Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    386 E Main St Newport, TN 37821

    Sponsored
    For Lease
    $2,000 /Mo ($1.97 SF/Yr)

    Business - Newport, TN

    Type:Business
    Property size:
    1,628 SF
    Lot size:
    0.28 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 20 at 11:06 pm

    Property Features for 386 E Main St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Business
    Standard status
    Active
    Parking
    22
    Size
    1,628 SF
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air, Ductless, Electric, Heat Pump, Multi Units, Wall Unit(s), Window Unit(s)

    Building Details

    Year built
    2005
    Building materials
    Frame, Log, Log Siding
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Rae Massey

    MASSEY REALTY (865) 805-0321

    Listing agent Rae E. Massey (865) 805-0321 License #311727

    Listing date Feb 19, 2026

    MLS# 710473 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

    Newport, TN Business Opportunity

    Located in downtown Newport, Tennessee, this multi-use building offers a prime business leasing opportunity on the banks of the Pigeon River. Constructed in 2005, the log-sided building spans 1,628 square feet and borders the Trailhead Greenway. Zoned C-1, the property was previously used as a salon and cafe, and it is suitable for various types of businesses. The space includes a 15' x 21' main entrance with a reception/serving counter, a 21' x 22' dining/showroom space, and a 10' x 11' adjoining space that opens to a 10' x 22' covered patio. Additional features include a 10' x 15' grill area with a grill hood, a 10' x 12' stockroom, a 9' x 16' maintenance room, and a customer bathroom. The property includes 160 feet of river frontage, a 10' x 22' covered patio, and a 22' x 23' open patio, both overlooking the river. There are 15 paved parking spaces, plus a 50' x 70' overflow parking area. The property is in close proximity to Pigeon Forge, Dollywood, Gatlinburg, Dandridge, Morristown, Hot Springs, the eastern entrance to The Great Smoky Mountain National Park, Douglas Lake, the Appalachian Trail, Cataloochee Valley, and Maggie Valley. The lot size is 0.28 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Simpl Cafe Cafe & Coffee Shop Reflections Salon Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Prime_Ate Food Truck

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.181768
    Latitude
    35.967621

    Nearby Similar for Lease

    • New
      $2,000 /Mo
      1,628 SF

      Newport Commercial Space by River

      Multi-use commercial space in downtown Newport on the Pigeon River.
      386 E Main St, Newport, TN 37821
      View Details
    • $1,800 /Mo
      174,240 SF

      Retail Space in Busy Center

      2,400 sq ft retail space in high-traffic Newport shopping center.
      216 W Broadway St, Newport, TN 37821
      View Details
    • $575 /Mo
      436 SF

      Downtown Newport Business Offices For Rent

      Charming, restored office spaces in downtown Newport with utilities included.
      273 E Broadway St, Newport, TN 37821
      View Details
    • Contact for pricing
      18,066 SF

      Food Grade Manufacturing Facility

      Manufacturing facility with rail access, convenient interstate access.
      540 E Broadway, Newport, TN 37821
      View Details
    • Contact for pricing
      477,205 SF

      540 E Broadway St

      Distribution properties • 477,205 SF
      540 Broadway St, Newport, TN 37821
      View Details

    FAQs

    What type of property is this?
    Restaurant - Multi-use building in downtown Newport with river frontage.
    Where is this restaurant located?
    The property is located at 386 E Main St Newport, TN.
    What is the lease rate?
    The lease rate is $1.97 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on the Pigeon River in downtown Newport, bordering the Trailhead Greenway.; - Versatile C-1 zoning suitable for various business types.; - Affordable lease rate of $14.74 per sq ft annually ($2000/month) including building taxes and insurance, with a future option to lease.
    (865) 805-0322
    Request Owner's contact information
    386 E Main St Newport, TN 37821
    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.
    386 E Main St
    Newport, TN 37821
    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
    386 E Main St Newport, TN 37821
    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
    Rae Massey
    Real Estate License ID: 311727
    (865) 805-0322 (865) 805-0321
    Learn more
    Google sign-in failed. Please try again or use another login method.