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    1830 Rocky Valley Rd New Market, TN 37820

    View on Map
    Sponsored
    For Sale
    $1,150,000

    LAND - New Market, TN

    Lot size:
    42.20 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 11:06 am

    Property Features for 1830 Rocky Valley Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Agriculture
    APN
    045044 03204
    Lot size
    42.20 Acres

    Utilities

    Utilities
    Electricity Available
    Water source
    Well
    Water front features
    Pond

    Building Details

    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Joseph A Taylor
    Joseph A Taylor

    Taylor Real Estate Firm

    Listing agent Joseph A Taylor (865) 850-4433

    Listing date Mar 6, 2026

    MLS# 710613

    Copyright © 2026 Lakeway Area 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

    Unrestricted East Tennessee Land

    This 42.2-acre property in New Market, Tennessee, offers unrestricted land suitable for a private homestead, mini-farm, recreational retreat, or future development. The surveyed acreage features rolling pasture, woods, and open spaces. A stocked pond enhances the property, ideal for fishing and wildlife viewing. A new well has been installed. The property includes a 2023 Keystone Montana 3763BP RV powered by 50-amp solar panels. Wildlife is abundant, including deer, turkey, and small game. The land is suitable for cattle or horses, with open grazing areas. Two metal carports provide storage for equipment, vehicles, or RVs, along with a storage shed for tools and supplies. A newly graveled driveway ensures easy access. The acreage has subdivision potential with multiple building sites. The location offers a secluded rural setting with convenient access to Jefferson City, Morristown, Knoxville, Sevierville, Pigeon Forge, Gatlinburg, Cherokee Lake, and Douglas Lake. The blend of open fields and wooded areas provides privacy and versatility. The solar-powered RV allows immediate enjoyment of the property while planning future builds. The property combines rural tranquility with easy access to shopping, schools, and major highways. Outdoor recreation, lakes, and East Tennessee destinations are within a short drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Pharmacy Auto Parts Store Kitchen & Bath Showroom Cosmetic Store Home Appliance Store Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.581261
    Latitude
    36.063232

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 42.2 acres with pond, well, RV, and solar panels.
    Where is this agricultural land / farmland located?
    The property is located at 1830 Rocky Valley Rd New Market, TN.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - 42.2 Unrestricted Acres: Build, subdivide, farm, or enjoy as desired with no HOA.; - Stocked Pond: Perfect for fishing and creating a scenic homesite.; - New Well Installed: Provides immediate access to water.
    (865) 850-4433
    Request Owner's contact information
    1830 Rocky Valley Rd New Market, TN 37820
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    New Market, TN 37820
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    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
    1830 Rocky Valley Rd New Market, TN 37820
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    We can help!
    Listing Contact
    Joseph A Taylor
    Joseph A Taylor
    Real Estate License ID: 353253
    (865) 850-4433
    Learn more
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