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    175 Lakeshore Drive Bean Station, TN 37708

    View on Map
    For Sale
    $1,200,000

    MULTI_FAMILY - Ranch - Bean Station, TN

    Type:Single Family Residence
    Property size:
    2,560 SF
    Lot size:
    1.60 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 175 Lakeshore Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    7
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 3, Basement, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 6
    Interior features
    Beamed Ceilings
    Exterior features
    Rain Gutters
    Fireplace
    1
    Basement
    Block, Partial, Unfinished
    Appliances
    Dishwasher, Electric Range, Refrigerator
    Standard status
    Active
    APN
    043 03600 000
    Size
    2,560 SF
    Lot size
    1.60 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Map 043 parcel 036.00 Deed Book 423 page 1062
    TaxAnnualAmount
    4329

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Multi Units, Ceiling Fan(s), Wall/Window Unit(s), Heat Pump, Window Unit(s), Varies by Unit, Electric
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    53
    Flooring type
    Carpet, Laminate, Varies
    Building materials
    Attic/Crawl Hatchway(s) Insulated, Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Phyllis Reed

    Listing agent Phyllis Reed License #250486

    Listing office Clinch Mountain Realty & Auction 3736 Hwy 25E, Bean Station, TN

    Listing date Feb 4, 2026

    MLS# 710325

    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.

    Overview

    Income Property Near Cherokee Lake

    This income-producing property is located just off Hwy 25 E in Bean Station. It features 45 storage units, 6 apartments, a single wide mobile home, an RV pad, and a 2560 square foot home. The property is situated on a 1.6-acre lot. Cherokee Lake is within walking distance, with 3 Marinas close by. Clinchview Golf Course is only 5 minutes away, and Knoxville is an hour's drive, along with Pigeon Forge and Gatlinburg. The property is currently producing a monthly income, with potential for more.
    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

    • $615,000
      3,000 SF

      Lakefront Commercial Opportunity in Bean Station

      Commercial property with lake views, living quarters, and highway frontage.
      122 Circle Drive, Bean Station, TN 37708
      View Details
    • $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

    FAQs

    What type of property is this?
    Apartment building - Income-producing property with storage units, apartments, home, and RV pad.
    Where is this apartment building located?
    The property is located at 175 Lakeshore Drive 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) 748-3325
    We can help!
    Listing Contact
    Phyllis Reed
    Real Estate License ID: 250486
    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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