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

    10 W Andrew Johnson Highway Bulls Gap, TN 37711

    View on Map
    For Sale
    Contact for pricing

    LAND - Bulls Gap, TN

    Lot size:
    2.25 Acres
    Added:
    Mar 16, 2024
    Days on Market:
    747
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 10 W Andrew Johnson Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1
    Standard status
    Active
    APN
    058 006.00
    Lot size
    2.25 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    49

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Keith Reaves
    Keith Reaves

    Listing agent Keith Reaves License #292907

    Listing office A Cut Above Real Estate and Auction 1007 W Main Street, TN

    Listing date Mar 16, 2024

    MLS# 9963239 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Land in Bulls Gap

    This property, identified as Lot 10, consists of approximately 2.25 acres of mostly wooded land. It is located in Bulls Gap, Tennessee. Utilities, including water and power, are expected to be accessible, though the buyer will be responsible for the costs associated with extending these utilities to the property. Prospective buyers should independently verify the availability of all services and associated fees with the relevant utility companies. Additional acreage may be available. The property is zoned A-1. Owner financing options are available from the seller.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Department Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bulls Gap
    County
    Hawkins
    State
    Tennessee
    Longitude
    -83.075225
    Latitude
    36.239111

    Nearby Similar for Sale

    • $350,000

      Commercial Land Near I-81 Exit

      Commercial property near I-81, suitable for retail or office.
      W Mcintosh Lane unit: 000, Bulls Gap, TN 37711
      View Details
    • $399,900

      East Tennessee Farmland Opportunity

      74.83 acres in Bulls Gap, TN with barn.
      Tract 0 Gap Creek Road, Bulls Gap, TN 37711
      View Details
    • $185,000

      East Tennessee Hunting and Cabin Land

      24-acre Bulls Gap, TN land with wildlife and development potential.
      Longtown Road, Bulls Gap, TN 37711
      View Details
    • $229,900

      Unrestricted Land in Bulls Gap

      13 acres in Bulls Gap, TN, suitable for residential/agricultural use.
      Marvin Road, Bulls Gap, TN 37711
      View Details
    • $1,049,900

      East Tennessee Farm with Mountain Views

      70-acre farm with mountain views, ponds, and campsites.
      5335 Gap Creek Road, Bulls Gap, TN 37711
      View Details
    • $299,900

      Land with Creek and Cabin

      18.42 acre property with creek, cabin in Bulls Gap.
      350 N Vfw Road, Bulls Gap, TN 37711
      View Details
    • $225,000

      Unrestricted Land Near Cherokee Lake

      14.51 acre corner lot suitable for various uses.
      Harris Town Road, Bulls Gap, TN 37711
      View Details
    • $49,900

      Residential Land in Bulls Gap

      1.48-acre residential land perfect for building or investment.
      Goodman Loop, Bulls Gap, TN 37711
      View Details
    • $49,900

      Bulls Gap Acreage for Sale

      1.48-acre tract suitable for building or investment in Bulls Gap.
      Goodman Loop, Bulls Gap, TN 37711
      View Details
    • $150,000

      Unrestricted Farmland with Stunning Views

      15 acres of unrestricted Tennessee farmland with year-round spring.
      Long Town Road, Bulls Gap, TN 37711
      View Details
    • $49,900

      Residential Land in Bulls Gap

      1.48-acre tract ideal for building or investment in Bulls Gap.
      Goodman Loop, Bulls Gap, TN 37711
      View Details
    • $80,000

      Bulls Gap Vacant Land

      13+ acre property with stream, creek, tiny home, and RV.
      185 Green Rd, Bulls Gap, TN 37711
      View Details

    FAQs

    What type of property is this?
    Land - 2.25+/- acre wooded lot with utilities available in Bulls Gap.
    Where is this land located?
    The property is located at 10 W Andrew Johnson Highway Bulls Gap, TN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Owner financing available.; **2.25+\/- acre wooded lot.**; Water and power utilities should be available.
    (423) 552-1427
    We can help!
    Listing Contact
    Keith Reaves
    Keith Reaves
    Real Estate License ID: 292907
    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!