Mixed-Use
For Sale
Contact for pricing
1885-1897 Louisville Rd, Alcoa, TN 37701
At the Louisville Road and W. Hunt Road junction, the property connects to Hwy 129.
Property Size7,347 SF
Price / SF$203.48
Days on Market64
Property Features for 1885-1897 Louisville Rd
General Information
Standard status
Active
Size
7,347 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2006
Listing Agency:
Wallace Nelson Real Estate
(865) 982-0500
Listed By:
Billy Loope
(865) 310-3329
Source:
Moodyscre
Added: Aug 8
Changed: Oct 10
Last Checked: Oct 10 at 3:01AM
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 Wallace Nelson Real Estate
Investment Insights
Based on property information with market context.
This 7,347-square-foot mixed-use plaza opened in 2006 and has remained occupied since opening, with tenants from various business categories.
The property sits where Louisville Road meets W. Hunt Road. Both roads connect to Hwy 129, also known as Alcoa Hwy, providing access from the surrounding road network.
The property sits where Louisville Road meets W. Hunt Road. Both roads connect to Hwy 129, also known as Alcoa Hwy, providing access from the surrounding road network.
Key Highlights
- 7,347 square feet of mixed‑use plaza space
- Opened in 2006 and occupied since opening
- Located at Louisville Rd and W. Hunt Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,516
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,270,320
$2.3M
Cap Rate 7%
$1,621,657
$1.6M
Cap Rate 9%
$1,261,289
$1.3M
Market Conditions
NOI Build-Up for 7,347 SF
Gross rent
$169.3K $23.04/SF
− Vacancy
−$7.1K −$0.97/SF
EGI
$162.2K $22.07/SF
− OpEx
−$48.6K −$6.62/SF
NOI
$113.5K $15.45/SF
Area
Blount County, TN
Vacancy
4.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,270,320
Cap Rate 7%
$1,621,657
Cap Rate 9%
$1,261,289
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,516 @ 7.0% cap · market cap 7.59%
Second Best
Mixed Use
$921.0K
$805.9K – $1.07M
NOI $64,470 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,051 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
2,435 visits/mo
0.1 miles
Demographics for 37701, TN
8,798
Population
4,485
Households
2
Avg Household Size
39
Median Age
34%
College-Educated
92%
High-School Grad
10.7 sq mi
ZIP Area
822
Density / Sq Mi
$63,202
Median Household Income
$39,064
Median Earnings
$1,101
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - At the Louisville Road and W. Hunt Road junction, the property connects to Hwy 129.
Where is this mixed-use property located?
The property is located at 1885-1897 Louisville Rd Alcoa, TN.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 7,347 square feet of mixed‑use plaza space; Opened in 2006 and occupied since opening; Located at Louisville Rd and W. Hunt Rd
