Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Dockable Waterfront Land Opportunity Title is generated by Realmo AI

    281 Blackburn Lane, Lenoir City, TN 37771

    View on Map
    Claim this Listing
    For Sale
    $895,000

    LAND - Lenoir City, TN

    Lot size:
    8.25 Acres
    Added:
    Mar 22, 2026
    Days on Market:
    63
    Last Refresh:
    May 23 at 7:06 am

    Property Features for 281 Blackburn Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    050 017.07
    Lot size
    8.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1124

    We can help!

    Listing Contact
    Chris Cook

    Listing agent Chris Cook

    Listing office Honors Real Estate Services LLC 115 Suburban Road, Knoxville, TN

    Listing date Mar 22, 2026

    MLS# 1333685 Listing URL

    Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 8. 25‑acre dockable waterfront property with 381 feet of shoreline
    • Two dock permits and two septic permits approved for a 4‑bedroom main home and a 1‑bedroom guest home
    • Multiple premium build sites on rolling to flat, usable land
    • Basic dock and driveway installed; water and electric available at the street
    • Zoned A‑2 with no HOA and minimal restrictions, allowing horses, chickens, and gardening
    • Close proximity to shopping, dining, and Knoxville

    Overview

    This 8.25-acre waterfront tract in Lenoir City, Tennessee, presents a rare opportunity with approximately 381 feet of shoreline. The land features a blend of rolling and flat, usable areas with multiple potential build sites, suitable for a private estate, family compound, farmette, or homestead. The property has two dock permits and two septic permits already in place, approved for a 4-bedroom main home and a 1-bedroom guest home, with potential for upgrades. A basic dock is constructed, a driveway is installed, and water and electric are available at the street. Zoned A-2 with no HOA and minimal restrictions, the property allows for horses, chickens, gardening, and an organic lifestyle. The area is known for its peaceful, scenic character and abundant wildlife, including deer and turkey. The property is conveniently close to shopping, dining, and Knoxville. The seller is offering the property as a whole. The seller is in the process of subdividing the property into two roughly 4 acre lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.369997
    Latitude
    35.888732

    Nearby Similar for Sale

    • $800,000

      Versatile Land in Lenoir City

      8.73 acres with interstate access and utilities available.
      Highway 321 N, Lenoir City, TN 37771
      View Details
    • $379,000
      1,344 SF

      Lenoir City Duplex Investment Opportunity

      Income-producing duplex near Lenoir City Park. Great investment opportunity.
      2182 Lakeview Rd, Lenoir City, TN 37772
      View Details
    • $450,000

      Lenoir City Land with Views

      2.53-acre lot with mountain views near West Knoxville amenities.
      Dunsmore Rd lot: 2, Lenoir City, TN 37771
      View Details
    • $450,000

      Lenoir City Land with Views

      2.53-acre lot with mountain views near West Knoxville amenities.
      Dunsmore Rd lot: 1, Lenoir City, TN 37771
      View Details
    • $170,000

      Residential Lot in Lenoir City

      0.9-acre lot in lakefront subdivision, convenient to amenities.
      Brooksview Rd lot: 137, Lenoir City, TN 37772
      View Details
    • $450,000

      Land with Mountain Views

      2.53-acre property with mountain views near West Knoxville.
      Dunsmore Rd lot: 3, Lenoir City, TN 37771
      View Details
    • $82,000

      Lenoir City Homesite Opportunity

      Spacious homesite in established neighborhood, convenient to amenities.
      141 Tristan Court, Lenoir City, TN 37772
      View Details
    • $699,900

      Unrestricted Lakefront Land Opportunity

      1.43-acre lakefront lot on Fort Loudoun Lake with utilities.
      3798 Lakeland Drive, Lenoir City, TN 37772
      View Details
    • $547,500

      Estate-Sized Lot in Lenoir City

      5-acre lot near West Knoxville, Lenoir City, and Fort Loudon Lake.
      22400 Martel Rd, Lenoir City, TN 37772
      View Details
    • $260,000

      Lenoir City Land Opportunity

      7.33 acres near lake access, shops, and recreation.
      3697 Jackson Bend Rd, Lenoir City, TN 37772
      View Details
    • $450,000

      Lakefront Lot in WindRiver Community

      Large corner lot with lake views and marina proximity.
      2030 Marina Way, Lenoir City, TN 37772
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 8.25-acre waterfront tract with dock and septic permits.
    Where is this waterfront land located?
    The property is located at 281 Blackburn Lane Lenoir City, TN.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 8. 25‑acre dockable waterfront property with **381 feet of shoreline**; Two dock permits and two septic permits approved for a 4‑bedroom main home and a 1‑bedroom guest home; Multiple premium build sites on rolling to flat, usable land
    (608) 477-7566
    We can help!
    Listing Contact
    Chris Cook
    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

    Thank You for Inquiry
    281 Blackburn Lane, Lenoir City, TN 37771
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!