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    For Sale (28)

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    Unrestricted Land with Mountain Views
    $250,000
    17.52 Acres

    Unrestricted Land with Mountain Views

    17.52 acres of unrestricted land with amazing views.

    O Allen Chapel Rd, Parrottsville, TN 37843
    View details
    Waterfront Lot in Gated Community
    $48,000
    0.60 Acres

    Waterfront Lot in Gated Community

    Beautiful 0.6-acre lot with lake and mountain views.

    Inlt Cv, Morristown, TN 37814
    View details
    Residential Lot in Gated Community
    $48,000
    0.60 Acres

    Residential Lot in Gated Community

    Lot in Windswept on Cherokee Lake Subdivision with amenities.

    Inlt Cv, Morristown, TN 37814
    View details
    Tennessee Mountain Property with Acreage
    $427,500
    59.53 Acres

    Tennessee Mountain Property with Acreage

    59.53-acre Tennessee tract ideal for homesite, retreat, or investment.

    Thurman Rd, Newport, TN 37821
    View details
    Cherokee Lake Gated Community Land
    $50,000
    0.85 Acres

    Cherokee Lake Gated Community Land

    0.85-acre lot with lake and mountain views.

    2153 Edgewater Sound, Morristown, TN 37814
    View details
    Mountain Property with Building Sites
    $499,900
    41.67 Acres

    Mountain Property with Building Sites

    41.67 acres with mountain views and building potential.

    1 Bull Mountain Rd, Del Rio, TN 37727
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    Mountain Property with Building Sites
    $639,900
    53.36 Acres

    Mountain Property with Building Sites

    53.36 acres with mountain views and building potential.

    2 Bull Mountain Rd, Del Rio, TN 37727
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    Secluded Land with Utilities
    $80,000
    10.00 Acres

    Secluded Land with Utilities

    Private, unrestricted land with well, septic, and power on site.

    952 Stokes Vly Way, Parrottsville, TN 37843
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    Residential Land in Newport, TN
    $35,000
    0.53 Acres

    Residential Land in Newport, TN

    Building lot with utilities, close to interstate and highway.

    Blue Springs Way, Newport, TN 37821
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    Residential Land in Newport, TN
    $49,000
    1.80 Acres

    Residential Land in Newport, TN

    1.8 acre lot with utilities near I-40 and 411.

    Blue Springs Way, Newport, TN 37821
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    Land in Gated Lake Community
    $126,350
    2.06 Acres

    Land in Gated Lake Community

    Two acre residential lots in White Pine, Tennessee.

    lot 25&26 Sunset Blvd, White Pine, TN 37890
    View details
    Land in Cosby, Tennessee
    $37,000
    0.83 Acres

    Land in Cosby, Tennessee

    Unrestricted 0.83-acre lot with water meter and available electric.

    1115 Tranquility Hills Way, Cosby, TN 37722
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    Distribution Warehouse with Living Quarters
    $1,500,000
    10,800 SF

    Distribution Warehouse with Living Quarters

    Distribution warehouse with living quarters and prime road frontage.

    868 Hwy W, Newport, TN 37821
    View details
    Undeveloped Land in Bybee, TN
    $250,000
    30.46 Acres

    Undeveloped Land in Bybee, TN

    30.46 acres of sloped land with timber and wildlife.

    Glendale Rd, Bybee, TN 37713
    View details
    Level Lot Near Gatlinburg
    $125,000
    1.95 Acres

    Level Lot Near Gatlinburg

    Cleared 1.95-acre lot with utilities and mountain views.

    Robert E Lee Dr, Newport, TN 37821
    View details
    Unrestricted Land in Cosby, Tennessee
    $180,000
    6.39 Acres

    Unrestricted Land in Cosby, Tennessee

    6.39 acres of unrestricted land with creek in Cosby.

    1120 Yellow Springs Rd, Cosby, TN 37722
    View details
    Cosby, TN Land with Creek
    $79,900
    1.29 Acres

    Cosby, TN Land with Creek

    1.29 acres perfect for vacation cottage or camper.

    805 Bogard Creek Rd, Cosby, TN 37722
    View details
    Unrestricted Land with Mountain Views
    $250,000
    17.52 Acres

    Unrestricted Land with Mountain Views

    17.52 acres in Parrottsville with barn and utilities.

    Allen Chapel Rd, Parrottsville, TN 37843
    View details
    Residential Land in Dandridge, TN
    Contact for pricing
    0.84 Acres

    Residential Land in Dandridge, TN

    Building lot with easy access and short drive to Sevierville.

    Collier Loop, Dandridge, TN 37725
    View details
    Newport, TN Cleared Land
    $95,000
    2.30 Acres

    Newport, TN Cleared Land

    Cleared 2.3-acre lot in quiet Newport neighborhood.

    37-34 Robert E Lee Dr, Newport, TN 37821
    View details
    Residential Land with Mountain Views
    $150,000
    5.01 Acres

    Residential Land with Mountain Views

    5-acre residential lot in gated subdivision with mountain views.

    Trentham Rd, Newport, TN 37821
    View details
    Land in Private Lake Neighborhood
    Contact for pricing
    1.43 Acres

    Land in Private Lake Neighborhood

    1.43 acre wooded lot with lake views in Speedwell.

    Saddle Ridge Dr, Speedwell, TN 37870
    View details
    Unrestricted Land Near Newport
    $119,000
    7.78 Acres

    Unrestricted Land Near Newport

    7+ acre unrestricted land parcel near Newport, Tennessee.

    Chickory Rd, Newport, TN 37821
    View details
    Residential Land in Private Community
    Contact for pricing
    1.43 Acres

    Residential Land in Private Community

    Wooded 1.43-acre lot in Speedwell, TN, with lake access.

    Saddle Ridge Dr, Speedwell, TN 37870
    View details
    Residential Lot in Gated Community
    Contact for pricing
    0.19 Acres

    Residential Lot in Gated Community

    Building lot in gated community overlooking Douglas Lake.

    Lakeshore Way, Newport, TN 37821
    View details
    Dandridge, TN Building Lot
    Contact for pricing
    0.84 Acres

    Dandridge, TN Building Lot

    Level building lot near Sevierville and Newport.

    Collier Loop, Dandridge, TN 37725
    View details
    Cosby, TN Land with Creek
    $79,000
    1.29 Acres

    Cosby, TN Land with Creek

    1.29 acres with creek access, ideal for vacation cottage.

    805 Bogard Creek Rd, Cosby, TN 37722
    View details
    Versatile Commercial Property with Warehouse
    $1,500,000
    12,660 SF

    Versatile Commercial Property with Warehouse

    Distribution warehouse with living quarters and high visibility.

    868 Highway 25 70, Newport, TN 37821
    View details

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    Askew Realty Group
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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
    Askew Realty Group
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