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

    856 Highway 411 Etowah, TN 37331

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Hwy 411 Retail Space, $815,000

    Property Features for 856 Highway 411

    General Information

    Property type
    Drug stores

    We can help!

    Listing Contact
    Justin Sterling
    Justin Sterling

    Listing Agency: NAI Koella RM Moore - Knoxville Listing Agent: Justin Sterling

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 8,600 square foot retail building, located at 856 Hwy 411 in Etowah, Tennessee (zip code 37331), presents a compelling investment opportunity. Currently configured as a pharmacy, this versatile space offers ample room for a variety of retail concepts. Situated on a high-visibility corner of Highway 411, the property benefits from significant foot and vehicular traffic. The building is modern, well-maintained, and includes ample parking for customers and employees. Its commercial zoning allows for flexible business operations. The property's location in Etowah, a town experiencing growth fueled by heritage tourism and its proximity to the Great Smoky Mountains, offers strong potential for a high return on investment. The area boasts convenient access to local amenities, including the L&N Train Depot Museum and the Hiwassee River. Furthermore, this property is designated as an Opportunity Zone, providing potential tax advantages for qualified investors. The building's layout is adaptable to various retail uses, making it an ideal choice for entrepreneurs seeking a thriving location with excellent visibility and accessibility. The property is ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Bank Gizachew Seyoum Pharmacy Garry S. Shipp, ... Pharmacy Alfred Beightol Pharmacy Colleen Mccoy Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Etowah
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.520826746508
    Latitude
    35.341842328347

    Nearby Similar for Sale

    • $425,000
      12,400 SF

      Turnkey Distillery in Desirable Location

      Distillery with event space in downtown Etowah, Tennessee.
      610 Tennessee Ave, Etowah, TN 37331
      View Details
    • $1,550,000
      9,600 SF

      Versatile Commercial Property in Etowah

      Meticulously maintained commercial property on just under 3 acres.
      300 N Tennessee Ave, Etowah, TN 37331
      View Details
    • $149,000
      1,044 SF

      Downtown Etowah Commercial Space

      Centrally located commercial space ideal for retail, office, or restaurant.
      616 Tennessee Ave, Etowah, TN 37331
      View Details
    • $1,400,000
      576 SF

      Twelve Properties in Etowah, TN

      Investment opportunity: 11 cabins and one doublewide with signed leases.
      128 County Road 882, Etowah, TN 37331
      View Details
    • $195,000
      1,539 SF

      Farmhouse Victorian on Corner Lot

      Charming 1920s home or duplex in Etowah, Tennessee.
      430 Ohio Ave, Etowah, TN 37331
      View Details
    • New
      $248,000
      1,872 SF

      Etowah Fourplex Investment Opportunity

      Income-producing fourplex in Etowah, Tennessee, ideal for investors.
      706 Washington Ave, Etowah, TN 37331
      View Details
    • $1,400,000
      576 SF

      Etowah Investment Property Portfolio

      Portfolio of 12 properties with existing leases and new construction.
      128 County Road 882, Etowah, TN 37331
      View Details
    • $295,000
      4,800 SF

      Etowah Mixed-Use Investment Opportunity

      Mixed-use property with income-producing apartments and retail space.
      830 Tennessee Ave, Etowah, TN 37331
      View Details
    • $295,000
      4,800 SF

      Etowah Commercial Investment Opportunity

      Mixed-use property with income-producing apartments and commercial space.
      830 Tennessee Ave, Etowah, TN 37331
      View Details
    • $400,000
      6,500 SF

      Industrial Buildings on Highway 411

      Industrial property with multiple buildings located off Highway 411.
      1447 Tennessee Ave, Etowah, TN 37331
      View Details
    • $273,000
      Pending

      Etowah Fourplex: Income Potential

      Four-unit property in Etowah, Tennessee, ideal for investors.
      714 Washington Ave, Etowah, TN 37331
      View Details

    FAQs

    What type of property is this?
    Drug store - Prime Hwy 411 Retail Space, $815,000
    Where is this drug store located?
    The property is located at 856 Highway 411 Etowah, TN.
    What is the asking price?
    The asking price for this property is $815,000.
    What are key features of this property?
    This property features: Opportunity Zone designation offering potential tax advantages.; Excellent visibility from Highway 411.; 8,600 SF retail building ideal for various retail uses.
    (865) 236-1610 Call to check price and availability
    Request Owner's contact information
    856 Highway 411 Etowah, TN 37331
    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.
    856 Highway 411
    Etowah, TN 37331
    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
    856 Highway 411 Etowah, TN 37331
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Sterling
    Justin Sterling
    Real Estate License ID: 305457
    (865) 236-1610 (865) 531-6400 (865) 777-3030
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!