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    Deborah Sutherland, Elizabethton, TN

    License ID: 262650
    RUSS SWANAY REAL ESTATE COMPAN
    Years of Experience
    42
    Association
    Northeast Tennessee Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (423) 213-7005
    Office Address:
    1970c W Elk Ave, Elizabethton, TN, 37643

    Property Types

    • Land

    Performance

    Listings
    13
    Price range
    $10k - 590k
    Average price
    $300k

    Listings

    For Sale (13)

    View map
    • $39,900
      1.76 Acres

      Wooded Lot in Gated Community

      1.76-acre wooded lot in Heartwood Development, Butler, Tennessee.
      401 Chestnut Lot 54 Cir, Butler, TN 37640
      View Details
    • $59,500
      2.70 Acres

      Mountain Retreat Land Opportunity

      2.70 acres in gated mountain community near Watauga Lake.
      804 Vista Rd, Butler, TN 37640
      View Details
    • $957,900
      58.50 Acres

      Magnificent 58.5 Acre Mountain Paradise

      Dream home or mini-farm property with mountain views in Tennessee.
      855 Willow Springs Rd, Elizabethton, TN 37643
      View Details
    • $47,900
      5.69 Acres

      Secluded Wooded Land Near Attractions

      5.69-acre wooded tract near town, lake, and ski resorts.
      Rome Hollow Rd, Elizabethton, TN 37643
      View Details
    • $839,900
      288.20 Acres

      288 Acres in Butler, TN

      288-acre land parcel with development potential near Watauga Lake.
      Tn-67, Butler, TN 37640
      View Details
    • $57,500
      5.17 Acres

      Wooded Land in Gated Community

      5.17-acre lot in Heartwood Development, Butler, Tennessee.
      704 Heartwood Lot 55 Ln, Butler, TN 37640
      View Details
    • $54,500
      6.37 Acres

      Land in Gated Mountain Community

      2.03-acre track in Heartwood Development, Upper East Tennessee.
      304 Honeymoon Lot 69 Holw, Butler, TN 37640
      View Details
    • $64,500
      5.09 Acres

      Secluded Wooded Lot in Heartwood

      Private 5.09-acre lot in gated mountain community near Boone, NC.
      702 Heartwood Lot 56 Ln, Butler, TN 37640
      View Details
    • $32,500
      1.25 Acres

      Residential Land in Gated Community

      1.25 acre building lot in gated mountain community.
      303 Honeymoon Lot 59 Holw, Butler, TN 37640
      View Details
    • $54,500
      4.36 Acres

      Secluded Mountain Retreat Land

      4.36 acre lot in gated mountain community.
      1213 Mays Rdg Lot 17 Rd, Butler, TN 37640
      View Details
    • $65,500
      5.61 Acres

      Secluded Mountain View Acreage

      5.61 acres with mountain and lake views in gated community.
      1012 Locust Lot 40 Ln, Butler, TN 37640
      View Details
    • $62,500
      6.37 Acres

      Secluded Mountain Land in Butler, TN

      6.37-acre lot in gated mountain community, ideal for retreat.
      308 Honeymoon Lot 67 Holw, Butler, TN 37640
      View Details
    • $67,500
      5.19 Acres

      Land in Heartwood Development

      5.19-acre lot in gated mountain community with long-range views.
      306 Honeymoon Lot 68 Holw, Butler, TN 37640
      View Details

    Leases and Sales on Map

    • For Sale

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    Deborah Sutherland, Elizabethton, 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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    Deborah Sutherland, Elizabethton, TN
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