Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Siesta Dr, Unit 82 Newport, TN 37821

    Sponsored
    For Sale
    $175,000

    LAND - Newport, TN

    Lot size:
    3.27 Acres
    Days on Market:
    45
    Last Refresh:
    Jan 20 at 6:06 pm

    Property Features for Siesta Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    083D F 08200 000
    Parking features
    RV
    Lot size
    3.27 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    John Scott
    John Scott

    Linhart Realty Group d/b/a Remax Preferred Pigeon Forge (865) 401-0618

    Listing agent John Scott (865) 654-1163

    Listing date Dec 7, 2025

    MLS# 307482 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Barndominium-Ready Land with Mountain Views

    This 3.27-acre property is located at the end of a cul-de-sac on Siesta Drive in the mountains near Cosby, Tennessee. The property is suited for builders, investors, or future homeowners. Included with the land is a 50x40x20 Mueller barndominium kit. The foundation has been poured with a crawlspace design. The barndo is planned to reach 28 ft at its gable peak, offering 4000 sq ft of total living space. The property has public water, 200-amp electric, and a 3-bedroom septic permit on file. It is located just minutes off Cosby Hwy. The property has mountain views and gently rolling terrain surrounding a level home site. There is a spring-fed pond at the low point of the property. The property is ideal for a barndominium retreat, creative homestead, or rental investment. It is located in Newport, TN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.20884
    Latitude
    35.899796

    Nearby Similar for Sale

    • $575,000
      0.82 Acres

      Newport Commercial Property For Sale

      Versatile commercial property with excellent visibility and convenient access.
      555 Morrell Springs Rd, Newport, TN 37821
      View Details
    • $799,000
      0.33 Acres

      Remodeled Multi-Use Commercial Building

      Completely remodeled building suitable for office, retail, or treatment center.
      1010 Hwy W, Newport, TN 37821
      View Details
    • $787,000
      10,716 SF

      Versatile Commercial Property on 1.9 Acres

      Over 10,000 sq ft on 1.9 acres near I-40.
      977 Hwy, Newport, TN 37821
      View Details
    • $1,500,000
      0.57 Acres

      Newport Warehouse with Living Quarters

      Distribution warehouse with living space and high visibility.
      868 Hwy W, Newport, TN 37821
      View Details
    • $2,999,000
      9,029 SF

      Newport, TN Multi-Use Commercial Property

      Thriving commercial property with diverse income streams in high-traffic location.
      861 Hwy W, Newport, TN 37821
      View Details
    • $2,999,000
      9,029 SF

      Multi-Use Commercial Property For Sale

      Thriving commercial property with diverse income streams in Newport, TN.
      861 Hwy E, Newport, TN 37821
      View Details
    • $2,999,000
      1.68 Acres

      Newport Commercial Property For Sale

      Multi-use commercial property with diverse income streams in Newport, TN.
      861 Hwy W, Newport, TN 37821
      View Details
    • $2,999,000
      9,029 SF

      Multi-Use Commercial Property For Sale

      Thriving commercial property with diverse income streams in Newport, TN.
      861 Hwy W, Newport, TN 37821
      View Details
    • $787,000
      1.90 Acres

      Spacious Warehouse on 1.9 Acres

      Warehouse with apartment, highway frontage, and ample parking.
      977 W Hwy 25-70 Hwy, Newport, TN 37821
      View Details
    • New
      $349,999
      Pending

      Mixed-Use Property with High Ceilings

      Mixed-use commercial property with machine shop, office, and living quarters.
      310 Hwy 25E, Newport, TN 37821
      View Details
    • New
      $349,999
      2,876 SF

      Commercial Property with Machine Shop

      Commercial property with machine shop, living quarters, and high potential.
      310 Highway 25 E, Newport, TN 37821
      View Details
    • $175,000
      0.58 Acres

      Newport Commercial Property with Potential

      Affordable commercial property with city utilities and development potential.
      108 English St, Newport, TN 37821
      View Details

    FAQs

    What type of property is this?
    Land - 3.27-acre property near Cosby, TN, with utilities and barndominium kit.
    Where is this land located?
    The property is located at Siesta Dr, Unit 82 Newport, TN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Barndominium-ready 3.27-acre property with MOUNTAIN VIEWS, public water, 200-amp electric, and 3-bedroom septic permit on file.; - Includes a 50x40x20 Mueller barndominium kit (4000 sq ft total living space) already on site.; - Foundation poured with crawlspace for easy access to plumbing and electrical.
    (865) 654-1163
    Request Owner's contact information
    Siesta Dr, Unit 82 Newport, TN 37821
    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.
    Siesta Dr, Unit 82
    Newport, TN 37821
    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
    Siesta Dr, Unit 82 Newport, TN 37821
    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

    We can help!
    Listing Contact
    John Scott
    John Scott
    (865) 654-1163
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.