New Construction
For Sale
$349,900
208 Avenue B, Alcoa, TN 37701
Three separately available residences feature open-plan interiors, private garages, laundry rooms, and included kitchen refrigerators.
Property Size1,400 SF
Price / SF$249.93
Days on Market9
Property Features for 208 Avenue B
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listed By:
Southern Charm Homes
(865) 518-4324
Source:
Southerncharm
Added: Sep 12
Last Checked: Sep 20 at 8:09AM
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 Southern Charm Homes
Investment Insights
Based on property information with market context.
This 2026 triplex contains three separately marketed residences, each planned with three bedrooms and two and one-half bathrooms. The homes feature open-concept living areas, one-car garages, dedicated laundry rooms, and refrigerators included in the kitchens. The property size is 1,400 SF.
Located at 208 Avenue B in Alcoa, the property is near shopping and dining and is zoned for Alcoa schools. Each residence offers a new-construction layout suited to residential income ownership or separate unit sales.
Located at 208 Avenue B in Alcoa, the property is near shopping and dining and is zoned for Alcoa schools. Each residence offers a new-construction layout suited to residential income ownership or separate unit sales.
Key Highlights
- 2026 new‑construction triplex with 3 residences
- Each unit includes 3 bedrooms and 2.5 bathrooms
- Units are sold separately
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
$12,659
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
3.62%
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%
$253,180
$253.2K
Cap Rate 7%
$180,843
$180.8K
Cap Rate 9%
$140,656
$140.7K
Market Conditions
NOI Build-Up for 1,400 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
$24.7K $17.64/SF
− Vacancy
−$1.7K −$1.20/SF
EGI
$23.0K $16.44/SF
− OpEx
−$10.4K −$7.40/SF
NOI
$12.7K $9.04/SF
Area
Blount County, TN
Vacancy
6.80%
Lease Rate
$17.64 /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%
$253,180
Cap Rate 7%
$180,843
Cap Rate 9%
$140,656
Alternative Uses
Best Use
Apartment 5plus
$180.8K
$158.2K – $211.0K
NOI $12,659 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.6K
$493.2K – $657.6K
NOI $39,454 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Three separately available residences feature open-plan interiors, private garages, laundry rooms, and included kitchen refrigerators.
Where is this residential income property located?
The property is located at 208 Avenue B Alcoa, TN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2026 new‑construction triplex with 3 residences; Each unit includes 3 bedrooms and 2.5 bathrooms; Units are sold separately
