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    94-Acre Tract on Winfield Dunn
    $17,299,000
    94.01 Acres

    94-Acre Tract on Winfield Dunn

    94-acre commercial land tract with frontage on Winfield Dunn Parkway.

    Winfield Dunn Pkwy, Kodak, TN 37764
    View details
    Sevierville Land with Owner Financing
    $115,999
    1.19 Acres

    Sevierville Land with Owner Financing

    1.19 acre lot in Homestead Community with owner financing.

    Jones Creek Ln, Sevierville, TN 37876
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    Land with Mountain Views
    $158,500
    3.60 Acres

    Land with Mountain Views

    3.6-acre property with mountain views, convenient to Knoxville and Maryville.

    O Happy Crk Rd, Seymour, TN 37865
    View details
    Sevierville Land with Wooded Surroundings
    $79,999
    4.01 Acres

    Sevierville Land with Wooded Surroundings

    4+ acre lot in The Homestead, ideal for building.

    Whetstone Rd, Sevierville, TN 37862
    View details
    Sevierville Land with River Access
    $115,000
    0.33 Acres

    Sevierville Land with River Access

    Residential lot with river access, boat ramp, and pavilion.

    39 Lot Tributary Dr, Sevierville, TN 37876
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    Residential Land in Gated Community
    $174,900
    0.26 Acres

    Residential Land in Gated Community

    Land for sale in gated lakefront community with amenities.

    Sanctuary Shores Way, Sevierville, TN 37876
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    Prime Commercial Land in Kodak
    $9,999,999
    56.00 Acres

    Prime Commercial Land in Kodak

    56.08 acres of commercially zoned land near major attractions.

    Mount Rd E, Kodak, TN 37764
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    Gatlinburg Land with Development Potential
    $1,090,000
    28.50 Acres

    Gatlinburg Land with Development Potential

    28.5 acres in Gatlinburg, TN, ideal for development.

    Mountain Dr, Gatlinburg, TN 37738
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    Expansive Dandridge Farm Opportunity
    $1,199,000
    82.10 Acres

    Expansive Dandridge Farm Opportunity

    82.1-acre farm in Dandridge, TN with pastureland and woods.

    830 Hillside Dr, Dandridge, TN 37725
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    Riverfront Development Tract in Sevierville
    $2,200,000
    6.95 Acres

    Riverfront Development Tract in Sevierville

    6.95-acre industrial-zoned land with river frontage near downtown Sevierville.

    1000 Old Knoxville Hwy, Sevierville, TN 37862
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    Riverfront Development Tract in Sevierville
    $2,200,000
    6.95 Acres

    Riverfront Development Tract in Sevierville

    6.95-acre riverfront development tract zoned for industrial use.

    1000 Old Knoxville Hwy, Sevierville, TN 37862
    View details
    Lakefront Peninsula on Douglas Lake
    $595,000
    5.97 Acres

    Lakefront Peninsula on Douglas Lake

    Luxurious lakefront peninsula with dock and stunning views.

    123 Belle Isle Dr, Sevierville, TN 37876
    View details

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    COLONIAL REAL ESTATE, INC
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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
    COLONIAL REAL ESTATE, INC
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