Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ready-to-Build Lot Near Ocoee River Title is generated by Realmo AI

    Parksville Road lot 1, Benton, TN 37307

    View on Map
    Claim this Listing
    For Sale
    $69,999

    LAND - Benton, TN

    Type:Single Family Residence
    Lot size:
    1.53 Acres
    Added:
    Nov 22, 2025
    Days on Market:
    177
    Last Refresh:
    May 18 at 6:06 pm

    Property Features for Parksville Road lot 1

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    046 046.06
    Lot size
    1.53 Acres

    Taxes and HOA fees

    Tax Annual Amount
    75

    Utilities

    Utilities
    Electricity Available
    Water source
    Public

    We can help!

    Listing Contact
    Brittany Allen

    Listing agent Brittany Allen License #353767

    Listing office Silver Key Realty - Athens 801 Decatur Pk STE 4, Athens, TN

    Listing date Nov 22, 2025

    MLS# 20255549 Listing URL

    Copyright © 2026 River Counties 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.

    HighLights

    • Ready‑to‑build 1.53 acre lot just outside Benton city limits.
    • Water and electricity available at the road.
    • Driveway already cut in.
    • Manufactured homes allowed.
    • Moments from Parksville Lake and the Ocoee River.
    • Located in a sought‑after outdoor recreation area.

    Overview

    This 1.53 acre ready-to-build lot is located just outside the Benton city limits. The property is gently laying and has water and electricity available at the road. A driveway is already cut in. Manufactured homes are allowed, offering versatility for building preferences. The location is near Parksville Lake and the Ocoee River, providing access to outdoor recreation. This property offers a balance of rural living with easy access to town in Polk County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Benton
    County
    Polk
    State
    Tennessee
    Longitude
    -84.635384
    Latitude
    35.160906

    Nearby Similar for Sale

    • $939,900

      Hiawassee River Bed & Breakfast

      Established bed and breakfast on Hiawassee River frontage.
      5518 Hwy 30, Benton, TN 37307
      View Details
    • $199,900

      Secluded 5-Acre Parcel in Benton

      Ready-to-build 5-acre parcel near Ocoee and Cherokee National Forest.
      1250 Welcome Valley Road, Benton, TN 37307
      View Details
    • $70,000

      Benton, TN Land For Sale

      0.64-acre lot with utilities near Cherokee National Forest.
      224 Sweeney Road, Benton, TN 37307
      View Details
    • $99,500

      Residential Lot in Benton, TN

      Half-acre lot with utilities and storage buildings.
      232 Sweeney Rd, Benton, TN 37307
      View Details
    • $69,999

      Ready-to-Build Lot Near Ocoee River

      1.53 acre lot near Parksville Lake and Ocoee River.
      Parksville Road lot: 1, Benton, TN 37307
      View Details
    • $159,000

      Riverfront Land on Ocoee River

      0.96-acre riverfront property on the scenic Ocoee River.
      Crews Drive lot: 18, Benton, TN 37307
      View Details
    • $79,900

      Benton, TN Land with Views

      2.01 acre lot with mountain views and utilities.
      8920 Hwy 411, Benton, TN 37307
      View Details
    • $79,900

      Benton, TN Land with Views

      Residential land with mountain views and utilities in place.
      8900 Hwy 411, Benton, TN 37307
      View Details
    • $79,900

      Benton, TN Land with Views

      Residential land with mountain views and river access in Benton.
      8850 Hwy 411, Benton, TN 37307
      View Details
    • $125,000

      Benton, TN 1.2-Acre Lot

      1.2-acre lot in Waterstone subdivision with Hiwassee River views.
      194 Waterstone Drive, Benton, TN 37307
      View Details
    • $59,900

      Land with Mountain Views

      Residential land with utilities and river access in Benton, TN.
      124 Waterstone Drive, Benton, TN 37307
      View Details
    • $240,000

      Spacious Land in Polk County

      6.71 acres in Polk County with utilities and prime location.
      Benton Station Road lot: 1, Benton, TN 37307
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.53 acre lot near Parksville Lake and Ocoee River.
    Where is this residential land & home lot located?
    The property is located at Parksville Road lot 1 Benton, TN.
    What is the asking price?
    The asking price for this property is $69,999.
    What are key features of this property?
    This property features: Ready‑to‑build 1.53 acre lot just outside Benton city limits.; Water and electricity available at the road.; Driveway already cut in.
    (423) 464-0801
    We can help!
    Listing Contact
    Brittany Allen
    Real Estate License ID: 353767
    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
    Parksville Road lot: 1, Benton, TN 37307
    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!