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

    403 Gallery Ct Lenoir City, TN 37772

    Sponsored
    For Sale
    $275,000

    LAND - Lenoir City, TN

    Lot size:
    0.38 Acres
    Days on Market:
    29
    Last Refresh:
    Feb 4 at 5:06 pm

    Property Features for 403 Gallery Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    034E C 308.00
    Lot size
    0.38 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Joseph Ayres

    WindRiver Properties, LLC (865) 988-1864

    Listing agent Joseph Ayres (865) 988-1864

    Listing date Jan 7, 2026

    MLS# 1320464 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.

    Learn more

    Property Insight Report

    Overview

    Golf-Front Property in WindRiver

    Located in the growing WindRiver community along Lake Tellico, this property offers golf-front living with views of the meticulously designed course. Situated on a 0.38-acre homesite, this property presents the opportunity to build a custom dream home. The location allows for the possibility of relaxing beside a private pool or entertaining guests in outdoor living spaces. As part of a secure, gated enclave, residents have access to the Marina, Sports Club, Brightwater Park, and Citico's Restaurant. WindRiver is a lakefront community with no state income tax, located close to shopping and the airport. The community includes championship golf, a marina, and a new clubhouse is planned. Disclaimer: WindRiver has noted inaccuracies in third-party climate risk data. Buyers are encouraged to verify information through trusted sources like FEMA or consult a licensed real estate agent for additional guidance. WindRiver does not guarantee the accuracy of external climate data and assumes no liability for decisions made based on such information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Hotel & Motel Grocery & Convenience Store Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.245008
    Latitude
    35.750188

    Nearby Similar for Sale

    • $975,000
      Pending

      Lenoir City Multifamily Investment

      Eight-unit apartment complex in Lenoir City, Tennessee.
      1688 Old Highway 95, Lenoir City, TN 37771
      View Details
    • $450,000
      0.47 Acres

      Lakefront Lot in WindRiver Community

      Exceptional lake lot with deep water cove and planned amenities.
      1595 Halyard Rd, Lenoir City, TN 37772
      View Details
    • $549,900
      3,020 SF

      Lenoir City Multifamily Investment

      Multifamily property in Lenoir City with updated units.
      400 W 2Nd Ave, Lenoir City, TN 37771
      View Details
    • $465,000
      2,196 SF

      Renovated Duplex in Lenoir City

      Fully renovated duplex in Lenoir City with modern upgrades.
      1104 W Broadway St, Lenoir City, TN 37771
      View Details
    • $1,550,000
      0.43 Acres

      Lakefront Property in Gated Community

      Lakefront property with mountain views and access to marina.
      272 Edgewater Way, Lenoir City, TN 37772
      View Details
    • $2,750,000
      18,750 SF

      Lenoir City Office Building For Sale

      18,750 SF office building with flexible design potential.
      2265 Old Highway 95, Lenoir City, TN 37771
      View Details
    • $600,000
      1,670 SF

      Lenoir City Office Investment Opportunity

      Recently renovated office space occupied by long-term tenants.
      1015 E 1St Ave, Lenoir City, TN 37771
      View Details

    FAQs

    What type of property is this?
    Land - Prime homesite with golf course views in a gated community.
    Where is this land located?
    The property is located at 403 Gallery Ct Lenoir City, TN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Golf-front property with expansive fairway views in the exclusive WindRiver community on Lake Tellico.; - Opportunity to build a custom dream home on a spacious homesite within a secure, gated community.; - Access to resort-style amenities including a Marina, Sports Club, Brightwater Park, and Citico's Restaurant.
    (865) 988-1864
    Request Owner's contact information
    403 Gallery Ct Lenoir City, TN 37772
    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.
    403 Gallery Ct
    Lenoir City, TN 37772
    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
    403 Gallery Ct Lenoir City, TN 37772
    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
    Joseph Ayres
    (865) 988-1864
    Learn more
    Google sign-in failed. Please try again or use another login method.