Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Olivet Community Title is generated by Realmo AI

    470 OLIVET, Savannah, TN 38372

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land - Savannah, TN

    Lot size:
    0.93 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    200
    Last Refresh:
    May 24 at 11:06 am

    Property Features for 470 OLIVET

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    00
    Standard status
    Active
    Lot size
    0.93 Acres

    Taxes and HOA fees

    Tax Annual Amount
    99

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brooke Murphy

    Listing agent Brooke Murphy

    Listing office Real Broker 7121 Regal Ln, Ste 215, Knoxville, TN

    Listing date Nov 5, 2025

    MLS# 10209202 Listing URL

    Copyright © 2026 Memphis 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.

    HighLights

    • Highly sought‑after location in the desirable Olivet community.
    • Nearly an acre of land for new construction or investment.
    • Kerr Branch running along the side of the property, adding natural charm.
    • Quiet, established area.
    • Sold as land only.
    • Potential for new build.

    Overview

    This property, located in the Olivet community of Savannah, Tennessee, offers nearly an acre of land. The site features Kerr Branch running along the side, providing natural charm. A previously lived-in log cabin is present on the property, but it is no longer considered livable. The property is being sold as land only. Situated in a quiet, established area, this lot presents potential for a new build or investment opportunity. The lot size is approximately 0.93 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Auto Parts Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Hardin
    State
    Tennessee
    Longitude
    -88.200616
    Latitude
    35.197809

    Nearby Similar for Sale

    • $699,000

      Unrestricted Land on Two Highways

      22.56 acres of unrestricted land with highway frontage.
      0 HIGHWAY 69, Savannah, TN 38372
      View Details
    • $234,000

      Savannah Land with Highway Access

      High-visibility commercial land with dual access in high-traffic area.
      1019 PICKWICK, Savannah, TN 38372
      View Details
    • $799,000

      Prime Commercial Land Opportunity

      3.6 acre commercial lot in growing area near Tennessee River.
      665 WATER, Savannah, TN 38372
      View Details
    • $28,000

      Pickwick Lake Lot For Sale

      Over an acre near Pickwick Lake, ideal homesite.
      LOT 24 BRUTON BRANCH, Savannah, TN 38372-0000
      View Details
    • $699,000

      Commercial Lot in Downtown Savannah

      Commercial land for sale in the heart of Savannah.
      WATER, Savannah, TN 38372
      View Details
    • $75,000

      Waterfront Land Near Tennessee River

      Two waterfront lots totaling 1.73 acres with river access.
      450 & 460 TEAL, Savannah, TN 38372
      View Details
    • $84,900

      Tennessee Riverfront Lot in Savannah

      Waterfront lot in gated community with utilities and boat ramp.
      70 CRAVENS, Savannah, TN 38372
      View Details
    • $799,000

      Savannah Commercial Property with Warehouses

      Commercial property in Savannah, TN with warehouses and loading docks.
      365 WATER, Savannah, TN 38372
      View Details
    • $89,500

      Waterfront Lots in Gated Community

      Waterfront lots in gated community with river views.
      LOT 44 CRAVENS, Savannah, TN 38372
      View Details
    • $29,900

      5 Acre Lot Near Town

      Five acre lot near town, suitable for basement home.
      00 POPLAR SPRINGS, Savannah, TN 38372
      View Details
    • $89,500

      Waterfront Lots in Gated Community

      Waterfront lots in gated community with river views.
      LOT 47 CRAVENS, Savannah, TN 38372
      View Details
    • $429,000

      Pickwick Lake Waterfront Land Parcel

      Premier waterfront land with lake views in gated community.
      2 POINT GRAND, Savannah, TN 38372
      View Details

    FAQs

    What type of property is this?
    Land - Land in desirable Olivet community with Kerr Branch.
    Where is this land located?
    The property is located at 470 OLIVET Savannah, TN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Highly sought‑after location in the desirable Olivet community.; Nearly an acre of land for new construction or investment.; Kerr Branch running along the side of the property, adding natural charm.
    (731) 315-9812
    We can help!
    Listing Contact
    Brooke Murphy
    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
    470 OLIVET, Savannah, TN 38372
    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!