Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    512 N Roane St Harriman, TN 37748

    View on Map
    Claim this Listing
    For Sale
    $529,900

    MULTI_FAMILY - Harriman, TN

    Property size:
    4,144 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $127/SF
    Added:
    Mar 12, 2025
    Days on Market:
    413
    Last Refresh:
    Apr 28 at 1:06 pm

    Property Features for 512 N Roane St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 5, Bedroom 4, Bathroom 1
    Parking features
    Off Street
    Standard status
    Active
    APN
    026F H 025.01
    Size
    4,144 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1882

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Number of units
    7
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Brick, Block
    Roof type
    Rubber

    We can help!

    Listing Contact
    Raj Cheema

    Listing agent Raj Cheema

    Listing office Southland Brokers 244 N Peters Road, Knoxville, TN

    Listing date Mar 12, 2025

    MLS# 1293042 Listing URL

    Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment in Harriman, TN

    This mixed-use property is located in downtown Harriman, TN, and offers an investment opportunity. The property includes one commercial space, currently operating as a hair salon, and seven efficiency residential units. The landlord is responsible for water, while tenants cover their own electric expenses. A new roof was installed at the end of 2024. The property has a size of 4144 square feet and is situated on a lot of 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Babylon Hair Lounge Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Harriman
    County
    Roane
    State
    Tennessee
    Longitude
    -84.549678
    Latitude
    35.935319

    Nearby Similar for Sale

    • $375,000
      5,324 SF

      Harriman Warehouse on One Acre

      One-acre warehouse lot near Roane State Highway in Harriman.
      198 Adkisson Rd, Harriman, TN 37748
      View Details
    • $375,000
      6,493 SF

      Warehouse with Open Yard Space

      One-acre Harriman warehouse with open floor plan and yard.
      198 Adkisson Rd, Harriman, TN 37748
      View Details
    • $389,900
      1,536 SF

      Spacious One-Level Home with Updates

      Updated 3BD/2BA home with commercial potential near I-40.
      1723 Roane State Hwy, Harriman, TN
      View Details
    • $190,000
      3,000 SF

      High Visibility Corner Location

      Corner property with high traffic, near theater and shopping.
      430 N Roane Street, Harriman, TN 37748
      View Details
    • $190,000
      3,000 SF

      Harriman Retail Property For Sale

      Retail property with high visibility and traffic in Harriman, TN.
      430 N Roane Street, Harriman, TN 37748
      View Details
    • Contact for pricing
      8,558 SF

      NNN Ground Lease Restaurant

      Corporately guaranteed restaurant property with over 7 years remaining.
      1839 S Roane St, Harriman, TN 37748
      View Details
    • $349,000
      2,480 SF

      Harriman Industrial Property with Yard

      Industrial property with fenced yard and vehicle storage area.
      325 Fairchild Street, Harriman, TN 37748
      View Details
    • $2,300,000
      8,588 SF

      Established Harriman Restaurant Investment Opportunity

      Long-term leased Cracker Barrel with corporate guarantee and rental increases.
      1839 S Roane St, Harriman, TN 37748
      View Details
    • $299,000
      1,760 SF

      Harriman TN Quadplex For Sale

      Well-maintained quadplex with spacious rooms and off-street parking.
      811 Siluria St, Harriman, TN 37748
      View Details
    • $249,000
      1,538 SF

      Highway Commercial Space on US 70

      4,000 SF C2 space in Harriman, TN for sale.
      2310 Harriman Hwy, Harriman, TN 37748
      View Details
    • $1,900,000
      14,925 SF

      Harriman Storage Facility For Sale

      High-visibility storage facility with strong occupancy and recent upgrades.
      3010 Roane State Hwy, Harriman, TN 37748
      View Details
    • $1,475,000
      9,072 SF

      Harriman Multifamily Investment Opportunity

      Multifamily property with 10 units in Harriman, Tennessee.
      435 Hillside Dr, Harriman, TN 37748
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential units in Harriman.
    Where is this mixed-use property located?
    The property is located at 512 N Roane St Harriman, TN.
    What is the asking price?
    The asking price for this property is $529,900.
    What are key features of this property?
    This property features: Prime downtown Harriman, TN location.; Mixed‑use property with commercial and residential units.; Seven total units (one commercial, six residential).
    (865) 466-7240
    We can help!
    Listing Contact
    Raj Cheema
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!