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Property profile & analytics
OFF-MARKET
Retail space

3915 Unicoi Dr Unicoi, TN 37692-6849

7,662 SF 124 ac lot Built 1973
Individually Owned 2-yr Hold Free & Clear
Property ID
US80-1701583
Property summary
AI-generated overview

This 0.23-acre commercial property at 3915 Unicoi Drive, Unicoi, TN 37692, presents a compelling investment opportunity. Currently configured as a retail space with two apartments (one occupied, one vacant but with flooring purchased), this versatile building offers multiple income streams. The main-level retail area boasts high visibility and foot traffic, while the upstairs apartments provide immediate and potential rental income. A substantial basement offers significant storage or the possibility of additional lease income to a tradesperson or similar. The property's layout allows for significant expansion and reconfiguration. The vacant apartment is ready for customization, and the entire building could be renovated to create several more apartments, maximizing rental income. Its location in a growing area with convenient access to major routes ensures strong tenant appeal and customer accessibility. This property is ideal for investors seeking to diversify their portfolio or entrepreneurs looking to establish a thriving business. The asking price is $265,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Construction WOOD
Total area 7,662 SF
Lot 124 ac (5,401,440 SF)
APN 086012E E 00800
UPID US80-1701583
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Robert Lee Rice · 2 yrs held
Robert Lee Rice
since 2024
2 recorded transactions
2024
$15,000
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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