Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    316 N White St Athens, TN 37303

    Sponsored
    For Sale
    $225,000

    COMMERCIAL - Athens, TN

    Property size:
    5,311 SF
    Lot size:
    0.26 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 27 at 4:06 pm

    Property Features for 316 N White St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Commercial
    APN
    056l C 01500 000
    Interior features
    Storage, High Speed Internet
    Exterior features
    Rain Gutters
    Appliances
    Refrigerator
    Size
    5,311 SF
    Lot size
    0.26 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Flooring type
    Vinyl, Carpet
    Building materials
    Block, Wood Siding
    Roof type
    Flat
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Joni Powell

    Silver Key Realty (423) 405-5157

    Listing agent Joni Powell (423) 519-8312 License #326514

    Listing date Jan 12, 2026

    MLS# 20260133

    Copyright © 2026 River Counties 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

    Downtown Commercial Building with Loft Apartments

    Located in downtown Athens, Tennessee, near the TWU campus, this commercial building offers a versatile space suitable for retail and office use. The property includes ample storage, catering to a variety of business needs. It presents a unique opportunity with two unfinished loft apartments, which can be transformed into income-generating rental units. The property is situated in a high-visibility location and offers potential for establishing a storefront, expanding office operations, or creating a mixed-use investment. The lot size is 0.26 acres and the building size is 5311 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Two Week Tattoo Tattoo Artist Lycan Defensive Training Self Defense School Seasonal Clarity, LLC Yoga Instructor Studio 3:16 Community ... Art Studio

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.595379
    Latitude
    35.445305

    Nearby Similar for Sale

    • $299,900
      Pending

      Historic Tri-Plex Investment Opportunity

      Charming tri-plex near Tennessee Wesleyan University.
      710 Ingleside Ave, Athens, TN 37303
      View Details
    • $394,000
      3,067 SF

      Historic Mixed-Use Building in Athens

      Spacious 1930s building in downtown Athens, Tennessee.
      203 W Washington Ave, Athens, TN 37303
      View Details
    • $169,000
      1,760 SF

      Versatile Commercial Building in Athens

      1,760 sq ft commercial building suitable for various uses.
      1027 Moore St, Athens, TN 37303
      View Details
    • $715,000
      9,600 SF

      Athens Retail Property For Sale

      Retail property with multiple units in a high-traffic area.
      702 S White St, Athens, TN 37303
      View Details
    • $289,000
      1,896 SF

      Remodeled Commercial Building Near TWU

      Move-in ready commercial space in downtown Athens near TWU campus.
      314 N White St, Athens, TN 37303
      View Details
    • $1,800,000
      15,000 SF

      New Self-Storage Facility in Athens

      Modern self-storage facility with climate-controlled units and RV/boat slips.
      2620 Highway 39, Athens, TN 37303
      View Details
    • $174,999
      2,794 SF

      Commercial Building in Athens, TN

      Commercial building for sale in Athens, Tennessee. Renovations needed.
      15 Congress Pkwy, Athens, TN 37303
      View Details
    • New
      Contact for pricing
      0.25 Acres

      Residential Lot in Athens, TN

      Small lot suitable for low-maintenance residential use.
      Kilgore St, Athens, TN 37303
      View Details
    • $5,925,000
      6,532 SF

      20-Year NNN Lease Property

      Long-term NNN lease with attractive rental increases in Athens, TN.
      1208 Congress Pkwy, Athens, TN 37303
      View Details
    • $975,000
      9,216 SF

      Medical Zoned Building For Sale

      9,200 SF medical building with 42-bed capacity on 2.29 acres.
      1303 Frye St, Athens, TN 37303
      View Details
    • $289,000

      Downtown Commercial Space, Move-In Ready

      Remodeled commercial building near TWU campus with modern upgrades.
      314 N White St, Athens, TN 37303
      View Details
    • Contact for pricing
      16,120 SF

      Retail/Office Space For Sale

      Retail or office space with easy access and great visibility.
      915 N Congress Pkwy, Athens, TN 37303
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial building in downtown Athens, TN with income potential.
    Where is this mixed-use property located?
    The property is located at 316 N White St Athens, TN.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Prime downtown location near TWU campus offers high visibility and accessibility.; - Versatile commercial building suitable for retail, office, or mixed-use investment.; - Two unfinished loft apartments present an opportunity for income generation.
    (423) 453-8473
    Request Owner's contact information
    316 N White St Athens, TN 37303
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    316 N White St
    Athens, TN 37303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    316 N White St Athens, TN 37303
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joni Powell
    Real Estate License ID: 326514
    (423) 453-8473
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.