Single-Family Home with Commercial
For Sale
$269,000
144 Allison Road, Piney Flats, TN 37686
Commercial Sale, Piney Flats, TN
Property Size1,434 SF
Lot Size0.40 Acres
Price / SF$187.59
Days on Market253
Property Features for 144 Allison Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RES Comm
Subdivision
Not In Subdivision
Directions
Take US-19W - BRISTOL HIGHWAY - to Piney Flats. Turn Left on to Allison Road. Property is on right. See Sign.
Standard status
Active
APN
124o A 007.00
Size
1,434 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
910
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Heat Pump, Central Air
Water source
Public
Building Details
Year built
1950
Building materials
Aluminum Siding, Block
Roof type
Asphalt, Shingle
Listing Agency:
Westbrook Legacy Realty
(423) 518-2060
Listed By:
Karen Stigall · License #343972
(423) 833-8304
Added: Dec 12, 2025
Changed: Aug 20
Last Checked: Aug 22 at 2:06PM
MLS# 9989227
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.
Investment Insights
Based on property information with market context.
This 3-bedroom, 2-bath single-family home features hardwood flooring and a separate dining room and living room with a fireplace. An unfinished basement includes the laundry area and offers additional space for storage or a workshop setup. Outside, the property includes a huge covered deck and an additional covered porch off the living room.
The home is listed with commercial zoning under “RES Comm.” Public remarks indicate the seller will install a gravel parking pad prior to close. The property also has approximately 115 feet of road frontage. A detached garage is noted to convey with a vacant parcel next to the home, not with the home, and the lot behind the home could convey with an acceptable offer; the back-lot parcel ID is listed as 124O A008.00 and is currently listed separately.
The home is listed with commercial zoning under “RES Comm.” Public remarks indicate the seller will install a gravel parking pad prior to close. The property also has approximately 115 feet of road frontage. A detached garage is noted to convey with a vacant parcel next to the home, not with the home, and the lot behind the home could convey with an acceptable offer; the back-lot parcel ID is listed as 124O A008.00 and is currently listed separately.
Key Highlights
- 3‑bedroom, 2‑bath home with commercial zoning and approximately 115 ft of road frontage
- Unfinished basement with laundry area for storage and potential workshop use
- Detached garage included; garage conveys with the vacant parcel next to the home, not with the home
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,017
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$200,340
$200.3K
Cap Rate 7%
$143,100
$143.1K
Cap Rate 9%
$111,300
$111.3K
Market Conditions
NOI Build-Up for 1,434 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.3K $13.44/SF
− Vacancy
−$1.1K −$0.74/SF
EGI
$18.2K $12.70/SF
− OpEx
−$8.2K −$5.72/SF
NOI
$10.0K $6.99/SF
Area
Sullivan County, TN
Vacancy
5.50%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$200,340
Cap Rate 7%
$143,100
Cap Rate 9%
$111,300
Alternative Uses
Best Use
Apartment 5plus
$143.1K
$125.2K – $167.0K
NOI $10,017 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$537.0K
$469.9K – $626.5K
NOI $37,591 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 37686, TN
8,207
Population
3,790
Households
2.2
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
29.5 sq mi
ZIP Area
278
Density / Sq Mi
$84,894
Median Household Income
$42,929
Median Earnings
$1,117
Median Rent
$306,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - 3 bed, 2 bath home with hardwood floors, fireplace, unfinished basement, and covered outdoor spaces, plus RES Comm zoning.
Where is this single family property located?
The property is located at 144 Allison Road Piney Flats, TN.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath home with commercial zoning and approximately 115 ft of road frontage; Unfinished basement with laundry area for storage and potential workshop use; Detached garage included; garage conveys with the vacant parcel next to the home, not with the home
