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    For Sale (16)

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    30 Acres on Dumplin Creek
    $749,900
    30.00 Acres

    30 Acres on Dumplin Creek

    30.33 acres on Dumplin Creek, minutes from I-40.

    792 Rh Ellis Rd, Dandridge, TN 37725
    View details
    Residential Land in Jefferson City
    $69,700
    1.38 Acres

    Residential Land in Jefferson City

    1.38 acre residential lot ready for your dream home.

    Kaylee Dr, Jefferson City, TN 37760
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    New Market Land For Sale
    $649,900
    47.21 Acres

    New Market Land For Sale

    47.21 acres near I-40, Sevierville, Gatlinburg, and Douglas Lake.

    1 W Dumplin Valley Rd, New Market, TN 37820
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    Jefferson City Land Opportunity
    $1,775,000
    53.17 Acres

    Jefferson City Land Opportunity

    53+/- acres near I-40, ideal for mixed-use development.

    012 E Dumplin Valley Rd, Jefferson City, TN 37760
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    Baneberry, TN Lakefront Community Land
    $34,900
    0.49 Acres

    Baneberry, TN Lakefront Community Land

    Land in lakefront community with lake access and recreational opportunities.

    Back Nine Dr, Baneberry, TN 37890
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    Smoky Mountain View Homesite
    $159,900
    3.20 Acres

    Smoky Mountain View Homesite

    Homesite with mountain views, utilities, and convenient location.

    E Cross Rd, Dandridge, TN 37725
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    Land in Paradise Landing
    $39,900
    1.24 Acres

    Land in Paradise Landing

    Acreage in lakeside community near Douglas Lake and Smoky Mountains.

    Turtle Dove Trl, Dandridge, TN 37725
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    Land in Paradise Landing
    $34,900
    2.06 Acres

    Land in Paradise Landing

    Acreage in lakeside community near Douglas Lake and Smoky Mountains.

    Turtle Dove Trl, Dandridge, TN 37725
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    Land with Mountain Views
    $274,900
    9.00 Acres

    Land with Mountain Views

    9-acre homesite near Smoky Mountains, Douglas Lake.

    Zirkle Rd, Dandridge, TN 37725
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    Lakeside Land in Morristown, TN
    $57,900
    0.18 Acres

    Lakeside Land in Morristown, TN

    Lakeside land with community amenities and convenient boat ramp access.

    Shoreline Vis, Morristown, TN 37814
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    East Tennessee Development Opportunity
    $1,499,000
    32.47 Acres

    East Tennessee Development Opportunity

    32-acre multi-use zoned land near Knoxville and Sevierville.

    25/70 Parcel 74 Hwy W, Dandridge, TN 37725
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    Dandridge, TN Land with Views
    $394,900
    10.65 Acres

    Dandridge, TN Land with Views

    Residential land with lake and mountain views in Dandridge, TN.

    Tranquility Trl, Dandridge, TN 37725
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    Tennessee Land with Mountain Views
    $249,900
    9.05 Acres

    Tennessee Land with Mountain Views

    9.05 acre homesite near Smoky Mountains and Douglas Lake.

    Zirkle Rd, Dandridge, TN 37725
    View details
    Residential Lot in Bridgewater Point
    $52,000
    0.19 Acres

    Residential Lot in Bridgewater Point

    Residential lot in Morristown's Bridgewater Point Subdivision.

    Bridgewater Pointe Blvd, Morristown, TN 37814
    View details
    Highway 92 Land Opportunity
    $299,900
    2.42 Acres

    Highway 92 Land Opportunity

    2.42 acres near Douglas Lake with highway access.

    Par. 11&12 Hwy 92 S, Dandridge, TN 37725
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    Dandridge Land Lot For Sale
    $394,900

    Dandridge Land Lot For Sale

    Land lot available in Dandridge, Tennessee.

    32 Tranquility Trl, Dandridge, TN 37725
    View details

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    FRANKLIN REALTY
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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
    FRANKLIN REALTY
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