Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Penelope Lane lot 22 Sevierville, TN 37876

    View on Map
    Claim this Listing
    For Sale
    $80,000

    LAND - Sevierville, TN

    Lot size:
    0.77 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    143
    Last Refresh:
    Apr 30 at 9:06 pm

    Property Features for Penelope Lane lot 22

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    029J A 022.00
    Lot size
    0.77 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    56

    We can help!

    Listing Contact
    Lucas Amet
    Lucas Amet

    Listing agent Lucas Amet

    Listing office Century 21 MVP 209 E Main Street, TN

    Listing date Dec 8, 2025

    MLS# 309364 Listing URL

    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.

    Overview

    Sevierville Land Near Douglas Lake

    This 0.77-acre lot is located in the Fox Vista Subdivision in Sevierville, Tennessee. The gently wooded setting offers privacy and convenience, making it suitable for a primary residence, second home, or investment property. The location provides access to nearby Douglas Lake, Sevierville attractions, and the Smoky Mountains, offering various recreational opportunities. This lot is suitable for constructing a modern cabin, cozy retreat, or primary home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.475861
    Latitude
    35.910113

    Nearby Similar for Sale

    • $895,000
      2,976 SF

      Turnkey Income-Producing Cabins on 2.77 Acres

      Two cabins on 2.77 acres, turnkey and income-producing.
      1805 Shady Grove Rd, Sevierville, TN 37876
      View Details
    • $999,999
      5,312 SF

      Sevierville Commercial Property For Sale

      Commercial property in downtown Sevierville with multiple potential uses.
      526 Belle Ave, Sevierville, TN 37862
      View Details
    • $1,200,000
      3,120 SF

      Renovated Lodge with Event Venue

      Boutique lodge with event venue potential near Smoky Mountains.
      3804 Wears Valley Road, Sevierville, TN 37862
      View Details
    • $499,000
      1,504 SF

      Sevierville Commercial Opportunity For Sale

      Commercial property in Sevierville, remodeled for dog grooming facility.
      1310 Cherokee Circle, Sevierville, TN 37862
      View Details
    • $600,000
      1,400 SF

      Sevierville Office Condominium Investment

      Three leased office units totaling 1,400 SF in Sevierville.
      2040 Winfield Dunn Parkway, Sevierville, TN 37876
      View Details
    • $4,000
      1,920 SF

      Prime Commercial Location in Sevierville

      High-visibility commercial property near Pigeon Forge Parkway with remodeling options.
      3136 Easy St, Sevierville, TN 37862
      View Details
    • $990,000
      2,304 SF

      Two Cabins in Resort Setting

      Two cabins in Little Valley Mountain Resort with acreage.
      2244 Valley Mountain Way, Sevierville, TN 37862
      View Details
    • $1,490,000
      2,681 SF

      Restaurant Opportunity in Sevierville, TN

      Operating restaurant on commercially-zoned lots in Sevierville, Tennessee.
      1818 Winfield Dunn Parkway, Sevierville, TN 37876
      View Details
    • $499,000
      2,762 SF

      Sevierville Commercial Development Opportunity

      Commercial-zoned properties near Dolly Parton Parkway and Downtown Sevierville.
      226 E Main Street, Sevierville, TN 37862
      View Details
    • $825,000
      2,808 SF

      Rare Duplex Cabin Near Pigeon Forge

      Duplex cabin ideal for investors or owner-occupiers near attractions.
      3012 Legacy Vista Drive, Sevierville, TN 37876
      View Details
    • $750,000
      2,776 SF

      Two Cabins, One Purchase

      Two income-producing cabins in Wears Valley, fully furnished.
      2740 Waldens Creek Road unit: 1 & 2, Sevierville, TN 37862
      View Details
    • $599,000
      4,044 SF

      Sevierville Multifamily Property with Income

      Multifamily property with basement apartment and expansion potential.
      1455 Chapman Highway, Sevierville, TN 37876
      View Details

    FAQs

    What type of property is this?
    Land - Wooded lot near Douglas Lake, ideal for primary or second home.
    Where is this land located?
    The property is located at Penelope Lane lot 22 Sevierville, TN.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Build your dream home in the desirable Fox Vista Subdivision near Douglas Lake.; Ideal for primary residence, second home, or investment property.; Gently wooded lot provides privacy and a peaceful setting.
    (865) 806-4724
    We can help!
    Listing Contact
    Lucas Amet
    Lucas Amet
    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!