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

    123 Spindletop Dr Rogersville, TN 37857

    Sponsored
    For Sale
    $35,000

    LAND - Rogersville, TN

    Days on Market:
    68
    Last Refresh:
    Mar 4 at 5:06 pm

    Property Features for 123 Spindletop Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    APN
    100n F 011.00

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Ella Scissom
    Ella Scissom

    The Addington Agency Bristol (423) 845-5800

    Listing agent Ella Scissom (423) 384-1370 License #323949

    Listing date Dec 27, 2025

    MLS# 9974821

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Rogersville, TN

    This residential land is located within Rogersville city limits. The property is situated in a quiet neighborhood characterized by custom-built homes. City sewer and city water are available at the road. The area benefits from curbs and street lights. The zoning is R-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogersville
    County
    Hawkins
    State
    Tennessee
    Longitude
    -83.0259
    Latitude
    36.399483

    Nearby Similar for Sale

    • $399,960
      2,808 SF

      Historic Rogersville Commercial Property For Sale

      Two-story commercial building on Main Street in Rogersville, Tennessee.
      812 E Main St, Rogersville, TN 37857
      View Details
    • $414,000
      7,620 SF

      Rogersville Commercial Building on Highway 66

      7,620 SF commercial building on 1.16 acres with high visibility.
      3825 Highway 66 S, Rogersville, TN 37857
      View Details
    • $399,000
      6,386 SF

      Rogersville Commercial Property on 2.77 Acres

      Versatile commercial property with warehouse, office spaces, and income potential.
      5168 Highway 11W, Rogersville, TN 37857
      View Details
    • $380,000
      4,080 SF

      Versatile Commercial Building, Rogersville, TN

      Mixed-use commercial building with office, warehouse, and living space.
      362 Colonial Rd, Rogersville, TN 37857
      View Details
    • $435,000
      5,400 SF

      Main Street Commercial Building, Rogersville

      Commercial building on Main Street with high traffic and fiber internet.
      500 W Main St, Rogersville, TN 37857
      View Details
    • $179,900
      Pending

      Rogersville Office Building For Sale

      Former office building with high visibility and flexible M-1 zoning.
      520 W Main St, Rogersville, TN 37857
      View Details
    • $169,180
      30.76 Acres

      Historic Century Farm Opportunity

      30.76 acre Century Farm in Rogersville, Tennessee.
      2 Sandy Valley Rd, Rogersville, TN 37857
      View Details
    • $169,180
      30.76 Acres

      Historic Century Farm Land

      30.76+/- acre historic farm in Rogersville, Tennessee.
      2 Sandy Valley Rd, Rogersville, TN 37857
      View Details
    • $199,900
      37.58 Acres

      Historic Century Farm Opportunity

      37.58-acre Century Farm in Rogersville, Tennessee, for sale.
      1 Sandy Valley Rd, Rogersville, TN 37857
      View Details
    • $199,900
      37.58 Acres

      Historic Century Farm Awaits

      37.58-acre historic farm in Rogersville, Tennessee.
      1 Sandy Valley Rd, Rogersville, TN 37857
      View Details
    • $349,900
      3,266 SF

      Historic Clifton Building in Rogersville

      Iconic, restored mixed-use building in the heart of Rogersville's historic district.
      204 Main St E, Rogersville, TN 37857
      View Details
    • $750,000
      5,667 SF

      Rogersville Historic District Brick Building

      15,069 SF building in the heart of Rogersville Historic District.
      316 E Main St, Rogersville, TN 37857
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building lot in a quiet neighborhood with city utilities.
    Where is this residential land & home lot located?
    The property is located at 123 Spindletop Dr Rogersville, TN.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - Building lot within Rogersville city limits.; - City sewer and water available at the road.; - Located in a quiet neighborhood.
    (423) 384-1370
    Request Owner's contact information
    123 Spindletop Dr Rogersville, TN 37857
    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.
    123 Spindletop Dr
    Rogersville, TN 37857
    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
    123 Spindletop Dr Rogersville, TN 37857
    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
    Ella Scissom
    Ella Scissom
    Real Estate License ID: 323949
    (423) 384-1370
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!