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    256 Atkins Rd Madisonville, TN 37354

    Sponsored
    For Sale
    $525,000

    Vacant Land - Madisonville, TN

    Lot size:
    85.99 Acres
    Days on Market:
    158
    Last Refresh:
    Jan 26 at 3:06 pm

    Property Features for 256 Atkins Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    092 008.01
    Parking features
    Garage
    Lot size
    85.99 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Matthew Carr
    Matthew Carr

    National Land Realty, Knoxville, TN (855) 384-5263

    Listing agent Matthew Carr (855) 384-5263

    Listing date Aug 22, 2025

    MLS# 11503077 Listing URL

    Copyright © 2026 My State MLS. 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

    85+ Acres of Wooded Land

    This 85.99± acre wooded property is located just 10 minutes outside Madisonville, Tennessee. Positioned halfway between Knoxville and Chattanooga and under three hours from Atlanta, the land offers both seclusion and accessibility. Approximately 27± acres are planted with Loblolly pine in 2021, with the remainder in mature, native hardwoods, including black walnut. This property is suitable for timber investment, recreational use, or residential development. Internal trails and multiple potential building sites are present, including elevated areas in the Notchy Creek Knobs with long-range views. Notchy Creek flows through the property for roughly 500 feet. Beyond the creek lies fertile bottomland and rolling ridges of established forest. This unrestricted acreage presents development potential for a family compound or rural subdivision, with the added value of long-term timber growth. Electricity is nearby, and access is via a quiet county-maintained road. The location provides easy access to the Cherokee National Forest, Cherohala Skyway, and Tellico Lake. McGhee Tyson Airport is just over an hour away. This property delivers versatility, natural resources, and long-term value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Monroe
    State
    Tennessee
    Longitude
    -84.344543
    Latitude
    35.474546

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    FAQs

    What type of property is this?
    Land - 85+ acre wooded property near Madisonville, Tennessee.
    Where is this land located?
    The property is located at 256 Atkins Rd Madisonville, TN.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Large 85.99± acre unrestricted wooded property suitable for timber investment, recreation, or residential development.; - Conveniently located between Knoxville and Chattanooga, under three hours from Atlanta, and just over an hour from McGhee Tyson Airport, offering both seclusion and accessibility.; - Features approximately 27± acres of Loblolly pine planted in 2021 and mature, native hardwoods (including black walnut) for long-term timber value.
    (865) 567-9829
    Request Owner's contact information
    256 Atkins Rd Madisonville, TN 37354
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    Madisonville, TN 37354
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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
    256 Atkins Rd Madisonville, TN 37354
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    We can help!
    Listing Contact
    Matthew Carr
    Matthew Carr
    (865) 567-9829
    Learn more
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