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    3614 Unicoi Dr Unicoi, TN 37692
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    3614 Unicoi Dr Unicoi, TN 37692

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    • Medical Office Space
    • 3,391 SF
    • 186.00 lot acres
    For Sale
    $399,000
    View Listing →
    Versatile Commercial Building in Unicoi For Sale
    $399,000
    2,821 SF

    Versatile Commercial Building in Unicoi

    2,800 sq ft commercial building on half acre lot.

    3614 Unicoi Drive, Unicoi, TN 37692
    View Listing
    Property ID
    US80-1391384
    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

    • Gary Lloyd / Physician
    • Debra Troutman / Physician
    • Mountain Medicine / Medical Clinic

    Property Details for 3614 Unicoi Dr

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    186.00 lot acres
    Property size
    3,391 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    086012E F 01200
    APU
    086012EF01200

    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
    Unicoi
    County
    Unicoi
    State
    Tennessee
    Longitude
    -82.3494
    Latitude
    36.1959
    CBSA code
    27740
    CBSA name
    JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $28,640
    $109,880
    $138,520
    -
    $71,600
    $274,700
    $346,300

    Comparable in this City

    • Value Estimation by Request
      5,005 SF

      4029 Unicoi Dr

      OFFICE (GENERAL) • 5,005 SF
      4029 Unicoi Dr, Unicoi, TN 37692-6852
      View Details
    • Value Estimation
      $1,935,000
      15,300 SF

      4400 Unicoi Dr

      OFFICE (GENERAL) • 15,300 SF
      4400 Unicoi Dr, Unicoi, TN 37692-6504
      View Details
    • Value Estimation by Request
      1.00 Acre

      Sciota Rd

      COMMERCIAL (GENERAL) • 1.00 Acre
      Sciota Rd, Unicoi, TN 37692
      View Details
    • Value Estimation by Request
      1,052 SF

      Lindsey Rd

      MOBILE HOME PARK, TRAILER PARK • 1,052 SF
      Lindsey Rd, Unicoi, TN 37692
      View Details
    • Value Estimation by Request
      5,928 SF

      3615 Unicoi Dr

      COMMERCIAL (GENERAL) • 5,928 SF
      3615 Unicoi Dr, Unicoi, TN 37692-6844
      View Details
    • Value Estimation
      $505,000
      5,400 SF

      Buffalo Rdg Dr

      COMMERCIAL (GENERAL) • 5,400 SF
      Buffalo Rdg Dr, Unicoi, TN 37692
      View Details

    Similar Nearby for Sale

    • $399,000
      2,821 SF

      Versatile Commercial Building in Unicoi

      2,800 sq ft commercial building on half acre lot.
      3614 Unicoi Dr, Unicoi, TN 37692
      View Details
    • Contact for pricing

      Residential Land with Mountain Views

      Land for site-built homes with underground utilities and mountain views.
      9 Mountain Laurel Ct, Unicoi, TN 37692
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    • Contact for pricing

      Residential Land with Mountain Views

      Land for site-built homes with underground utilities and mountain views.
      16 Mountain Laurel Ct, Unicoi, TN 37692
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    • Contact for pricing
      0.55 Acres

      Land in Growing Unicoi Area

      Sloping to level lot with road frontage in Unicoi.
      Ox Bow Rd, Unicoi, TN 37692
      View Details
    • $800,000
      1.00 Acre

      Unicoi Multifamily Investment Opportunity

      Five-unit apartment complex with strong rental potential in Unicoi, TN.
      175 Scenic Apartment Rd, Unicoi, TN 37692
      View Details
    • Contact for pricing
      0.73 Acres

      Land in Growing Unicoi Area

      Sloping to level lot in high-demand Unicoi, Tennessee.
      202 Ox Bow Ave, Unicoi, TN 37692
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      9,500 SF

      Versatile Commercial Property in Unicoi

      9,500+/- sq ft property ideal for daycare, office, or medical.
      551 Mocking Bird Ct, Unicoi, TN 37692
      View Details
    • Contact for pricing

      Renovated Office Space Available Soon

      Traditional office space available June 2024 in Unicoi, Tennessee.
      4400 Unicoi Dr, Unicoi, TN 37692
      View Details
    • $12 SF/Yr
      6,505 SF

      Renovated Office Space Available

      Newly renovated office space with flexible options in Unicoi, TN.
      4400 Unicoi Dr, Unicoi, TN 37692
      View Details
    View Listing
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    Unicoi, TN 37692
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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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