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    833 Shirley Rd Washburn, TN 37888

    Sponsored
    For Sale
    $640,000

    Farm/Estate, Mobile Home - Washburn, TN

    Type:Farm
    Property size:
    1,836 SF
    Lot size:
    19.52 Acres
    Days on Market:
    111
    Last Refresh:
    Feb 13 at 1:06 pm

    Property Features for 833 Shirley Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    300
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Living Room
    Bedrooms
    3
    Bathrooms
    2
    APN
    Parcel ID/Tax ID 047 056.01
    Parking features
    Garage
    Pool private
    1
    Interior features
    Walk-in Closet
    Exterior features
    Pool
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    1,836 SF
    Lot size
    19.52 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Year renovated
    2005
    Flooring type
    Laminate
    Building materials
    Stone, Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Megan McConkey

    Home and Farms Realty (731) 803-0671

    Listing agent Megan McConkey (731) 803-0671

    Listing date Oct 26, 2025

    MLS# 11560584 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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Horse Property with Mountain Views

    This 19.52-acre horse property features level to gently rolling pastures with mountain views. The 90x60 barn includes 5 stalls, expandable to 10, a tack room, feed room, and wash bay. A 90x16 overhang provides additional storage. The property also features a 270x150 outdoor arena with sand and dirt footing, and automatic waterers in every pasture. The 1836 square foot home on a permanent foundation includes 3 bedrooms and 2 bathrooms. The master suite features an ensuite bathroom with a walk-in shower, dual vanities, a soaking tub, and a large closet. Guest bedrooms are generously sized with walk-in closets. Upgrades include LVP flooring throughout and a metal roof installed in 2021. A mudroom and laundry room combo connects to the back deck. The property is located less than an hour from Knoxville, in Washburn, TN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Washburn
    County
    Grainger
    State
    Tennessee
    Longitude
    -83.605826
    Latitude
    36.291366

    Nearby Similar for Sale

    • $375,000
      Pending

      Washburn Farmland with Large Barn

      24.51 acres of unrestricted farmland with barn near Norris Lake.
      Tater Valley Rd, Washburn, TN 37888
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - 19.52 acre horse property featuring pastures and mountain views.
    Where is this horse & equestrian property located?
    The property is located at 833 Shirley Rd Washburn, TN.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: - Turnkey 19.52 acre horse property with level to gently rolling pastures and mountain views.; - 90x60 barn features 5 stalls (expandable to 10), tack room, feed room, and wash bay.; - 270x150 outdoor arena with sand/dirt footing and automatic waterers in every pasture.
    (865) 257-6407
    Request Owner's contact information
    833 Shirley Rd Washburn, TN 37888
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    Washburn, TN 37888
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    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
    833 Shirley Rd Washburn, TN 37888
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    We can help!
    Listing Contact
    Megan McConkey
    (865) 257-6407 (731) 803-0671
    Learn more
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