 5-minute drive away. The property is located approximately one hour from Knoxville, Pigeon Forge, and Gatlinburg. The lot size is 1.6 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Storage Facility HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bean Station
    County
    Grainger
    State
    Tennessee
    Longitude
    -83.294619
    Latitude
    36.308084

    Nearby Similar for Sale

    • $399,900
      1.55 Acres

      Commercial Building in Bean Station

      Over 4000 sqft commercial building with multiple options available.
      551 Broadway Dr, Bean Station, TN 37708
      View Details
    • $409,900
      1,404 SF

      Cherokee Lake Condo with Views

      Condo with lake and mountain views, fully furnished.
      222 Sandpiper Ln, Bean Station, TN 37708
      View Details
    • $409,900
      1,404 SF

      Cherokee Lake Condo with Furnishings

      Condo with lake and mountain views, fully furnished.
      222 Sandpiper Ln, Bean Station, TN 37708
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multi-faceted investment opportunity near Cherokee Lake in Bean Station, TN.
    Where is this apartment building located?
    The property is located at 175 Lakeshore Dr Bean Station, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Income-producing property with diverse revenue streams: 45 storage units, 6 apartments, a mobile home, an RV pad, and a house; - High income potential with opportunity for increased revenue; - Prime location near Hwy 25 E in Bean Station
    (865) 993-5263
    Request Owner's contact information
    175 Lakeshore Dr Bean Station, TN 37708
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    Bean Station, TN 37708
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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
    175 Lakeshore Dr Bean Station, TN 37708
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    We can help!
    Listing Contact
    Phyllis Reed
    Real Estate License ID: 250486
    (865) 993-5263
    Learn more
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