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    627 E Copeland Drive Powell, TN 37849

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    Claim this Listing
    Pending
    $1,200,000

    MULTI_FAMILY - Powell, TN

    Property size:
    9,572 SF
    Lot size:
    7.94 Acres
    Added:
    Dec 18, 2025
    Days on Market:
    124
    Last Refresh:
    Apr 21 at 12:06 pm

    Property Features for 627 E Copeland Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    17
    Rooms
    Bathroom 3, Bedroom 7, Bedroom 15, Bathroom 11, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 7, Bedroom 14, Bedroom 2, Bedroom 12, Bathroom 8, Bathroom 13, Bathroom 4, Bathroom 12, Bedroom 11, Bathroom 6, Bedroom 17, Bedroom 10, Bathroom 10, Bathroom 1, Bedroom 13, Bedroom 5, Bedroom 9, Bedroom 16, Bedroom 6, Bathroom 9, Bedroom 8, Bathroom 5
    Parking features
    Carport
    Window features
    Aluminum Frames
    Patio and Porch features
    Porch
    Exterior features
    Detached Workshop
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    APN
    037 057
    Size
    9,572 SF
    Lot size
    7.94 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2084

    Utilities

    Heating system
    Heat Pump (Heating), Central, Electric (Heating)
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    1988
    Number of units
    7
    Flooring type
    Laminate, Vinyl, Carpet
    Building materials
    Vinyl Siding, Aluminum Siding, Block, Frame
    Roof type
    Shingle, Metal, Aluminum, Asphalt
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    John Huskey
    John Huskey

    Listing agent John Huskey

    Listing office King Real Estate Services,Inc 531 Callahan Drive Suite 102, Knoxville, TN

    Listing date Dec 18, 2025

    MLS# 1324509 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.

    Overview

    Multifamily Investment Opportunity in Powell

    This multifamily investment opportunity is located in Powell, Tennessee, near restaurants, shopping, and the interstate. The property, situated on approximately 8 acres, includes a main residence of approximately 3,300 square feet with 4 bedrooms and 2 bathrooms. Adjacent to the main home is a standalone apartment with 2 bedrooms and 1 bathroom. The property also features five occupied single-wide mobile homes. A detached five-bay garage/workshop offers flexibility for equipment storage, maintenance, or hobby use and includes a car lift. The property is being sold as a whole with the combined 5 tracts. All residences are serviced by septic systems. Sewer is not available nearby. This sale includes the following Parcel ID's: 037 057, 037 05706, 037 05703, 037 050, 037 05708. The effective age of the house is 37 years old according to tax records when an extensive remodel was done. The actual age of the original structure could not be located.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Law Firm Dental Office Hotel & Motel Gym & Fitness Center Auto Parts Store Department Store Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Knox
    State
    Tennessee
    Longitude
    -84.008252
    Latitude
    36.068642

    Nearby Similar for Sale

    • $2,495,000

      Multi-Tenant Warehouse on Clinton Highway

      Multi-tenant warehouse with outside storage, minutes from I-75/I-40.
      7659 Clinton Hwy, Powell, TN
      View Details
    • $1,950,000
      1,909 SF

      Restaurant Opportunity on Emory Road

      Former restaurant in growing area with high traffic counts.
      405 E Emory Rd, Powell, TN
      View Details
    • $2,450,000
      5,873 SF

      Turn-Key Restaurant For Sale

      Restaurant with high traffic and visibility, ready to operate.
      7535 Conner Rd, Powell, TN
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Multifamily property on 8 acres near restaurants and shopping.
    Where is this mobile home & rv park located?
    The property is located at 627 E Copeland Drive Powell, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Multifamily investment opportunity on approximately 8 acres with diverse income streams.; Convenient Powell, TN location, with easy access to amenities and the interstate.; Main residence features approximately 3,300 sq ft with 4 bedrooms and 2 bathrooms.
    (865) 300-4382
    We can help!
    Listing Contact
    John Huskey
    John Huskey
    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.

    More about this property
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