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    Acreage Near Watauga Lake
    $479,900
    64.00 Acres

    Acreage Near Watauga Lake

    64+/- acres near Roan Creek and Watauga Lake.

    9222 Roan Creek Rd, Butler, TN 37640
    View details
    Commercial Land on Highway 421
    $475,000
    4.00 Acres

    Commercial Land on Highway 421

    4-acre commercial land with utilities and highway frontage in Mountain City.

    2431 S Shady St, Mountain City, TN 37683
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    Usable Land with Mountain Views
    $175,000
    7.25 Acres

    Usable Land with Mountain Views

    7.25 acres of land with mini-farm potential and well.

    703 Locust Gap Rd, Mountain City, TN 37683
    View details
    Wooded Lot in Mountain City
    $50,000
    1.75 Acres

    Wooded Lot in Mountain City

    1.75-acre wooded lot, ideal for building with privacy.

    Locust Gap Rd, Mountain City, TN 37683
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    Mountain City Wooded Lot
    $50,000
    1.24 Acres

    Mountain City Wooded Lot

    Wooded 1.24 acre lot in a quiet, rural setting.

    Locust Gap Rd, Mountain City, TN 37683
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    Commercial Land on Highway 421
    $1,500,000
    25.34 Acres

    Commercial Land on Highway 421

    25.34-acre commercial land with highway access and scenic views.

    2558 S Shady St, Mountain City, TN 37683
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    Mountain City Land For Sale
    $155,000
    19.94 Acres

    Mountain City Land For Sale

    Residential land for sale in Mountain City, Tennessee.

    Houser Ln, Mountain City, TN 37683
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    Land Near Watauga Lake
    Contact for pricing
    3.15 Acres

    Land Near Watauga Lake

    Private, wooded land near Watauga Lake in Butler, Tennessee.

    889 Hide Away Dr, Butler, TN 37640
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    Land Near Watauga Lake
    Contact for pricing
    2.60 Acres

    Land Near Watauga Lake

    Private wooded land near Watauga Lake in Butler, Tennessee.

    889 Hide Away Dr, Butler, TN 37640
    View details
    Level Lot in Mountain City
    $48,000
    0.72 Acres

    Level Lot in Mountain City

    Level 0.72 acre lot with road frontage near Mountain City.

    Cold Springs Rd, Mountain City, TN 37683
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    Land For Sale, Trade, TN
    $80,000
    10.70 Acres

    Land For Sale, Trade, TN

    10.7 acres of land near Hwy 421, Trade, TN.

    Miller Rd, Trade, TN 37691
    View details
    Land Near National Forest
    $65,000
    8.73 Acres

    Land Near National Forest

    8.73 acres of hunting land bordering National Forest.

    Highway 91, Laurel Bloomery, TN 37680
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    Mountain City Land For Sale
    Contact for pricing
    0.73 Acres

    Mountain City Land For Sale

    Land with creek frontage, close to everything in Mountain City.

    Atwood St, Mountain City, TN 37683
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    Mountain City Campground Potential
    $109,900
    1,600 SF

    Mountain City Campground Potential

    Property with campground potential, existing homes, and utilities.

    158 Arnold Rd, Mountain City, TN 37683
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    Farmland with Barn and Creek
    $625,200
    52.10 Acres

    Farmland with Barn and Creek

    52.1 acres of fenced farmland near Watauga Lake.

    W Dw Of Swift Holw, Mountain City, TN 37683
    View details
    Wooded Land with Spring
    $40,000
    2.00 Acres

    Wooded Land with Spring

    Two-acre wooded land with spring, public water available.

    445 Possum Vly Rd, Laurel Bloomery, TN 37680
    View details
    Land in Park-Like Setting
    $40,000
    1.06 Acres

    Land in Park-Like Setting

    Residential land with trees and creek near National Forest.

    Greer Branch Rd, Laurel Bloomery, TN 37680
    View details
    Wooded Land Near Watauga Lake
    Contact for pricing
    137,214 SF

    Wooded Land Near Watauga Lake

    Private, unrestricted wooded land close to Watauga Lake.

    889 Hide Away Dr, Butler, TN 37640
    View details

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    GENERAL REALTY OF TENNESSEE
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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
    GENERAL REALTY OF TENNESSEE
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