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

    Demory Rd, Unit 19-22 La Follette, TN 37766

    Sponsored
    For Sale
    $139,900

    LAND - LaFollette, TN

    Lot size:
    16.95 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 3 at 4:06 pm

    Property Features for Demory Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    102 079.0
    Lot size
    16.95 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Benson Bryant

    Jackson Real Estate & Auction (865) 548-4215

    Listing agent Benson Bryant (865) 397-4214

    Listing date Feb 2, 2026

    MLS# 1328231 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.

    Learn more

    Overview

    LaFollette, TN Land Opportunity

    Located off Demory Road, this property consists of four parcels, Lots 19 through 22, totaling 16.95 acres in LaFollette, Tennessee. Roads are already cut in, providing access to the acreage and multiple building sites across the rolling terrain. There are no restrictions on the property, allowing for various uses such as a family retreat, cabins, manufactured homes, or a private mountain getaway. The property offers privacy while being a short drive from town conveniences. It is located approximately one mile from White Bridge public access to Norris Lake, offering opportunities for boating, swimming, and fishing. Nearby recreational areas include Norris Dam State Park and Cumberland Trail State Scenic Park. The property is minutes from downtown LaFollette's shopping, dining, and schools, with easy access to I75 for trips to Knoxville or Rocky Top. This property offers a balance of mountain privacy, lake proximity, and convenience.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    La Follette
    County
    Campbell
    State
    Tennessee
    Longitude
    -84.109614
    Latitude
    36.346065

    Nearby Similar for Sale

    • $800,000
      2.00 Acres

      Smokies Market Business Opportunity

      Established business on 2 acres near I-75 and Tackett Creek.
      1410 Tn-90, Duff, TN 37729
      View Details
    • $195,500
      Pending

      Waterfront Lot with Breathtaking Views

      Waterfront lot in Clearwater Cove, short-term rentals allowed.
      Waterside Ln, La Follette, TN 37766
      View Details
    • $159,900
      0.47 Acres

      Waterfront Lot on Norris Lake

      Lakefront lot in Big Creek area with seasonal water access.
      Big Crk Lot 21 Ln, La Follette, TN 37766
      View Details
    • Contact for pricing
      34,536 SF

      Retail Space in Valley View Plaza

      Grocery-anchored shopping center with high visibility and upside potential.
      1717 E Central Ave, La Follette, TN 37766
      View Details
    • $695,000
      6,316 SF

      La Follette Office Warehouse Opportunity

      Two buildings with office and warehouse space near Norris Lake.
      1901 Old Jacksboro Hwy, La Follette, TN 37766
      View Details
    • $460,000
      7,000 SF

      7,000 SF Steel Building

      7,000 SF steel building divided into two tenant spaces.
      207 W Central Ave, La Follette, TN 37766
      View Details
    • $775,000
      14,916 SF

      Mixed-Use Building in Downtown LaFollette

      Mixed-use building with retail space and apartments in LaFollette.
      101 E Central Ave, La Follette, TN 37766
      View Details
    • $979,500
      14,916 SF

      Historic Downtown La Follette Gem

      Mixed-use building, 14,916 sq ft, vacant.
      101 Central Ave, LaFollette, TN 37766
      View Details

    FAQs

    What type of property is this?
    Land - 16.95 acre property near Norris Lake with multiple building sites.
    Where is this land located?
    The property is located at Demory Rd, Unit 19-22 La Follette, TN.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - Large 16.95+\/- acre property with multiple building sites and roads already cut in.; - Unrestricted land allowing for various development options (family retreat, cabins, manufactured homes).; - Located approximately one mile from White Bridge public access to Norris Lake.
    (865) 397-4214
    Request Owner's contact information
    Demory Rd, Unit 19-22 La Follette, TN 37766
    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.
    Demory Rd, Unit 19-22
    La Follette, TN 37766
    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
    Demory Rd, Unit 19-22 La Follette, TN 37766
    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
    Benson Bryant
    (865) 397-4214
    Learn more
    Google sign-in failed. Please try again or use another login method.