Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    735 Alder Springs Rd La Follette, TN 37766

    View on Map
    For Sale
    $198,500

    LAND - LaFollette, TN

    Lot size:
    6.13 Acres
    Added:
    Apr 11, 2025
    Days on Market:
    363
    Last Refresh:
    Apr 8 at 7:06 pm

    Property Features for 735 Alder Springs Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    097 041.00
    Lot size
    6.13 Acres

    Taxes and HOA fees

    Tax Annual Amount
    451

    We can help!

    Listing Contact
    Gage Dople
    Gage Dople

    Listing agent Gage Dople

    Listing office Wallace 3009 Tazewell Pike, Knoxville, TN

    Listing date Apr 11, 2025

    MLS# 1296872

    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.

    Overview

    Unrestricted Land Near Norris Lake

    This 6.13-acre unrestricted property is located a short walk from Norris Lake, near Deerfield Resort and multiple marinas. The property is ideal for development or a private getaway. Given its unrestricted status, the land offers possibilities such as subdividing to develop a lake community, building vacation cabins, or creating investment properties. The property would also make a homesite. There is an older home on the property of no value, providing a clean slate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Department Store Wine and Liquor Store Restaurant (Bike/Boat/Book/etc) Store Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    La Follette
    County
    Campbell
    State
    Tennessee
    Longitude
    -84.001434
    Latitude
    36.360332

    Nearby Similar for Sale

    • $800,000
      7 SF

      Versatile Property Near Off-Roading Adventures

      Property with apartments, home, RV sites, gym, and cafeteria.
      128 Old Stinking Creek Rd, LaFollette, TN 37766
      View Details
    • $45,000

      Unrestricted Land Near Norris Lake

      Corner lot near Norris Lake ideal for commercial or recreational use.
      0 Grantsboro Rd, LaFollette, TN 37766
      View Details
    • $425,000

      Land Near Norris Lake

      8.9-acre property near Norris Lake with many improvements.
      2938 Cedar Creek Rd, LaFollette, TN 37766
      View Details
    • $475,000

      Norris Lake Waterfront Property

      2.57-acre waterfront lot in LaFollette, Tennessee.
      Shanghai Landing Lane lot: 6, LaFollette, TN 37766
      View Details
    • $25,000

      Residential Land in Gated Community

      Land with amenities, lake access, and short term rentals allowed.
      531 Cedar Gate Lane, LaFollette, TN 37766
      View Details
    • $35,000

      Residential Land in Gated Community

      1.08 acre corner lot in LaFollette, Tennessee.
      Poplar Drive unit: 58, LaFollette, TN 37766
      View Details
    • $29,000

      Norris Lake Waterfront Land Opportunity

      Two lots totaling 0.5 acres in gated lake community.
      220/221 Suncrest Cove, LaFollette, TN 37766
      View Details
    • $325,000

      LaFollette Land Near Norris Lake

      16.74 acres near Norris Lake, ideal homesite.
      303 Tar Town Hollow Lane, LaFollette, TN 37766
      View Details
    • $32,500

      Clearwater Cove Gated Lot

      0.3 acre lot with utilities and lake access.
      222 Suncrest Cove, LaFollette, TN 37766
      View Details
    • $45,000

      Residential Land in Gated Community

      Residential land with lake access and community amenities.
      Hickory Way lot: 540, LaFollette, TN 37766
      View Details
    • $25,000

      Clearwater Cove Land on Norris

      0.45 acre lot in gated community with marina access.
      516 Cedar Gate Lane, LaFollette, TN 37766
      View Details
    • $31,000

      Buildable Lot Near Norris Lake

      1.83 acre partially wooded lot with utilities near marina.
      E Poplar Lane lot: 52, LaFollette, TN 37766
      View Details

    FAQs

    What type of property is this?
    Land - 6.13 acres near Norris Lake, ideal for development.
    Where is this land located?
    The property is located at 735 Alder Springs Rd La Follette, TN.
    What is the asking price?
    The asking price for this property is $198,500.
    What are key features of this property?
    This property features: Unrestricted 6.13‑acre property offering development potential.; Located a short walk from Norris Lake.; Close proximity to Deerfield Resort and marinas.
    (423) 201-7971
    We can help!
    Listing Contact
    Gage Dople
    Gage Dople
    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!