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Piney Flats Mixed-Use Investment

5725 Highway 11 E Piney Flats, TN 37686

Claim this Listing
For Sale
$649,900

Mixed-use property with commercial space and income-producing apartments.

Property size:
5,600 SF
Price / SF:
$116/SF
Added:
May 10, 2026
Days on Market:
63
Last Refresh:
Jun 29 at 4:29 am

Property Features for 5725 Highway 11 E

General Information

Standard status
Active
Size
5,600 SF

Listing office Crye-Leike Realtors

Listing date May 10, 2026

Source Exprealty

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 Crye-Leike Realtors


Investment Insights

Based on property information with market context.

Located in Piney Flats, this mixed-use property offers visibility and versatility. The ground level features a commercial storefront suitable for various businesses, including a laundromat, retail shop, restaurant, café, hair salon, or service-based business. Upstairs, the property includes three income-producing apartments, one of which is a two-story unit. The property features a newer metal roof, HVAC, and windows, and has been renovated. One apartment is rented under a month-to-month lease. The building has been used for personal use by the seller since purchase. The property includes over 20 parking spaces and road frontage on a major corridor. The property has rental income potential with mixed-use flexibility. Four sets of washer/dryers, five stoves, five refrigerators, and a commercial drink cooler are included. The property is centrally located with access to Johnson City, Bristol, and surrounding Tri-Cities areas. This property is suitable for investors or owner-operators looking to run a business while generating rental income, or for those seeking a commercial asset in a growing area. The property size is 5,600 square feet.

Key Highlights

  • Prime mixed‑use property with high visibility on Hwy 11E.
  • Spacious commercial storefront suitable for various businesses.
  • Three income‑producing apartments, including a unique two‑story unit.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $87.4k $15.60
− Vacancy −$8.7k −$1.56
EGI $78.6k $14.04
− OpEx −$29.5k −$5.27
NOI $49.1k $8.77
5,600 SF · lease $15.60/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use
Retail
$1.24M
$1.08M – $1.44M (±1% cap)
NOI $86,523 @ 7.0% cap · market cap 13.31%
Second Best
Mixed Use
$702.0K
$614.3K – $819.0K (±1% cap)
NOI $49,140 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M (±1% cap)
NOI $146,797 @ 7.0% cap · market cap 22.59%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Yard & Nursery Depot Garden Center East Tennessee Movers ... Moving Company

Suggested Use

Law Firm Electrical Service Storage Facility Kitchen & Bath Showroom Garden Center Furniture & Home Goods HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Bakery

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

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with commercial space and income-producing apartments.
Where is this mixed-use property located?
The property is located at 5725 Highway 11 E Piney Flats, TN.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Prime mixed‑use property with high visibility on Hwy 11E.; Spacious commercial storefront suitable for various businesses.; Three income‑producing apartments, including a unique two‑story unit.
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More about this property
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