Freestanding Bank
For Sale
$1,300,000
2734 Alcoa Highway, Alcoa, TN 37701
Standalone branch facility with dual roadway access and redevelopment capacity on a substantial commercial site.
Property Size5,480 SF
Lot Size1.60 Acres
Price / SF$237.23
Days on Market20
Property Features for 2734 Alcoa Highway
General Information
Standard status
Active
Size
5,480 SF
Lot size
1.60 Acres
Property subtype
SpecialPurpose
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Building Details
Year Built
1970
Buildings
1
Tenancy
Single
Listed By:
John Adams
(865) 256-2719
Source:
Cbre
Added: Sep 1
Changed: Sep 19
Last Checked: Sep 20 at 6:59AM
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 John Adams
Investment Insights
Based on property information with market context.
This freestanding bank branch contains 5,168 square feet, including basement area, and was constructed in 1970 on 1.6 acres. The building occupies roughly 7% of the parcel, providing room for expansion or redevelopment. Existing improvements include the branch facility and its current banking configuration.
The property has frontage and access along Alcoa Highway (US-129), plus a second entrance from N. Wright Road. McGhee Tyson Airport is located minutes away. Regions Bank is scheduled to close the branch at the end of 2026 and deliver the property vacant. A five-year prohibition on financial use begins at closing. Tours are coordinated through the listing brokers while the branch remains open and staffed.
The property has frontage and access along Alcoa Highway (US-129), plus a second entrance from N. Wright Road. McGhee Tyson Airport is located minutes away. Regions Bank is scheduled to close the branch at the end of 2026 and deliver the property vacant. A five-year prohibition on financial use begins at closing. Tours are coordinated through the listing brokers while the branch remains open and staffed.
Key Highlights
- 5,168‑square‑foot bank branch on 1.6 acres
- Built in 1970; basement area included in the total square footage
- Building covers roughly 7% of the site, leaving room to expand or redevelop
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
$84,669
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
6.51%
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%
$1,693,380
$1.7M
Cap Rate 7%
$1,209,557
$1.2M
Cap Rate 9%
$940,767
$940.8K
Market Conditions
NOI Build-Up for 5,480 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
$126.3K $23.04/SF
− Vacancy
−$5.3K −$0.97/SF
EGI
$121.0K $22.07/SF
− OpEx
−$36.3K −$6.62/SF
NOI
$84.7K $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%
$1,693,380
Cap Rate 7%
$1,209,557
Cap Rate 9%
$940,767
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,669 @ 7.0% cap · market cap 6.51%
Second Best
Specialty Retail
$1.07M
$940.0K – $1.25M
NOI $75,198 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,436 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
156k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 26%
Hotels & Casinos 2%
McDonald's
Dining
30,720 visits/mo
0.3 miles
Exxon
Shops & Services
25,724 visits/mo
0.1 miles
Wendy's
Dining
13,494 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
13,168 visits/mo
0.5 miles
SONIC Drive In
Dining
10,354 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bank - Standalone branch facility with dual roadway access and redevelopment capacity on a substantial commercial site.
Where is this bank located?
The property is located at 2734 Alcoa Highway Alcoa, TN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,168‑square‑foot bank branch on 1.6 acres; Built in 1970; basement area included in the total square footage; Building covers roughly 7% of the site, leaving room to expand or redevelop
