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    Burlin Allen, Jeff City, TN

    License ID: 285400
    Years of Experience
    21
    Languages
    English
    Association
    Lakeway Area Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (865) 621-1776
    Office Address:
    720 Highway 92 South, Suite B, Dandridge, TN 37725

    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family

    Performance

    Listings
    21
    Price range
    $8.5k - 875k
    Average price
    $442k

    Listings

    For Sale (21)

    View map
    • $459,900
      9.26 Acres

      Cosby, TN Land Opportunity

      9.26 acres ready to develop near Gatlinburg and Rocky Top.
      Par 130.01 Hwy 32 S, Cosby, TN 37722
      View Details
    • $39,900
      3.00 Acres

      Cosby, TN Creek Front Land

      3 Acres of creek front property near Pigeon River.
      Par 023.04 Driftwood Rd, Cosby, TN 37722
      View Details
    • New
      $44,900
      0.65 Acres

      Residential Land Near Holston River

      Residential land close to lakes and Holston River.
      West Vw Dr, Strawberry Plains, TN 37871
      View Details
    • $45,900
      3.56 Acres

      Cosby, TN Land For Sale

      3.56 acres near Cherokee National Forest and Gatlinburg.
      Par 001.08 Mtn Shadow Way, Cosby, TN 37722
      View Details
    • $39,900
      8.81 Acres

      Hartford, TN Wooded Acres

      8.81 acres of restricted wooded land in Hartford, Tennessee.
      8 Faith Mtn Way, Hartford, TN 37753
      View Details
    • $374,900
      23.21 Acres

      Jefferson County Land Opportunity

      23+ acre tract ideal for dream home or hunting refuge.
      19 Pleasant View Cemetery Rd, New Market, TN 37820
      View Details
    • $374,900
      23.95 Acres

      23+ Acre Hunting and Building

      Rare 23+ acre tract ideal for building or hunting.
      17 Pleasant View Cemetery Rd, New Market, TN 37820
      View Details
    • $42,900
      0.62 Acres

      Residential Land in Strawberry Plains

      Land near Knoxville, Kodak, Sevierville, and Jefferson City.
      West Vw Dr, Strawberry Plains, TN 37871
      View Details
    • $749,900
      60.50 Acres

      Newport Land with Mountain Views

      60+ acre tract featuring rolling land, creek, and spring.
      152 Sulpher Spg Rd, Newport, TN 37821
      View Details
    • New
      $42,900
      0.62 Acres

      Land Near Knoxville and Lakes

      Residential land near Knoxville, Kodak, Sevierville, and Jefferson City.
      West Vw Dr, Strawberry Plains, TN 37871
      View Details
    • $374,900
      23.95 Acres

      Jefferson County Land with Hunting

      23+ acre tract ideal for building or hunting.
      17 Pleasant View Cemetery Rd, New Market, TN 37820
      View Details
    • $374,900
      23.21 Acres

      Jefferson County Land Opportunity

      23+ acre tract in the heart of Jefferson County.
      19 Pleasant View Cemetery Rd, New Market, TN 37820
      View Details
    • $749,900
      60.50 Acres

      Newport Land with Mountain Views

      60+ acre land with spring, creek, and mountain views.
      152 Sulpher Spg, Newport, TN 37821
      View Details
    • $44,900
      1.16 Acres

      Residential Lot with Mountain Views

      Scenic 1.16-acre lot near Cherokee Lake, ideal for custom home.
      21 R1, Rutledge, TN 37861
      View Details
    • $624,900
      1,758 SF

      31 Acres with Two Homes

      Pastureland with mountain views, two homes, and flowing creek.
      2840-2830 Robinson Creek Rd, Morristown, TN 37813
      View Details
    • $624,900
      2,682 SF

      Tennessee Land with Two Homes

      31+ acres with two homes near Morristown, Tennessee.
      2840-2830 Robinson Creek Rd, Morristown, TN 37813
      View Details
    • New
      $44,900
      0.65 Acres

      Residential Land Near Knoxville

      Residential land near Knoxville, close to lakes and Holston River.
      West Vw Dr, Strawberry Plains, TN 37871
      View Details
    • $749,900

      Land with Mountain Views

      Multi-purpose land with utilities, creek, and spring access.
      152-152 Sulphur Springs Rd, Newport, TN 37821
      View Details
    • $459,900

      9.26 Acres Development Opportunity

      9.26 acres ready to develop near Gatlinburg and GSMNP.
      130 Highway 32 S, Cosby, TN 37722
      View Details
    • $349,999
      2,876 SF

      Commercial Property with Machine Shop

      Commercial property with machine shop, living quarters, and high potential.
      310 Highway 25 E, Newport, TN 37821
      View Details
    • $219,000

      2.62 Acres Unrestricted Land

      Unrestricted 2.62 acres near Gatlinburg and Rocky Top Sports World.
      Hooper Hwy, Cosby, TN 37722
      View Details

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    Burlin Allen, Jeff City, TN
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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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    Burlin Allen, Jeff City, TN
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