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    Needles Way, Unit 10A Sevierville, TN 37876

    Sponsored
    For Sale
    $324,000

    LAND - Sevierville, TN

    Lot size:
    4.44 Acres
    Days on Market:
    44
    Last Refresh:
    Jan 28 at 12:06 pm

    Property Features for Needles Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    A1
    APN
    088F C 012.00
    Lot size
    4.44 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Waterfront, Lake Front
    Water front
    1

    Building Details

    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Deborah Korlin
    Deborah Korlin

    CENTURY 21 MVP (865) 429-2121

    Listing agent Deborah Korlin (865) 765-6157

    Listing date Dec 16, 2025

    MLS# 309431

    Copyright © 2026 Great Smoky Mountains 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.

    Learn more

    Property Insight Report

    Overview

    Lakefront Land with Mountain Views

    This 4.4-acre property offers 86 feet of Douglas Lake frontage and is surrounded by mature Smoky Mountain oak, maple, and dogwood forest. The property provides privacy and a prime house site positioned for lake views and access. The waterfront area has been cleared and tiered for shoreline access. With multiple building sites and no HOA restrictions, the land allows for a multi-family lakefront getaway or a private vacation compound for Short Term Rental use. The main house seat captures views of the cove and the main channel. The land also features outbuildings, including a hunting lodge, a smokehouse, and a garage workshop with a bonus room above it. These spaces are suitable for those who work from home or need room for restoring cars, antiques, or boats. The property includes an iconic hunting lodge with one bedroom. Douglas Lake spans 30,400 acres and reaches depths of up to 140 feet, stretching 43 miles upriver from Douglas Dam. Managed by TVA, the water level drops in winter to prevent flooding, revealing walkable shores. The lake is known as one of the nation's top fishing lakes for crappie and largemouth bass, and also offers fishing for white, striped, and spotted bass year-round. Douglas Lake offers opportunities for kayaking, canoeing, jet skiing, pontoon cruises, and ski boating.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Map

    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.460302
    Latitude
    35.954774

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    FAQs

    What type of property is this?
    Waterfront Property - Rare 4.4-acre lakefront property with multiple building sites.
    Where is this waterfront property located?
    The property is located at Needles Way, Unit 10A Sevierville, 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: - 86 feet of Douglas Lake frontage on a rare 4.4-acre property.; - Prime, cleared house site ready for building with maximum lake views.; - Multiple building sites with no HOA restrictions, allowing for diverse development options.
    (865) 765-6157
    Request Owner's contact information
    Needles Way, Unit 10A Sevierville, TN 37876
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    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
    Needles Way, Unit 10A Sevierville, TN 37876
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    We can help!
    Listing Contact
    Deborah Korlin
    Deborah Korlin
    (865) 765-6157
    Learn more
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