Add Listing
    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

    Lot 643 Cherrywood Dr Crab Orchard, TN 37723

    View on Map
    For Sale
    Contact for pricing

    Vacant Land - Crab Orchard, TN

    Lot size:
    0.44 Acres
    Added:
    Nov 29, 2024
    Days on Market:
    488
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for Lot 643 Cherrywood Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Exterior features
    Pool Building
    Standard status
    Active
    APN
    142P A 01900000
    Lot size
    0.44 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    21
    Expense value
    12
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ken Whitehead
    Ken Whitehead

    Listing agent Ken Whitehead

    Listing office Rural Real Estate Pros 910 Turkey Oak Rd, Crossville, TN

    Listing date Nov 29, 2024

    MLS# 11382218 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Crab Orchard, TN

    This 0.44-acre vacant land is located in Crab Orchard, Tennessee, offering an opportunity to build a mountain dream home or cabin. A minimum home size of 1,400 square feet is required, with no time limits to build. The property is situated within walking distance of the Cumberland Trail and Ozone Falls, and a short drive from Crossville, and 50 miles west of Knoxville. A homeowner's fee of $150.00 per year maintains the common areas. Community amenities include a sports park with a pool, tennis courts, and a playground.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Crab Orchard
    County
    Cumberland
    State
    Tennessee
    Longitude
    -84.859639
    Latitude
    35.880274

    Nearby Similar for Sale

    • $999,999

      Crab Orchard Hunting and Recreational Land

      123.75-acre property near Catoosa Wildlife Management Area.
      Hebbertsburg Rd, Crab Orchard, TN 37723
      View Details
    • $440,000

      Crab Orchard Wooded Land Parcel

      44 acres of wooded land near Fairfield Glade.
      Baxter Norris Rd, Crab Orchard, TN 37723
      View Details
    • $880,000

      Secluded Land with Catoosa Access

      88+ acre sanctuary with direct access to Catoosa Wildlife Area.
      6436 Smith Mountain Rd, Crab Orchard, TN 37723
      View Details
    • $5,000

      Renegade Mountain Building Lot

      Beautiful lot on Renegade Mountain, ideal for building your dream home.
      Briarwood Circle, Crab Orchard, TN 37723
      View Details
    • $6,500

      Renegade Mountain Wooded Lot

      Wooded 0.47-acre lot in Renegade Mountain Resort.
      Lot 735 Renegade Pkwy, Crab Orchard, TN 37723
      View Details
    • $64,900

      Crab Orchard Mountain View Land

      Buildable land with mountain views and no restrictions near amenities.
      Lower Eagles Nest Rd, Crab Orchard, TN 37723
      View Details
    • $13,000

      Renegade Mountain Wooded Lots

      Two wooded lots in Renegade Mountain Resort, Crab Orchard, TN.
      Lots 734 & 735 Renegade Pkwy, Crab Orchard, TN 37723
      View Details
    • $6,500

      Renegade Mountain Resort Wooded Lot

      Wooded 0.5-acre lot in Renegade Mountain Resort.
      Lot 734 Renegade Pkwy, Crab Orchard, TN 37723
      View Details
    • $4,000

      Land in Crab Orchard, TN

      Tranquil 0.49 acre lot in a natural wooded setting.
      Mountain Laurel Drive, Crab Orchard, TN 37723
      View Details
    • $125,000

      Unrestricted Land with Mountain Views

      10+ acres with mountain views near Crossville and Flat Rock.
      320 Upper Eagles Nest Rd, Crab Orchard, TN 37723
      View Details
    • $41,000

      Crab Orchard Vacant Land

      Two-acre lot near Cumberland Trail, ideal for mountain home.
      Lot 494 Renegade Mountain Pkwy, Crab Orchard, TN 37723
      View Details
    • $7,000

      Renegade Mountain Wooded Lot

      0.69-acre wooded lot with mountain views in Crab Orchard, TN.
      Renegade Mountain Pkwy, Crab Orchard, TN 37723
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land suitable for building a mountain dream home.
    Where is this land located?
    The property is located at Lot 643 Cherrywood Dr Crab Orchard, 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: Walking distance to Cumberland Trail and Ozone Falls.; Low annual homeowners fee ($150.00) for common area maintenance.; Enjoy the Community Sports Park with Pool, Tennis Courts, and Playground.
    (931) 200-8261
    We can help!
    Listing Contact
    Ken Whitehead
    Ken Whitehead
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!