Commercial Real Estate Market in Watauga, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 27 off-market properties in Watauga, TN.
Market Trends
Watauga, TN spans 12.6 square miles in Carter County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Watauga, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Watauga, TN asks $297/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Watauga, TN runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Watauga, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 40.4%
- Residential 29.5%
- Agricultural 26.8%
- Commercial 3.3%
Largest Zones share of zoned land by district
Light Industrial
General Agriculture
Low Density Residential
Medium Density Residential
Neighborhood Business
Watauga, TN zones 577 acres across 6 districts. Commercial zoning covers 3.3% of zoned land, residential 29.5% and industrial 40.4%. The largest single district is Light Industrial at 40.4%. For commercial buyers the practical constraint is that only 43.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Watauga, TN has 1,766 residents in 840 households. Density runs 140 people per square mile. Median household income here is $60,125 and median gross rent $675 a month.
1,766
Population
840
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
12.6 sq mi
ZIP Area
140
Density / Sq Mi
$60,125
Median Household Income
$47,721
Median Earnings
$675
Median Rent
$166,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Piney Flats | — | — |
| Milligan | — | — |
| Elizabethton | — | $51.56 |
| Johnson City | — | $19.78 |
Commercial property in Watauga, TN asks $323/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Watauga?
Commercial property in Watauga, TN asks an average of $323 per square foot. Retail carries the highest asking price at $297/SF.
What zoning applies to commercial property in Watauga?
Watauga, TN zones 577 acres across 6 districts, of which 3.3% is commercial and 40.4% industrial. The largest single district is Light Industrial at 40.4% of zoned land. Residential zoning covers 29.5% and open space 0%.
Where does Realmo's Watauga market data come from?
Realmo compiles Watauga, TN figures from 2 active sale listings, 27 tracked off-market properties, the current Watauga zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Watauga, TN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 577 zoned acres across 6 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
