Add Listing
    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

    340 Melinda Ferry Road Rogersville, TN 37857

    View on Map
    Claim this Listing
    For Sale
    $675,000

    LAND - Rogersville, TN

    Lot size:
    44.39 Acres
    Added:
    Apr 3, 2025
    Days on Market:
    383
    Last Refresh:
    Apr 20 at 6:06 am

    Property Features for 340 Melinda Ferry Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rs
    Standard status
    Active
    APN
    124 017.00
    Lot size
    44.39 Acres

    Taxes and HOA fees

    Tax Annual Amount
    80

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    River Front
    Water front
    1

    We can help!

    Listing Contact
    Jim Griffin
    Jim Griffin

    Listing agent Jim Griffin License #310406

    Listing office LPT Realty - Griffin Home Group 4718 Lake Park Drive Suite 2, JOHNSON CITY, TN

    Listing date Apr 3, 2025

    MLS# 9978230 Listing URL

    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.

    Overview

    Waterfront Land on Melinda's Ferry

    This 44.39-acre property on Melinda's Ferry presents an opportunity for a waterfront retreat. Known for walleye and white bass fishing, it provides a setting for outdoor enthusiasts who enjoy quiet days by the water. With well, septic, and electric already in place, this land is ready for immediate use, suitable for either a weekend getaway or a permanent residence. The property offers views of the water and surrounding landscape, making it an ideal location for nature lovers seeking a serene escape. The natural beauty of the area, combined with practical amenities, creates a foundation for building a dream home or retreat. The property is located in Rogersville, Hawkins County, Tennessee, with a zoning designation of 'Rs'.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogersville
    County
    Hawkins
    State
    Tennessee
    Longitude
    -83.086945
    Latitude
    36.370026

    Nearby Similar for Sale

    • $379,000
      6,386 SF

      Rogersville Commercial Property For Sale

      Versatile commercial property with multiple income-producing possibilities on 2.77 acres.
      5168 Highway 11w, Rogersville, TN 37857
      View Details
    • $350,000
      4,080 SF

      Versatile Commercial Building, Rogersville

      Commercial building with office, warehouse, and flexible finished space.
      362 Colonial Road, Rogersville, TN 37857
      View Details
    • $414,000
      7,620 SF

      Rogersville Commercial Building on Highway 66

      7,620 SF commercial building on 1.16 acres with high visibility.
      3825 S Highway 66, Rogersville, TN 37857
      View Details
    • $698,000
      3,032 SF

      Multi-Unit Investment Opportunity in Rogersville

      Versatile multi-unit property with apartments and a townhouse in Tennessee.
      100 N Church Street, Rogersville, TN 37857
      View Details
    • $375,000
      1,920 SF

      Rogersville Commercial Opportunity on Highway

      Commercial building with highway frontage suitable for various business ventures.
      2123 Highway 70n, Rogersville, TN 37857
      View Details
    • $1,999,900
      9,000 SF

      Downtown Rogersville Dual-Property Investment

      Two adjoining commercial properties in historic downtown Rogersville, Tennessee.
      114 & 116 E Main Street, Rogersville, TN 37857
      View Details
    • $929,900

      Rogersville Land with Rolling Pastures

      101.8-acre property with pastures, ponds, and scenic views.
      Webster Valley Road, Rogersville, TN 37857
      View Details
    • $435,000
      5,400 SF

      Main Street Commercial Building, Rogersville

      Commercial building on Main Street with high traffic and fiber internet.
      500 W Main Street, Rogersville, TN 37857
      View Details
    • $349,000

      Versatile Land Parcel in Rogersville

      5.26-acre property suitable for residential or commercial development.
      Highway 11w, Rogersville, TN 37857
      View Details
    • $43,850

      Land in Hawkins County, Tennessee

      6-acre land parcel with views near Rogersville, Tennessee.
      Tbd11 N Highway 66, Rogersville, TN 37857
      View Details
    • $119,900

      Rogersville Land with Development Potential

      7.73 acres near downtown Rogersville, ideal for development.
      Devils Nose Road, Rogersville, TN 37857
      View Details
    • $95,000

      Secluded Mountain Retreat Land

      6.24-acre wooded parcel with mountain views and homesite clearings.
      371 Pressmens Home Road, Rogersville, TN 37857
      View Details

    FAQs

    What type of property is this?
    Land - 44-acre waterfront property with well, septic, and electric in place.
    Where is this land located?
    The property is located at 340 Melinda Ferry Road Rogersville, TN.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 44‑acre waterfront property on Melinda's Ferry.; Known for walleye and white bass fishing.; Well, septic, and electricity are already in place.
    (423) 482-0743
    We can help!
    Listing Contact
    Jim Griffin
    Jim Griffin
    Real Estate License ID: 310406
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!