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

    Cherohala Skwy lot 2 Tellico Plains, TN 37385

    View on Map
    For Sale
    $400,000

    LAND - Tellico Plains, TN

    Lot size:
    0.91 Acres
    Added:
    Jan 19, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for Cherohala Skwy lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    146B A 003.00
    Lot size
    0.91 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    500

    We can help!

    Listing Contact
    Zach Miller

    Listing agent Zach Miller

    Listing office ReMax Excels 200 Lakeside Plaza, Loudon, TN

    Listing date Jan 19, 2026

    MLS# 1327070 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.

    Overview

    Cleared Acreage in Tellico Plains

    This 0.91-acre tract is a retail outparcel for sale in Tellico Plains, Tennessee, located at the corner of Veterans Memorial and Cherohala Skyway. The level and cleared lot, situated in a commercial corridor, offers over 190 feet of road frontage. The property is ready to build, potentially saving months of preparation and significant capital expense. All utilities are easily accessible. Tellico Plains is described as a mountain town experiencing renewal as a destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Tellico Plains
    County
    Monroe
    State
    Tennessee
    Longitude
    -84.297278
    Latitude
    35.365733

    Nearby Similar for Sale

    • $400,000

      Tellico Plains Commercial Land Available

      Ready-to-build 0.98-acre commercial land in Tellico Plains, Tennessee.
      Cherohala Skwy lot: 4, Tellico Plains, TN 37385
      View Details
    • $400,000

      Cleared Land in Tellico Plains

      1.94 acre cleared, level lot in a commercial corridor.
      Cherohala Skwy lot: 5, Tellico Plains, TN 37385
      View Details
    • $400,000

      Cleared Lot in Commercial Corridor

      Ready-to-build 0.81 acre commercial land in Tellico Plains, TN.
      Cherohala Skwy lot: 1, Tellico Plains, TN 37385
      View Details
    • $400,000

      Cleared Acreage in Tellico Plains

      Ready-to-build, level lot in a high-traffic commercial corridor.
      Cherohala Skwy lot: 3, Tellico Plains, TN 37385
      View Details
    • $139,000

      Versatile Land in Tellico Plains

      1.7 acre unrestricted property with road frontage and business potential.
      10905 New Highway 68, Tellico Plains, TN 37385
      View Details
    • $2,000,000

      Tellico Plains Acreage For Sale

      5.35 acre commercial land in Tellico Plains, Tennessee.
      226 Cherohala Skwy, Tellico Plains, TN 37385
      View Details
    • $45,000

      Land in Tellico Plains, TN

      2.58-acre lot near Tellico Reservoir, ideal for dream home.
      Welch Road LOT 4A, Tellico Plains, TN 37385
      View Details
    • $130,000

      Waterfront Lot on Tellico River

      Breathtaking waterfront lot for dream home on Tellico River.
      264 Rafter Rd, Tellico Plains, TN 37385
      View Details
    • $69,900

      Wooded Homesite in Gated Community

      4+ acre wooded homesite in Tellico Plains, Tennessee.
      Unicoi Church Rd lot: 2, Tellico Plains, TN 37385
      View Details
    • $99,000

      Tellico Plains Land For Sale

      7.16 acres of gently rolling countryside in Tellico Plains.
      Mecca Pike lot: 1, Tellico Plains, TN 37385
      View Details
    • $99,000

      Land in Tellico Plains, TN

      7.16 acres ideal for custom home or recreational retreat.
      Mecca Pike lot: 2, Tellico Plains, TN 37385
      View Details
    • $138,000

      Tellico Plains Land with Views

      6.28 acres with mountain views and utilities in place.
      Mcjunkin Rd, Tellico Plains, TN 37385
      View Details

    FAQs

    What type of property is this?
    Commercial land - Ready-to-build, level lot in a high-traffic commercial corridor.
    Where is this commercial land located?
    The property is located at Cherohala Skwy lot 2 Tellico Plains, TN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Ready‑to‑build, level, and cleared .91 acre lot saves significant time and capital.; Prime location at the corner of Veterans Memorial and Cherohala Skyway.; Over 190 ft of road frontage in a commercial corridor.
    (865) 224-1396
    We can help!
    Listing Contact
    Zach Miller
    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!