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

    Fairway Point lot 49 Unicoi, TN 37692

    View on Map
    For Sale
    $55,000

    LAND - Unicoi, TN

    Lot size:
    1.14 Acres
    Added:
    Oct 27, 2025
    Days on Market:
    157
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for Fairway Point lot 49

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    005o B 018.00
    Lot size
    1.14 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    279

    We can help!

    Listing Contact
    Seth Lester

    Listing agent Seth Lester License #357985

    Listing office NextHome Magnolia Realty 206 Princeton Road #33, JOHNSON CITY, TN

    Listing date Oct 27, 2025

    MLS# 9987639

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Unicoi, TN

    This 1.14-acre residential land lot is located in Unicoi, TN. Situated on Fairway Point, it is one of the largest lots in the area and the last one available for sale in this location. The property offers views and a quiet setting, surrounded by other homes. It is located minutes from Johnson City. The property is zoned for residential use, making it suitable for building a dream house.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Unicoi
    County
    Unicoi
    State
    Tennessee
    Longitude
    -82.326827
    Latitude
    36.230103

    Nearby Similar for Sale

    • $399,000
      2,821 SF

      Versatile Commercial Building in Unicoi

      2,800 sq ft commercial building on half acre lot.
      3614 Unicoi Drive, Unicoi, TN 37692
      View Details
    • $625,000

      Riverfront Triplex and RV Park

      Fully rented triplex with micro RV park development opportunity.
      2353 Highway 107, Unicoi, TN 37692
      View Details
    • $800,000

      Unicoi Multifamily Investment Opportunity

      Five-unit apartment complex with strong rental potential in Unicoi, TN.
      175 Scenic Apartment Road, Unicoi, TN 37692
      View Details
    • $39,900

      Unicoi, TN Dream Home-Site

      0.71-acre lot with mountain views, utilities available, no HOA.
      48 Homestead Drive, Unicoi, TN 37692
      View Details
    • $48,500

      Land with Mountain Views

      2.35-acre lot with mountain views in a peaceful setting.
      Holly Hill Drive, Unicoi, TN 37692
      View Details
    • $119,900

      Unicoi Land with Mountain Views

      Cleared lot ready for building with mountain views near interstate.
      125 Powder Hollow Road, Unicoi, TN 37692
      View Details
    • $27,900

      Wooded Lot in Unicoi, TN

      0.77 acre wooded lot ideal for rustic home.
      Tr 14 Pine Forest Lane, Unicoi, TN 37601
      View Details
    • $44,900

      Unicoi Land For Sale

      2.8 acre wooded land tract in Unicoi, Tennessee.
      Tr 7 Crystal Lane unit: Tract 7, Unicoi, TN 37692
      View Details
    • $22,900

      Wooded Lot in Unicoi, TN

      Residential land ideal for a rustic or cabin-style home.
      Tr 15 Pine Forest Lane, Unicoi, TN 37601
      View Details
    • $23,900

      Unicoi, TN Wooded Land

      0.82 acre wooded land parcel in Unicoi, Tennessee.
      Tr 4 Crystal Lane, Unicoi, TN 37692
      View Details
    • $59,900

      Unicoi, TN Land Parcel

      2 acre residential land with utilities in Unicoi, Tennessee.
      129 Oaks Road, Unicoi, TN 37692
      View Details
    • $70,000

      Unicoi, TN 7-Acre Land

      7-acre property in Unicoi, TN, ideal for building a retreat.
      Tolley Road, Unicoi, TN 37692
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale, ideal for building a dream house.
    Where is this residential land & home lot located?
    The property is located at Fairway Point lot 49 Unicoi, TN.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Last lot available on Fairway Point.; One of the largest lots in the area.; Opportunity to build a custom dream home.
    (423) 444-5011
    We can help!
    Listing Contact
    Seth Lester
    Real Estate License ID: 357985
    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!