Retail Showroom with
For Sale
Contact for pricing
1906 W Broadway Ave, Maryville, TN 37801
Large commercial space with open layout, dedicated office, restroom, and upstairs storage, plus on-site parking.
Property Size4,255 SF
Price / SF$210.34
Days on Market217
Property Features for 1906 W Broadway Ave
General Information
Standard status
Active
Size
4,255 SF
Property subtype
RETAIL
Listing Agency:
The Dwight Price Group Realty Exectuives Associates
(865) 888-7653
Listed By:
Dwight Price · License #260675
(865) 898-2120
Source:
Moodyscre
Added: Jan 31
Changed: Aug 28
Last Checked: Aug 14 at 7:42AM
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 The Dwight Price Group Realty Exectuives Associates
Investment Insights
Based on property information with market context.
This for-sale commercial property offers 4,200+ square feet of versatile interior space, including 3,375 square feet on the main level and 880 square feet of upstairs storage. The majority of the space is open-concept, supported by a dedicated office, restroom, and additional storage for daily operations.
The property is positioned in a prime Maryville area and is described as having high-traffic visibility and convenient customer access. Ample on-site parking supports staff and visitor arrival.
Externally, the key functional amenity is the on-site parking, while the internal configuration combines a flexible open area with enclosed support spaces, including an office and restroom, plus upstairs storage.
The property is positioned in a prime Maryville area and is described as having high-traffic visibility and convenient customer access. Ample on-site parking supports staff and visitor arrival.
Externally, the key functional amenity is the on-site parking, while the internal configuration combines a flexible open area with enclosed support spaces, including an office and restroom, plus upstairs storage.
Key Highlights
- 4200+ SF commercial space in a prime Maryville location, with 3375 SF on the main level and 880 SF upstairs storage
- Mostly open‑concept interior layout with flexibility for retail, showroom, studio, or service uses
- Includes a dedicated office, restroom, and storage area for day‑to‑day operations
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
$65,742
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
7.35%
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%
$1,314,840
$1.3M
Cap Rate 7%
$939,171
$939.2K
Cap Rate 9%
$730,467
$730.5K
Market Conditions
NOI Build-Up for 4,255 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
$98.0K $23.04/SF
− Vacancy
−$4.1K −$0.97/SF
EGI
$93.9K $22.07/SF
− OpEx
−$28.2K −$6.62/SF
NOI
$65.7K $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 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%
$1,314,840
Cap Rate 7%
$939,171
Cap Rate 9%
$730,467
Alternative Uses
Best Use
Retail
$939.2K
$821.8K – $1.10M
NOI $65,742 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,913 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
200k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
Chick-fil-A
Dining
49,488 visits/mo
0.4 miles
Weigel's
Shops & Services
31,192 visits/mo
0.1 miles
Exxon
Shops & Services
19,619 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
17,604 visits/mo
0.2 miles
Wendy's
Dining
14,917 visits/mo
0.3 miles
Demographics for 37801, TN
28,822
Population
12,254
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
89%
High-School Grad
69.4 sq mi
ZIP Area
415
Density / Sq Mi
$70,814
Median Household Income
$45,296
Median Earnings
$1,061
Median Rent
$268,700
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?
Retail space - Large commercial space with open layout, dedicated office, restroom, and upstairs storage, plus on-site parking.
Where is this retail space located?
The property is located at 1906 W Broadway Ave Maryville, TN.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 4200+ SF commercial space in a prime Maryville location, with 3375 SF on the main level and 880 SF upstairs storage; Mostly open‑concept interior layout with flexibility for retail, showroom, studio, or service uses; Includes a dedicated office, restroom, and storage area for day‑to‑day operations
