Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    227 Elihu Rd Sneedville, TN 37869

    View on Map
    Sponsored
    For Sale
    $100,000

    LAND - Sneedville, TN

    Type:Single Family Residence
    Property size:
    830 SF
    Lot size:
    7.00 Acres
    Days on Market:
    38
    Last Refresh:
    Mar 16 at 5:06 pm

    Property Features for 227 Elihu Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    054 06400 000
    Fencing
    Barbed Wire
    Size
    830 SF
    Lot size
    7.00 Acres

    Utilities

    Utilities
    Phone Available

    Building Details

    Additional Structures
    Residence

    We can help!

    Listing Contact
    Teresa M Suarez

    Creek Country Real Estate (423) 300-2548

    Listing agent Teresa M Suarez (423) 733-9380

    Listing date Feb 6, 2026

    MLS# 709854

    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

    Sneedville Land with Development Potential

    This 7-acre property in Sneedville, TN, presents an opportunity for a mini-farm or a home site. The land, cleared and developed with fields and surrounding woods, may have functioned as a farm since the 1930s. The property includes an old house of approximately 830 square feet, which, while in poor condition with small rooms and low ceilings, could potentially be used for storage or, with renovations, retain its historic flavor. The land offers potential home sites, with views that could be magnified further up the hill. An established inroad leads up the hill. The seller lived in the house until recently. An old septic system may still be functional if water is accessible. Water was previously supplied by a city-maintained spring, but this source is no longer viable due to broken pipes. A field across Elihu Road is also part of the property. The property can be used for various purposes. There may be a pump that was used to draw water from the spring. A single burial site with a headstone is located on the property near the barn. The Clinch School K-12 is highly regarded in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Sneedville
    County
    Hancock
    State
    Tennessee
    Longitude
    -83.17474
    Latitude
    36.506076

    Nearby Similar for Sale

    • $599,999
      3,000 SF

      Sneedville Commercial Building on 15 Acres

      Versatile commercial building with mountain views, ideal for various ventures.
      496 River Rd, Sneedville, TN 37869
      View Details
    • $599,999
      3,000 SF

      Sneedville Commercial Building on 15 Acres

      Versatile commercial building with mountain views, ideal for various ventures.
      496 River Rd, Sneedville, TN 37869
      View Details
    • $250,000
      2,040 SF

      Sneedville Commercial Property on Main

      Versatile commercial building with living space in downtown Sneedville.
      1097 Main St, Sneedville, TN 37869
      View Details
    • $205,000
      28.25 Acres

      Sneedville Land with Creek

      28.25 acres featuring a spring-fed creek and mature woods.
      3263 Trents Chapel Rd, Sneedville, TN 37869
      View Details
    • $3,999,999
      502.00 Acres

      East Tennessee Mountain Estate

      502-acre estate with river frontage near Sneedville, Tennessee.
      502/Ac Tbd Gregory Rd, Sneedville, TN 37869
      View Details
    • $169,000
      2,700 SF

      Well-Kept Commercial Building Downtown

      2700 sq ft commercial building in downtown Sneedville, TN.
      333 Campbell Dr, Sneedville, TN 37869
      View Details
    • $2,450,000
      Pending

      Sneedville Office/Retail/Medical Building For Sale

      Office, medical, or retail building with parking in Sneedville, TN.
      115 Broadway Ave, Sneedville, TN 37830
      View Details
    • $169,000
      Pending

      Well-Kept Commercial Building in Sneedville

      2700 sq ft commercial building, formerly a medical facility.
      333 Campbell Dr, Sneedville, TN 37869
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 7-acre land with development potential and possible historic home.
    Where is this agricultural land / farmland located?
    The property is located at 227 Elihu Rd Sneedville, TN.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - Ample land suitable for a mini-farm or custom home site; - Beautiful fields and woods provide privacy and scenic views; - Established inroad to potential home sites with magnified views
    (886) 812-5844
    Request Owner's contact information
    227 Elihu Rd Sneedville, TN 37869
    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.
    227 Elihu Rd
    Sneedville, TN 37869
    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
    227 Elihu Rd Sneedville, TN 37869
    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
    Teresa M Suarez
    Real Estate License ID: 324741
    (886) 812-5844 (423) 733-9380 (423) 300-2548
    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!