Add Listing
    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

    Gravelly Hills/Forrest Ridge Louisville, TN 37777

    View on Map
    Claim this Listing
    New
    For Sale
    $399,000

    LAND - Louisville, TN

    Lot size:
    3.63 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 24 at 3:06 pm

    Property Features for Gravelly Hills/Forrest Ridge

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    014K A 011.00 014K A 014.00
    Lot size
    3.63 Acres

    Taxes and HOA fees

    Tax Annual Amount
    405

    We can help!

    Listing Contact
    L.J. Kessler

    Listing agent L.J. Kessler

    Listing office Realty Executives Associates 1213 W Lamar Alexander Pkwy, Maryville, TN

    Listing date Apr 24, 2026

    MLS# 1338144 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.

    Overview

    Louisville, TN Land Opportunity

    Two adjoining lots are available in the Channel Oaks subdivision, situated on Ft. Loudon Lake. The combined acreage totals 3.63 acres. One lot, designated as Lot 17 on Gravelly Hills Rd., spans 1.97 acres and is located directly across from the lake. The second lot, Lot 14 on Forrest Ridge Rd., comprises 1.66 acres. Both lots are wooded and rolling, offering lake views. The properties are back-to-back, providing ample space for construction. The land features mature hardwoods and underground utilities. There is road frontage on both lots. TVA boat access is conveniently located nearby. The area is noted for its wildlife and quiet setting. The lots are located in Blount County. The intended use is for residential purposes. The owner will entertain selling the lots separately.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Louisville
    County
    Blount
    State
    Tennessee
    Longitude
    -84.13213
    Latitude
    35.837006

    Nearby Similar for Sale

    • $325,000

      Lashbrooke Waterfront Community Land

      Land in Lashbrooke Community with waterfront access and amenities.
      Rankin Ferry Loop Lot 8, Louisville, TN 37777
      View Details
    • $600,000

      Residential Land in Louisville, TN

      32.28 acres of land centrally located in Louisville, TN.
      3780 Wayne Bryant Rd, Louisville, TN 37777
      View Details
    • $600,000

      Residential Land in Louisville, TN

      15.3 acres centrally located near shopping and the Smoky Mountains.
      3720 Wayne Bryant Rd, Louisville, TN 37777
      View Details
    • $650,000

      Land in Louisville, Tennessee

      24.05 acre lot with building potential near Smoky Mountains.
      3740 Wayne Bryant Rd, Louisville, TN 37777
      View Details
    • $500,000

      Residential Land in Louisville, TN

      12.5 acre residential land centrally located in Louisville, Tennessee.
      3730 Wayne Bryant Rd, Louisville, TN 37777
      View Details
    • $70,000

      Land with Lake Views

      Land for private retreat, getaway, or investment in Louisville, TN.
      Channel Drive, Louisville, TN 37777
      View Details
    • $219,900

      Lashbrooke Gated Community Land

      Residential lot with lake view and community amenities.
      Newport Park Way, Louisville, TN 37777
      View Details
    • $265,000

      Lashbrooke Homesite on Lake Forest

      Rare opportunity to build in lakefront community with amenities.
      220 Lake Forest Way, Louisville, TN 37777
      View Details
    • $199,000

      Residential Land with Boat Slip

      Homesite in Lowes Ferry community with lake access.
      Promontory Point, Louisville, TN 37777
      View Details
    • $650,000

      Louisville, TN Land Opportunity

      20-acre land parcel in Louisville, TN, ideal for residential development.
      3710 Wayne Bryant Rd, Louisville, TN 37777
      View Details
    • $99,999

      Lake and Mountain View Land

      0.81-acre lot with lake and mountain views in Louisville, TN.
      4125 Gravelly Hills Rd, Louisville, TN 37777
      View Details
    • $15,000

      Land in Louisville, Tennessee

      0.25 acre lot with utility services available.
      4266 Miser Station Rd., Louisville, TN 37777
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjoining lots in Channel Oaks subdivision, Ft. Loudon Lake.
    Where is this residential land & home lot located?
    The property is located at Gravelly Hills/Forrest Ridge Louisville, TN.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Two adjoining lots totaling 3.63 acres in Channel Oaks subdivision on Ft. Loudon Lake.; Potential for building an upscale home in a quiet, scenic setting.; Enjoy lake views from both wooded and rolling lots.
    (865) 216-2782
    We can help!
    Listing Contact
    L.J. Kessler
    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!