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    For Sale (33)

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    Commercial Lot in Cedar Bluff
    $299,900
    1.00 Acre

    Commercial Lot in Cedar Bluff

    Level acre lot with commercial potential in Cedar Bluff.

    1125 Cedar Valley Dr, Cedar Bluff, VA 24609
    View details
    Pasture Land in Jonesborough, TN
    $234,900
    9.90 Acres

    Pasture Land in Jonesborough, TN

    9.9 acres of rolling pasture, ideal for building.

    Gray Station Sulphur Springs Rd, Jonesborough, TN 37659
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    Residential Land in Erwin, Tennessee
    $69,000
    0.70 Acres

    Residential Land in Erwin, Tennessee

    0.70 acre building lot with utilities in established neighborhood.

    Galax Dr, Erwin, TN 37650
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    Unrestricted Land Near Cherokee Forest
    $149,900
    6.65 Acres

    Unrestricted Land Near Cherokee Forest

    6.65 acres of unrestricted land near Roan Mountain.

    Sylvan Way, Roan Mountain, TN 37687
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    25 Acres of Tennessee Land
    $250,000
    25.88 Acres

    25 Acres of Tennessee Land

    25-acre tract ideal for farm, homestead, or development.

    Stout Branch Rd, Mountain City, TN 37683
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    Residential Lot in Church Hill
    $30,000
    0.76 Acres

    Residential Lot in Church Hill

    Beautiful 0.76 acre lot near Volunteer High School.

    Tipton Ave, Church Hill, TN 37642
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    Cleared Land with Mountain Views
    $99,900
    0.88 Acres

    Cleared Land with Mountain Views

    0.88-acre homesite in gated community with mountain views.

    1230 Ridgetop Trl, Kingsport, TN 37664
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    Rolling Pasture Land in Jonesborough
    $374,900
    15.30 Acres

    Rolling Pasture Land in Jonesborough

    15+ acres ideal for building or mini-farm in Tennessee.

    Gray Station Sulphur Springs Rd, Jonesborough, TN 37659
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    Land with Boone Lake View
    $69,900
    0.20 Acres

    Land with Boone Lake View

    Land with deeded lake access and septic in place.

    1033 Haw Ridge Rd, Piney Flats, TN 37686
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    Vacant Land in Claypool Hill
    $188,000
    7.25 Acres

    Vacant Land in Claypool Hill

    7.25 acres of vacant land suitable for commercial or residential.

    Willow Spg Rd, Cedar Bluff, VA 24609
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    Land with Mountain Views
    $39,000
    3.00 Acres

    Land with Mountain Views

    3-acre lot in gated community with mountain views.

    N Heaton Branch Rd, Butler, TN 37640
    View details
    Kingsport Commercial Property For Sale
    $217,000
    1,000 SF

    Kingsport Commercial Property For Sale

    Prime downtown Kingsport commercial property with high visibility.

    333 E Sullivan St, Kingsport, TN 37660
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    Mountain Land with Scenic Views
    $42,500
    3.71 Acres

    Mountain Land with Scenic Views

    3.71 acre lot in gated mountain community.

    1205 Mays Ridge Rd, Butler, TN 37640
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    Telford, TN Land For Sale
    $150,000
    5.09 Acres

    Telford, TN Land For Sale

    5+ acre lot in Telford, TN with mountain views.

    Paynetown Rd, Telford, TN 37690
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    Telford, TN Land For Sale
    $150,000
    5.09 Acres

    Telford, TN Land For Sale

    5+ acre lot in Telford, TN with mountain views.

    Paynetown Rd, Telford, TN 37690
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    Residential Land with Mountain Views
    $79,900
    0.76 Acres

    Residential Land with Mountain Views

    Secluded building lot with mountain views in Johnson City.

    Sunset Rd, Johnson City, TN 37615
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    Residential Lot in Johnson City
    $49,500
    0.37 Acres

    Residential Lot in Johnson City

    Prime lot near ETSU, medical centers, and downtown.

    2735 W Walnut St, Johnson City, TN 37604
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    Residential Land in Johnson City
    $279,000
    2.19 Acres

    Residential Land in Johnson City

    2+ acre residential lot in a prime Johnson City location.

    S Roan St, Johnson City, TN 37601
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    Residential Land with Mountain View
    $79,900
    0.78 Acres

    Residential Land with Mountain View

    Building lot with mountain view in secluded new development.

    Sunset Rd, Johnson City, TN 37615
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    Lake Community Lot with Boat Slip
    $110,000
    1.18 Acres

    Lake Community Lot with Boat Slip

    Wooded lot with boat slip in Hidden Valley Retreat.

    Canaan Rd, Butler, TN 37640
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    Residential Land with Mountain Views
    $79,900
    0.74 Acres

    Residential Land with Mountain Views

    Secluded building lot with mountain views in Johnson City.

    Sunset Rd, Johnson City, TN 37615
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    Erwin, TN Wooded Mountain Land
    $79,000
    7.86 Acres

    Erwin, TN Wooded Mountain Land

    7.86-acre wooded parcel near Erwin, TN with cleared house site.

    Bailey Hollow Rd, Erwin, TN 37650
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    Idlewylde Circle Land Package
    $45,000
    0.95 Acres

    Idlewylde Circle Land Package

    Four adjoining lots totaling nearly one acre in Johnson City.

    Idlewylde Cir, Johnson City, TN 37601
    View details
    Telford, TN Land For Sale
    $300,000
    15.02 Acres

    Telford, TN Land For Sale

    15+ acre lot in East Tennessee with mountain views.

    Paynetown Rd, Telford, TN 37690
    View details
    Land in Gated Community
    $62,000
    5.05 Acres

    Land in Gated Community

    5.05 acres in a gated mountain community near Boone, NC.

    1008 Locust Ln, Butler, TN 37640
    View details
    Secluded Mountain View Lot
    $61,900
    5.44 Acres

    Secluded Mountain View Lot

    Private 5+ acre lot with mountain views in gated community.

    Tulip Poplar Trl Ext, Butler, TN 37640
    View details
    Commercial Building Near I-26
    $650,000
    4,147 SF

    Commercial Building Near I-26

    4,147 sq ft commercial building with high visibility.

    401 Elm St, Johnson City, TN 37601
    View details
    Shady Valley Commercial Opportunity
    $249,900
    4,068 SF

    Shady Valley Commercial Opportunity

    Commercial property in high-traffic tourist destination, formerly Shady Valley General Store.

    9854 Highway 421 N, Shady Valley, TN 37688
    View details
    Kingsport Commercial Property on Sullivan
    $174,900
    1,760 SF

    Kingsport Commercial Property on Sullivan

    Mixed-use property with high visibility in downtown Kingsport.

    343 E Sullivan St, Kingsport, TN 37660
    View details
    Residential Land with Tennessee Views
    $109,900
    2.30 Acres

    Residential Land with Tennessee Views

    2+ acre lot ready to build near Johnson City.

    Free Hill Ext, Johnson City, TN 37615
    View details
    One Acre Build-Ready Lot
    $69,900
    1.30 Acres

    One Acre Build-Ready Lot

    Spacious lot in prime location near Johnson City and Kingsport.

    Cedar Creek Rd, Johnson City, TN 37615
    View details
    Jonesborough Land with Workshop Building
    $374,900
    10.11 Acres

    Jonesborough Land with Workshop Building

    10-acre property with building near Buffalo Mountain and Lone Oak Trailhead.

    724 Dry Creek Rd, Jonesborough, TN 37659
    View details
    Land with Boone Lake View
    Contact for pricing

    Land with Boone Lake View

    Land with deeded lake access and septic in place.

    1033 Haw Ridge Rd, Piney Flats, TN 37686
    View details

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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.

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