Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Heavily Wooded Knoxville Acreage Title is generated by Realmo AI

    9 + 64 ac Saga Lane, Knoxville, TN 37931

    View on Map
    Claim this Listing
    For Sale
    $2,200,000

    LAND - Knoxville, TN

    Lot size:
    65.33 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 9 + 64 ac Saga Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    101012 & 088MB019
    Lot size
    65.33 Acres

    Taxes and HOA fees

    Tax Annual Amount
    591

    We can help!

    Listing Contact
    Joyce Z. Tapscott
    Joyce Z. Tapscott

    Listing agent Joyce Z. Tapscott

    Listing office Wallace 140 Major Reynolds Place, Knoxville, TN

    Listing date Mar 4, 2026

    MLS# 1331381 Listing URL

    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.

    HighLights

    • 63.93 acre tract with Greenbelt status (App A‑1969).
    • Access to Melton Hill Lake via a narrow channel at the western border.
    • Includes a separate 1.11 acre tract (Lot 9) providing permanent easement access to the larger tract.
    • Heavily wooded acreage with natural ferns and moss‑covered rocks, offering privacy and woodland views.
    • Zoned Agricultural, suitable for various uses.
    • Original old farm road present on the property.

    Overview

    This property features heavily wooded acreage with natural ferns and moss-covered rocks. An original old farm road leads to narrow access to Melton Hill Lake. The sale includes two tracts that will not be subdivided. Tract 1, identified as Lot 9, consists of 1.11 acres within the Melton Hill subdivision and provides access to Tract 2, which spans 63.93 acres. A Declaration of Joint Permanent Easement, dated 8/29/91, reserves Lot 9 as a permanent means of ingress and egress to Tract 2, also allowing for the installation and maintenance of utilities. Tract 2 is zoned agricultural and has Greenbelt App A-1969. The land is characterized by steep, rolling terrain with woodland views, good soils, and some rock outcroppings. Septic systems are required, as there are no existing utilities. Tract 2 is primarily wooded and includes three draws converging in the center, draining west into a cove leading to Melton Hill. The property slopes steeply, with lake access to the waterfront at the back western border via a narrow channel offering limited views of Melton Hill. Located in the Solway community, the acreage offers privacy and woodland splendor.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.208757
    Latitude
    35.962765

    Nearby Similar for Sale

    • $415,000
      7,374 SF

      Knoxville Redevelopment Opportunity

      Two-story commercial building in a rapidly growing community.
      315 Ogle Ave, Knoxville, TN 37920
      View Details
    • $595,000
      4,727 SF

      Occupied 4-Plex with Storage Basement

      Fully occupied four-unit property with month-to-month leases, on-site parking, and washer/dryer hookups in each unit.
      2828 NE Colt Drive, Knoxville, TN 37918
      View Details
    • $595,000
      4,773 SF

      Fully Occupied 4-Plex Investment

      A fully leased four-unit property with in-unit laundry hookups and separate utility/laundry rooms at the rear.
      2816 NE Colt Drive, Knoxville, TN 37918
      View Details
    • $504,000
      3,618 SF

      Five-Unit Multifamily Investment Opportunity

      Five-unit rental property near Downtown and University of Tennessee.
      600 Radford Place, Knoxville, TN 37917
      View Details
    • $450,000

      Knoxville Land For Sale

      4.78 acre commercial land with highway frontage in Knoxville, TN.
      6820 Asheville Hwy, Knoxville, TN 37924
      View Details
    • $349,900

      Knoxville Land with Development Potential

      1.159-acre lot with mixed-use zoning near downtown Knoxville.
      Keck Rd, Knoxville, TN 37912
      View Details
    • $799,900

      Prime Land on Callahan Drive

      4+ acres in high-traffic Knoxville commercial zone.
      1342 Callahan Drive, Knoxville, TN 37912
      View Details
    • $924,900
      6,982 SF

      Lakefront Land in Gated Community

      Rare lakefront lot with approved dock in Knoxville's prime location.
      1532 Regiment Way, Knoxville, TN 37922
      View Details
    • $500,000
      2,296 SF

      Knoxville Multifamily Investment Opportunity

      Two homes plus hookup on 4.28 acres in Knoxville.
      4127/4129 Crippen Rd, Knoxville, TN 37918
      View Details
    • $2,500,000
      4,692 SF

      Established Auto Repair Business For Sale

      Profitable, recession-resistant auto repair franchise with real estate included.
      5327 Clinton Highway, Knoxville, TN 37912
      View Details
    • $795,000
      5,608 SF

      Charming Historic Fourth & Gill 4-Plex

      Spacious 4-unit property with original charm in historic neighborhood.
      903 Luttrell St, Knoxville, TN 37917
      View Details
    • $1,774,950
      8,514 SF

      Two-Building Multifamily with Furnished Units

      Twelve-unit multifamily on one deeded lot with furnished units and separate HVAC, offering flexible rental terms under RN4.
      1412-1418 Armstrong Ave, Knoxville, TN 37917
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Pristine, untouched acreage with lake access in Solway community.
    Where is this agricultural land / farmland located?
    The property is located at 9 + 64 ac Saga Lane Knoxville, TN.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 63.93 acre tract with Greenbelt status (App A‑1969).; Access to Melton Hill Lake via a narrow channel at the western border.; Includes a separate 1.11 acre tract (Lot 9) providing permanent easement access to the larger tract.
    (865) 584-4000
    We can help!
    Listing Contact
    Joyce Z. Tapscott
    Joyce Z. Tapscott
    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

    Thank You for Inquiry
    9 + 64 ac Saga Lane, Knoxville, TN 37931
    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!