Townsend Multifamily Investment
For Sale
$1,375,000
7052 E Lamar Alexander Pkwy, Townsend, TN 37882
16-unit multifamily property near Great Smoky Mountains National Park.
Property Size8,940 SF
Price / SF$153.80
Days on Market197
Property Features for 7052 E Lamar Alexander Pkwy
General Information
Standard status
Active
Size
8,940 SF
Property subtype
Multifamily
Building Details
Building Size
8,940 SF
Year Built
1972
Listing Agency:
SVN I Wood Properties
Listed By:
Sheev Patel · License #TN # 356011
(865) 307-2398
Source:
Svn
Added: Mar 26
Changed: Oct 3
Last Checked: Oct 7 at 9:26AM
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 SVN I Wood Properties
Investment Insights
Based on property information with market context.
The Trailblazer is a 16-unit investment property located in Townsend, Tennessee, approximately 8 minutes from the entrance to the Great Smoky Mountain National Park. The property is also near Pigeon Forge and Gatlinburg, offering access to various attractions and activities. The property has been recently renovated and features new kitchenettes, fixtures, and furniture. Exterior updates include facade and landscaping improvements, as well as the addition of firepit areas and grills. The property, with a total size of 8940 square feet, could also be operated as a motel.
Key Highlights
- Prime location: Only 8 minutes from the entrance of the Great Smoky Mountain National Park.
- Recently renovated: Features brand‑new kitchenettes, fixtures, and furniture.
- Turn‑key property: Ready for immediate operation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,838
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,616,760
$1.6M
Cap Rate 7%
$1,154,829
$1.2M
Cap Rate 9%
$898,200
$898.2K
Market Conditions
NOI Build-Up for 8,940 SF
Gross rent
$157.7K $17.64/SF
− Vacancy
−$10.7K −$1.20/SF
EGI
$147.0K $16.44/SF
− OpEx
−$66.1K −$7.40/SF
NOI
$80.8K $9.04/SF
Area
Blount County, TN
Vacancy
6.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,616,760
Cap Rate 7%
$1,154,829
Cap Rate 9%
$898,200
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,838 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $251,945 @ 7.0% cap · market cap 18.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 37882, TN
3,061
Population
2,455
Households
1.2
Avg Household Size
58
Median Age
33%
College-Educated
93%
High-School Grad
183.8 sq mi
ZIP Area
17
Density / Sq Mi
$61,875
Median Household Income
$35,473
Median Earnings
$1,032
Median Rent
$292,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit multifamily property near Great Smoky Mountains National Park.
Where is this apartment building located?
The property is located at 7052 E Lamar Alexander Pkwy Townsend, TN.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Prime location: Only 8 minutes from the entrance of the Great Smoky Mountain National Park.; Recently renovated: Features brand‑new kitchenettes, fixtures, and furniture.; Turn‑key property: Ready for immediate operation.
