Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    440 Cody Lane Madisonville, TN 37354

    View on Map
    Claim this Listing
    For Sale
    $135,000

    LAND - Madisonville, TN

    Lot size:
    5.45 Acres
    Added:
    Aug 12, 2025
    Days on Market:
    269
    Last Refresh:
    May 7 at 7:06 pm

    Property Features for 440 Cody Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    081 015.13
    Lot size
    5.45 Acres

    Taxes and HOA fees

    Tax Annual Amount
    246

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    James P. Lee
    James P. Lee

    Listing agent James P. Lee

    Listing office Norman Lee Real Estate 4263 Highway 411 N #2, Madisonville, TN

    Listing date Aug 12, 2025

    MLS# 1311832 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

    • Cleared house site ready for construction.
    • City water and power available in the street.
    • Double wides are allowed.
    • Lightly restricted property.
    • Soil map available.
    • All wooded lot.

    Overview

    Residential Land in Madisonville, TN

    This 5.45-acre property in Madisonville, TN, is lightly restricted, permitting double-wide homes. The house site is already cleared. A soil map is available. City water and power are accessible in the street. The property is wooded. It is located in Monroe County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Madisonville
    County
    Monroe
    State
    Tennessee
    Longitude
    -84.3362
    Latitude
    35.4898

    Nearby Similar for Sale

    • $349,900

      Highway 411 Land For Sale

      Ready to build lot in rapidly growing area.
      3610 Highway 411, Madisonville, TN 37354
      View Details
    • $549,900

      Monroe County Farmland with Mountain Views

      36.92 acres of rolling farmland with mountain views.
      132 Badger Rd, Madisonville, TN 37354
      View Details
    • $229,000

      Madisonville Land with Highway Frontage

      15.79 acre parcel with commercial and residential potential.
      New Highway 68, Madisonville, TN 37354
      View Details
    • $330,000

      Acreage with Mountain Views, Creek, Pond

      15.36 acres in Madisonville, TN with mountain views.
      Green Hill Rd, Madisonville, TN 37354
      View Details
    • $54,900

      Waterfront Lot in Gated Community

      Dockable waterfront lot in a private, gated mountain community.
      Laurel Lake Circle Lot 43, Madisonville, TN 37354
      View Details
    • $74,900

      Residential Land in Monroe County

      0.70-acre lot suitable for site-built or modular homes.
      271 Thompson Rd, Madisonville, TN 37354
      View Details
    • $299,000

      Prime Residential Development Land

      9+ acre Madisonville tract ideal for residential development.
      Isbill Rd, Madisonville, TN 37354
      View Details
    • $119,000

      Laurel Lake Gated Community Land

      Two adjoining lots with lake access in gated community.
      748 Laurel Lake Circle, Madisonville, TN 37354
      View Details
    • $699,900

      Acreage in Madisonville, Tennessee

      49.65 acres of land suitable for multiple dwellings.
      325 Countryside Lane, Madisonville, TN 37354
      View Details
    • $89,000

      Residential Land in Madisonville, TN

      Over one acre of gently wooded land near Madisonville.
      E Crestview Drive Lot 1, Madisonville, TN 37354
      View Details
    • $850,000

      89 Acres Bordering Tellico Lake

      89.31 acres with lake access, mountain views, and utilities.
      971 Scenic River Rd, Madisonville, TN 37354
      View Details
    • $649,900

      21 Acres with Mountain Views

      Private 21-acre property with mountain views and utilities.
      110 Garren Rd, Madisonville, TN 37354
      View Details

    FAQs

    What type of property is this?
    Land - 5.45 acres of lightly restricted land ready for development.
    Where is this land located?
    The property is located at 440 Cody Lane Madisonville, TN.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Cleared house site ready for construction.; City water and power available in the street.; Double wides are allowed.
    (423) 442-3945
    We can help!
    Listing Contact
    James P. Lee
    James P. Lee
    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

    Thank You for Inquiry
    440 Cody Lane, Madisonville, TN 37354
    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!