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    For Sale (32)

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    Cherokee Lake Lot with Boat Slip
    $90,000
    0.50 Acres

    Cherokee Lake Lot with Boat Slip

    0.50-acre lot with deeded boat slip and lake views.

    Windswept Way, Morristown, TN 37814
    View details
    Cherokee Lake View Lot
    $72,000
    0.54 Acres

    Cherokee Lake View Lot

    0.54-acre lot with lake views in gated community.

    Waterview Way, Morristown, TN 37814
    View details
    78+ Acres Prime Unrestricted Land
    $1,300,000
    78.90 Acres

    78+ Acres Prime Unrestricted Land

    78+ acres of unrestricted land, ideal for development or farming.

    5085 Old Kentucky Rd, Morristown, TN 37814
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    Grainger County Industrial Land
    $250,000
    8.95 Acres

    Grainger County Industrial Land

    8.95 acre commercial tract in established industrial park.

    Industrial Dr, Bean Station, TN 37708
    View details
    Grainger County Industrial Land
    $250,000
    8.95 Acres

    Grainger County Industrial Land

    8.95 acre commercial land in established industrial park.

    Industrial Dr, Bean Station, TN 37708
    View details
    Updated Duplex Investment Opportunity
    $319,000
    0.44 Acres

    Updated Duplex Investment Opportunity

    Well-maintained duplex with updates, income potential, and convenient location.

    114 Sequoyah Dr, Morristown, TN 37813
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    Cherokee Lake Lot with Boat Slip
    $99,000
    0.79 Acres

    Cherokee Lake Lot with Boat Slip

    0.79-acre lot with deeded boat slip in gated community.

    Ridgeline Ct, Morristown, TN 37814
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    Cherokee Lake Lot with Slip
    $99,000
    0.80 Acres

    Cherokee Lake Lot with Slip

    0.8-acre lot with deeded boat slip on Cherokee Lake.

    Ridgeline Ct, Morristown, TN 37814
    View details
    Lakefront Lot in Gated Community
    Contact for pricing
    1.53 Acres

    Lakefront Lot in Gated Community

    1.5+ acre lot with lake views and community docks.

    475 Bayside Blvd, Bean Station, TN 37708
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    Lakefront Lot in Gated Community
    $59,000
    0.69 Acres

    Lakefront Lot in Gated Community

    0.69 acre lot with lake views and community docks.

    Bayside Blvd, Bean Station, TN 37708
    View details
    Lakefront Lot in Gated Community
    Contact for pricing
    1.53 Acres

    Lakefront Lot in Gated Community

    1.5+ acre lot with lake views and community docks.

    475 Bayside Blvd, Bean Station, TN 37708
    View details
    Lakefront Lot in Gated Community
    $59,000
    0.69 Acres

    Lakefront Lot in Gated Community

    0.69 acre lot with lake views and community docks.

    Bayside Blvd, Bean Station, TN 37708
    View details
    Windswept Gated Community Land
    $175,000
    1.67 Acres

    Windswept Gated Community Land

    1.67 acres with deeded boat slip in Morristown, TN.

    Inlt Cv, Morristown, TN 37814
    View details
    78+ Acres Unrestricted Land
    $1,300,000
    78.90 Acres

    78+ Acres Unrestricted Land

    Prime unrestricted land with development potential in Morristown, Tennessee.

    5085 Old Kentucky Rd, Morristown, TN 37814
    View details
    Cherokee Lake Gated Lot
    $49,000
    0.67 Acres

    Cherokee Lake Gated Lot

    0.67-acre lot with lake views and community marina.

    Inlt Cv, Morristown, TN 37814
    View details
    Sevierville Mountain Lot Opportunity
    $54,900
    0.17 Acres

    Sevierville Mountain Lot Opportunity

    0.17+/- acre mountain lot near Dollywood and Pigeon Forge.

    Hideaway Ridge Cir, Sevierville, TN 37862
    View details
    Cherokee Lake View Lot
    $95,000
    0.82 Acres

    Cherokee Lake View Lot

    0.82-acre lot with lake views in gated community.

    2456 Starboard Crest Rd, Morristown, TN 37814
    View details
    Unrestricted Land Parcel in New Market
    $175,000
    5.20 Acres

    Unrestricted Land Parcel in New Market

    5.2-acre cleared land parcel ready for development.

    Whittle Rd, New Market, TN 37820
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    Unrestricted Land Parcel in New Market
    $175,000
    5.20 Acres

    Unrestricted Land Parcel in New Market

    5.2-acre cleared land parcel ready for development.

    Whittle Rd, New Market, TN 37820
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    Unrestricted Land Parcel For Sale
    $150,000
    5.20 Acres

    Unrestricted Land Parcel For Sale

    5.2 acre unrestricted land parcel ready for development.

    Whittle Rd, New Market, TN 37820
    View details
    Unrestricted Land Parcel in New Market
    $150,000
    5.20 Acres

    Unrestricted Land Parcel in New Market

    5.2-acre cleared land parcel ready for development.

    Whittle Rd, New Market, TN 37820
    View details
    Established Auto Parts Business
    $500,000
    2.09 Acres

    Established Auto Parts Business

    Turn-key auto parts business with significant upside potential on 2+ acres.

    2485 Newport Hwy, Morristown, TN 37813
    View details
    Bean Station Commercial Land Opportunity
    $250,000
    8.95 Acres

    Bean Station Commercial Land Opportunity

    8.95 acre commercial tract in Grainger County Industrial Park.

    Industrial Dr, Bean Station, TN 37708
    View details
    Grainger County Industrial Land Parcel
    $250,000
    8.95 Acres

    Grainger County Industrial Land Parcel

    8.95 acre commercial land in established industrial park.

    Industrial Dr, Bean Station, TN 37708
    View details
    Cherokee Lake View Lot
    $59,000
    0.56 Acres

    Cherokee Lake View Lot

    0.56-acre lot with lake views in gated community.

    Waterview Way, Morristown, TN 37814
    View details
    Windswept Development Lake View Lot
    $89,000
    0.70 Acres

    Windswept Development Lake View Lot

    0.7-acre lot with lake views in gated community.

    2338 Windswept Way, Morristown, TN 37814
    View details
    Cherokee Lake Gated Community Lot
    $109,000
    0.54 Acres

    Cherokee Lake Gated Community Lot

    0.5-acre lot with lake access and mountain views.

    Ridgeline Ct, Morristown, TN 37814
    View details
    Lakefront Lot in Windswept Development
    $200,000
    0.51 Acres

    Lakefront Lot in Windswept Development

    0. 5-acre lakefront lot with community marina access.

    2655 Serenity Sound, Morristown, TN 37814
    View details
    Lakefront Lot in Windswept Development
    $99,000
    0.55 Acres

    Lakefront Lot in Windswept Development

    0.55-acre lakefront lot with community marina access.

    2649 Serenity Sound, Morristown, TN 37814
    View details
    Cherokee Lake Gated Community Lot
    $49,000
    0.67 Acres

    Cherokee Lake Gated Community Lot

    0.67-acre lot with lake views and community marina access.

    Inlt Cv, Morristown, TN 37814
    View details
    Sevierville Mountain Lot Opportunity
    $54,900
    0.17 Acres

    Sevierville Mountain Lot Opportunity

    0.17+/- acre lot near Dollywood and Pigeon Forge.

    Hideaway Ridge Cir, Sevierville, TN 37876
    View details
    Prime Unrestricted Land in Morristown
    $1,300,000
    78.90 Acres

    Prime Unrestricted Land in Morristown

    78+ acres of unrestricted land, ideal for development.

    5085 Old Kentucky Rd, Morristown, TN 37814
    View details

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    Crye-Leike Lakeway West, REALTORS
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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, REALTORS
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