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

    415 Neergaard Ln Dunlap, TN 37327

    Sponsored
    For Sale
    Pending
    $375,000

    LAND - Dunlap, TN

    Lot size:
    20.00 Acres
    Days on Market:
    44
    Last Refresh:
    Jan 28 at 1:06 am

    Property Features for 415 Neergaard Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-1
    APN
    121 014.03
    Lot size
    20.00 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Jane Griswold

    RE/MAX Southern Properties (423) 949-4466

    Listing agent Jane Griswold (423) 949-4466 License #272010

    Listing date Dec 16, 2025

    MLS# 1515958 Listing URL

    Copyright © 2025 Greater Chattanooga 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

    20 Acres in Sequatchie Valley

    Located in the Sequatchie Valley in rural Tennessee, this 20-acre property offers a blend of tranquility and natural beauty. The land features unobstructed views of the mountains and provides ample space for farming and building a home. Improvements include a barn, pond, fencing, well, and septic tank. A tractor and camper are also included. Mobile homes are permitted on this property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Hotel & Motel Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunlap
    County
    Sequatchie
    State
    Tennessee
    Longitude
    -85.314653
    Latitude
    35.432469

    Nearby Similar for Sale

    • $538,000
      2 SF

      Commercial Property with Office and Warehouse

      Two buildings on 0.71 acres, move-in ready condition.
      29 Crestview Dr, Dunlap, TN 37327
      View Details
    • $538,000
      Pending

      Commercial Property with Office, Warehouse

      Two buildings on 0.71 acres suitable for commercial use.
      29 Crestview Dr, Dunlap, TN 37327
      View Details
    • $650,000
      5,742 SF

      Versatile Commercial Building in Dunlap

      Adaptable commercial building suitable for various business ventures.
      6031 Tn-30, Dunlap, TN 37327
      View Details
    • $199,000
      1,510 SF

      Dunlap Office Space with Amenities

      Like-new 1510 sq ft office with kitchen and bath.
      15279 Rankin Ave, Dunlap, TN 37327
      View Details
    • $220,000
      1,510 SF

      Dunlap Office Space For Sale

      1510 sq ft office space with kitchen and bath.
      15279 Rankin Ave, Dunlap, TN 37327
      View Details
    • $409,000
      1,168 SF

      Turnkey Restaurant Opportunity in Dunlap

      Thriving ice cream shop for sale in Dunlap, Tennessee.
      16696 Rankin Ave, Dunlap, TN 37327
      View Details
    • $409,000
      1,168 SF

      Turnkey Ice Cream Shop Business

      Thriving ice cream shop for sale in Dunlap, Tennessee.
      16696 Rankin Ave, Dunlap, TN 37327
      View Details
    • $775,000
      5,742 SF

      Dunlap Retail Space - Huge Potential

      Mixed-use building, 5742 sq ft, 62 acres
      6031 Sr 28, Dunlap, TN 37327
      View Details
    • $550,000
      1,596 SF

      Prime Dunlap Commercial Property

      High-visibility retail space, 1,596 sq ft
      14788 Rankin Ave, Dunlap, TN 37327
      View Details
    • $445,000
      1,168 SF

      Thriving Ice Cream Shoppe, Dunlap TN

      Turn-key business, high traffic location, established 3 years.
      16696 Rankin Ave, Dunlap, TN 37327
      View Details
    • $775,000
      5,742 SF

      Dunlap Retail Space - Huge Potential

      Mixed-use building, 1.96 acres, high traffic area.
      6031 Sr 28, Dunlap, TN 37327
      View Details
    • $445,000
      1,168 SF

      Thriving Ice Cream Shoppe in Dunlap

      Turn-key business, equipment included. High-traffic location.
      16696 Rankin Ave, Dunlap, TN 37327
      View Details

    FAQs

    What type of property is this?
    Farm - 20-acre property in rural Tennessee with mountain views and amenities.
    Where is this farm located?
    The property is located at 415 Neergaard Ln Dunlap, TN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Breathtaking unobstructed mountain views.; - 20-acre property in the tranquil Sequatchie Valley.; - Well and septic tank already in place.
    (423) 421-5199
    Request Owner's contact information
    415 Neergaard Ln Dunlap, TN 37327
    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.
    415 Neergaard Ln
    Dunlap, TN 37327
    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
    415 Neergaard Ln Dunlap, TN 37327
    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
    Jane Griswold
    Real Estate License ID: 272010
    (423) 421-5199
    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.