Spacious One-Level Home with
1723 Roane State Hwy, Harriman, TN
Call to check price and availability
Updated 3BD/2BA home with commercial potential near I-40.
Type:OFFICE
Property size:
1,536 SFLot size:
0.56 AcresPrice / SF:
$253/SF- Added:
- Sep 22, 2025
- Days on Market:
- 239
- Last Refresh:
- Apr 5 at 8:45 pm
Property Features for 1723 Roane State Hwy
General Information
- Standard status
- Active
- Size
- 1,536 SF
- Lot size
- 0.56 Acres
- Property subtype
- OFFICE
Listing agent Kathy May-Martin License #250474 (865) 603-7230
Listing office C/B Jim Henry and Associates (865) 603-7230
Listing date Sep 22, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of C/B Jim Henry and Associates
HighLights
- Numerous updates inside and out, creating a 'brand new' feel.
- Newer roof, gutters, appliances, and decking.
- Spacious 3 bedroom, 2 bathroom one‑level home.
- Vaulted ceilings in the family/dining room.
- Split bedroom floorplan.
- Convenient location to shopping, restaurants, and I‑40.
Overview
This spacious one-level home features 3 bedrooms and 2 bathrooms. The property has been updated inside and out, including a newer roof, gutters, appliances, and decking. The family and dining room area features vaulted ceilings. The floorplan is a split bedroom design. A spacious 2-car garage is included. The property is conveniently located near shopping, restaurants, and I-40. The property offers commercial possibilities.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$225.8K
NOI $20,321 @ 9.00% cap · cautious / downside scenario
Moderate
$290.3K
NOI $20,321 @ 7.00% cap · market / base-case scenario
Aggressive
$406.4K
NOI $20,321 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $21.00 |
| − Vacancy | −$5.2k | −$3.36 |
| EGI | $27.1k | $17.64 |
| − OpEx | −$6.8k | −$4.41 |
| NOI | $20.3k | $13.23 |
1,536 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$290.3K
$254.0K – $338.7K
NOI $20,321 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.4K
$332.9K – $443.9K
NOI $26,631 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Harriman
- County
- Roane
- State
- Tennessee
- Longitude
- -84.5426
- Latitude
- 35.8923
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Updated 3BD/2BA home with commercial potential near I-40.
Where is this office units located?
The property is located at 1723 Roane State Hwy Harriman, TN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Numerous updates inside and out, creating a 'brand new' feel.; Newer roof, gutters, appliances, and decking.; Spacious 3 bedroom, 2 bathroom one‑level home.
