Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot Near Beech Lake Title is generated by Realmo AI

    Harbor Drive, Lexington, TN 38351

    View on Map
    Claim this Listing
    For Sale
    $49,500

    LAND - Lexington, TN

    Lot size:
    0.95 Acres
    Added:
    Jul 1, 2025
    Days on Market:
    327
    Last Refresh:
    May 23 at 8:06 am

    Property Features for Harbor Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed
    Standard status
    Active
    APN
    072L B 052.00
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Annual Amount
    331

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Catherine Caldwell

    Listing agent Catherine Caldwell License #352041

    Listing office Home and Farms Realty 367 N Parkway Building A Unit 1, Jackson, TN

    Listing date Jul 1, 2025

    MLS# 2503068 Listing URL

    Copyright © 2026 Central West Tennessee 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

    • Large 0.95 Acre Corner Lot
    • Direct Access to Beech Lake Canal
    • Desirable Eastern Shores Community
    • Enjoy Water Views
    • Minutes from Local Amenities
    • Water and Sewer Utilities Available

    Overview

    This corner lot, approximately 0.95 acres, is located in the Eastern Shores community and offers direct access to the canal leading to Beech Lake. The property is suited for building a home, lake retreat, or weekend getaway. It offers water views and access for activities such as kayaking and fishing. The lot is located minutes from local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.408954
    Latitude
    35.675365

    Nearby Similar for Sale

    • $367,255
      1,722 SF

      Historic Lexington Commercial Property For Sale

      Renovated 1928 commercial property with outbuildings and ample parking.
      44 N Main Street, Lexington, TN 38351
      View Details
    • $175,000

      Lexington Land on Hwy 22

      2.33+/- acres, zoned R-2, great access and visibility.
      Hwy 22 S, Lexington, TN 38351
      View Details
    • $699,000
      1,248 SF

      Lexington Commercial Nursery Opportunity

      5-acre commercial nursery with high visibility and retail potential.
      826 South Broad Street, Lexington, TN 38351
      View Details
    • $25,000

      Residential Lot in Lexington, TN

      Residential lot for building in Lexington, Tennessee.
      Cardinal Estate Drive, Lexington, TN 38351
      View Details
    • $81,413

      Residential Land with Pond View

      6.5-acre residential tract with utilities in Lexington, Tennessee.
      Law Lane, Lexington, TN 38351
      View Details
    • $70,000

      Cleared Lots in Lexington, TN

      Cleared commercial lots ready to build in Lexington, Tennessee.
      286 S Main Street, Lexington, TN 38351
      View Details
    • $290,000

      Commercial Land in Lexington, TN

      3.46 acres of commercially zoned land with high traffic visibility.
      Broad Street S, Lexington, TN 38351
      View Details
    • $140,000

      Prime Development Land in Lexington

      8.47-acre parcel ideal for commercial or residential development.
      Natchez Trace Drive, Lexington, TN 38351
      View Details
    • $450,000

      100 Acres on Hwy 412

      100+ acre land parcel near Lexington, Tennessee.
      Hwy 412 E, Lexington, TN 38351
      View Details
    • $599,000

      200.7 Acres of Farmland

      Productive farmland with timberland, accessible utilities, and hunting opportunities.
      1200 Sand Ridge Bargerton Rd, Lexington, TN 38351
      View Details
    • $378,267
      1,722 SF

      Historic Lexington Mixed-Use Property

      Renovated 1928 building with versatile outbuildings and ample parking.
      44 N Main Street, Lexington, TN 38351
      View Details
    • $70,000

      6.11 Acres in Lexington, TN

      6.11-acre tract prepped for homesite near Lexington, Tennessee.
      15 Ebenezer Road, Lexington, TN 38351
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.95 acre corner lot with canal access to Beech Lake.
    Where is this waterfront land located?
    The property is located at Harbor Drive Lexington, TN.
    What is the asking price?
    The asking price for this property is $49,500.
    What are key features of this property?
    This property features: Large 0.95 Acre Corner Lot; Direct Access to Beech Lake Canal; Desirable Eastern Shores Community
    (731) 694-4313
    We can help!
    Listing Contact
    Catherine Caldwell
    Real Estate License ID: 352041
    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
    Harbor Drive, Lexington, TN 38351
    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!