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

    Morrison Road lot 2 Chuckey, TN 37641

    View on Map
    Claim this Listing
    New
    For Sale
    $324,000

    LAND - Chuckey, TN

    Lot size:
    24.00 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 11 at 6:06 pm

    Property Features for Morrison Road lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1
    Standard status
    Active
    APN
    037 026.00
    Lot size
    24.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    278

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Michael McNeese

    Listing agent Michael McNeese License #290535

    Listing office CENTURY 21 Legacy - Greeneville 93 N Rufe Taylor Road, Greeneville, TN

    Listing date Apr 7, 2026

    MLS# 9993634 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

    24-Acre Tract in Chuckey, TN

    Located on Morrison Road in Northeast Greene County, this property features two adjoining 24-acre tracts. The parcels offer a mix of open pasture and wooded acreage. The land gently rolls, gradually becoming steeper toward the back. A year-round creek flows along the front of both properties. The properties are located in an area that is not heavily built up, offering privacy and a quiet setting. The location provides convenient access to both Greeneville and Kingsport. The seller is currently having the survey completed. The property is agricultural land and farmland.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Chuckey
    County
    Greene
    State
    Tennessee
    Longitude
    -82.710314
    Latitude
    36.28614

    Nearby Similar for Sale

    • $675,000

      Historic Farmhouse on 47 Acres

      47.16-acre property with historic farmhouse, barns, and creek.
      465 Clear Creek Road, Chuckey, TN 37641
      View Details
    • $395,000

      Prime Land on Erwin Highway

      13+ acre tract with highway frontage in Chuckey, Tennessee.
      Erwin Highway, Chuckey, TN 37641
      View Details
    • $324,000

      24-Acre Tract with Barn

      Two adjoining tracts with pasture, woods, creek, and barn.
      Morrison Road lot: 1, Chuckey, TN 37641
      View Details
    • $379,000
      3,732 SF

      Restaurant and Residential Space Available

      Commercial and residential property with restaurant and living space.
      8310 E Andrew Johnson Highway, Chuckey, TN 37641
      View Details
    • $300,000

      32.55 Acres in Chuckey, TN

      Land with pasture, woods, creek, and mountain views.
      32ac Blake Lane, Chuckey, TN 37641
      View Details
    • $40,000

      Secluded Homesite with Mountain Views

      1.6-acre property ready for your dream home build.
      Tr 3 Charles Johnson Road, Chuckey, TN 37641
      View Details
    • $89,500

      4.27 Acres on State Highway

      4.27-acre tract with road frontage for building.
      5120 Erwin Highway, Chuckey, TN 37641
      View Details
    • $399,000

      Off-Grid Retreat in Chuckey, TN

      Sustainable 20-acre retreat with cabin, solar power, and rainwater system.
      1578 Horse Creek Park Road, Chuckey, TN 37641
      View Details
    • $800,000

      83 Acres in Chuckey, TN

      83 acres of pastureland and woodland with mountain views.
      Pitt Loop, Chuckey, TN 37641
      View Details
    • $169,900

      7.4 Acre Chuckey Land

      7.4 acre tract with pond and mountain views.
      Barren Road, Chuckey, TN 37641
      View Details
    • $380,000

      Unrestricted Wooded Land For Sale

      21.49 acres of unrestricted, mostly wooded land in Chuckey, TN.
      955 Old Hall Road, Chuckey, TN 37641
      View Details
    • $599,999

      68+ Acres Near Golf Course

      Large acreage in Greene County, TN, near Graysburg Hills Golf Course.
      0 Graysburg Hills Rd, Chuckey, TN 37641
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Two adjoining 24-acre tracts with pasture, woods, and creek.
    Where is this agricultural land / farmland located?
    The property is located at Morrison Road lot 2 Chuckey, TN.
    What is the asking price?
    The asking price for this property is $324,000.
    What are key features of this property?
    This property features: Two adjoining 24‑acre tracts totaling 48 acres offering privacy and usability.; Mix of open pasture and wooded acreage provides functional space and natural beauty.; Year‑round creek flows along the front of both properties, enhancing the peaceful setting.
    (423) 552-5330
    We can help!
    Listing Contact
    Michael McNeese
    Real Estate License ID: 290535
    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!