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    1226 Doe Creek Road Butler, TN 37640

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    Claim this Listing
    New
    For Sale
    $229,900

    LAND - Butler, TN

    Lot size:
    0.12 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 30 at 8:06 pm

    Property Features for 1226 Doe Creek Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    Residential
    Standard status
    Active
    APN
    075 045.00
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Annual Amount
    244

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank
    Water front features
    River Front
    Water front
    1

    We can help!

    Listing Contact
    Donaven Braun
    Donaven Braun

    Listing agent Donaven Braun License #345463

    Listing office Fathom Realty 3401 Mallory Lane Suite 100, TN

    Listing date Apr 30, 2026

    MLS# 9994706 Listing URL

    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.

    Overview

    Turnkey Watauga Lake Tiny Home

    This turnkey vacation or investment opportunity is located in the Watauga Lake market on Doe Creek in East Tennessee. The Stone Canyon Homes Caney Creek model tiny house is situated just 3 minutes from Watauga Lake and the Sink Mountain public boat ramp. The property is fully furnished and ready to generate income or serve as a vacation getaway. The tiny home conveys with a bill of sale and title at closing, and all furnishings stay with the property. The interior features vaulted shiplap ceilings, luxury vinyl plank flooring, and dual efficient mini-split HVAC systems. The kitchen includes shaker-style cabinetry with soft-close drawers, a stainless farmhouse apron sink, stainless appliances, and a built-in coffee bar. The home is plumbed for a gas stove and currently outfitted with an electric range. A glass-enclosed shower bath, dedicated laundry nook, and additional bedroom exterior door onto a second porch complete the layout. Two spacious covered porches expand the usable living space, with the backyard overlooking the creek. A creekside stone fire pit with Adirondack seating is included. Watauga Lake is just 3 miles away via the Sink Mountain Boat Ramp. Elizabethton or Johnson City are within roughly 30 minutes, and Mountain City and the Appalachian Trail are also within easy reach. Beech Mountain and Sugar Mountain ski resorts are just over an hour away, and Bristol Motor Speedway is about an hour away. The Tri-Cities Regional Airport is approximately an hour out. The property is positioned for strong occupancy and minimal vacancy due to its low-maintenance construction, durable finishes, included furnishings, and location near regional attractions. The faux stone skirting, metal roofing, and quality interior materials reduce maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Johnson
    State
    Tennessee
    Longitude
    -81.949366
    Latitude
    36.384049

    FAQs

    What type of property is this?
    Short term rental property - Fully furnished tiny home near Watauga Lake, ready for rental.
    Where is this short term rental property located?
    The property is located at 1226 Doe Creek Road Butler, TN.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: Turnkey, fully furnished tiny home ready for immediate rental income generation.; Prime location near Watauga Lake (3 minutes) and the new Sink Mountain Boat Ramp, offering easy access to boating, fishing, and swimming.; Instagram‑worthy creekside setting with fire pit and Adirondack seating.
    (423) 525-9252
    We can help!
    Listing Contact
    Donaven Braun
    Donaven Braun
    Real Estate License ID: 345463
    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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