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

    109 Cherokee Ridge Dr Ocoee, TN 37361

    Sponsored
    For Sale
    $43,900

    LAND - Ocoee, TN

    Lot size:
    0.75 Acres
    Days on Market:
    32
    Last Refresh:
    Jan 22 at 2:06 pm

    Property Features for 109 Cherokee Ridge Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    APN
    075l A 050.00
    Lot size
    0.75 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Haley Farless

    Real Estate Partners Chattanooga LLC (423) 265-0088 [email protected]

    Listing agent Haley Farless (423) 265-0088 License #383958

    Listing date Dec 22, 2025

    MLS# 1523414 Listing URL

    Copyright © 2025 Greater Chattanooga Association of 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

    Land in Peaceful Mountain Community

    Two adjoined lots on Cherokee Ridge Dr., totaling 0.75 acres, are being sold together with an additional 0.41-acre lot at 1465 Sloan Gap Rd. The lots are adjoining, offering added privacy or space. Located in a peaceful mountain community, the property provides beautiful views and abundant wildlife. Residents have access to a clubhouse. The location offers a quiet natural setting while being minutes from Parksville Lake and the Ocoee and Hiwassee Rivers. Public utilities are available. The Sloan Gap Rd lot has no HOA fee. The property is zoned R-1. This is an ideal setting for a mountain retreat or full-time home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocoee
    County
    Polk
    State
    Tennessee
    Longitude
    -84.691058
    Latitude
    35.092324

    Nearby Similar for Sale

    • $561,180
      2.82 Acres

      Ocoee Commercial Land - Hwy 411/64

      Prime 2.82-acre lot, ideal retail.
      170 Creekside Dr, Ocoee, TN 37361
      View Details
    • $2,990,000
      16.35 Acres

      Ocoee, TN Development Land Opportunity

      16 Acres, Prime Development Site
      141 Creekside Dr, Ocoee, TN 37361
      View Details
    • $415,900
      2.09 Acres

      Ocoee Commercial Land - Hwy 411/64

      Prime 2.09-acre commercial lot. High-traffic location.
      156 Creekside Dr, Ocoee, TN 37361
      View Details
    • $599,900
      2.51 Acres

      Ocoee Commercial Land - Hwy 411/64

      Prime 2.51-acre retail lots near Food City.
      123 Creekside Dr, Ocoee, TN 37361
      View Details
    • $336,900
      1.69 Acres

      Ocoee Commercial Land - Hwy 411/64

      High-traffic retail lot near new Food City.
      176 Creekside Dr, Ocoee, TN 37361
      View Details
    • $49,900
      1.72 Acres

      Ocoee TN Commercial Land Trio

      1.72 Acres, Hwy 411 & 64
      136 White Water Dr, Ocoee, TN 37361
      View Details
    • $399,000
      1.41 Acres

      Ocoee Commercial Land - Hwy 411/64

      Prime 1.41-acre retail lots near new Food City.
      144 Creekside Dr, Ocoee, TN 37361
      View Details
    • $242,780
      1.22 Acres

      Ocoee Commercial Land - Hwy 411/64

      Prime 1.22-acre lot, ideal retail.
      162 Creekside Dr, Ocoee, TN 37361
      View Details

    FAQs

    What type of property is this?
    Land - Three lots totaling 1.16 acres near Parksville Lake.
    Where is this land located?
    The property is located at 109 Cherokee Ridge Dr Ocoee, TN.
    What is the asking price?
    The asking price for this property is $43,900.
    What are key features of this property?
    This property features: - Total of 1.16 acres across three adjoining lots, offering ample space and privacy.; - Located in a peaceful mountain community with beautiful views and abundant wildlife.; - Minutes from Parksville Lake, Ocoee and Hiwassee Rivers, ideal for outdoor recreation.
    (423) 650-6713
    Request Owner's contact information
    109 Cherokee Ridge Dr Ocoee, TN 37361
    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.
    109 Cherokee Ridge Dr
    Ocoee, TN 37361
    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
    109 Cherokee Ridge Dr Ocoee, TN 37361
    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
    Haley Farless
    Real Estate License ID: 383958
    (423) 650-6713
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.