Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Overton Rd Lot 2 Maynardville, TN 37807

    View on Map
    Claim this Listing
    For Sale
    $59,999

    LAND - Maynardville, TN

    Lot size:
    1.59 Acres
    Added:
    Jan 22, 2025
    Days on Market:
    470
    Last Refresh:
    May 7 at 12:06 am

    Property Features for Overton Rd Lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    022010.38000
    Lot size
    1.59 Acres

    Taxes and HOA fees

    Tax Annual Amount
    134

    We can help!

    Listing Contact
    Joy Hall
    Joy Hall

    Listing agent Joy Hall

    Listing office Wallace 3009 Tazewell Pike, Knoxville, TN

    Listing date Jan 22, 2025

    MLS# 1287637 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.

    HighLights

    • Walking distance to Norris Lake and adjacent to TVA property
    • Possible owner financing
    • Allows horses (unique subdivision feature)
    • One of the closest lots to Norris Lake
    • Located between Hickory Star Marina and Bubba Brews
    • 15‑20 minutes to shopping, restaurants, and other marinas

    Overview

    Maynardville Land Near Norris Lake

    This 1.59-acre lot is located in Maynardville, Tennessee. It is one of the closest lots to Norris Lake and borders TVA property. The subdivision is the only one left that allows horses. The property is within walking distance to Norris Lake and is situated between Hickory Star Marina and Bubba Brews. It is also located approximately 15 to 20 minutes from shopping, restaurants, and other marinas. The property is located in Union County. The listing title is LAND - Maynardville, TN. Possible owner financing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Maynardville
    County
    Union
    State
    Tennessee
    Longitude
    -83.693836
    Latitude
    36.345228

    Nearby Similar for Sale

    • $198,500

      Cleared Land with Mountain Views

      7.75 acres ready for building near Norris Lake.
      Hubbs Grove Rd, Maynardville, TN 37807
      View Details
    • $299,900

      Maynardville Highway Commercial Land

      1.58 acres with high visibility and traffic exposure.
      1515 Main St, Maynardville, TN 37807
      View Details
    • $749,300
      3,696 SF

      Spacious Maynardville Multifamily Property

      Multifamily property featuring a house, rental home, and outbuildings.
      668 Raccoon Valley Rd, Maynardville, TN 37807
      View Details
    • $185,000

      Maynardville Land with Development Potential

      12-acre tract in Maynardville, TN, ideal for building or recreation.
      Ailor Gap Rd, Maynardville, TN 37807
      View Details
    • $59,900

      Residential Land Near Norris Lake

      0.93 acre lot in Hickory Pointe subdivision near Knoxville.
      Hickory Pointe Lane lot: 148, Maynardville, TN 37807
      View Details
    • $45,000

      Maynardville Land for Residential Development

      Unrestricted 0.46-acre lot, ideal for building or placing a home.
      Hubbs Grove Rd lot: 2, Maynardville, TN 37807
      View Details
    • $105,000

      Maynardville Land Near Norris Lake

      4.8 acres of land near Norris Lake.
      Overton Road lot: 18/19, Maynardville, TN 37807
      View Details
    • $299,900

      30 Acres of Versatile Land

      Land with open space and natural privacy in Maynardville, TN.
      Kettle Hollow Rd, Maynardville, TN 37807
      View Details
    • $129,900

      Residential Land Near Norris Lake

      Almost 2-acre lot in Hickory Pointe community near Norris Lake.
      Lot 34 Hickory Pointe Lane, Maynardville, TN 37807
      View Details
    • $299,900

      45 Acres of Versatile Land

      Land with open space and natural privacy in Maynardville, TN.
      Kettle Hollow Rd, Maynardville, TN 37807
      View Details
    • $42,000

      Maynardville Land for Residential Development

      Unrestricted 0.58-acre lot, ideal for building or mobile home.
      Hubbs Grove Rd lot: 3, Maynardville, TN 37807
      View Details
    • $199,900

      Commercially Zoned Corner Lot

      1.16 acre commercially zoned corner lot on Maynardville Hwy.
      Maynardville Hwy, Maynardville, TN 37807
      View Details

    FAQs

    What type of property is this?
    Land - 1.59 acre lot near Norris Lake in Maynardville, TN.
    Where is this land located?
    The property is located at Overton Rd Lot 2 Maynardville, TN.
    What is the asking price?
    The asking price for this property is $59,999.
    What are key features of this property?
    This property features: Walking distance to Norris Lake and adjacent to TVA property; Possible owner financing; Allows horses (unique subdivision feature)
    (865) 258-4217
    We can help!
    Listing Contact
    Joy Hall
    Joy Hall
    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

    Thank You for Inquiry
    Overton Rd, Lot 2, Maynardville, TN 37807
    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!