Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 Oak Grove Rd Lake City, TN 37769

    View on Map
    For Sale
    $65,000

    Vacant Land - Lake City, TN

    Lot size:
    0.49 Acres
    Added:
    Jun 10, 2025
    Days on Market:
    296
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 0 Oak Grove Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    145H-A-021.00
    Lot size
    0.49 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Whitt

    Listing agent Brian Whitt

    Listing office Arrowhead Land Company 311 Elm Street, Cincinnati, TN

    Listing date Jun 10, 2025

    MLS# 11516035 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake City Vacant Land Opportunity

    This 0.49 acre lot is located in Campbell County, Tennessee, near Norris Lake and offers convenient access to the highway. The flat, easily accessible property presents various possibilities, including building a home, setting up a trailer, or using it as an investment. Situated right off I-75, the location is approximately 10 minutes from Mountain Lake Marina and Campground, providing accessibility and proximity to lake amenities. The marina features a public boat launch regulated by the TVA, rentable boat slips, and dining and nightlife options. The property is currently divided into four build lots, with the option to combine them if desired. The property is ideal for building a home, setting up a trailer, or as an investment piece.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lake City
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.1334
    Latitude
    36.2368

    Nearby Similar for Sale

    • $375,000
      2,848 SF

      Renovated Mixed-Use Building, Rocky Top

      Fully renovated mixed-use building in the heart of Rocky Top.
      311 S Main St, Rocky Top, TN 37769
      View Details
    • $84,900

      Land Parcel in Rocky Top, TN

      6.3-acre parcel with utilities and barn near Windrock ATV trails.
      Butcher Lane, Rocky Top, TN 37769
      View Details
    • $69,900

      4.5 Acres in Rocky Top

      Wooded 4.5-acre lot offers privacy and building flexibility.
      Mountain Side Lane, Rocky Top, TN 37769
      View Details
    • $79,900

      Rocky Top Land Near Norris

      8.45 acre land parcel near Norris Dam and I-75.
      Strong Hollow Lane, Rocky Top, TN 37769
      View Details
    • $65,000

      Lake City Land Near Norris

      0.34 acre lot near Norris Lake and I-75.
      0 Oak Grove Rd, Lake City, TN 37769
      View Details
    • $65,000

      Lake City Vacant Land Parcel

      0.35 acre lot near Norris Lake, Tennessee.
      0 Island Cove Rd, Lake City, TN 37769
      View Details
    • $65,000

      Lake City Vacant Land

      0.47 acre lot near Norris Lake, Tennessee.
      0 Island Cove Rd, Lake City, TN 37769
      View Details
    • $365,000

      Rocky Top Development Land Available

      2.6 acres near I-75, ideal for hotel development.
      Rocky Top, TN 37769
      View Details

    FAQs

    What type of property is this?
    Land - 0.49 acre lot near Norris Lake and I-75.
    Where is this land located?
    The property is located at 0 Oak Grove Rd Lake City, TN.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Highly sought‑after location near Norris Lake.; Flat, easily accessible 0.49 +/- acre lot.; Convenient access to I‑75.
    (833) 873-2452
    We can help!
    Listing Contact
    Brian Whitt
    Real Estate License ID: 2021008878
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!