Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    24.35 Acres in Deer Lodge Title is generated by Realmo AI

    999 Meister Hills Rd, Deer Lodge, TN 37726

    View on Map
    Claim this Listing
    For Sale
    $299,000

    LAND - Deer Lodge, TN

    Lot size:
    24.35 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    73
    Last Refresh:
    May 23 at 2:06 am

    Property Features for 999 Meister Hills Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    031 004.01
    Lot size
    24.35 Acres

    Taxes and HOA fees

    Tax Annual Amount
    82

    We can help!

    Listing Contact
    Bart Neely

    Listing agent Bart Neely License #299518

    Listing office Bestway Realty 106 N Norris Street P. O. Box 963, jamestown, TN

    Listing date Mar 12, 2026

    MLS# 1332466 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

    • 24.35 surveyed acres
    • Septic approved for 2 bedrooms
    • Perimeter is fenced with pasture
    • Water well on property
    • Electric and fiber on property
    • Public water at entrance

    Overview

    This property consists of 24.35 surveyed acres. It features a septic system approved for a 2-bedroom residence, along with electric and fiber optic connections available on the property. A water well is present, and public water access is available at the entrance. The property perimeter is fenced and includes pasture areas. It is located at the end of the road in Deer Lodge, Tennessee.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Electronics & Wireless Store Pet Store Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Deer Lodge
    County
    Morgan
    State
    Tennessee
    Longitude
    -84.851656
    Latitude
    36.231997

    Nearby Similar for Sale

    • $550,000

      39 Acre Ranch with Pond

      Land with cabin, pond, barn, and fenced pastures.
      346 Christenson Rd, Deer Lodge, TN 37726
      View Details
    • $175,000

      Unrestricted Land Ready to Build

      14.5-acre unrestricted tract with utilities in Deer Lodge, TN.
      1759 Meister Hills Rd, Deer Lodge, TN 37726
      View Details
    • $389,000

      Land with Shop Building

      Level building site with a 6,000 sq. ft. shop.
      Reid Watson Rd, Deer Lodge, TN 37726
      View Details
    • $64,900

      Tennessee Land with Private Pond

      5.41 acres in Deer Lodge with pond and utilities.
      Nashville Hwy, Deer Lodge, TN 37726
      View Details
    • $129,900

      5.07 Acres in Deer Lodge

      5.07 acres with RV hookups near downtown Sunbright.
      1017 Deer Lodge Hwy, Deer Lodge, TN 37726
      View Details
    • $274,900

      Tennessee Wilderness Retreat Land

      25+/- acres of secluded land perfect for outdoor enthusiasts.
      Nashville Ave, Deer Lodge, TN 37726
      View Details
    • $69,900

      Tennessee Land Ready to Build

      5.81-acre tract in Deer Lodge, TN, ready for building.
      Nashville Hwy, Deer Lodge, TN 37726
      View Details
    • $39,999

      4.5 Acres Wooded Land Tract

      Secluded 4.5-acre wooded tract in Deer Lodge, Tennessee.
      Deer Lodge Hwy, Deer Lodge, TN 37726
      View Details
    • $51,900

      Land in Rural Tennessee

      Pristine 5.1-acre land parcel in Deer Lodge, Tennessee.
      116 Ernie Hurst Rd, Deer Lodge, TN 37726
      View Details
    • $175,000

      Unrestricted Land in Deer Lodge

      14.5-acre unrestricted tract with utilities and easy access.
      1759 Meister Hills Rd Drive, Deer Lodge, TN 37726
      View Details
    • $64,800

      Secluded Land in Deer Lodge

      6.25 acres of unrestricted land with pasture and creek.
      6.25 Acres Valerie Drive, Deer Lodge, TN 37726
      View Details
    • $112,500

      Tennessee Land with Owner Financing

      10.77 acres of wooded land in Deer Lodge, Tennessee.
      Valerie Drive 10.77 acres, Deer Lodge, TN 37726
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 24.35-acre surveyed property with septic, electric, fiber, and well.
    Where is this agricultural land / farmland located?
    The property is located at 999 Meister Hills Rd Deer Lodge, TN.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 24.35 surveyed acres; Septic approved for 2 bedrooms; Perimeter is fenced with pasture
    (931) 239-3985
    We can help!
    Listing Contact
    Bart Neely
    Real Estate License ID: 299518
    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
    999 Meister Hills Rd, Deer Lodge, TN 37726
    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!