Brick Office
For Sale
$115,000
703 Main Street, Bean Station, TN 37708
COMMERCIAL - Bean Station, TN
Property Size533 SF
Lot Size0.30 Acres
Price / SF$215.76
Days on Market167
Property Features for 703 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
From 25E turn onto Main Street, property will be on the left within a mile. (GPS Friendly)
Standard status
Active
APN
024P G 007.01
Size
533 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1967
Floors in Building
1
Listing Agency:
Single Tree Realty
(865) 465-3397
Listed By:
Jarrod Brown · License #327586
(865) 201-7448
Added: Mar 8
Changed: Aug 5
Last Checked: Aug 22 at 10:06AM
MLS# 710642
Copyright © 2026 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 533-square-foot brick office building was constructed in 1967 and is arranged with two offices, a foyer/meeting room, and a half bath. Central heating and central air conditioning support year-round interior use. The property sits on approximately 0.3 acres and offers a straightforward office configuration for an owner-user or small commercial operation.
Located at 703 Main Street in Bean Station, Tennessee, the property combines a modest building footprint with additional land area. The existing layout provides separate office rooms along with a shared meeting or reception space, creating a practical setup for professional services or similar office use.
Located at 703 Main Street in Bean Station, Tennessee, the property combines a modest building footprint with additional land area. The existing layout provides separate office rooms along with a shared meeting or reception space, creating a practical setup for professional services or similar office use.
Key Highlights
- 533‑square‑foot office building on approximately 0.3 acres
- Two offices plus foyer/meeting room and half bath
- Brick construction with 1967 build year
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
$7,052
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
6.13%
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%
$141,040
$141.0K
Cap Rate 7%
$100,743
$100.7K
Cap Rate 9%
$78,356
$78.4K
Market Conditions
NOI Build-Up for 533 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
$11.2K $21.00/SF
− Vacancy
−$1.8K −$3.36/SF
EGI
$9.4K $17.64/SF
− OpEx
−$2.4K −$4.41/SF
NOI
$7.1K $13.23/SF
Area
Grainger County, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$141,040
Cap Rate 7%
$100,743
Cap Rate 9%
$78,356
Alternative Uses
Best Use
Office B
$100.7K
$88.2K – $117.5K
NOI $7,052 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$132.0K
$115.5K – $154.0K
NOI $9,241 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 37708, TN
6,584
Population
3,490
Households
1.9
Avg Household Size
49
Median Age
16%
College-Educated
79%
High-School Grad
41.3 sq mi
ZIP Area
159
Density / Sq Mi
$45,331
Median Household Income
$31,981
Median Earnings
$621
Median Rent
$161,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Compact office property with two private offices, a meeting area, and a half bath.
Where is this office units located?
The property is located at 703 Main Street Bean Station, TN.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 533‑square‑foot office building on approximately 0.3 acres; Two offices plus foyer/meeting room and half bath; Brick construction with 1967 build year
