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

    Gray Station Sulphur Springs Rd Jonesborough, TN 37659

    Sponsored
    For Sale
    $159,900

    LAND - Jonesborough, TN

    Lot size:
    5.47 Acres
    Days on Market:
    34
    Last Refresh:
    Feb 7 at 2:06 am

    Property Features for Gray Station Sulphur Springs Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agrigculture
    APN
    042 042.00
    Lot size
    5.47 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Matt Lorencen

    VIP HOME REALTY (317) 691-5390

    Listing agent Matt Lorencen (423) 741-1161 License #330482

    Listing date Jan 5, 2026

    MLS# 9978928

    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.

    Learn more

    Property Insight Report

    Overview

    Pasture Land in Jonesborough, TN

    This property features just over 5 acres of rolling pasture land, suitable for constructing a new home, establishing a mini farm, or creating a private retreat. The acreage offers several potential building sites, providing multiple construction options. The area is private and quiet, with scenic views of the rolling mountains of East Tennessee. The property has road frontage on Gray Station - Sulphur Springs Rd. Multiple tracts are available. The zoning is agriculture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Jonesborough
    County
    Washington
    State
    Tennessee
    Longitude
    -82.548878
    Latitude
    36.33684

    Nearby Similar for Sale

    • $2,200,000
      Pending

      Unrestricted Acreage with Mountain Views

      150+/- acre homestead with mountain views and development potential.
      Harmony Rd, Jonesborough, TN 37659
      View Details
    • $425,000
      1,428 SF

      Updated Duplex in Historic Downtown

      Updated duplex in the heart of Jonesborough, Tennessee's oldest town.
      203 S Cherokee St, Jonesborough, TN 37659
      View Details
    • $400,000
      1.90 Acres

      Duplex Lots in Historic Jonesborough

      Investment opportunity in Tennessee's oldest town with mountain views.
      Boones Creek Rd, Jonesborough, TN 37659
      View Details
    • $299,900
      2,178 SF

      Jonesborough Duplex with Income Potential

      Cash-flowing duplex with separate meters and recent updates.
      211 Mount Zion Church Rd, Jonesborough, TN 37659
      View Details
    • $40,000
      Pending

      Commercial Opportunity on Highway 81

      Commercial building with high visibility and restoration potential.
      893 Highway 81, Jonesborough, TN 37659
      View Details
    • $450,000
      2,816 SF

      Jonesborough Commercial Office For Sale

      Commercial office space in the heart of Jonesborough, Tennessee.
      1207 E Jackson Blvd, Jonesborough, TN 37659
      View Details
    • $105,000

      Mobile Home Park Investment

      Mobile home park with income potential in Jonesborough, Tennessee.
      144 Kiser Cir, Jonesborough, TN 37659
      View Details
    • $105,000

      Mobile Home Park Investment

      Mobile home park with income potential in Jonesborough, Tennessee.
      144 Kiser Cir, Jonesborough, TN 37659
      View Details
    • $350,000
      1,200 SF

      Jonesborough Commercial Property For Sale

      Commercial property in Jonesborough, TN, suitable for various small businesses.
      1802 Highway 81 S, Jonesborough, TN 37659
      View Details
    • $7,139,000
      52,186 SF

      Portfolio of Five Retail Properties

      Five retail properties available as a portfolio or individually.
      2276 Gray Sta Sulphur Spgs Rd, Jonesborough, TN
      View Details
    • $3,156,000
      5,060 SF

      Jonesborough Gas Station For Sale

      Gas station with corporate guaranty and long-term lease.
      101 E Jackson Blvd, Jonesborough, TN 37659
      View Details
    • $475,000
      4,224 SF

      Prime Jonesborough Commercial Office Space

      Four offices, great location, ample parking.
      1207 Jackson Blvd, Jonesborough, TN 37659
      View Details

    FAQs

    What type of property is this?
    Farm - 5+ acres of rolling pasture, ideal for building or farming.
    Where is this farm located?
    The property is located at Gray Station Sulphur Springs Rd Jonesborough, TN.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - 5+ acres of rolling pasture land.; - Suitable for new build, mini farm, or retreat.; - Multiple building sites available.
    (423) 741-1161
    Request Owner's contact information
    Gray Station Sulphur Springs Rd Jonesborough, TN 37659
    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.
    Gray Station Sulphur Springs Rd
    Jonesborough, TN 37659
    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
    Gray Station Sulphur Springs Rd Jonesborough, TN 37659
    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
    Matt Lorencen
    Real Estate License ID: 330482
    (423) 741-1161
    Learn more
    Google sign-in failed. Please try again or use another login method.