12-Unit Motel with
For Sale
$2,250,000
4407 Calderwood Hwy, Maryville, TN 37801
Hospitality property combines guest accommodations, food service, merchandise retail, and primitive camping uses across connected improvements and land.
Property Size7,137 SF
Days on Market51
Property Features for 4407 Calderwood Hwy
General Information
Standard status
Active
Size
7,137 SF
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
7,137 SF
Year Built
2009
Buildings
2
Listing Agency:
SVN I Wood Properties
Listed By:
Jon Roosen · License #366234
(865) 202-6767
Source:
Svnwood
Added: Aug 26
Changed: Oct 3
Last Checked: Oct 14 at 9:41PM
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 SVN I Wood Properties
Investment Insights
Based on property information with market context.
Built in 2009, the property centers on a 12-unit condo-style motel with individual kitchens or kitchenettes and full bathrooms. A utility and storage room occupies the first floor. The offering also includes a separate restaurant building with an updated kitchen and an attached merchandise store.
The 4.38-acre property is situated along Highway 129/72 in Tennessee, identified as the route known as The Dragon. A separate 2.58-acre parcel adds 21 primitive campsites, with portions of the sites graveled. The campground parcel is served by utilities and carries unrestricted development potential. Pigeon Forge and McGhee Tyson Airport are each less than an hour away.
The 4.38-acre property is situated along Highway 129/72 in Tennessee, identified as the route known as The Dragon. A separate 2.58-acre parcel adds 21 primitive campsites, with portions of the sites graveled. The campground parcel is served by utilities and carries unrestricted development potential. Pigeon Forge and McGhee Tyson Airport are each less than an hour away.
Key Highlights
- 12‑unit condo‑style motel built in 2009
- Guest units include kitchens or kitchenettes and full baths
- Freestanding restaurant with updated kitchen and attached merchandise store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,271
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,420
$2.2M
Cap Rate 7%
$1,575,300
$1.6M
Cap Rate 9%
$1,225,233
$1.2M
Market Conditions
NOI Build-Up for 7,137 SF
Gross rent
$164.4K $23.04/SF
− Vacancy
−$6.9K −$0.97/SF
EGI
$157.5K $22.07/SF
− OpEx
−$47.3K −$6.62/SF
NOI
$110.3K $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%
$2,205,420
Cap Rate 7%
$1,575,300
Cap Rate 9%
$1,225,233
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,271 @ 7.0% cap · market cap 4.90%
Second Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,936 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $201,133 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Dragon Pitt Inn — 4407 calderwood hwy, maryville, tn 37801
Frequently Asked Questions
What type of property is this?
Motel - Hospitality property combines guest accommodations, food service, merchandise retail, and primitive camping uses across connected improvements and land.
Where is this motel located?
The property is located at 4407 Calderwood Hwy Maryville, TN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 12‑unit condo‑style motel built in 2009; Guest units include kitchens or kitchenettes and full baths; Freestanding restaurant with updated kitchen and attached merchandise store
