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    Versatile Commercial Property in Watauga, TN Title is generated by Realmo AI

    901 Watauga Road, Watauga, TN 37694

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    Claim this Listing
    Pending
    $289,000

    COMMERCIAL - Watauga, TN

    Property size:
    3,352 SF
    Lot size:
    0.80 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    114
    Last Refresh:
    May 16 at 12:06 am

    Property Features for 901 Watauga Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Pending
    APN
    033 218.01
    Size
    3,352 SF
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    776

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Propane (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1988
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Grant Honeycutt
    Grant Honeycutt

    Listing agent Grant Honeycutt License #353034

    Listing office Hurd Realty, LLC 110 KLM Drive Suite 1, Johnson City, TN

    Listing date Jan 22, 2026

    MLS# 9990458

    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

    • Prime visibility on a highly trafficked state highway.
    • Versatile 3,352 sq ft of commercial/warehouse/retail space.
    • 2,800 sq ft building features a roll‑up door, concrete floors, and paved parking.
    • New metal roof and freshly painted exterior on one building.
    • Additional 552 sq ft commercial building with concrete block construction.
    • Includes a two‑bedroom mobile home for potential rental income.

    Overview

    Located at 899 and 901 Watauga Road in Watauga, Tennessee, this commercial property offers visibility and versatile space suitable for various business applications, totaling 3,352 square feet. The building at 899 Watauga Road provides 552 square feet of commercial space, featuring concrete block construction, a new metal roof, and a freshly painted exterior. The larger property at 901 Watauga Road includes 2,800 square feet of warehouse or retail space, equipped with a roll-up door, concrete floors, and paved parking. The property also includes a 1978 two-bedroom mobile home, presenting potential rental income opportunities with renovations. Situated along a highly visible state highway in Carter County, the properties benefit from accessibility and proximity to utilities and local amenities. The property consists of two parcels: 033 218.01 & 033 218.02 and sits on a 0.8 acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Furniture & Home Goods Car Rental Facility Restaurant Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Carter
    State
    Tennessee
    Longitude
    -82.279817
    Latitude
    36.362703

    Nearby Similar for Sale

    • $249,900
      1,500 SF

      Watauga Commercial Building with Lift

      1500 sq ft commercial building on approximately 1 acre.
      435 Cripple Creek 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?
    Retail space - Commercial property with retail, warehouse space, and rental income potential.
    Where is this retail space located?
    The property is located at 901 Watauga Road Watauga, TN.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: Prime visibility on a highly trafficked state highway.; Versatile 3,352 sq ft of commercial/warehouse/retail space.; 2,800 sq ft building features a roll‑up door, concrete floors, and paved parking.
    (423) 895-2070
    We can help!
    Listing Contact
    Grant Honeycutt
    Grant Honeycutt
    Real Estate License ID: 353034
    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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