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

    897 Parkstown Road Wilder, TN 38589

    View on Map
    Claim this Listing
    For Sale
    $62,500

    LAND - Wilder, TN

    Lot size:
    5.77 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 29 at 9:06 pm

    Property Features for 897 Parkstown Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    1
    Standard status
    Active
    APN
    111 009.00
    Lot size
    5.77 Acres

    Taxes and HOA fees

    Tax Annual Amount
    97

    We can help!

    Listing Contact
    Toni Drumwright
    Toni Drumwright

    Listing agent Toni Drumwright License #357300

    Listing office Greater Impact Realty Jonesborough 372 E Jackson Blvd, Jonesoborough, TN

    Listing date Feb 10, 2026

    MLS# 9991037 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wilder, TN Wooded Land Parcel

    This 5.77-acre tract of land is located in the Wilder Mountain area of the Cumberland Plateau. The property is part of the Wilder Mountain Phase I subdivision, known for its quiet rural character and mountain living lifestyle. The acreage is largely wooded with gentle natural contours and rolling terrain, providing privacy and a natural backdrop suitable for a custom home, cabin, or mountain retreat. The property is accessible via well-maintained county gravel roads, offering a peaceful setting away from urban congestion while remaining reasonably convenient to area amenities. Electric utilities are available nearby. A well and septic system are required, which is typical for rural parcels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilder
    County
    Overton
    State
    Tennessee
    Longitude
    -85.064284
    Latitude
    36.297717

    Nearby Similar for Sale

    • $399,900

      60 Acres of Land in Wilder

      Land with trees and wildlife, suitable for various uses.
      Sells Cemetery Road, Wilder, TN 38589
      View Details
    • $54,900

      Wilder, TN Buildable Land

      5.58 acres of wooded land ready for building.
      Hood Lane lot: 354, Wilder, TN 38589
      View Details
    • $198,500

      Ready-to-Build Wilder Mountain Land

      5-acre parcel with utilities ready for RV or building.
      295 Big Piney Loop, Wilder, TN 38589
      View Details
    • $22,000

      Secluded Wooded Acreage with Creek

      5.05 acres of wooded land with creek frontage.
      W Bobcat Lane lot: 60, Wilder, TN 38589
      View Details
    • $28,500

      Land with Unique Rock Formations

      5.01 acres perfect for a mountain retreat in Wilder, TN.
      Buckeye Lane lot: 84, Wilder, TN 38589
      View Details
    • $69,900

      Wilder, TN Mountain Land

      5.6 acres of secluded, wooded mountain land in Tennessee.
      Hilltop Lane lot: 222, Wilder, TN 38589
      View Details
    • $60,000

      Unrestricted Land in Wilder, TN

      5 acres of unrestricted land with utilities in Wilder, Tennessee.
      202 Sells Cemetery Rd, Wilder, TN 38589
      View Details
    • $56,500

      Wooded Land in Wilder, TN

      5.01 acres of wooded land on the Cumberland Plateau.
      Parkstown Road lot: 76, Wilder, TN 38589
      View Details
    • $69,900

      Land in Wilder Mountain Area

      5.09 acres in Wilder, TN with utilities in place.
      638 Flat Top View lot: 253, Wilder, TN 38589
      View Details
    • $59,900

      Wilder, TN Wooded Land Parcel

      5-acre wooded parcel on Wilder Mountain with stream and views.
      Bobcat Lane lot: 89, Wilder, TN 38589
      View Details
    • $51,900

      Land with Mountain Views

      5.59 acre parcel with mountain views and established utilities.
      6360 Wilder Hwy lot: 364A, Wilder, TN 38589
      View Details
    • $56,500

      Wooded Land in Wilder, Tennessee

      5.48 acres of wooded land on the Cumberland Plateau.
      844 Parkstown Road lot: 78, Wilder, TN 38589
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Serene 5.77-acre wooded land in Wilder Mountain, Tennessee.
    Where is this residential land & home lot located?
    The property is located at 897 Parkstown Road Wilder, TN.
    What is the asking price?
    The asking price for this property is $62,500.
    What are key features of this property?
    This property features: Private and secluded **5.77‑acre wooded property** in the scenic Wilder Mountain area.; Ideal for a custom home, cabin, or mountain retreat.; Rolling and wooded topography suitable for residential development.
    (423) 430-0841
    We can help!
    Listing Contact
    Toni Drumwright
    Toni Drumwright
    Real Estate License ID: 357300
    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!