Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Lake and Mountain Views Title is generated by Realmo AI

    Bayside Blvd lot #32, Bean Station, TN 37708

    View on Map
    Claim this Listing
    For Sale
    $43,000

    LAND - Bean Station, TN

    Lot size:
    2.49 Acres
    Added:
    Dec 14, 2023
    Days on Market:
    905
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for Bayside Blvd lot #32

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    032B A 032 00
    Lot size
    2.49 Acres

    Taxes and HOA fees

    Tax Annual Amount
    341

    We can help!

    Listing Contact
    JoAnn F. Hanko

    Listing agent JoAnn F. Hanko

    Listing office United Real Estate Solutions 308 N Peters Rd Suite 225, Knoxville, TN

    Listing date Dec 14, 2023

    MLS# 1248118 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

    • Gated community for enhanced security and privacy.
    • Expansive 2.49 Acre lot with BREATHTAKING views of Cherokee Lake and the Mountains.
    • Conveniently located near Morristown, Rogersville, and Knoxville.
    • Underground utilities for unobstructed views and aesthetics.
    • Opportunity to build a custom dream home.
    • Boat slips available for lake access and recreation.

    Overview

    This 2.49-acre lot is located in a gated community near Morristown, Rogersville, and Knoxville. The property offers views of Cherokee Lake and the mountains. Underground utilities are available. Boat slips are also available. The property is located in Bean Station, TN, with a postal code of 37708, and is situated in Grainger County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bean Station
    County
    Grainger
    State
    Tennessee
    Longitude
    -83.368203
    Latitude
    36.33705

    Nearby Similar for Sale

    • $599,000
      3,000 SF

      Lakefront Mixed-Use Investment Opportunity

      Spacious lakefront property with rental income potential in Bean Station.
      122 Circle Drive, Bean Station, TN 37708
      View Details
    • $115,000
      533 SF

      Commercial Building in Bean Station

      533 SF commercial building on 0.3 acres in Bean Station.
      703 Main Street, Bean Station, TN 37708
      View Details
    • $399,900
      4,484 SF

      Commercial Building in Bean Station

      Commercial building with over 4000 sqft in Bean Station, TN.
      551 Broadway Drive, Bean Station, TN 37708
      View Details
    • $250,000

      Bean Station Commercial Land Opportunity

      8.95 acre commercial tract in Grainger County Industrial Park.
      Industrial Drive, Bean Station, TN 37708
      View Details
    • $1,200,000
      2,560 SF

      Income Property Near Cherokee Lake

      Income-producing property with storage units, apartments, home, and RV pad.
      175 Lakeshore Drive, Bean Station, TN 37708
      View Details
    • $250,000

      Grainger County Industrial Land Parcel

      8.95 acre commercial land in established industrial park.
      Industrial Drive, Bean Station, TN 37708
      View Details
    • $250,000

      Grainger County Industrial Land

      8.95 acre commercial land in established industrial park.
      Industrial Drive, Bean Station, TN 37708
      View Details
    • $250,000

      Grainger County Industrial Land

      8.95 acre commercial tract in established industrial park.
      Industrial Drive, Bean Station, TN 37708
      View Details
    • $299,000

      Bean Station Unrestricted Acreage

      Secluded homestead with abundant natural resources on 17+ unrestricted acres.
      1693 Steve Brown Rd, Bean Station, TN 37708
      View Details
    • $129,900

      Bean Station Building Acreage

      3.5 acres of land suitable for development.
      1135 Ned Clark Rd, Bean Station, TN 37708
      View Details
    • $690,000

      100 Acres in Bean Station

      Scenic 100-acre wooded tract near lake in Bean Station, TN.
      Boat Gum Lane, Bean Station, TN 37708
      View Details
    • $55,000

      Residential Land in Bean Station

      Half-acre lot suitable for doublewide or site-built home.
      Kirkham Road, Bean Station, TN 37708
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.49 acre lot in gated community with lake views.
    Where is this residential land & home lot located?
    The property is located at Bayside Blvd lot #32 Bean Station, TN.
    What is the asking price?
    The asking price for this property is $43,000.
    What are key features of this property?
    This property features: Gated community for enhanced security and privacy.; Expansive 2.49 Acre lot with BREATHTAKING views of Cherokee Lake and the Mountains.; Conveniently located near Morristown, Rogersville, and Knoxville.
    (865) 621-2040
    We can help!
    Listing Contact
    JoAnn F. Hanko
    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
    Bayside Blvd lot: #32, Bean Station, TN 37708
    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!