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    2114 Powell River Rd Tazewell, TN 37879

    Sponsored
    For Sale
    $3,545,000

    COMMERCIAL - Tazewell, TN

    Property size:
    3,200 SF
    Lot size:
    685.00 Acres
    Days on Market:
    85
    Last Refresh:
    Feb 27 at 10:06 pm

    Property Features for 2114 Powell River Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    A-1
    APN
    019 025.00
    Size
    3,200 SF
    Lot size
    685.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2025
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    David C Cantrell

    VIP HOME REALTY (317) 691-5390

    Listing agent David Cantrell (828) 230-7778 License #345533

    Listing date Dec 5, 2025

    MLS# 9989021

    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

    Expansive Riverfront Farm Property

    Located in Hancock County, this 685-acre property features a blend of residential construction, grazing land, and natural resources, including approximately 5.25 miles of Powell River frontage. The property is designed for cattle, hunting, or a multi-use homestead. A newly constructed 3,200 sq. ft. barndominium includes 3 bedrooms, 3 bathrooms, 10' ceilings, walk-in closets, dual HVAC systems, propane hookups, 2 drinking wells, a water filtration system, and a 1,100-gallon septic system. Two 16'x40' covered porches offer views of the surrounding land. Attached to the home is a 40'x60' drive-through garage with 14-20 ft ceilings and a full bath. The acreage includes open pasture, rolling topography, and timber. The property is fenced and cross-fenced, with improved grazing zones and fenced areas adjoining the barn. An additional farm well, auto-watering stations, and three to four ponds provide water distribution for cattle and wildlife. The farm is enrolled in Greenbelt, providing tax benefits. Established shooting houses and tree stands are in place. A network of internal roads and trails provides access across the property. The Powell River enhances wildlife travel, seasonal bedding areas, and water-based recreation, with gravel bars, gentle bends, shaded banks, and multiple access points. Additional improvements include a barn suitable for equipment storage or livestock support. Located 10-15 minutes from Sneedville, 35-40 minutes from Rogersville, and about 50 minutes from Morristown, the property maintains privacy while staying convenient to nearby towns and services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tazewell
    County
    Claiborne
    State
    Tennessee
    Longitude
    -83.363507
    Latitude
    36.577386

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      Waterfront Land on Norris Lake

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    FAQs

    What type of property is this?
    Farm - 685-acre farm with 5.25 miles of Powell River frontage.
    Where is this farm located?
    The property is located at 2114 Powell River Rd Tazewell, TN.
    What is the asking price?
    The asking price for this property is $3,545,000.
    What are key features of this property?
    This property features: - Extensive 5.25+\/- miles of Powell River frontage offering year-round water access.; - **Newly constructed 3,200+\/- sq. ft. barndominium featuring 3 beds, 3 baths, modern amenities, and large porches.**; - Expansive 685 +\/- acre tract suitable for cattle, hunting, or a multi-use homestead.
    (828) 230-7778
    Request Owner's contact information
    2114 Powell River Rd Tazewell, TN 37879
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    Tazewell, TN 37879
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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
    2114 Powell River Rd Tazewell, TN 37879
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    We can help!
    Listing Contact
    David C Cantrell
    Real Estate License ID: 345533
    (828) 230-7778 (931) 372-1844
    Learn more
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