Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1896 Highway 411 S Etowah, TN 37331

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Convertible commercial space with ample parking and creek access.

    Lot size:
    1.68 Acres

    Property Features for 1896 Highway 411 S

    General Information

    Standard status
    Active
    Lot size
    1.68 Acres

    We can help!

    Listing Contact
    Jennifer Burch
    Source: Exitrealty

    Listing Agency: Weichert Realtors SEM Associates Listing Agent: Jennifer Burch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Building Near Etowah

    This versatile building is located just outside the Etowah city limits. Previously operated as a successful thrift business, it was also once a restaurant, suggesting an easy conversion back into a diner or cafe. The property features ample parking space. A creek is located at the back of the property, and a picnic area is also present. The property can be used for commercial or residential purposes.
    Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Department Store Kitchen & Bath Showroom Food Market Home Appliance Store Plumbing Service (Bike/Boat/Book/etc) Store Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Etowah
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.539258
    Latitude
    35.299174

    Nearby Similar for Sale

    • $425,000
      12,400 SF

      Turnkey Distillery in Desirable Location

      Distillery with event space in downtown Etowah, Tennessee.
      610 Tennessee Ave, Etowah, TN 37331
      View Details
    • $1,550,000
      9,600 SF

      Versatile Commercial Property in Etowah

      Meticulously maintained commercial property on just under 3 acres.
      300 N Tennessee Ave, Etowah, TN 37331
      View Details
    • $149,000
      1,044 SF

      Downtown Etowah Commercial Space

      Centrally located commercial space ideal for retail, office, or restaurant.
      616 Tennessee Ave, Etowah, TN 37331
      View Details
    • $195,000
      1,539 SF

      Farmhouse Victorian on Corner Lot

      Charming 1920s home or duplex in Etowah, Tennessee.
      430 Ohio Ave, Etowah, TN 37331
      View Details
    • $1,400,000
      576 SF

      Twelve Properties in Etowah, TN

      Investment opportunity: 11 cabins and one doublewide with signed leases.
      128 County Road 882, Etowah, TN 37331
      View Details
    • $248,000
      1,872 SF

      Etowah Fourplex Investment Opportunity

      Income-producing fourplex in Etowah, Tennessee, ideal for investors.
      706 Washington Ave, Etowah, TN 37331
      View Details
    • $1,400,000
      576 SF

      Etowah Investment Property Portfolio

      Portfolio of 12 properties with existing leases and new construction.
      128 County Road 882, Etowah, TN 37331
      View Details
    • $295,000
      4,800 SF

      Etowah Mixed-Use Investment Opportunity

      Mixed-use property with income-producing apartments and retail space.
      830 Tennessee Ave, Etowah, TN 37331
      View Details
    • $295,000
      4,800 SF

      Etowah Commercial Investment Opportunity

      Mixed-use property with income-producing apartments and commercial space.
      830 Tennessee Ave, Etowah, TN 37331
      View Details
    • $815,000
      8,241 SF

      Highway 411 Commercial Opportunity

      8,241 SF building suitable for retail, office, or medical use.
      856 Highway 411, Etowah, TN 37331
      View Details
    • $400,000
      6,500 SF

      Industrial Buildings on Highway 411

      Industrial property with multiple buildings located off Highway 411.
      1447 Tennessee Ave, Etowah, TN 37331
      View Details
    • $273,000
      Pending

      Etowah Fourplex: Income Potential

      Four-unit property in Etowah, Tennessee, ideal for investors.
      714 Washington Ave, Etowah, TN 37331
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Convertible commercial space with ample parking and creek access.
    Where is this breakfast & diner located?
    The property is located at 1896 Highway 411 S Etowah, TN.
    What are key features of this property?
    This property features: - Prime location just outside Etowah city limits.; - Versatile building suitable for commercial or residential use.; - Ample parking space.
    (423) 220-3672
    Request Owner's contact information
    1896 Highway 411 S Etowah, TN 37331
    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.
    1896 Highway 411 S
    Etowah, TN 37331
    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
    1896 Highway 411 S Etowah, TN 37331
    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
    Jennifer Burch
    Real Estate License ID: 349105
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!