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

    2 / 3 W Of Barlow Rd Rock Island, TN 38581

    View on Map
    Pending
    $162,500

    LAND - Rock Island, TN

    Lot size:
    0.00 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    21
    Last Refresh:
    Apr 8 at 1:06 pm

    Property Features for 2 / 3 W Of Barlow Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Pending
    APN
    013.00
    Lot size
    0.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    200

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water front features
    Pond, Waterfront

    We can help!

    Listing Contact
    Matt Elrod

    Listing agent Matt Elrod License #335469

    Listing office Whitetail Properties Real Estate 68 E. Broadway, Cookeville, TN

    Listing date Mar 19, 2026

    MLS# 240354

    Copyright © 2026 Upper Cumberland 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.

    Overview

    Unrestricted Acreage in Rock Island

    This property in the Rock Island area offers unrestricted acreage suitable for building a home or mini farm. The land features rolling hills, mature trees, and open pasture, complemented by mountain and valley views. Water and electric utilities are available on site. The property has road frontage, a small pond, and a wooded area. It is located minutes from Rock Island National Park, offering opportunities for outdoor activities such as hiking, boating, kayaking, and camping.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Rock Island
    County
    Warren
    State
    Tennessee
    Longitude
    -85.5764126
    Latitude
    35.7748159

    Nearby Similar for Sale

    • $299,900
      4,725 SF

      Rock Island Boat Storage Units

      Boat storage near Caney Fork, Collins, and Rocky Rivers.
      1538 Pine Bluff Road, Rock Island, TN 38581
      View Details
    • $599,000

      Rocky River Frontage Land

      12.25 acres with 875 feet of Rocky River frontage.
      6750 Spencer Rd, Rock Island, TN 38581
      View Details
    • $195,000

      Rocky River Waterfront Land

      1.8+ acre lot with 288 feet of river frontage.
      Anchor Bend Dr. lot: 65, Rock Island, TN 38581
      View Details
    • $104,900

      Rocky River Waterfront Land

      0.68-acre riverfront property on the Rocky River.
      Hidden River Rd lot: 73, Rock Island, TN 38581
      View Details
    • $84,500

      Unrestricted Acreage in Rock Island

      5 acres of unrestricted land near Rock Island National Park.
      Tract 2 W Of Barlow Rd, Rock Island, TN 38581
      View Details
    • $115,000

      Dockable Waterfront Land in Rock Island

      1.08-acre waterfront property on the Rocky River.
      Hidden River Rd lot: 8, Rock Island, TN 38581
      View Details
    • $199,500

      Unrestricted Tennessee Farm Tract

      12.65-acre farm tract with mature trees and rolling pastures.
      Tract 7 W Of Barlow Rd, Rock Island, TN 38581
      View Details
    • $142,000

      Riverfront Lot in Rock Island

      Almost 1-acre riverfront lot in a desirable community.
      Hidden River Road lot: 9, Rock Island, TN 38581
      View Details
    • $65,000

      5.5 Acre Corner Parcel

      Residential homesite or long-term hold opportunity in Rock Island.
      Wragg Blvd, Rock Island, TN 38581
      View Details
    • $74,000

      Rock Island Land with Views

      5+ acre lot in private country setting with mountain views.
      Ranchside Court lot: 38, Rock Island, TN 38581
      View Details
    • $3,995,000

      Turnkey Marina with Restaurant & Store

      Ready-to-operate marina with multiple income streams in Rock Island.
      1967 Rock Island Rd, Rock Island, TN 38581
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Acreage with rolling hills, mature trees, and mountain views.
    Where is this agricultural land / farmland located?
    The property is located at 2 / 3 W Of Barlow Rd Rock Island, TN.
    What is the asking price?
    The asking price for this property is $162,500.
    What are key features of this property?
    This property features: Unrestricted acreage ideal for building a dream home or mini farm.; Breathtaking mountain and valley views with rolling hills, mature trees, and open pasture.; Water and electric already on site for convenient building.
    (931) 808-6422
    We can help!
    Listing Contact
    Matt Elrod
    Real Estate License ID: 335469
    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!