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    For Sale (32)

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    Commercial Land in Growing Area
    $399,900
    1.00 Acre

    Commercial Land in Growing Area

    Commercial land in rapidly growing area, suitable for development.

    6342 Bristol Hwy, Piney Flats, TN 37686
    View details
    Mizpah Hills Building Lot
    $199,900
    0.98 Acres

    Mizpah Hills Building Lot

    Spacious 0.98 acre building lot with mountain views.

    Mizpah Hills Dr, Johnson City, TN 37604
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    Piney Flats Vacant Residential Lot
    $99,500
    1.00 Acre

    Piney Flats Vacant Residential Lot

    One acre vacant lot in a prestigious Piney Flats community.

    Allison Timbers Rd, Piney Flats, TN 37686
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    Residential Land in Johnson City
    $459,000
    4.27 Acres

    Residential Land in Johnson City

    Acreage outside the city with multiple potential home sites.

    Carroll Creek Rd, Johnson City, TN 37615
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    Turnkey Glamping and Wedding Venue
    $1,475,000
    3,000 SF

    Turnkey Glamping and Wedding Venue

    12.9-acre glamping and wedding venue near National Forest.

    2394 Spivey Mountain Rd, Erwin, TN 37650
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    100+ Acre Bristol Land Tract
    $1,500,000
    100.29 Acres

    100+ Acre Bristol Land Tract

    100.29-acre tract near Bristol Motor Speedway, zoned B3.

    Sweet Knobs Trl, Bristol, TN 37620
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    Rare Elizabethton Acreage Opportunity
    $514,900
    20.41 Acres

    Rare Elizabethton Acreage Opportunity

    20.4-acre residential land in Elizabethton, TN, ideal for development.

    Mary Patton Hwy, Elizabethton, TN 37643
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    Residential Lot in Cottage Colony
    Contact for pricing

    Residential Lot in Cottage Colony

    Last building lot available in established Johnson City community.

    2822 W Walnut St, Johnson City, TN 37604
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    Greeneville Land For Sale
    $59,000
    0.31 Acres

    Greeneville Land For Sale

    0.3-acre lot zoned R2, suitable for single-family or duplex.

    704 Ann St, Greeneville, TN 37743
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    Residential Land Overlooking Golf Course
    $209,900
    2.94 Acres

    Residential Land Overlooking Golf Course

    2.94 acres overlooking Blackthorn Club Golf Course in Jonesborough, TN.

    1128 Hawk Nest Ct, Jonesborough, TN 37659
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    Corner Lot on Weaver Pike
    $90,000
    0.45 Acres

    Corner Lot on Weaver Pike

    Corner lot with road frontage, septic, power, and public water.

    4045 Weaver Pike, Bluff City, TN 37618
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    Commercial Land with Road Frontage
    $250,000
    1.15 Acres

    Commercial Land with Road Frontage

    1.15 acres with high visibility and easy access.

    4987 Bluff City Hwy, Bluff City, TN 37618
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    Expansive Mountain Land with Natural Spring
    $799,900
    265.00 Acres

    Expansive Mountain Land with Natural Spring

    265-acre mountain property with spring, barn, and creek near Erwin.

    Garland Meadows Ln, Erwin, TN 37650
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    Sneedville Mountain Retreat Land
    $129,900
    15.32 Acres

    Sneedville Mountain Retreat Land

    Secluded 15.32-acre mountain property with camper and garage.

    421 Grouse Run Rd, Sneedville, TN 37869
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    120+ Acre Tennessee Land Tract
    $700,000
    123.00 Acres

    120+ Acre Tennessee Land Tract

    Magnificent 120+ acre tract perfect for hunting or farming.

    War Creek Rd, Eidson, TN 37731
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    Spacious Commercial Property in Greeneville
    $749,900
    7,509 SF

    Spacious Commercial Property in Greeneville

    High-visibility commercial property with versatile layout and ample parking.

    3124 W Andrew Johnson Hwy, Greeneville, TN 37743
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    Elizabethton Land with Mountain Views
    $189,900
    8.90 Acres

    Elizabethton Land with Mountain Views

    8.9 acre residential land with elevated mountain and pasture views.

    Coal Chute Rd, Elizabethton, TN 37643
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    Commercial Land with Road Frontage
    $299,900
    1.13 Acres

    Commercial Land with Road Frontage

    1.13-acre B3 zoned land with 317 feet of frontage.

    145 Claude Simmons Rd, Johnson City, TN 37604
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    B3 Zoned Land For Sale
    $299,900
    1.13 Acres

    B3 Zoned Land For Sale

    1.13-acre B3 zoned land with 317 feet of road frontage.

    145 Claude Simmons Rd, Johnson City, TN 37604
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    Erwin, TN Residential Lot
    $35,000
    0.45 Acres

    Erwin, TN Residential Lot

    Ready-to-use 0.46-acre lot with utilities in Erwin, TN.

    133 Haines Rd, Erwin, TN 37650
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    Pastureland with Mountain Stream Frontage
    $225,000
    18.30 Acres

    Pastureland with Mountain Stream Frontage

    18.3 acres of pastureland with creek frontage in Unicoi County.

    Willis Cove Rd, Erwin, TN 37650
    View details
    Greeneville Land with Subdivision Potential
    $115,000
    3.68 Acres

    Greeneville Land with Subdivision Potential

    3.68-acre tract subdivided into three lots near downtown Greeneville.

    Shiloh Rd, Greeneville, TN 37745
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    Greeneville, TN 49.5-Acre Land Parcel
    $244,900
    49.50 Acres

    Greeneville, TN 49.5-Acre Land Parcel

    49.5 acres in Greeneville, TN, near Interstate 81.

    Nelse Roberts Rd, Greeneville, TN 37745
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    Residential Lot in Bluff City
    Contact for pricing
    0.34 Acres

    Residential Lot in Bluff City

    Residential lot in River Bluff Landing community, Bluff City, TN.

    213 Millstone Cv, Bluff City, TN 37618
    View details
    35 Acres of Recreational Land
    $232,500
    35.00 Acres

    35 Acres of Recreational Land

    Pristine 35-acre tract near Appalachian Trail, ideal for recreation.

    Ray Kegley Rd, Erwin, TN 37650
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    Commercial Land in Erwin, TN
    $118,000
    1.30 Acres

    Commercial Land in Erwin, TN

    Commercial land with road frontage and access to downtown.

    Old Fishery Rd, Erwin, TN 37650
    View details
    Industrial Land in Piney Flats
    $250,000
    4.64 Acres

    Industrial Land in Piney Flats

    4.64 acres of industrial land ready for development.

    Mtn Vw Rd, Piney Flats, TN 37686
    View details
    Land with Panoramic View Potential
    $218,000
    3.20 Acres

    Land with Panoramic View Potential

    3.2 acres of land outside city limits, build your dream home.

    955 Leesburg Rd, Jonesborough, TN 37659
    View details
    Elizabethton Land with Wooded Acreage
    $169,900
    15.38 Acres

    Elizabethton Land with Wooded Acreage

    15.38 acres of wooded land, perfect for building a home.

    172 Carl Taylor Rd, Elizabethton, TN 37643
    View details
    Downtown Erwin Commercial Gem
    $495,000
    18,736 SF

    Downtown Erwin Commercial Gem

    Historic building, versatile spaces, prime location.

    229 Main Ave, Erwin, TN 37650
    View details
    New Luxury Condominiums Available
    $285,000
    1,464 SF

    New Luxury Condominiums Available

    New condominiums featuring modern design and scenic mountain views.

    707 Main Ave, Erwin, TN 37650
    View details
    Corner Lot on Weaver Pike
    $90,000
    19,602 SF

    Corner Lot on Weaver Pike

    Corner lot with road frontage, septic, power, and public water.

    4045 Weaver Pike, Bluff City, TN 37618
    View details

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    RE/MAX Checkmate Realtors 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
    RE/MAX Checkmate Realtors Inc.
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