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

    580 Preservation Drive, South Pittsburg, TN 37380

    View on Map
    Claim this Listing
    For Sale
    $69,500

    LAND - South Pittsburg, TN

    Lot size:
    6.75 Acres
    Added:
    Dec 16, 2024
    Days on Market:
    536
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 580 Preservation Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    114 001.04
    Lot size
    6.75 Acres

    Taxes and HOA fees

    Tax Description
    MIN TR 44-20 WPPLLC
    Tax Annual Amount
    360

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Private

    We can help!

    Listing Contact
    James Perry

    Listing agent James Perry License #228482

    Listing office The James Company Real Estate Brokers & Development 6150 Shallowford Rd Ste 101, CHATTANOOGA, TN

    Listing date Dec 16, 2024

    MLS# 1504552 Listing URL

    Copyright © 2026 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.

    HighLights

    • Expansive 6.75‑acre property with breathtaking views overlooking the Horizons of Franklin Forest.
    • Located in The Ridges at Franklin, a desirable gated community.
    • Wooded property featuring walking and riding trails for recreation and enhanced privacy.
    • Ideal tiered topography, perfect for building a custom home with a daylight, garden‑level basement.
    • Enjoy abundant wildlife, including deer, turkeys, and eagles.
    • Convenient access to both South Pittsburg and Chattanooga, Tennessee.

    Overview

    This 6.75-acre property is located within The Ridges at Franklin, a gated community. The wooded land offers privacy and features walking and riding trails throughout the community. The gently rolling topography includes an excellent building site designed to capture views and incorporate a daylight, garden-level leading to a pool or entertainment area. The tiered, three-level topography is suited for privacy and views. The property is located near South Pittsburg and Chattanooga, Tennessee. The land is zoned R-1 and offers opportunities for custom home construction with minimal site preparation. The property overlooks the Horizons of Franklin Forest and is home to wildlife such as deer, turkeys, and eagles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    South Pittsburg
    County
    Marion
    State
    Tennessee
    Longitude
    -85.867281
    Latitude
    35.051775

    Nearby Similar for Sale

    • $750,000
      4,553 SF

      Historic Church Conversion Investment Property

      Fully leased 4-unit apartment building in South Pittsburg, Tennessee.
      602 Elm Avenue, South Pittsburg, TN 37380
      View Details
    • $275,000
      960 SF

      Turnkey Duplex Investment Opportunity

      Duplex in South Pittsburg, TN, with income potential.
      575 Irondale Road, South Pittsburg, TN 37380
      View Details
    • $127,000

      Waterfront Land with River Views

      1.32 acres of waterfront property with Tennessee River views.
      Highway 156, South Pittsburg, TN 37380
      View Details
    • $29,900

      South Pittsburg Wooded Lot

      2.65 acre wooded lot in South Pittsburg, Tennessee.
      1560 Thunder Ridge Drive, South Pittsburg, TN 37380
      View Details
    • $125,000

      South Pittsburg Mountain 9.4-Acre Lot

      9.4-acre lot in gated community near Franklin Forest.
      Thunder Ridge Drive, South Pittsburg, TN 37380
      View Details
    • $40,000

      Land Near Piney River

      Residential land for new construction near Tennessee and Piney Rivers.
      Scenic Drive, South Pittsburg, TN 37380
      View Details
    • $219,000

      Bluff View Land Opportunity

      2.36 acres with panoramic views and no HOA.
      Lodge Point Road lot: 9, South Pittsburg, TN 37380
      View Details
    • $80,000

      South Pittsburg Land With Creek

      3.97 acres near Chattanooga with creek, utilities, and driveway.
      Raulstontown lot: 8, South Pittsburg, TN 37380
      View Details
    • $63,000

      Land in Gated Equestrian Community

      5.93 acre lot with mountain views and equestrian trails.
      255 Falling Cliff Drive, South Pittsburg, TN 37380
      View Details
    • $22,000

      Land in South Pittsburg, TN

      Land offers endless potential for builders, developers, or investors.
      711 2nd Street, South Pittsburg, TN 37380
      View Details
    • $137,000

      Land in South Pittsburg, TN

      10.3 acres of build-ready land near South Pittsburg.
      10147 S Pittsburg Mountain Road, South Pittsburg, TN 37380
      View Details
    • $75,400

      Wooded Lot With River Views

      4.8-acre wooded lot with potential river and mountain views.
      Highway 156, South Pittsburg, TN 37380
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 6.75 acres in The Ridges at Franklin, South Pittsburg, TN
    Where is this residential land & home lot located?
    The property is located at 580 Preservation Drive South Pittsburg, TN.
    What is the asking price?
    The asking price for this property is $69,500.
    What are key features of this property?
    This property features: Expansive 6.75‑acre property with breathtaking views overlooking the Horizons of Franklin Forest.; Located in The Ridges at Franklin, a desirable gated community.; Wooded property featuring walking and riding trails for recreation and enhanced privacy.
    (423) 400-2424
    We can help!
    Listing Contact
    James Perry
    Real Estate License ID: 228482
    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
    580 Preservation Drive, South Pittsburg, TN 37380
    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!