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    320 King Dr Harriman, TN 37748
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    Property profile & analytics

    320 King Dr, Harriman, TN 37748

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    • Residential income homes
    • 18,354 SF
    Off-Market
    Property ID
    US80-0525294
    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

    • Residential income homes

    Property Details for 320 King Dr

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a 21-unit multifamily portfolio situated in Harriman and Rockwood, Tennessee, within Roane County. The portfolio comprises a diverse mix of properties, including twelve single-family rental homes, three mobile homes, one duplex, one triplex, and a unique mixed-use building featuring a commercial basement and an upstairs apartment. The asking price is $2,600,000, translating to $141.66 per square foot and $123,809.52 per unit. The total square footage across all properties is 18,354. The portfolio boasts a strong performance history with a high occupancy rate, attributed to its strategic location near major employers and local retail establishments. Adding to its potential, the three mobile homes are situated on approximately 15 acres of land, presenting significant opportunities for future development and expansion of the rental units. This portfolio offers a compelling blend of immediate income generation and long-term growth potential, making it an attractive investment for discerning buyers seeking a diversified, high-performing asset in a desirable Tennessee market. The primary address is 320 King Dr, Harriman, TN 37748. The portfolio is classified as Class C. This is a turnkey opportunity to acquire a well-established rental portfolio with significant upside.

    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
    Harriman
    County
    Roane
    State
    Tennessee
    Longitude
    -84.5417475
    Latitude
    35.9435108

    Comparable in this City

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      Mixed-Use Investment in Harriman, TN

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    • $299,000
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      Well-Maintained Harriman Quadplex For Sale

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      9,072 SF

      Harriman Multifamily Investment Opportunity

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    • $375,000

      Harriman Warehouse on One Acre

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      Unrestricted Land in Harriman, TN

      19.7 acres of unrestricted land near shopping and stores.
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    Similar Nearby for Sale

    • $529,900
      4,144 SF

      Mixed-Use Investment in Harriman, TN

      Mixed-use property with commercial space and residential units in Harriman.
      512 N Roane St, Harriman, TN 37748
      View Details
    • $399,000
      3,796 SF

      Harriman, TN Four-Unit Apartment Building

      Well-maintained four-unit apartment building with long-term income potential.
      725 Chilhowee St, Harriman, TN 37748
      View Details
    • Contact for pricing
      9,072 SF

      Harriman Multifamily Investment Opportunity

      Multifamily property with 10 units in Harriman, Tennessee.
      435 Hillside Dr, Harriman, TN 37748
      View Details
    • $299,000
      1,760 SF

      Well-Maintained Harriman Quadplex For Sale

      Quadplex in Harriman, Tennessee, featuring vintage character and modern upgrades.
      811 Siluria St, Harriman, TN 37748
      View Details
    • $375,000

      Harriman Warehouse on One Acre

      One-acre warehouse lot near Roane State Highway in Harriman.
      198 Adkisson Rd, Harriman, TN 37748
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      0.48 Acres

      Wooded Lot Near Watts Bar

      0.48-acre wooded lot with resort-style amenities on Watts Bar Lake.
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    Similar Nearby for Lease

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      3,200 SF

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      24,070 SF

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      24,000 sq ft industrial/retail space near major interstates.
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    • $0.35 SF/Yr

      Flat Site with Small Pad

      Flat land site with a small pad available for rent.
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      1,700 SF

      Retail Space in Harriman Center

      1,200 SF retail space in Kroger/Lowe's Shopping Center.
      1832 Roane State Hwy, Harriman, TN 37748
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    Harriman, TN 37748
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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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