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    11464 Scott Hwy Helenwood, TN 37755
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    11464 Scott Hwy, Helenwood, TN 37755

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    • Grocery and convenience stores
    • 10,500 SF
    For Sale
    $1,943,283
    View Listing →
    New Family Dollar Store Investment For Sale
    $1,943,283

    New Family Dollar Store Investment

    Recently built Family Dollar store on 1.31-acre parcel in Helenwood.

    11464 Scott Highway, Helenwood, TN 37755
    View Listing
    Property ID
    US80-2154298
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 11464 Scott Hwy

    Year built
    2023
    Property type
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a 10,500-square-foot, single-tenant grocery store in Helenwood, Tennessee. Located at 11464 Scott Hwy, this property boasts a strong 6.70% cap rate and a compelling asking price of $1,943,283.58 ($185.07/sq ft). The property, built in 2023, is currently 100% occupied under a 10-year NNN lease (commencing October 26, 2023, and expiring October 31, 2033), leaving a substantial 9-year remaining lease term. Situated at the intersection of Scott Hwy and State Route 297/Baker Hwy, this location benefits from excellent visibility and accessibility. Helenwood's strategic location in Scott County, near Kentucky and North Carolina, and its proximity to major cities like Knoxville, Nashville, and Lexington, KY, contributes to a robust local economy. The area is further enhanced by the presence of significant employers such as Barna Log Homes, Armstrong Wood flooring, Great Dane Trailers, and Tennier Industries, ensuring a stable tenant base. The Big South Fork National River and Recreation Area, a popular tourist destination, adds to the area's appeal. This single-story building offers a secure, long-term investment with significant potential for future appreciation. The property's strong tenant, favorable lease terms, and high cap rate make it an attractive addition to any portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Helenwood
    County
    Scott
    State
    Tennessee
    Longitude
    -84.537763
    Latitude
    36.4098045

    Comparable in this City

    • $1,943,283

      New Family Dollar Store Investment

      Recently built Family Dollar store on 1.31-acre parcel in Helenwood.
      11464 Scott Hwy, Helenwood, TN 37755
      View Details
    • $459,000
      152.00 Acres

      152 Acres Near Highway 27

      152-acre property suitable for farming, located near Highway 27.
      069 145.00 Letner Rd, Helenwood, TN 37755
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    • $249,000
      69.00 Acres

      69 Acres in Helenwood, TN

      Land with pond, road system, and potential uses.
      899 Morning Glory Holw Rd, Helenwood, TN 37755
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    • $98,000
      2.50 Acres

      2.5 Acre Land in Helenwood

      2.5 acre property suitable for residential or commercial use.
      Scott Hwy, Helenwood, TN 37755
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    • $119,000
      3.31 Acres

      Land with Pond Near Oneida

      3.31 acres with pond, convenient to Oneida, Big South Fork.
      2036 Helenwood Detour Rd, Helenwood, TN 37755
      View Details
    • $265,000
      13.50 Acres

      Helenwood, TN Acreage For Sale

      13.5+/- acre tract in Helenwood, TN with highway frontage.
      Scott Hwy, Helenwood, TN 37755
      View Details

    Similar Nearby for Sale

    • $1,943,283

      New Family Dollar Store Investment

      Recently built Family Dollar store on 1.31-acre parcel in Helenwood.
      11464 Scott Hwy, Helenwood, TN 37755
      View Details
    • $459,000
      152.00 Acres

      152 Acres Near Highway 27

      152-acre property suitable for farming, located near Highway 27.
      069 145.00 Letner Rd, Helenwood, TN 37755
      View Details
    • $249,000
      69.00 Acres

      69 Acres in Helenwood, TN

      Land with pond, road system, and potential uses.
      899 Morning Glory Holw Rd, Helenwood, TN 37755
      View Details
    • $98,000
      2.50 Acres

      2.5 Acre Land in Helenwood

      2.5 acre property suitable for residential or commercial use.
      Scott Hwy, Helenwood, TN 37755
      View Details
    • $119,000
      3.31 Acres

      Land with Pond Near Oneida

      3.31 acres with pond, convenient to Oneida, Big South Fork.
      2036 Helenwood Detour Rd, Helenwood, TN 37755
      View Details
    • $265,000
      13.50 Acres

      Helenwood, TN Acreage For Sale

      13.5+/- acre tract in Helenwood, TN with highway frontage.
      Scott Hwy, Helenwood, TN 37755
      View Details
    View Listing
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    Helenwood, TN 37755
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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
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