Sign Up Successful!
You now have access to more from Realmo!
    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

    Casteel Rd Sparta, TN 38583

    Sponsored
    For Sale
    Pending
    Contact for pricing

    LAND - Sparta, TN

    Lot size:
    2.01 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 29 at 11:06 am

    Property Features for Casteel Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    069 023.16
    Lot size
    2.01 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water front features
    Waterfront

    We can help!

    Listing Contact
    Shannon Gomez

    Keller Williams Realty DBA Cookeville RE Company (931) 400-2008

    Listing agent Shannon Gomez (865) 591-2969

    Listing date Jan 15, 2026

    MLS# 238817

    Copyright © 2026 Upper Cumberland 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.

    Learn more

    Property Insight Report

    Overview

    Wooded Lot on Cumberland Plateau

    This 2.01-acre wooded lot is located on the Cumberland Plateau, between Sparta and Crossville, Tennessee. The property features mature hardwoods and offers space for a retreat, vacation cabin, or home. The area is known for its scenic beauty and outdoor recreation, with hiking trails, waterfalls, and state parks nearby. Electric and water utilities are available in close proximity. This property is suitable for a weekend getaway, investment, or future homesite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sparta
    County
    White
    State
    Tennessee
    Longitude
    -85.2440739
    Latitude
    36.005127

    Nearby Similar for Sale

    • $399,900
      5,600 SF

      5,600 SF Commercial Building

      High-traffic location with two leased units in Sparta, TN.
      28-30 Mayberry St, Sparta, TN 38583
      View Details
    • $749,900
      4,549 SF

      Versatile Multi-Family Home Near Lake

      Custom-built home with multiple living spaces near Center Hill Lake.
      8725 Sparta Hwy, Sparta, TN 38583
      View Details
    • $705,000
      10,744 SF

      Sparta, TN Church Facility

      10,744 sq ft church on 2.4 acres near Hwy 111.
      640 Maughon Rd, Sparta, TN 38583
      View Details
    • $399,929
      3,282 SF

      Versatile Triplex in Sparta, TN

      Three rentable units near historic square, ideal for diverse uses.
      7 Marshall St, Sparta, TN 38583
      View Details
    • $475,000
      0.64 Acres

      Commercial Property in Sparta, TN

      Two commercial buildings with office and workshop space for sale.
      W Bockman Way, Sparta, TN 38583
      View Details
    • $399,900
      3,809 SF

      Restaurant and Bar Opportunity

      Restaurant and bar for sale between Sparta and Crossville.
      11245 Crossville Hwy, Sparta, TN 38583
      View Details
    • $649,000
      1,640 SF

      Turnkey Restaurant and Retail Property

      Thriving retail property with Papa John's franchise and rental space.
      555 W Bockman Way, Sparta, TN 38583
      View Details
    • $699,000
      4,516 SF

      Commercial Building in Downtown Sparta

      Custom-built commercial building with ample parking and easy access.
      221 W Turn Table Rd, Sparta, TN 38583
      View Details
    • $499,900
      33.59 Acres

      Farm Land with Equestrian Potential

      33.58-acre farm with pastureland, views, and equestrian facilities.
      E Bethlehem Rd, Sparta, TN 38583
      View Details
    • $999,900
      938 SF

      Multifamily Property in Sparta, TN

      Multifamily property on 13.8 acres with 12 mobile homes.
      Loyalty Ln, Sparta, TN 38583
      View Details
    • $999,900
      13.80 Acres

      Multifamily Property in Sparta, TN

      Multifamily property on 13.8 acres with 12 mobile homes.
      Loyalty Ln, Sparta, TN 38583
      View Details
    • $549,000
      1,792 SF

      Budget Inn Motel Investment

      High-yield motel investment opportunity with consistent occupancy and strong cashflow.
      279 Mayberry St, Sparta, TN 38583
      View Details

    FAQs

    What type of property is this?
    Land - 2.01-acre wooded lot between Sparta and Crossville, Tennessee.
    Where is this land located?
    The property is located at Casteel Rd Sparta, TN.
    What is the asking price?
    The asking price for this property is $18,500.
    What are key features of this property?
    This property features: - 2.01-acre wooded lot on the Cumberland Plateau, offering privacy and space.; - Located between Sparta and Crossville, providing both seclusion and convenient access to amenities.; - Ideal for a dream retreat, vacation cabin, or forever home.
    (615) 758-8886
    Request Owner's contact information
    Casteel Rd Sparta, TN 38583
    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.
    Casteel Rd
    Sparta, TN 38583
    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
    Casteel Rd Sparta, TN 38583
    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

    We can help!
    Listing Contact
    Shannon Gomez
    (615) 758-8886
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.