Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    29 Acres in Sunalei Preserve Title is generated by Realmo AI

    Modock NE Road, Trade, TN 37691

    View on Map
    Claim this Listing
    For Sale
    $425,000

    LAND - Trade, TN

    Lot size:
    29.40 Acres
    Added:
    Oct 16, 2025
    Days on Market:
    228
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for Modock NE Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    087 088.01
    Lot size
    29.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    390

    We can help!

    Listing Contact
    Gina Ross

    Listing agent Gina Ross License #365112

    Listing office KW Johnson City 3009 Greenline Road, Johnson City, TN

    Listing date Oct 16, 2025

    MLS# 9987103 Listing URL

    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

    Located within the gated community of Sunalei Preserve, this 29.4-acre homesite offers a combination of level and gently sloping terrain suitable for building. The property has potential for long-range vistas that can be revealed with selective clearing. Multiple building sites are possible due to the land's contours. The natural setting provides privacy. The property is situated at over 3900 feet in elevation. It is located within a community known for its beauty and mountain character. Horses are permitted within the community. This lot has potential pasture area and allows for an additional guest house. The property is located in Trade, TN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Trade
    County
    Johnson
    State
    Tennessee
    Longitude
    -81.735308
    Latitude
    36.344932

    Nearby Similar for Sale

    • $396,000

      Unrestricted Land Near Boone, NC

      44 acres of unrestricted land with pasture and wooded areas.
      Miller Lane, Trade, TN 37691
      View Details
    • $174,900

      Land with Mountain View Potential

      15-acre land with bold streams and mountain view potential.
      Bulldog Road, Trade, TN 37691
      View Details
    • $599,000

      Expansive Land in Trade, TN

      Large acreage with streams and timber near Mountain City.
      Fred Wallace Road, Trade, TN 37691
      View Details
    • $599,000

      Expansive Land in Trade, TN

      Large acreage with views, timber, and development potential.
      Fred Wallace Road, Trade, TN 37691
      View Details
    • $318,750

      Elevated Mountain Land with Sunset Views

      10.35 acres in Sunalei Forest with long-range views.
      C614 Buffalo Nvno Road, Trade, TN 37691
      View Details
    • $249,900

      Tennessee Mountaintop Land For Sale

      12+ acre mountaintop property near Watauga Lake and VA Creeper Trail.
      584 Dotson Road, Trade, TN 37691
      View Details
    • $249,900

      Tennessee Mountaintop Land For Sale

      12+ acre mountain property with RV, hookups, and mountain views.
      584 Dotson Road, Trade, TN 37691
      View Details
    • $174,900

      Trade TN Land For Sale

      15 acre unrestricted land with mountain views and stream.
      Bulldog Road, Trade, TN 37691
      View Details
    • $249,900

      Mountain View Land in Trade, TN

      4.04-acre lot with long-range mountain views in gated community.
      V6 Sun Shine Nvno, Trade, TN 37691
      View Details
    • $39,000

      Land with Mountain Views

      2.6 acre building lot with mountain views near Boone, NC.
      9840 Hwy 421 S, Trade, TN 37691
      View Details
    • $489,000

      Vacant Land in Trade, TN

      24.5 acres of vacant land in Trade, Tennessee.
      9990 HWY 421 S, Trade, TN 37691
      View Details
    • $265,000

      5 Acres with Rental Units

      5 acres with multiple rental units near Boone, North Carolina.
      9980 HWY 412 S, Trade, TN 37691
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite in gated community with mountain views and amenities.
    Where is this residential land & home lot located?
    The property is located at Modock NE Road Trade, TN.
    What is the asking price?
    The asking price for this property is $425,000.
    (828) 387-1794
    We can help!
    Listing Contact
    Gina Ross
    Real Estate License ID: 365112
    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
    Modock NE Road, Trade, TN 37691
    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!