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    4573 Bluff City Hwy Bluff City, TN 37618

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    For Sale
    Contact for pricing

    14-Unit Income Property, Tennessee

    Property size:
    14,000 SF

    Property Features for 4573 Bluff City Hwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    14,000 SF
    Class
    C
    Lot Size
    196,020 SF

    Building Details

    Buildings
    14
    Stories
    1
    Units
    14

    We can help!

    Listing Contact
    Glenn A. Perkins
    Glenn A. Perkins

    Listing Agency: TCI Group-Jerry Petzoldt Agency LLC Listing Agent: Glenn A. Perkins

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

    Learn more

    Overview

    This exceptional investment opportunity presents a 14-unit mobile home park situated on a 4.5-acre lot in Bluff City, Tennessee. The property, located at 4573 Bluff City Hwy, boasts 14,000 square feet of space, with 14 buildings and 20 available pads, offering potential for expansion. Currently operating as a family park, it features 14 park-owned units, all with electric, water, and sewer utilities. The property is zoned commercial and offers significant upside potential due to years of consistent occupancy and the opportunity for rent increases. Two lots are currently vacant, and two more are used for storage. Conveniently located near the intersection of Lakeview Drive and Bristol Hwy/Hwy 11E, this property benefits from its proximity to Boone Lake and easy access to Bluff City. The asking price is $625,000, representing a price per square foot of $44.64. The property is held in fee simple and consists of two parcels (APN: 097 02500|2). Financial information is available to qualified buyers upon request and the submission of proof of funds. The seller requires proof of readily available funds up to the buyer's offering price. This includes, but is not limited to, bank statements, credit reports, or other financial records. The property is classified as Class C and is a net lease investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bluff City
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.27524733
    Latitude
    36.46720839

    Nearby Similar for Sale

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      Thriving Business Near Bristol Speedway

      Turnkey auto parts business opportunity with high visibility location.
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    • $1,000,000
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      Warehouse Near Bristol Motor Speedway

      18,520 SF warehouse on 3.31 acres near highway.
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    • $1,500,000
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      Thriving Auto Parts Business Opportunity

      Established auto parts business for sale near Bristol Motor Speedway.
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    FAQs

    What type of property is this?
    Multifamily property - 14-Unit Income Property, Tennessee
    Where is this multifamily property located?
    The property is located at 4573 Bluff City Hwy Bluff City, TN.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 14-unit mobile home park on a 4.5-acre lot in Bluff City, TN.; 14,000 square feet, 20 available pads, expansion potential.; 14 park-owned units, all with utilities; currently operating as a family park.
    (423) 230-0255 Call to check price and availability
    Request Owner's contact information
    4573 Bluff City Hwy Bluff City, TN 37618
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    Bluff City, TN 37618
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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
    4573 Bluff City Hwy Bluff City, TN 37618
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Glenn A. Perkins
    Glenn A. Perkins
    Real Estate License ID: 326486
    (423) 230-0255 (423) 956-5707
    Learn more
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