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    For Sale (25)

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    Grandview, TN Land Opportunity
    $150,000
    14.52 Acres

    Grandview, TN Land Opportunity

    14.52 acres in Cumberland Creeks community with road frontage.

    Soak Crk Ln, Grand View, TN 37337
    View details
    Unrestricted Land in Sparta, Tennessee
    $165,900
    14.96 Acres

    Unrestricted Land in Sparta, Tennessee

    14+ acres of unrestricted land with road frontage and creek.

    346 NW Sam Golden Rd, Sparta, TN 38583
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    Unrestricted Land Near Sparta, TN
    $149,900
    8.39 Acres

    Unrestricted Land Near Sparta, TN

    8.389 acres of unrestricted land ready to build.

    Country Club Rd, Sparta, TN 38583
    View details
    Unrestricted Land Near Sparta, TN
    $137,500
    8.80 Acres

    Unrestricted Land Near Sparta, TN

    8.802 acres of unrestricted land ready to build on.

    Country Club Rd, Sparta, TN 38583
    View details
    Wooded Homesite in Gated Community
    $55,000
    1.30 Acres

    Wooded Homesite in Gated Community

    1.3-acre wooded homesite with community amenities near Fall Creek Falls.

    1004 Overlook Dr, Spencer, TN 38585
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    Residential Land in Fairfield Glade
    $35,000
    0.34 Acres

    Residential Land in Fairfield Glade

    Residential lot in established community with resort-style amenities.

    144 Natchez Cir, Crossville, TN 38558
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    Land with Bluff Views
    $139,000
    2.85 Acres

    Land with Bluff Views

    Flat 2.85-acre lot with bluff views near state parks.

    Overlook Dr, Spencer, TN 38585
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    Monteagle TN Wooded Lot
    $67,500
    3.21 Acres

    Monteagle TN Wooded Lot

    3.21 acre wooded lot in gated community.

    3.21 Ac Eagle Rock Rd, Monteagle, TN 37356
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    Spring City Multi-Family Opportunity
    $316,000
    3,280 SF

    Spring City Multi-Family Opportunity

    Three homes on 1.49 acres in Spring City, TN.

    164 Glenn Ln, Spring City, TN 37381
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    Wooded Acreage in Spencer, TN
    $157,000
    19.54 Acres

    Wooded Acreage in Spencer, TN

    19.54 acres of wooded land suitable for various uses.

    Topside Dr, Spencer, TN 38585
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    Apollo Shores Waterfront Land
    $75,000
    0.68 Acres

    Apollo Shores Waterfront Land

    Four adjoining lots in Apollo Shores community near Watts Bar Lake.

    484 Apollo Dr, Spring City, TN 37381
    View details
    5,600 SF Commercial Building
    $399,900
    5,600 SF

    5,600 SF Commercial Building

    High-traffic location with two leased units in Sparta, TN.

    28-30 Mayberry St, Sparta, TN 38583
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    Land Near Center Hill Lake
    $70,000
    2.58 Acres

    Land Near Center Hill Lake

    2.58 acres to build your dream home near Center Hill Lake.

    Shetland Trce, Sparta, TN 38583
    View details
    Collins River Waterfront Lot
    $99,000
    1.94 Acres

    Collins River Waterfront Lot

    1.939-acre waterfront lot on the Collins River.

    1149 Camp Overton Rd, Rock Island, TN 38581
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    Collins Riverfront Land For Sale
    $99,000
    1.45 Acres

    Collins Riverfront Land For Sale

    1.45-acre riverfront lot on the Collins River.

    1149 Camp Overton Rd, Rock Island, TN 38581
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    Collins River Waterfront Lot
    $99,000
    1.90 Acres

    Collins River Waterfront Lot

    1.895-acre waterfront lot on the Collins River.

    1149 Camp Overton Rd, Rock Island, TN 38581
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    Unrestricted Land Parcel in Spencer
    $59,900
    3.50 Acres

    Unrestricted Land Parcel in Spencer

    3.5+/- acre unrestricted parcel with utilities in Spencer, TN.

    33 30, Spencer, TN 38585
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    Wooded Lot in Gated Community
    Contact for pricing
    1.11 Acres

    Wooded Lot in Gated Community

    1.11-acre wooded lot with community amenities near Fall Creek Falls.

    Overlook Dr, Spencer, TN 38585
    View details
    Rock Island Waterfront Land
    $110,000
    2.00 Acres

    Rock Island Waterfront Land

    2-acre waterfront lot with river frontage and dock permits.

    542 Rock Is Shr Dr, Rock Island, TN 38581
    View details
    Buildable Lot in Spencer, TN
    $39,500
    1.78 Acres

    Buildable Lot in Spencer, TN

    1.78-acre buildable lot with septic perc test on file.

    49 Winding Farms Rd, Spencer, TN 38585
    View details
    Grandview, TN Greenbelt Land
    $350,000
    28.59 Acres

    Grandview, TN Greenbelt Land

    28.59-acre Greenbelt property ready for your dream home.

    1280 Soak Crk Ln, Grand View, TN 37337
    View details
    Unrestricted Land with Creek, Sparta
    $124,900
    13.67 Acres

    Unrestricted Land with Creek, Sparta

    13.68 acres of unrestricted land featuring a beautiful creek.

    Glade Creek Rd, Sparta, TN 38583
    View details
    Scenic Land with Lake Views
    $174,900
    48.52 Acres

    Scenic Land with Lake Views

    Wooded land with lake views, ideal for cabin or retreat.

    James Pl, Smithville, TN 37166
    View details
    Land in Hawks Bluff Subdivision
    Contact for pricing
    1.02 Acres

    Land in Hawks Bluff Subdivision

    1.02 acre lot near Fall Creek Falls State Park.

    Surrey Ln, Spencer, TN 38585
    View details
    Scenic Land in Hawks Bluff
    Contact for pricing
    2.65 Acres

    Scenic Land in Hawks Bluff

    2.65-acre lot near Fall Creek Falls State Park.

    Hillis Cemetery Rd, Spencer, TN 38585
    View details

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    True North Real Estate Services, LLC
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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
    True North Real Estate Services, LLC
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