Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6362 Maynardville Hwy Maynardville, TN 37807

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6362 Maynardville Hwy Maynardville, TN 37807

    View on Map
    • Apartment buildings
    • 3,756 SF
    • 2.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6362 Maynardville Hwy

    Year built
    1974
    Lot size
    2.07 lot acres
    Property size
    3,756 SF
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents a 10-unit apartment building situated on a spacious 2.07-acre lot in Maynardville, Tennessee. The property, located at 6362 Maynardville Hwy, 37807, boasts a total of 3,756 square feet and features a single-story design built in 1974. Currently configured as a 5-unit apartment complex, the property also includes two houses and three trailer rental properties, providing diverse income streams. Further enhancing its profitability is a coin-operated laundry facility and five self-storage units, catering to tenant needs and generating additional revenue. The asking price is $1,100,000, translating to $110,000 per unit and a price per square foot of $292.86. The property's projected net operating income (NOI) exceeds $100,000, resulting in a pro-forma capitalization rate of 9.09%. This multifamily investment offers a compelling combination of established rental income, supplementary revenue streams, and significant potential for future growth. The property's location in Maynardville, Tennessee provides access to a stable rental market. This turnkey investment is ideal for those seeking a strong return on investment in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Maynardville
    County
    Union
    State
    Tennessee
    Longitude
    -83.7522
    Latitude
    36.3166

    Comparable in this City

    • Value Estimation by Request
      2.10 Acres

      519 Luttrell Rd Lot, Unit 11

      MOBILE HOME PARK, TRAILER PARK • 2.10 Acres
      519 Luttrell Rd Lot, Maynardville, TN 37807-3836
      View Details
    • Value Estimation by Request
      0.50 Acres

      305 Beard Vly Rd

      MOBILE HOME PARK, TRAILER PARK • 0.50 Acres
      305 Beard Vly Rd, Maynardville, TN 37807-2847
      View Details
    • Value Estimation by Request
      1.75 Acres

      102 Lays Ln

      MOBILE HOME PARK, TRAILER PARK • 1.75 Acres
      102 Lays Ln, Maynardville, TN 37807-2428
      View Details
    • Value Estimation by Request
      3.05 Acres

      262 Beard Vly Rd

      MOBILE HOME PARK, TRAILER PARK • 3.05 Acres
      262 Beard Vly Rd, Maynardville, TN 37807-2884
      View Details
    • Value Estimation by Request
      2.79 Acres

      1385 Main St

      MOBILE HOME PARK, TRAILER PARK • 2.79 Acres
      1385 Main St, Maynardville, TN 37807-3645
      View Details
    • Value Estimation by Request
      4.89 Acres

      9365 Graves Rd

      MOBILE HOME PARK, TRAILER PARK • 4.89 Acres
      9365 Graves Rd, Maynardville, TN 37807-2765
      View Details

    Similar Nearby for Sale

    • $749,300
      3,696 SF

      Spacious Maynardville Multifamily Property

      Multifamily property featuring a house, rental home, and outbuildings.
      668 Raccoon Valley Rd, Maynardville, TN 37807
      View Details
    • $5,500,000
      98.62 Acres

      Norris Lake View Acreage

      98.62 acres with lake views and development potential.
      6485 Maynardville Hwy, Maynardville, TN 37807
      View Details
    • $179,900
      0.60 Acres

      Norris Lakefront Lot For Sale

      Lakefront lot with main channel frontage and minimal building restrictions.
      Tumbling Run Rd, Maynardville, TN 37807
      View Details
    • $129,900
      2.18 Acres

      Residential Land Near Norris Lake

      2.18-acre lot with lake access and community amenities.
      35 Hickory Pointe Ln, Maynardville, TN 37807
      View Details
    • $359,000

      Highway Frontage Development Opportunity

      1.58-acre tract with high visibility and development potential.
      1515 Main St, Maynardville, TN 37807
      View Details
    • $299,900
      30.00 Acres

      30 Acres of Versatile Land

      Land with open space and natural privacy in Maynardville, TN.
      Kettle Hollow Rd, Maynardville, TN 37807
      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.
    6362 Maynardville Hwy
    Maynardville, TN 37807
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!