Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    401 Broadway St Lenoir City, TN 37771
    Property profile & analytics

    401 Broadway St, Lenoir City, TN 37771

    View on Map
    • Apartment buildings
    • 2,386 SF
    • 0.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 401 Broadway St

    Year built
    1940
    Lot size
    0.16 lot acres
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents a meticulously maintained multifamily property located at 401 W Broadway St, Lenoir City, Tennessee, 37771. The property consists of two buildings situated on a 0.16-acre lot, zoned C-3. Built in 1940, the property features a total of 2,386 square feet across four units and two stories. The complex includes a well-maintained triplex and a separate house. The triplex comprises three distinct units: one spacious 3-bedroom, 2-bathroom unit

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.2693
    Latitude
    35.7891

    Comparable in this City

    • Value Estimation by Request

      Tn

      Farms
      0 Tn, Lenoir City, TN 37771
      View Details
    • Value Estimation by Request
      0.17 Acres

      Broadway

      COMMERCIAL (GENERAL)
      Broadway, Lenoir City, TN 37771
      View Details
    • Value Estimation by Request
      0.17 Acres

      Broadway

      VACANT COMMERCIAL LAND
      Broadway, Lenoir City, TN 37771
      View Details
    • Value Estimation by Request
      0.48 Acres

      500 Broadway St

      VACANT COMMERCIAL LAND
      500 Broadway St, Lenoir City, TN 37771-2805
      View Details
    • Value Estimation by Request
      0.08 Acres

      200 Broadway St

      VACANT COMMERCIAL LAND
      200 Broadway St, Lenoir City, TN 37771-2910
      View Details
    • Value Estimation by Request
      0.15 Acres

      503 Broadway St

      VACANT COMMERCIAL LAND
      503 Broadway St, Lenoir City, TN 37771-2806
      View Details

    Similar Nearby for Sale

    • New
      $600,000
      2,475 SF

      Brand-New Triplex Property

      Newly constructed three-unit triplex with 2-bedroom, 2-bath layouts, stainless appliances, and private decks—one unit vacant.
      701 N F St, Lenoir City, TN 37771
      View Details
    • $325,000
      5.00 Acres

      5-Acre Lot in Gated Community

      Private 5-acre lot in a convenient, gated community.
      675 Travellers Way, Lenoir City, TN 37771
      View Details
    • $1,625,000
      Pending

      Commercial Land Near Interstate 40

      5 acres of commercial land near Interstate 40 and Highway 321.
      Highway 321, Lenoir City, TN 37771
      View Details
    • Contact for pricing
      1,670 SF

      Lenoir City Office Investment Opportunity

      Recently renovated office space occupied by long-term tenants.
      1015 E 1St Ave, Lenoir City, TN 37771
      View Details
    • $299,000
      4.48 Acres

      Residential Land Near Watts Bar

      4.48 acre residential land near I-75 and Watts Bar.
      420 Wood Duck Ln, Lenoir City, TN 37771
      View Details
    • New
      $750,000
      8.73 Acres

      Commercial Development Land with Highway Access

      Versatile acreage with highway road frontage, on-site utilities, and zoning flexibility for commercial or residential projects.
      Highway 321 N, Lenoir City, TN 37771
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      New Construction Warehouse with Visibility

      New construction warehouse with I-40 visibility, 25 minutes from Knoxville.
      Buttermilk Rd, Lenoir City, TN 37771
      View Details
    • Contact for pricing
      2,080 SF

      Lenoir City Retail Space Available

      2080 SF retail space in grocery-anchored Lenoir City location.
      875 Highway 321 N, Lenoir City, TN 37771
      View Details
    • Contact for pricing
      2,310 SF

      Flex Office/Warehouse Space Available

      2300 SF flex space with lock-off warehouse and office.
      501 Adesa Blvd, Lenoir City, TN 37771
      View Details
    • Contact for pricing

      Distribution Centers in Roane County

      Two Class A distribution centers totaling 431,378 square feet.
      128 Pawnook Farm Rd, Lenoir City, TN 37771
      View Details
    Request Owner's contact information
    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.
    401 Broadway St
    Lenoir City, TN 37771
    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
    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

    Thank You for Inquiry
    401 Broadway St, Lenoir City, TN, 37771
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!