Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Cherokee Circle lot 50 Ten Mile, TN 37880

    View on Map
    Claim this Listing
    For Sale
    $134,900

    LAND - Ten Mile, TN

    Type:Single Family Residence
    Lot size:
    0.97 Acres
    Added:
    Mar 4, 2024
    Days on Market:
    793
    Last Refresh:
    May 6 at 1:06 pm

    Property Features for Cherokee Circle lot 50

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    001ga 006.00
    Lot size
    0.97 Acres

    Taxes and HOA fees

    Tax Annual Amount
    507

    Utilities

    Utilities
    Water Available
    Water source
    Public
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Blair Stanley
    Blair Stanley

    Listing agent Blair Stanley License #340315

    Listing office CENTURY 21 Legacy 1015 W Madison Ave, Athens, TN

    Listing date Mar 4, 2024

    MLS# 20240851 Listing URL

    Copyright © 2026 River Counties 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.

    HighLights

    • Waterfront lot on a lake
    • Ready to build on with mostly level terrain
    • City water and electric available
    • Located in the desirable Indian Shores area with nice homes
    • Paved road access
    • Partially wooded lot

    Overview

    Waterfront Lot Ready to Build

    This 0.97-acre waterfront lot is ready for construction. Located in the Indian Shores area, the property is partially wooded and mostly level. City water and electric are available. The surrounding area features paved roads and new construction. The lot has been under the same ownership since 2000 and is now available for a new owner to build a lakefront home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Ten Mile
    County
    Meigs
    State
    Tennessee
    Longitude
    -84.700122
    Latitude
    35.743201

    Nearby Similar for Sale

    • $625,000

      Lakefront Property with Main Channel Views

      Spectacular lakefront property with breathtaking views and endless possibilities.
      1400 Indian Shadows Drive, Ten Mile, TN 37880
      View Details
    • $625,000

      Lakefront Land with Main Channel Views

      Spectacular lakefront property with breathtaking views and endless possibilities.
      1400 Indian Shadows Drive, Ten Mile, TN 37880
      View Details
    • $325,000

      Watts Bar Lakefront Land

      Cleared, surveyed, and dockable waterfront land on Watts Bar Lake.
      1196 Indian Shadows Drive, Ten Mile, TN 37880
      View Details
    • $399,900

      33.97 Acres in Ten Mile, TN

      Exceptional land with water views and utility access.
      Tract 7 Pleasant Hill Road, Ten Mile, TN 37880
      View Details
    • $129,900

      10 Acres of Wooded Land

      10-acre wooded property with utilities and spring access.
      Tract 10 Pleasant Hill Road, Ten Mile, TN 37880
      View Details
    • $169,900

      Usable Land with Paved Access

      9+ acres with utilities, convenient to amenities and marinas.
      Tract 5 Pleasant Hill Rd, Ten Mile, TN 37880
      View Details
    • $150,000

      Waterfront Lot on Watts Bar

      Build-ready 0.56-acre waterfront lot with gentle slope.
      160 Cherokee Circle, Ten Mile, TN 37880
      View Details
    • $159,900

      Usable Land with Paved Access

      9+ acres with utilities, convenient to amenities and recreation.
      Tract 4 Pleasant Hill Road, Ten Mile, TN 37880
      View Details
    • $149,900

      Usable Land in Ten Mile

      9.2 acres of usable land with utilities and road frontage.
      Tract 3 Pleasant Hill Road, Ten Mile, TN 37880
      View Details
    • $89,000

      Unrestricted Land Near Watts Bar

      1.65-acre unrestricted parcel near Watts Bar Lake in Ten Mile.
      2777 River Rd, Ten Mile, TN 37880
      View Details
    • $180,000

      Ten Mile Waterfront Land

      Lakefront lot with panoramic views and deeded boat slip.
      Johnson Lane lot: 7, Ten Mile, TN 37880
      View Details
    • $180,000

      Waterfront Land with Lake Views

      Lakefront lot with panoramic views and deeded boat slip.
      Johnson Lane lot: 8, Ten Mile, TN 37880
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Lakefront lot in Indian Shores, city water and electric available.
    Where is this waterfront land located?
    The property is located at Cherokee Circle lot 50 Ten Mile, TN.
    What is the asking price?
    The asking price for this property is $134,900.
    What are key features of this property?
    This property features: Waterfront lot on a lake; Ready to build on with mostly level terrain; City water and electric available
    (423) 744-4974
    We can help!
    Listing Contact
    Blair Stanley
    Blair Stanley
    Real Estate License ID: 340315
    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

    Thank You for Inquiry
    Cherokee Circle lot: 50, Ten Mile, TN 37880
    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!