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    453 Statem Gap Rd Morristown, TN 37813

    For Sale
    $155,000

    Unimproved Land - Morristown, TN

    Type:Unimproved Land
    Lot size:
    11.60 Acres
    Days on Market:
    189
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 453 Statem Gap Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Lot size
    11.60 Acres

    Building Details

    Architectural style
    Other

    BROYLES REAL ESTATE & AUCTION CO. (423) 586-6103

    Listing agent Ritchie S. Broyles (423) 586-6103 License #238154

    Listing date Jun 2, 2025

    MLS# 707812 Listing URL

    Copyright © 2025 Lakeway Area 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.

    Overview

    Morristown Land with Mobile Home

    This 11.6-acre tract of land is located in South Morristown, Tennessee. The property features mature trees and a mobile home that requires renovation. It is equipped with a septic system and public utility water. Zoned agricultural, the land has no restrictive covenants. It is located a short drive from shopping, medical facilities, and the downtown area. This property is suitable for outdoor enthusiasts, hobbyists, or those looking to keep animals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store Kitchen & Bath HVAC Service Electrical Service Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.288124
    Latitude
    36.177886

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    FAQs

    What type of property is this?
    Agricultural land - 11 acre Morristown land with mobile home and utilities.
    Where is this agricultural land located?
    The property is located at 453 Statem Gap Rd Morristown, TN.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: - Large 11-acre acreage with mature trees; - Convenient location: short drive to shopping, medical facilities, and downtown Morristown; - Existing septic system and public utility water hookups
    (423) 586-6103
    Request Owner's contact information
    453 Statem Gap Rd Morristown, TN 37813
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    Morristown, TN 37813
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    Realmo Value Estimation

    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.

    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.

    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
    453 Statem Gap Rd Morristown, TN 37813
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