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

    5901 New River Hwy Briceville, TN 37710

    Sponsored
    For Sale
    $679,900

    MULTI_FAMILY - Briceville, TN

    Property size:
    1,728 SF
    Lot size:
    11.40 Acres
    Days on Market:
    18
    Last Refresh:
    Feb 7 at 1:06 am

    Property Features for 5901 New River Hwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    4
    APN
    015 011.02
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Appliances
    Range, Refrigerator
    Size
    1,728 SF
    Lot size
    11.40 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    2005
    Number of units
    3
    Flooring type
    Slate, Hardwood
    Building materials
    Block, Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Dillon Boshears

    Rocky Top Realty (865) 414-6246

    Listing agent Dillon Boshears (865) 228-8652

    Listing date Jan 21, 2026

    MLS# 1326364 Listing URL

    Copyright © 2026 East Tennessee 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

    Briceville Hospitality Property with Cabins

    This 11.40-acre property in New River, Tennessee, presents a business opportunity with potential for expansion. Currently operating as a hospitality business, it features repeat customers and a website. The property includes three furnished cabins, each with outdoor sitting areas, fire pits, and solar twinkle lights. The main cabin is a two-story structure with a balcony and stone floors. Additionally, there is a campground equipped with eight RV spots. A storage shed with an attached carport and bathhouse are included, along with an ice machine, freezer, and zero-turn lawnmower. A newly built gazebo with picnic tables and grills is also present. Open field areas by the creek offer possibilities for business growth, such as hosting weddings, events, and celebrations. Other potential uses include a greenhouse, horse facilities, a stage for outdoor concerts, storytelling, or flea market events with food trucks. A wooden bridge provides access across the river that runs through the property. The property includes the Elijah cabin built around 2005, and two smaller cabins (New River and Cumberland) built around 2008. The total size of the property is 1728 square feet. The property is suited for living, working, or recreational use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ligia's Fork Cabin Vacation Rental

    Suggested Use

    Real Estate Agency Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Briceville
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.312732
    Latitude
    36.206757

    Nearby Similar for Sale

    • $799,000
      9,400 SF

      Briceville Multifamily Investment Opportunity

      Well-maintained 8-unit apartment building in Briceville, Tennessee.
      127 Upper Airbase Ln, Briceville, TN 37710
      View Details

    FAQs

    What type of property is this?
    Campground - Hospitality property featuring cabins, RV spots, and event potential.
    Where is this campground located?
    The property is located at 5901 New River Hwy Briceville, TN.
    What is the asking price?
    The asking price for this property is $679,900.
    What are key features of this property?
    This property features: - Established, income-producing business with website and repeat clientele.; - Turnkey operation: Includes **3 furnished cabins, 8 equipped RV spots, bathhouse, ice machine, freezer, and zero-turn lawnmower.**; - 11.4 acres in a desirable mountain location in New River, Tennessee, offering scenic views and recreational opportunities (river access, ATV trails).
    (865) 414-6246
    Request Owner's contact information
    5901 New River Hwy Briceville, TN 37710
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    Briceville, TN 37710
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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
    5901 New River Hwy Briceville, TN 37710
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    We can help!
    Listing Contact
    Dillon Boshears
    (865) 414-6246
    Learn more
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