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

    Waterfront Sharps Chapel, TN 37866

    View on Map
    Claim this Listing
    For Sale
    $85,750

    LAND - Sharps Chapel, TN

    Lot size:
    0.82 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    57
    Last Refresh:
    Apr 30 at 8:06 pm

    Property Features for Waterfront

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    027H A 005.00
    Lot size
    0.82 Acres

    Taxes and HOA fees

    Tax Annual Amount
    309

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Davor Blagojevic
    Davor Blagojevic

    Listing agent Davor Blagojevic

    Listing office Honors Real Estate Services LLC 115 Suburban Road, Knoxville, TN

    Listing date Mar 4, 2026

    MLS# 1331265 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.

    Overview

    Norris Lake Cleared Building Lot

    This 0.82-acre cleared lot is located in Sharps Chapel, Tennessee, and is ready for construction. Utilities are available on site. Light building restrictions are in place to help protect property values. The property is near the shoreline of Norris Lake, providing access to boating, fishing, and outdoor recreation. It is suitable for a permanent residence, vacation home, or lake retreat. The location offers privacy and natural surroundings in a quiet and desirable area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sharps Chapel
    County
    Union
    State
    Tennessee
    Longitude
    -83.803339
    Latitude
    36.342908

    Nearby Similar for Sale

    • $23,975

      Private Acreage with Lake Views

      1.05-acre lot with potential lake views in Norris Shores.
      Grandpas Ridge lot: 77, Sharps Chapel, TN 37866
      View Details
    • $25,000

      Scenic Land Near Norris Lake

      Build your dream home with seasonal lake views in Tennessee.
      344 Larayne Hollow Rd, Sharps Chapel, TN 37866
      View Details
    • $112,500

      Lakefront Lot in Norris Shores

      1.5-acre lakefront lot with sunset views and marina access.
      Emerald Pt, Sharps Chapel, TN 37866
      View Details
    • $14,500

      Land Near Norris Lake

      Affordable land near Norris Lake, ideal for recreation.
      Russell Brothers Rd lot: 736, Sharps Chapel, TN 37866
      View Details
    • $13,000

      Sunset Bay Wooded Acreage

      2.25 acres in Sunset Bay development on Norris Lake.
      Eagle Court lot: 339, Sharps Chapel, TN 37866
      View Details
    • $24,900

      Sharps Chapel Land with Lake View

      Residential land with potential lake views and buried utilities.
      Russell Brothers Rd lot: 694Nr, Sharps Chapel, TN 37866
      View Details
    • $165,750

      Norris Lake View Lot

      0.72-acre lot with lake and mountain views.
      Russell Brothers Rd lot: 676, Sharps Chapel, TN 37866
      View Details
    • $14,500

      Sunset Bay Homesite on Norris Lake

      0.59-acre lot with utilities, lake views, and resort amenities.
      Russell Brothers Road lot: 736, Sharps Chapel, TN 37866
      View Details
    • $69,900

      Secluded Land Near Norris Lake

      5.03 acres in a private, unrestricted country setting.
      Walker Rd, Sharps Chapel, TN 37866
      View Details
    • $60,000

      Residential Land Near Water

      0.75 acre lot near water and clubhouse.
      Anchor Place, Sharps Chapel, TN 37866
      View Details
    • $330,000

      Sharps Chapel Land with Ponds

      29+ acres near Norris Lake with ponds and privacy.
      Oak Grove Rd, Sharps Chapel, TN 37866
      View Details
    • $155,000

      Norris Lake View Lot

      0.78-acre lot with utilities, lake views, and community amenities.
      Captains Cove lot: 211, Sharps Chapel, TN 37866
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared lot ready for construction on Norris Lake.
    Where is this residential land & home lot located?
    The property is located at Waterfront Sharps Chapel, TN.
    What is the asking price?
    The asking price for this property is $85,750.
    What are key features of this property?
    This property features: Ready to build: Cleared lot with utilities available on site.; Norris Lake access: Enjoy close proximity to the lake for boating, fishing, and recreation.; No HOA: Enjoy freedom with no homeowner's association fees or regulations.
    (865) 202-2680
    We can help!
    Listing Contact
    Davor Blagojevic
    Davor Blagojevic
    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!