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

    Blaine Smith Road Graysville, TN 37338

    View on Map
    For Sale
    $414,750

    LAND - Graysville, TN

    Lot size:
    27.65 Acres
    Added:
    Apr 15, 2025
    Days on Market:
    352
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for Blaine Smith Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1
    Standard status
    Active
    APN
    127 023.03
    Lot size
    27.65 Acres

    Taxes and HOA fees

    TaxDescription
    SPLIT OFF M 127 P 23 PER PB 3 PG 703 (2024) GREENBELT BK 1 PG 809
    TaxAnnualAmount
    226

    We can help!

    Listing Contact
    Whitney Harvey
    Whitney Harvey

    Listing agent Whitney Harvey License #331216

    Listing office Real Estate Partners Chattanooga LLC 2115 Stein Drive, Chattanooga, TN

    Listing date Apr 15, 2025

    MLS# 1511233 Listing URL

    Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    27.65 Acres in Graysville, TN

    This 27.65-acre property on Blaine Smith Rd in Graysville, TN, offers a blend of privacy and potential. The land features gently rolling terrain with multiple potential building sites and scenic views. It is suited for building a home, starting a mini-farm, or creating a private retreat. The property offers fresh air and freedom with no HOA or city noise. The seller is willing to combine or subdivide properties and is in the process of subdividing the parcels out of the 32 acres. The trail touches or crosses into the neighbor's property. The listing agent and seller are willing to accompany showings to assist in identifying property lines. The zoning is A-1. Buyer is responsible for any and all fees involving the removal of the greenbelt. Property does not touch the private lake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Graysville
    County
    Rhea
    State
    Tennessee
    Longitude
    -85.24718
    Latitude
    35.402372

    Nearby Similar for Sale

    • $229,500

      Graysville Land with Creek Views

      10-acre wooded property with utilities and creek in place.
      214 Gray Creek Road, Graysville, TN 37338
      View Details
    • $349,900

      26.65 Acres in Graysville, TN

      26.65 acre tract ideal for building or investment.
      1596 Stewart Road, Graysville, TN 37338
      View Details
    • $139,500

      Graysville Land with Septic Tank

      5+ acres in Graysville, TN with installed septic tank.
      280 Stewart Road, Graysville, TN 37338
      View Details
    • $99,900

      Unrestricted Wooded Acres with Creek

      4.96 acres of unrestricted land with creek in Graysville, TN.
      1 Snyder Loop, Graysville, TN 37338
      View Details
    • $999,900

      Graysville Land with Mountain Views

      123 acres of unrestricted mountain property with limitless possibilities.
      123 Retro Hughes Road, Graysville, TN 37338
      View Details
    • $269,000

      Graysville, TN Land with Lake

      17+/- acre rural tract with lake frontage.
      234 Burgess Farm Drive, Graysville, TN 37338
      View Details
    • $350,000

      42 Acres of Wooded Land

      Pristine 42-acre wooded land with utilities in place.
      11231 Hendon Road, Graysville, TN 37338
      View Details
    • $375,000

      Secluded Mountain Land in Graysville

      23.49-acre tract on Flat Top Mountain, Dunlap, TN.
      482 Coke Bowman Road, Graysville, TN 37338
      View Details
    • $127,500

      Graysville Land for Dream Home

      8.47 acres to build your dream home near Chattanooga.
      Hidden Hills Drive, Graysville, TN 37338
      View Details
    • $99,900

      Graysville Land with Creek Frontage

      1.7 acre property with creek frontage in Gray Creek Park.
      Sullivan Mill Lane, Graysville, TN 37338
      View Details
    • $400,000

      Unrestricted Land in Graysville, TN

      39.62 acres of unrestricted land, ideal for building or recreation.
      Hendon Road, Graysville, TN 37338
      View Details
    • $99,900

      Graysville, TN Land for Sale

      1.84 acre land parcel in Gray Creek Park.
      Sullivan Mill Lane, Graysville, TN 37338
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 27.65 acres of Tennessee countryside, ideal for building.
    Where is this agricultural land / farmland located?
    The property is located at Blaine Smith Road Graysville, TN.
    What is the asking price?
    The asking price for this property is $414,750.
    What are key features of this property?
    This property features: 27.65 acres of land offers ample space and privacy; Gently rolling terrain provides multiple potential building sites with scenic views; Ideal for building a home, starting a mini farm, or creating a private retreat
    (423) 316-4543
    We can help!
    Listing Contact
    Whitney Harvey
    Whitney Harvey
    Real Estate License ID: 331216
    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!