Sign Up Successful!
You now have access to more from Realmo!
    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

    301 Highbridge Dr, Unit 301 Smithville, TN 37166

    Sponsored
    For Sale
    $69,900

    LAND - Smithville, TN

    Lot size:
    1.02 Acres
    Days on Market:
    62
    Last Refresh:
    Jan 26 at 8:06 am

    Property Features for 301 Highbridge Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    resi
    APN
    B 002.00
    Lot size
    1.02 Acres

    Utilities

    Utilities
    Natural Gas Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Todd Hasty

    EXP REALTY LLC (888) 519-5113

    Listing agent Todd Hasty (931) 345-3283

    Listing date Nov 26, 2025

    MLS# 231318 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Lakefront Lot in Bluewater Bay

    This 1.02-acre lakefront lot offers an opportunity to build a dream lake home on Center Hill Lake. The property features 158 feet of corps frontage and is located in the Bluewater Bay community. The gently sloping lot is suitable for a walkout basement home with panoramic lake views. The property is located in Smithville, TN. Bluewater Bay amenities include a 75-foot pool, clubhouse, fitness center, and walking trails. A nearby boat ramp is located 10 minutes away, and Hidden Harbor Marina is across Holmes Creek. The property is zoned for residential use and could be used as a vacation rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Smithville
    County
    DeKalb
    State
    Tennessee
    Longitude
    -85.812794
    Latitude
    36.029484

    Nearby Similar for Sale

    • $460,000
      4,730 SF

      Retail Building with Apartment, Smithville

      1.99 acres with 4,730 SF building, retail or multifamily potential.
      3714 NW Mcminnville Hwy, Smithville, TN 37166
      View Details
    • $450,000
      2,288 SF

      Spacious Brick Home on Acreage

      Three-bedroom home with bonus room, garages, and ample land.
      186 Pine Creek Dr, Smithville, TN 37166
      View Details
    • $275,000
      1,366 SF

      Updated Home in Smithville

      Move-in ready 3-bedroom, 2-bath home near Center Hill Lake.
      1025 Holiday Haven Rd, Smithville, TN 37166
      View Details
    • $468,999
      6,065 SF

      Retail Property with Ample Parking

      Retail property featuring masonry construction, metal roof, and road frontage.
      443 E Broad St, Smithville, TN 37166
      View Details
    • $365,000
      1,233 SF

      Smithville Mixed-Use Commercial Property

      High-traffic location, excellent retail opportunity.
      481 Broad St, Smithville, TN 37166
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.02-acre lakefront lot with 158' frontage on Center Hill Lake.
    Where is this residential land & home lot located?
    The property is located at 301 Highbridge Dr, Unit 301 Smithville, TN.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: - 158' of Corps Frontage on Center Hill Lake offering direct lake access.; - 1.02-acre gently sloping lot ideal for a walkout basement home with panoramic lake views.; - Access to Bluewater Bay's exclusive amenities: 75' pool, clubhouse, fitness center, and walking trails.
    (931) 345-3283
    Request Owner's contact information
    301 Highbridge Dr, Unit 301 Smithville, TN 37166
    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.
    301 Highbridge Dr, Unit 301
    Smithville, TN 37166
    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
    301 Highbridge Dr, Unit 301 Smithville, TN 37166
    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
    Todd Hasty
    Real Estate License ID: 287416
    (931) 345-3283
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.