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    Watauga Commercial Building with Lift Title is generated by Realmo AI

    435 Cripple Creek Road, Watauga, TN 37694

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    For Sale
    $249,900

    COMMERCIAL - Watauga, TN

    Property size:
    1,500 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $166/SF
    Added:
    Apr 28, 2026
    Days on Market:
    15
    Last Refresh:
    May 12 at 7:06 pm

    Property Features for 435 Cripple Creek Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Comm/Res
    Standard status
    Active
    APN
    026 00901 000
    Size
    1,500 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    235

    Utilities

    Utilities
    Phone Available
    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Space Heater, Floor Furnace
    Water source
    Private, Well

    Building Details

    Year built
    2017
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Christine Kittredge
    Christine Kittredge

    Listing agent Christine Kittredge License #358431

    Listing office Exit Realty Tri-Cities 1604 Lamons Lane Suite 201, Johnson City, TN

    Listing date Apr 28, 2026

    MLS# 9994576

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1500 sq. ft. metal building – suitable for workshop or small business
    • Includes a small office space and full bathroom
    • 400 amp service and 1‑ton lift included
    • Approximately 1 acre of land
    • Water (well) and sewer (septic) connected
    • Built in 2017

    Overview

    This 1500 sq. ft. metal building in Watauga, TN, is suitable for a workshop or small business. Previously used as a welding shop, it is ideal for auto repair, welding, carpentry, and storage. The property includes a small office space and a full bathroom. Water and sewer are connected, and the property also features a well and a septic system. It has 400 amp service and a 1-ton lift. The property includes approximately 1 acre of land. A new survey is being ordered. The property is zoned Comm/Res.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Moffitt welding and bumper ... Auto Repair Shop

    Suggested Use

    Auto Repair Shop Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tri-Cities Mobile Lube — 713 Cripple Creek Rd, Watauga, TN 37694
    • Moffitt welding and bumper straightening — 435 Cripple Creek Rd, Watauga, TN 37694

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Carter
    State
    Tennessee
    Longitude
    -82.271622
    Latitude
    36.397911

    Nearby Similar for Sale

    • $289,000
      3,352 SF

      Versatile Commercial Property in Watauga, TN

      Commercial property with retail, warehouse space, and rental income potential.
      901 Watauga Road, Watauga, TN 37694
      View Details
    • $289,000
      3,280 SF

      Watauga Road Commercial Properties

      Two commercial properties with warehouse, retail space, and rental potential.
      901 Watauga Rd, Watauga, TN
      View Details

    FAQs

    What type of property is this?
    Auto shop - 1500 sq ft commercial building on approximately 1 acre.
    Where is this auto shop located?
    The property is located at 435 Cripple Creek Road Watauga, TN.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: 1500 sq. ft. metal building – suitable for workshop or small business; Includes a small office space and full bathroom; 400 amp service and 1‑ton lift included
    (423) 735-9813
    We can help!
    Listing Contact
    Christine Kittredge
    Christine Kittredge
    Real Estate License ID: 358431
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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