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    668 Raccoon Valley Rd Maynardville, TN 37807

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    Claim this Listing
    For Sale
    $749,300

    MULTI_FAMILY - Maynardville, TN

    Property size:
    3,696 SF
    Lot size:
    3.23 Acres
    Price / SF:
    $202/SF
    Added:
    Nov 13, 2025
    Days on Market:
    175
    Last Refresh:
    May 7 at 4:06 am

    Property Features for 668 Raccoon Valley Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Rooms
    Bedroom 1, Bathroom 5, Bedroom 7, Bathroom 6, Bedroom 6, Bathroom 7, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 8
    Parking features
    Carport, Open, Underground/Basement
    Patio and Porch features
    Patio, Porch
    Interior features
    Walk-In Closet(s), Cathedral Ceiling(s), Kitchen Island, Pantry, Wet Bar
    Exterior features
    Windows - Vinyl, Barn, Detached Workshop
    Appliances
    Dishwasher, Microwave, Range, Refrigerator
    Standard status
    Active
    APN
    070017.04
    Size
    3,696 SF
    Lot size
    3.23 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1596

    Utilities

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

    Building Details

    Year built
    1983
    Number of units
    3
    Flooring type
    Vinyl, Tile, Carpet
    Building materials
    Vinyl Siding, Block, Frame
    Roof type
    Asphalt
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Rebecca Carter

    Listing agent Rebecca Carter

    Listing office The Carter Group, eXp Realty 5616 Kingston Pike Ste. 202, Knoxville, TN

    Listing date Nov 13, 2025

    MLS# 1321811 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.

    HighLights

    • Income‑producing property: Enjoy immediate returns with a rented 3‑bedroom manufactured home generating $850/month.
    • Extensive garage and workshop space: A 4‑car garage (26'x40') and a large aluminum shop building (32'x30') offer ample space for hobbies or business.
    • Spacious living area: 3696 sq. ft. with 5 bedrooms, 5 baths, and an open floor plan with in‑law suite potential.
    • Large private lot: Situated on a secluded 3.23‑acre wooded property.
    • Ample outdoor amenities: Relax or entertain on 1000 sq. ft. of decks with a gazebo and benefit from a large parking area for recreational vehicles.
    • Unique features: Two custom kitchens, a family room/mancave with a wet bar, a sunroom, and an exercise room.

    Overview

    Spacious Maynardville Multifamily Property

    This Maynardville property features a house with 5 bedrooms, 5 baths, and a total of 19 rooms encompassing 3696 square feet of living area. The home includes 2 large deluxe custom kitchens, a family room/mancave with a wet bar, a sunroom, an exercise room, 2 laundry/pantry rooms, 5 walk-in closets, 3 double closets, and 5 additional closets. The open floor plan offers potential for an in-law suite. Exterior features include a 26'x40' four-car garage, an 11' long front porch, and 1000 square feet of decks with a gazebo. There are four outbuildings, including a 32 x 30' aluminum shop building, totaling 1472 square feet. A secluded 120' x 100' parking area accommodates a motor home, boat, or camper. The listing also includes an older 3-bedroom double-wide manufactured home, currently rented for $850.00 per month on a month-to-month basis to a long-term tenant. The property is situated on a wooded 3.23-acre lot, offering privacy and seclusion in a country setting that remains close to town. Mature trees enhance the landscape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Parts Store Department Store Kitchen & Bath Showroom Garden Center Furniture & Home Goods Butcher Tanning Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Maynardville
    County
    Union
    State
    Tennessee
    Longitude
    -83.90397
    Latitude
    36.199017

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property featuring a house, rental home, and outbuildings.
    Where is this multifamily property located?
    The property is located at 668 Raccoon Valley Rd Maynardville, TN.
    What is the asking price?
    The asking price for this property is $749,300.
    What are key features of this property?
    This property features: Income‑producing property: Enjoy immediate returns with a rented 3‑bedroom manufactured home generating $850/month.; Extensive garage and workshop space: A 4‑car garage (26'x40') and a large aluminum shop building (32'x30') offer ample space for hobbies or business.; Spacious living area: 3696 sq. ft. with 5 bedrooms, 5 baths, and an open floor plan with in‑law suite potential.
    (865) 803-7846
    We can help!
    Listing Contact
    Rebecca Carter
    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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    668 Raccoon Valley Rd, Maynardville, TN 37807
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