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

    Thompson Rd Madisonville, TN 37354

    View on Map
    Sponsored
    For Sale
    $70,000

    LAND - Madisonville, TN

    Lot size:
    0.77 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 10 at 2:06 pm

    Property Features for Thompson Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    055 038.04 00
    Lot size
    0.77 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Eric Best
    Eric Best

    East Tennessee Properties LLC (423) 453-5722

    Listing agent Eric Best (423) 333-8157

    Listing date Mar 10, 2026

    MLS# 1331345

    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.

    Learn more

    Property Insight Report

    Overview

    Thompson Road Homesite Opportunity

    Located in Monroe County, this 0.77-acre homesite is part of the Thompson Road development. This lot is part of a four-lot phase, offering privacy and space. The property is suitable for a custom site-built home or a high-quality IRC modular home. There are light, common-sense standards in place to protect investment while allowing homeowners to create a home that fits their lifestyle. Single-family residential use is permitted, with a minimum of 1,200 square feet of heated living area. Short-term rentals are not allowed, with a 6-month minimum lease term. Fort Loudoun Electric is available on-site, and public water is available at the road. The septic system is pre-approved for 3 bedrooms, upgradeable to 4. The property features level topography and an easy build site. There are no HOA fees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Madisonville
    County
    Monroe
    State
    Tennessee
    Longitude
    -84.417415
    Latitude
    35.524328

    Nearby Similar for Sale

    • $298,900
      2,880 SF

      Commercial Property in Madisonville, TN

      Commercial property suitable for retail or office use in Madisonville.
      102 College St, Madisonville, TN 37354
      View Details
    • New
      $549,900
      36.92 Acres

      Monroe County Farmland with Mountain Views

      36.92 acres of rolling farmland with mountain views.
      184 Badger Rd, Madisonville, TN 37354
      View Details
    • Contact for pricing
      9,900 SF

      Former Physical Therapy Office Space

      2,400 SF former physical therapy office with therapy pool.
      520 Cook St, Madisonville, TN 37354
      View Details
    • $750,000
      2,800 SF

      Retail Space Near Highway 411

      Retail space, currently an auto dealership, near Highway 411.
      3984 Highway 411, Madisonville, TN 37354
      View Details
    • $299,900
      2,976 SF

      Versatile Commercial Building For Sale

      2,976 sq ft commercial building suitable for retail or office.
      715 Niles Ferry Rd, Madisonville, TN 37354
      View Details
    • $375,000
      3,201 SF

      Madisonville Office Building - Great Potential

      Updated Office Building, 3201 sq ft, Owner Financing
      422 Main St, Madisonville, TN 37354
      View Details
    • $324,900
      2,880 SF

      Madisonville Commercial Space - Great Potential

      Downtown Madisonville, versatile space, new roof.
      102 College St, Madisonville, TN 37354
      View Details
    • $298,900

      Mixed-Use Building with Loft Apartment

      Retail storefront with upstairs loft apartment or office space.
      102 College St S, Madisonville, TN 37354
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.77 acre homesite in Monroe County, ready to build.
    Where is this residential land & home lot located?
    The property is located at Thompson Rd Madisonville, TN.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: - Private, build-ready .77 acre lot offering privacy and long-term value.; - Flexibility to build a custom site-built home or a high-quality IRC modular home.; - No HOA fees, providing cost savings and freedom.
    (423) 333-8157
    Request Owner's contact information
    Thompson Rd Madisonville, TN 37354
    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.
    Thompson Rd
    Madisonville, TN 37354
    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
    Thompson Rd Madisonville, TN 37354
    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
    Eric Best
    Eric Best
    (423) 333-8157 (423) 453-5722
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!