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    For Sale (27)

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    Unrestricted Land Near French Broad
    $80,000
    2.55 Acres

    Unrestricted Land Near French Broad

    2.81 acres of unrestricted land in White Pine, Tennessee.

    Brethren Church Rd, White Pine, TN 37890
    View details
    6 Acres of Land in Wills Point
    $150,000
    6.00 Acres

    6 Acres of Land in Wills Point

    6 acres of land perfect for building your dream home.

    3415 Vz County Rd Rd, Wills Point, TX 75169
    View details
    Residential Lot in Easley Estates
    $30,000
    0.73 Acres

    Residential Lot in Easley Estates

    0.73-acre lot in established neighborhood, build your dream home.

    Pond Springs Rd W, Kingsport, TN 37664
    View details
    Wills Point Acreage with Pond
    $286,800
    12.00 Acres

    Wills Point Acreage with Pond

    12-acre tract with pond near Wills Point, Texas.

    Tbd Vz County Rd 3417, Wills Point, TX 75169
    View details
    28 Acres Near Lake Tawakoni
    $308,000
    28.00 Acres

    28 Acres Near Lake Tawakoni

    28-acre property with ponds and pasture near Lake Tawakoni.

    Tbd Vz County Rd 3821, Wills Point, TX 75169
    View details
    Kingsport, TN Corner Lot
    Contact for pricing
    0.40 Acres

    Kingsport, TN Corner Lot

    Corner lot in Easley Estates, ideal for building a home.

    Easley Dr, Kingsport, TN 37664
    View details
    Residential Lot Near Boone Lake
    Contact for pricing
    0.20 Acres

    Residential Lot Near Boone Lake

    Wooded lot in Bluff City, minutes from Boone Lake.

    Highland Cir, Bluff City, TN 37618
    View details
    Residential Land in Bristol, TN
    Contact for pricing
    0.50 Acres

    Residential Land in Bristol, TN

    Wooded lot in established neighborhood, ideal for building a home.

    302 Martindale Rd, Bristol, TN 37620
    View details
    1.54 Acre Homesite Near Lake
    $99,900
    1.54 Acres

    1.54 Acre Homesite Near Lake

    Private homesite near Lake Tawakoni and State Park.

    Tbd Vz County Rd 3810, Wills Point, TX 75169
    View details
    Land with Horse Barn and Ponds
    $150,000
    8.00 Acres

    Land with Horse Barn and Ponds

    8-acre tract with horse barn, ponds, and utilities in place.

    Tbd Cr 348, Wills Point, TX 75169
    View details
    Prime Commercial Land on Highway
    $550,000
    11.00 Acres

    Prime Commercial Land on Highway

    11 acres of commercial land in growing Church Hill, TN.

    Hwy 11w, Church Hill, TN 37642
    View details
    Lake View Acreage in Rogersville
    $89,900
    1.00 Acre

    Lake View Acreage in Rogersville

    One acre residential lot with lake and mountain views.

    Misty View Cir, Rogersville, TN 37857
    View details
    Historic Downtown Restaurant with Potential
    $599,900
    0.07 Acres

    Historic Downtown Restaurant with Potential

    Iconic restaurant property in Wills Point's Historic Downtown.

    124 North Commerce St, Wills Point, TX 75169
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    Lake Tawakoni Land Opportunity
    $60,000
    0.81 Acres

    Lake Tawakoni Land Opportunity

    Unimproved land near Lake Tawakoni State Park. Build your dream home!

    Tbd Vz County Rd 3718, Wills Point, TX 75169
    View details
    Wooded Lot in Easley Estates
    Contact for pricing
    0.39 Acres

    Wooded Lot in Easley Estates

    Heavily wooded lot in a desirable Kingsport subdivision.

    Argonne St, Kingsport, TN 37664
    View details
    Mascot, TN - 18-Acre Farm
    $450,000
    18.37 Acres

    Mascot, TN - 18-Acre Farm

    Nearly 18-acre farm with pastures, creeks, barn, and shed.

    2733 Shipe Rd, Mascot, TN 37806
    View details
    Secluded Wooded Lot in Kingsport
    Contact for pricing
    0.38 Acres

    Secluded Wooded Lot in Kingsport

    Wooded lot in Easley Estates, offering privacy and natural beauty.

    Pond Springs Rd W, Kingsport, TN 37664
    View details
    Secluded Lot in Easley Estates
    $50,000
    1.70 Acres

    Secluded Lot in Easley Estates

    1.7-acre lot in Easley Estates, Kingsport, TN, ready for custom home.

    Raven Cir, Kingsport, TN 37664
    View details
    Unrestricted Land Near I-20
    $164,900
    8.50 Acres

    Unrestricted Land Near I-20

    8.5 acres of unrestricted land with easy I-20 access.

    Tbd Vz County Rd 3908, Wills Point, TX 75169
    View details
    Knoxville Land with Lake Access
    $189,995
    1.96 Acres

    Knoxville Land with Lake Access

    Lake-access lot in West Knoxville's desirable Choto area.

    2029 Duck Cove Dr, Knoxville, TN 37922
    View details
    East Texas Farm and Ranch
    $2,500,000
    1,508 SF

    East Texas Farm and Ranch

    175.2-acre farm/ranch with home, ponds, and outbuildings.

    10761 County Road 348, Wills Point, TX 75169
    View details
    2.65 Acres of Unimproved Land
    $125,000
    2.65 Acres

    2.65 Acres of Unimproved Land

    2.65-acre tract in Terrell, TX, with light restrictions.

    Tbd Sue Ann Ln, Terrell, TX 75161
    View details
    Residential Land Near Golf Course
    $160,000
    1.40 Acres

    Residential Land Near Golf Course

    1.4-acre residential lot with mountain and golf course views.

    309 Golf Ridge Dr, Kingsport, TN 37664
    View details
    Residential Land in Bristol, TN
    $36,000
    0.42 Acres

    Residential Land in Bristol, TN

    Cleared 0.418-acre lot ready for a future home site.

    544 Oakwood St, Bristol, TN 37620
    View details
    Unrestricted Land with Creek Views
    $430,000
    19.04 Acres

    Unrestricted Land with Creek Views

    19.04 acres of unrestricted land with creek and utilities.

    2131 Hiwassee Rd, Sweetwater, TN 37874
    View details
    Historic Majestic Theater For Sale
    $275,000
    5,750 SF

    Historic Majestic Theater For Sale

    Unique theater venue in downtown Wills Point, Texas.

    126 North Commerce St, Wills Point, TX 75169
    View details
    Highway Frontage Former Gas Station
    $675,000
    5,126 SF

    Highway Frontage Former Gas Station

    High-traffic location with endless possibilities on 1.5 acres.

    24700 State Highway 64, Canton, TX 75103
    View details

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    Century 21 Legacy
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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
    Century 21 Legacy
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