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

    383 S Tva Rd Bristol, TN 37620

    Sponsored
    For Sale
    $5,100,000

    MULTI_FAMILY - Other - Bristol, TN

    Lot size:
    13.63 Acres
    Days on Market:
    164
    Last Refresh:
    Jan 23 at 5:06 pm

    Property Features for 383 S Tva Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AR
    Rooms
    Bedroom 2, Bedroom 5, Bedroom 10, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 8, Bathroom 2, Bathroom 5, Bedroom 7, Bathroom 4, Bedroom 9, Bathroom 3
    Bedrooms
    10
    APN
    070 130.00
    Lot size
    13.63 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    2021
    Number of units
    7
    Building materials
    Log
    Architectural style
    Other

    We can help!

    Listing Contact
    Josh Taylor
    Josh Taylor

    REMAX RESULTS BRISTOL (423) 793-1130

    Listing agent Josh Taylor (423) 366-2353 License #315197

    Listing date Aug 13, 2025

    MLS# 9981399

    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

    Property Insight Report

    Overview

    Holston Riverfront Lodge with Rental Cabins

    Tailwaters Lodge is a vacation destination catering to fishermen visiting the South Holston River. The property spans 13.63 acres and includes 540 feet of river frontage on the Holston River. It features six rental cabins, an owner's cabin, an office/gift shop, and a workshop. Three of the cabins and the workshop, which includes an apartment above, were newly constructed in 2021. The existing cabins have been renovated and upgraded. Each cabin offers unique features and character. The county has approved the construction of a large main lodge and an additional guest cabin. The AR zoning allows for further development of the acreage. The property is located within walking distance of the Weir Dam and a public boat launch. Tailwaters Lodge has partnerships with local fishing guides. The property manages six additional short-term rental properties on the South Holston River as an additional revenue stream. Mountain views are available from the top of the property, and a road leads to the water's edge. The property is suitable for families, groups, and corporate gatherings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Hotel & Motel Gym & Fitness Daycare Center Travel Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.110817
    Latitude
    36.520776

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    FAQs

    What type of property is this?
    Hotel - Premier vacation destination with river frontage and rental income potential.
    Where is this hotel located?
    The property is located at 383 S Tva Rd Bristol, TN.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: - Premier vacation destination with established reputation catering to fishermen.; - Significant income potential from 6 rental cabins, owner's cabin, office/gift shop, workshop with apartment, and management of 6 additional short-term rental properties.; - 13.63 acres with **540 ft of river frontage**, located within walking distance of the Weir Dam and public boat launch.
    (423) 366-2353
    Request Owner's contact information
    383 S Tva Rd Bristol, TN 37620
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    Bristol, TN 37620
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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
    383 S Tva Rd Bristol, TN 37620
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    We can help!
    Listing Contact
    Josh Taylor
    Josh Taylor
    Real Estate License ID: 315197
    (423) 366-2353
    Learn more
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