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    Parcel 45. Martin Luther King Jr Pkwy Morristown, TN 37813

    Pending
    For Sale
    $199,900

    Business - Morristown, TN

    Type:Business
    Lot size:
    1.71 Acres
    Days on Market:
    83
    Last Refresh:
    Dec 9 at 4:06 pm

    Property Features for Parcel 45. Martin Luther King Jr Pkwy

    General Information

    Property type
    Land
    Property subtype
    Business
    Standard status
    Pending
    Lot size
    1.71 Acres

    Building Details

    Architectural style
    Other

    REALTY EXECUTIVES PREMIER (423) 586-8888

    Listing agent Andy Hall (423) 586-8888 License #287885

    Listing date Sep 18, 2025

    MLS# 581126 Listing URL

    Copyright © 2025 Lakeway Area 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.

    Overview

    Corner Lot on Highway 160

    This is a 1.71-acre corner lot located on the intersection of Highway 160 and Martin Luther King Jr Parkway in Morristown, Hamblen County, Tennessee. The property is identified as Parcel 45 and is situated in the 37813 postal code area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.307921
    Latitude
    36.193699

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    FAQs

    What type of property is this?
    Commercial land - Corner lot on Hwy 160 and Martin Luther King Jr Pkwy.
    Where is this commercial land located?
    The property is located at Parcel 45. Martin Luther King Jr Pkwy Morristown, TN.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Corner lot; - Located on Hwy 160; - Located on Martin Luther King Jr Pkwy
    (423) 586-8888
    Request Owner's contact information
    Parcel 45. Martin Luther King Jr Pkwy Morristown, TN 37813
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    Realmo Value Estimation

    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.

    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.

    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
    Parcel 45. Martin Luther King Jr Pkwy Morristown, TN 37813
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