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    3122 Circle Drive White Pine, TN 37890

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    Claim this Listing
    For Sale
    $450,000

    COMMERCIAL - White Pine, TN

    Property size:
    2,740 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $164/SF
    Added:
    Jan 30, 2026
    Days on Market:
    97
    Last Refresh:
    May 7 at 11:06 am

    Property Features for 3122 Circle Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Fencing
    Chain Link
    Standard status
    Active
    APN
    028J A 01300 000
    Size
    2,740 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1418

    Utilities

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

    Building Details

    Year built
    1977
    Floors in Building
    1
    Building materials
    Asphalt

    We can help!

    Listing Contact
    Matt Berger
    Matt Berger

    Listing agent Matt Berger License #325483

    Listing office Keller Williams Smoky Mountain 100 E Main Street Suite 100, Sevierville, TN

    Listing date Jan 30, 2026

    MLS# 710287

    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.

    HighLights

    • Lease agreement in place with a well‑established veterinary clinic franchise.
    • Recently remodeled with updated bathrooms, new flooring, and fresh paint.
    • New HVAC system installed in October 2025 (costing $21,000).
    • Updated electrical panel with 250 amp 3‑phase service.
    • ADA accessible.
    • New roof installed in 2017.

    Overview

    Commercial Building with Veterinary Lease

    This commercial building in White Pine, Tennessee, presents an opportunity with a current lease agreement in place with a well-established veterinary clinic franchise. The property has been recently remodeled, featuring repainted interiors, updated bathrooms, and new flooring throughout. Accessibility is ensured with ADA compliance. A new water heater was installed one year ago. The roof was replaced in 2017. A new HVAC system, costing $21,000, was installed in October of 2025. The electrical panel has been updated to provide 250 amp service with 3-phase capability. The property includes a storage building located inside a fenced area. The lot size is 0.34 acres. The building encompasses 2,740 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • White Pine Veterinary Practice — 3122 Circle St, White Pine, TN 37890

    Location Insight

    • Map
    • Local Demand
    City
    White Pine
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.283857
    Latitude
    36.107912

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    FAQs

    What type of property is this?
    Medical Office Space - Commercial building in White Pine, TN, leased to veterinary clinic.
    Where is this medical office space located?
    The property is located at 3122 Circle Drive White Pine, TN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Lease agreement in place with a well‑established veterinary clinic franchise.; Recently remodeled with **updated bathrooms, new flooring, and fresh paint.**; **New HVAC system installed in October 2025** (costing $21,000).
    (865) 322-0018
    We can help!
    Listing Contact
    Matt Berger
    Matt Berger
    Real Estate License ID: 325483
    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.

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