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

    Rockport McIllwain Rd Lot 1 Holladay, TN 38341

    View on Map
    Claim this Listing
    For Sale
    $183,000

    LAND - Holladay, TN

    Lot size:
    61.00 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    66
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for Rockport McIllwain Rd Lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    113 00101
    Lot size
    61.00 Acres

    Taxes and HOA fees

    Tax Description
    A portion of Benton County Map 113 Parcel 001.01

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Jeffery Roney
    Jeffery Roney

    Listing agent Jeffery Roney License #338582

    Listing office Tennessee Valley Realty and In 235 Veterans Dr, Huntingdon, TN

    Listing date Mar 2, 2026

    MLS# 2600925 Listing URL

    Copyright © 2026 Central West Tennessee 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

    • 61 +/- acres of land suitable for building
    • Cleared, elevated building site with graveled entrance and culvert installed
    • Conveniently located less than 9 miles from I‑40 (Exit 126) and Highway 641N
    • Electricity and High‑Speed Fiber Internet available
    • Trees remaining around drainages and road
    • Located in Benton County

    Overview

    Land Opportunity in Benton County

    This property presents a land opportunity in Benton County, Tennessee, situated less than 9 miles from exit 126, 641N and I-40 in Holladay. The site encompasses 61 +/- acres and features a cleared, elevated building site, along with a graveled entrance and installed culvert. The land has been logged, with trees remaining around drainages and the road. Electric and high-speed fiber internet are available. Individual well and septic systems are required. The road frontage and lot dimensions will be determined by the final plat. Taxes are to be determined.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Holladay
    County
    Benton
    State
    Tennessee
    Longitude
    -88.014948
    Latitude
    35.933859

    Nearby Similar for Sale

    • $659,000

      Tennessee River Overlook Farm/Estate

      218-acre recreational property adjoining Tennessee Wildlife Refuge with timber and wildlife.
      0 Rockport McIllwain Rd, Holladay, TN 38341
      View Details
    • $69,000

      Unrestricted Land Near the Lake

      7.08 acres with road frontage, near lake and interstate.
      Birdsong Rd, HOLLADAY, TN 38341
      View Details
    • $867,000

      Holladay, TN Land Opportunity

      340+/- acres near I-40 with building site.
      Rockport McIllwain Road lot: 5, Holladay, TN 38341
      View Details
    • $159,000

      Private Acreage with Creek Access

      9.25-acre lot with creek, ideal for recreation or home.
      Birdsong Rd, HOLLADAY, TN 38341
      View Details
    • $16,000

      Holladay Lot with Creek

      Residential lot featuring a spring-fed creek and development potential.
      610 Maple Acres, HOLLADAY, TN 38341
      View Details
    • $69,000

      5-Acre Pasture with Mature Trees

      5-acre property with pasture, trees, and road frontage.
      603 Gobbler Dr, HOLLADAY, TN 38341
      View Details
    • $12,000

      Unrestricted Lot Near Boating Access

      Vacant 0.33-acre lot near Morgan Creek boating access.
      553 Marina Ridge Rd, HOLLADAY, TN 38341
      View Details
    • $8,000

      Vacant Lot Near Lake

      Unrestricted 0.603-acre lot with road access and electric.
      Id 14 OVERLOOK DR, HOLLADAY, TN 38341
      View Details
    • $409,000

      Holladay Vacant Land Tract

      108-acre vacant tract ideal for development, recreation, or investment.
      0 Bible Hill Road, Holladay, TN 38341
      View Details
    • $3,900

      Undeveloped Lot Near Boating Access

      Unrestricted 0.46 acre lot near Morgan Creek boating access.
      Id049 MARINA RIDGE RD, HOLLADAY, TN 38341
      View Details
    • $15,000

      Holladay, TN Vacant Lot

      Vacant lot in Holladay, Tennessee, with no building restrictions.
      Kelly Road, HOLLADAY, TN 38317
      View Details
    • $7,200

      Unrestricted Lot in Holladay, TN

      0.36 acre lot suitable for tiny home or cabin.
      Dixie Ln, HOLLADAY, TN 38341
      View Details

    FAQs

    What type of property is this?
    Land - 61+/- acres near I-40 with cleared building site.
    Where is this land located?
    The property is located at Rockport McIllwain Rd Lot 1 Holladay, TN.
    What is the asking price?
    The asking price for this property is $183,000.
    What are key features of this property?
    This property features: 61 +/- acres of land suitable for building; Cleared, elevated building site with graveled entrance and culvert installed; Conveniently located less than 9 miles from I‑40 (Exit 126) and Highway 641N
    (731) 535-0337
    We can help!
    Listing Contact
    Jeffery Roney
    Jeffery Roney
    Real Estate License ID: 338582
    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
    Rockport McIllwain Rd Lot 1, Holladay, TN 38341
    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!