Sign Up Successful!
You now have access to more from Realmo!
    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

    104 Azalea Cir Harriman, TN 37748

    Sponsored
    For Sale
    $199,900

    LAND - Harriman, TN

    Lot size:
    0.67 Acres
    Days on Market:
    130
    Last Refresh:
    Feb 2 at 12:06 pm

    Property Features for 104 Azalea Cir

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    018C A 001.01
    Lot size
    0.67 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Frankie L. Hawn
    Frankie L. Hawn

    Frankie Hawn Realty (865) 376-5900

    Listing agent Frankie L. Hawn (865) 898-3214

    Listing date Sep 26, 2025

    MLS# 1316643 Listing URL

    Copyright © 2025 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lakefront Lot in Harriman, TN

    This 0.67-acre lot, situated in an established neighborhood in Harriman, TN, offers an opportunity for lakefront living. The property features 105 feet of waterfront, providing space for outdoor activities. A dock, redecked a couple of years ago, is present. Additional features include a firepit by the water and a children's play fort with disc swings, including two that swing out over the water. The lot has a gentle slope to the shoreline, allowing for easy access to the water. The property is located in Roane County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harriman
    County
    Roane
    State
    Tennessee
    Longitude
    -84.50649
    Latitude
    35.964921

    Nearby Similar for Sale

    • New
      $438,000
      2,598 SF

      Harriman Multi-Home Opportunity

      Two homes on adjacent lots, flexible living and income options.
      729 Siluria St, Harriman, TN 37748
      View Details
    • $567,500
      4,144 SF

      Mixed-Use Investment Opportunity, Harriman TN

      Mixed-use property with commercial space and residential units in Harriman.
      512 N Roane St, Harriman, TN 37748
      View Details
    • $190,000
      3,000 SF

      Harriman Retail Property For Sale

      Retail property with high visibility and traffic in Harriman, TN.
      430 N Roane St, Harriman, TN 37748
      View Details
    • $247,500
      Pending

      Harriman Duplex: All Brick Construction

      All brick duplex in Harriman, Tennessee with strong cash flow.
      722 Sewanee St, Harriman, TN 37748
      View Details
    • $225,000
      2,402 SF

      Commercial Property in Harriman, TN

      Commercial property with leased space and expansion potential in Harriman.
      118 N Roane St, Harriman, TN 37748
      View Details
    • $429,900
      3,796 SF

      Harriman TN Multifamily Investment Property

      Well-maintained 4-unit apartment building with long-term income potential.
      725 Chilhowee St, Harriman, TN 37748
      View Details
    • $329,900
      1,760 SF

      Harriman TN Quadplex For Sale

      Well-maintained quadplex with spacious units and off-street parking.
      811 Siluria St, Harriman, TN 37748
      View Details
    • $550,000
      10,000 SF

      Downtown Harriman Retail Building For Sale

      Charming retail building in downtown Harriman with high ceilings.
      315 N Roane St, Harriman, TN 37748
      View Details
    • $610,000
      4,358 SF

      Harriman Multifamily Investment Opportunity

      Quadplex and single-family home with income potential in Harriman, TN.
      929 N Roane St, Harriman, TN 37748
      View Details
    • $2,556,720
      10,000 SF

      Harriman TN Cracker Barrel Ground Lease

      Ground lease with zero landlord responsibilities and 10+ years remaining.
      1845 S Roane St, Harriman, TN 37748
      View Details
    • $1,995,000
      5,000 SF

      Office/Warehouse with Fenced Yard

      5,000 SF office/warehouse with mezzanine and fenced yard.
      2100 Roane State Hwy, Harriman, TN 37748
      View Details
    • $1,900,000
      29,394 SF

      Harriman Medical Office Building For Sale

      High-profile medical office building with flexible floor plans and ample parking.
      2497 S Roane St, Harriman, TN 37748
      View Details

    FAQs

    What type of property is this?
    Land - 0.67 acre lakefront lot with 105 feet of waterfront.
    Where is this land located?
    The property is located at 104 Azalea Cir Harriman, TN.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Enjoy **105 feet of lakefront property** in an established neighborhood.; - **Redecked dock provides immediate lake access.**; - Gentle slope to shoreline offers easy water access.
    (865) 376-5900
    Request Owner's contact information
    104 Azalea Cir Harriman, TN 37748
    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.
    104 Azalea Cir
    Harriman, TN 37748
    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
    104 Azalea Cir Harriman, TN 37748
    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

    We can help!
    Listing Contact
    Frankie L. Hawn
    Frankie L. Hawn
    (865) 376-5900
    Learn more
    Google sign-in failed. Please try again or use another login method.