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    For Sale (40)

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    Morristown Commercial Property for Sale
    $140,000
    1.86 Acres

    Morristown Commercial Property for Sale

    Commercial property suitable for various uses in Morristown, Tennessee.

    1815 Country Club Dr, Morristown, TN 37814
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    Residential Lot in White Pine
    Contact for pricing
    0.40 Acres

    Residential Lot in White Pine

    Residential lot with utilities available near Douglas Lake.

    Rebel Pl, White Pine, TN 37890
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    Residential Land with Mountain Views
    $90,000
    0.64 Acres

    Residential Land with Mountain Views

    Residential land in Pine Meadows, White Pine, with mountain views.

    Pne Mdws Dr, White Pine, TN 37890
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    Residential Land with Mountain Views
    $71,000
    0.96 Acres

    Residential Land with Mountain Views

    Residential land in White Pine, TN, with mountain views.

    Mdw Vis Way, White Pine, TN 37890
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    Morristown Office Building For Sale
    $499,000
    4,764 SF

    Morristown Office Building For Sale

    Spacious office building in the heart of Morristown, Tennessee.

    217 Western Ave, Morristown, TN 37814
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    Unrestricted 20 Acres in Rogersville
    $234,900
    20.00 Acres

    Unrestricted 20 Acres in Rogersville

    Secluded 20-acre lot with seasonal mountain views.

    Manis Rd, Rogersville, TN 37857
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    Talbott Land: Prime Commercial Opportunity
    $699,999
    3.30 Acres

    Talbott Land: Prime Commercial Opportunity

    3.3 acres of commercial land with high traffic exposure.

    7350 W Andrew Johnson Hwy, Talbott, TN 37877
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    Residential Land with Mountain Views
    $99,900
    1.33 Acres

    Residential Land with Mountain Views

    Residential land in White Pine, TN, with mountain views.

    Vis Rdg Dr, White Pine, TN 37890
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    Residential Land with Mountain Views
    $80,500
    0.70 Acres

    Residential Land with Mountain Views

    Residential land in White Pine, TN, with mountain views.

    Mdw Vis Way, White Pine, TN 37890
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    Residential Land with Mountain Views
    $71,000
    0.71 Acres

    Residential Land with Mountain Views

    Residential land in Pine Meadows with mountain views and utilities.

    Mdw Vis Way, White Pine, TN 37890
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    Highway 11E Commercial Opportunity
    $439,000
    4,305 SF

    Highway 11E Commercial Opportunity

    4,305 sq ft office with apartment on 0.79 acres.

    1171 E Hwy 11E E, Jefferson City, TN 37760
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    Harrogate Land Near LMU
    $48,250
    1.76 Acres

    Harrogate Land Near LMU

    1.76 acres near LMU with mountain views.

    Kent Rd, Harrogate, TN 37752
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    Dandridge, TN Land Parcel
    $85,000
    5.02 Acres

    Dandridge, TN Land Parcel

    5.02 acre land parcel in Dandridge, Tennessee.

    1470 Cedar School Rd, Dandridge, TN 37725
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    Pasture and Wooded Land Parcel
    $1,200,000
    56.34 Acres

    Pasture and Wooded Land Parcel

    56.34 acres in Hamblen County with countryside views.

    Collinson Ford Rd, Morristown, TN 37814
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    Residential Land in Dandridge, TN
    $33,000
    0.98 Acres

    Residential Land in Dandridge, TN

    Spacious lot in Deerfield Park, convenient location, utilities available.

    Antler Rdg, Dandridge, TN 37725
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    Ridge Top Lot with Lake View
    Contact for pricing
    1.18 Acres

    Ridge Top Lot with Lake View

    1.179 acre lot with lake views in gated community.

    155 Chelaque Way, Mooresburg, TN 37811
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    Land with Existing Barn
    $99,999
    1.14 Acres

    Land with Existing Barn

    Land for sale featuring a barn in Morristown, TN.

    2951 Cherokee Dr, Morristown, TN 37814
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    Residential Land Near Cherokee Lake
    $69,900
    0.97 Acres

    Residential Land Near Cherokee Lake

    Homesite near Cherokee Lake in Rutledge, Tennessee.

    Mallard Baye, Rutledge, TN 37861
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    Mosheim, TN Wooded Acreage
    $139,900
    13.50 Acres

    Mosheim, TN Wooded Acreage

    13.5 wooded acres bordering Lick Creek in Mosheim, TN.

    W C Kite Ln, Mosheim, TN 37818
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    Talbott, TN Building Lot
    $48,500
    0.76 Acres

    Talbott, TN Building Lot

    0.76 acre building lot near Cherokee Lake.

    Lebanon Church Rd, Talbott, TN 37877
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    Unrestricted Land in Bulls Gap
    $229,900
    13.00 Acres

    Unrestricted Land in Bulls Gap

    13 acres in Bulls Gap, TN, suitable for residential/agricultural use.

    Marvin Rd, Bulls Gap, TN 37711
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    Talbott, TN Lakefront Lot
    $138,500
    0.38 Acres

    Talbott, TN Lakefront Lot

    Lakefront lot in Hamblen County, build your dream home.

    2327 Boat Dock Rd, Talbott, TN 37877
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    Residential Land with Mountain Views
    $95,000
    0.74 Acres

    Residential Land with Mountain Views

    Residential land in Pine Meadows with mountain views and utilities.

    Mdw Vis Way, White Pine, TN 37890
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    85 Acres Unrestricted Land
    $269,900
    85.28 Acres

    85 Acres Unrestricted Land

    85 acres of unrestricted land with stream near Cherokee Lake.

    Clouds Crk Rd, Rogersville, TN 37857
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    Maynardville Land Near Norris Lake
    $79,900
    0.89 Acres

    Maynardville Land Near Norris Lake

    Land in Union County near seasonal water of Norris Lake.

    Waterfront Knl, Maynardville, TN 37807
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    Residential Lot with Lake Views
    $139,900
    0.81 Acres

    Residential Lot with Lake Views

    0.81-acre residential lot in Windswept, Morristown, TN.

    2159 Edgewater Sound, Morristown, TN 37814
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    Residential Lot in Morristown, TN
    Contact for pricing
    0.49 Acres

    Residential Lot in Morristown, TN

    0.49 acre building lot near amenities in East Morristown.

    1134 Shannons Little Mtn Rd, Morristown, TN 37814
    View details
    Harrogate Land Near LMU
    $69,000
    2.70 Acres

    Harrogate Land Near LMU

    2.7 acres in Harrogate, convenient location near LMU.

    Kent Rd, Harrogate, TN 37752
    View details
    Waterfront Lot in Gated Community
    $73,400
    0.71 Acres

    Waterfront Lot in Gated Community

    Residential land in a gated waterfront community on Cherokee Lake.

    Inlt Cv, Morristown, TN 37814
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    85 Acres Unrestricted Land Rogersville
    $269,900
    85.23 Acres

    85 Acres Unrestricted Land Rogersville

    85 acres of unrestricted land with stream near Cherokee Lake.

    Clouds Crk Rd, Rogersville, TN 37857
    View details
    Land on Chapman Highway
    $114,500
    1.90 Acres

    Land on Chapman Highway

    Almost 2 acres with utilities in Seymour, Tennessee.

    12713 Chapman Hwy, Seymour, TN 37865
    View details
    Residential Land with Lake View
    $60,000
    1.43 Acres

    Residential Land with Lake View

    1.43 acre residential lot with lake view in Bean Station.

    Rhondas Way, Bean Station, TN 37708
    View details
    Lakeview Property in Russellville, TN
    $42,900
    0.45 Acres

    Lakeview Property in Russellville, TN

    Lakeview property in a premier lakefront subdivision on Cherokee Lake.

    2072 Turners Landing Rd, Russellville, TN 37860
    View details
    Land Near Norris Lake Access
    Contact for pricing
    3.09 Acres

    Land Near Norris Lake Access

    3+ acre residential land with Norris Lake access.

    522 Whistle Valley Rd, New Tazewell, TN 37825
    View details
    Land in Morristown, Tennessee
    $109,999
    1.11 Acres

    Land in Morristown, Tennessee

    Vacant land suitable for stick-built or double wide homes.

    2945 Cherokee Dr, Morristown, TN 37814
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    Waterfront Lot in Gated Community
    $64,900
    0.90 Acres

    Waterfront Lot in Gated Community

    Building lot with lake views and community boat dock.

    Bayside Blvd, Bean Station, TN 37708
    View details
    Rogersville Land Near Holston River
    $49,000
    0.83 Acres

    Rogersville Land Near Holston River

    Two lots totaling 0.83 acres near Holston River.

    Eagle Crest Dr, Rogersville, TN 37857
    View details
    Residential Land with Mountain Views
    $99,900
    0.91 Acres

    Residential Land with Mountain Views

    Residential land in Pine Meadows with mountain views and utilities.

    Vis Rdg Dr, White Pine, TN 37890
    View details
    Residential Lot in Established Neighborhood
    $49,900
    0.56 Acres

    Residential Lot in Established Neighborhood

    0.56-acre lot ready to build your dream home.

    4095 Eagles Nest Dr, Morristown, TN 37813
    View details
    Talbott, TN Rental Property
    $329,900
    0.69 Acres

    Talbott, TN Rental Property

    Rental property in West Hamblen County.

    230 Greenbriar Rd, Talbott, TN 37877
    View details

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    Crye-Leike Lakeway West
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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
    Crye-Leike Lakeway West
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