Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land in Gated Community Title is generated by Realmo AI

    Espalier Drive lot 4, Decatur, TN 37322

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    LAND - Decatur, TN

    Lot size:
    0.91 Acres
    Added:
    May 28, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for Espalier Drive lot 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    032 00215 000
    Lot size
    0.91 Acres

    Taxes and HOA fees

    Tax Description
    Lot 4 Espalier Bay
    Tax Annual Amount
    130

    Utilities

    Utilities
    Cable Available
    Sewer type
    Private Sewer, Septic Tank, Holding Tank
    Water source
    Public

    We can help!

    Listing Contact
    Janet Goins
    Janet Goins

    Listing agent Janet Goins License #369114

    Listing office simpliHOM 5407 Hixson Pike Ste 113, Hixson, TN

    Listing date May 28, 2026

    MLS# 1535643 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.

    HighLights

    • Private, gated waterfront community on the Tennessee River.
    • Access to community amenities including a clubhouse, boat launch, and dock.
    • Opportunity to build a custom home on a generous lot size.
    • Enjoy scenic natural beauty and peaceful waterfront living.
    • Located in a desirable Decatur waterfront community.

    Overview

    This 0.91-acre lot is located in Espalier Bay, a private gated waterfront community on the Tennessee River. It offers the opportunity to design and build a custom home. Residents have access to community amenities including a clubhouse, boat launch, and dock access. This allows for boating, fishing, and waterfront activities. Espalier Bay offers a balance of tranquility, recreation, and convenience. The property is located in Decatur, Tennessee. It is suitable for a full-time residence, weekend retreat, or future lake home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Decatur
    County
    Meigs
    State
    Tennessee
    Longitude
    -84.787468
    Latitude
    35.56598

    Nearby Similar for Sale

    • $649,900
      2,852 SF

      Turnkey Automotive Repair Opportunity

      High-visibility corner location, multiple service bays, ample parking, equipment included.
      11122 State Highway 58 S Road, Decatur, TN 37322
      View Details
    • $104,500

      2-Acre Pasture Lot in Decatur

      Level, cleared lot ready for your dream home.
      N Nopone Valley Rd lot: 6, Decatur, TN 37322
      View Details
    • $102,000

      Decatur, TN Land Opportunity

      2-acre pasture lot ready for your dream home.
      N Nopone Valley Rd lot: 7, Decatur, TN 37322
      View Details
    • $140,500

      Decatur, TN Land Opportunity

      2.81-acre lot ready for your dream home.
      N Nopone Valley Rd lot: 11, Decatur, TN 37322
      View Details
    • $1,250,000
      1,968 SF

      Expanding RV Park Opportunity

      Newly built RV park with expansion potential on 16.53 acres.
      8415 River Road, Decatur, TN 37322
      View Details
    • $51,500

      Decatur, TN - 1 Acre Lot

      Level, cleared 1-acre lot ready for your dream home.
      N Nopone Valley Rd lot: 5, Decatur, TN 37322
      View Details
    • $52,500

      Decatur, TN - 1 Acre Lot

      Level, cleared 1-acre lot ready for your dream home.
      N Nopone Valley Rd lot: 9, Decatur, TN 37322
      View Details
    • $100,000

      Decatur, TN - 2 Acre Pasture

      Level, cleared 2-acre pasture lot ready for your dream home.
      N Nopone Valley Rd lot: 2, Decatur, TN 37322
      View Details
    • $102,000

      Decatur, TN Land Opportunity

      2.04-acre lot ready for your dream home.
      N Nopone Valley Rd lot: 3, Decatur, TN 37322
      View Details
    • $51,500

      Decatur, TN Land Opportunity

      1.03-acre lot ready for your dream home.
      N Nopone Valley Rd lot: 1, Decatur, TN 37322
      View Details
    • $50,000

      Level Acre Pasture Lot

      Cleared 1-acre lot ready for your dream home.
      N Nopone Valley Rd lot: 8, Decatur, TN 37322
      View Details
    • $50,500

      Decatur, TN - 1 Acre Lot

      Level, cleared 1-acre lot ready for your dream home.
      N Nopone Valley Rd lot: 4, Decatur, TN 37322
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Land in a gated waterfront community with amenities.
    Where is this waterfront land located?
    The property is located at Espalier Drive lot 4 Decatur, TN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Private, gated waterfront community on the Tennessee River.; Access to community amenities including a clubhouse, boat launch, and dock.; Opportunity to build a custom home on a generous lot size.
    (205) 447-6239
    We can help!
    Listing Contact
    Janet Goins
    Janet Goins
    Real Estate License ID: 369114
    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
    Espalier Drive lot: 4, Decatur, TN 37322
    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!