Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Spectacular Views Title is generated by Realmo AI

    0A Waynesboro HWY, Waynesboro, TN 38485

    View on Map
    Claim this Listing
    For Sale
    $39,000

    5+/- acres near Buffalo River, building pad cleared.

    Type:Land or Vacant Lot
    Lot size:
    5.00 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    135
    Last Refresh:
    Apr 5 at 10:47 pm

    Property Features for 0A Waynesboro HWY

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JEANINE HIGGINS
    JEANINE HIGGINS

    Listing agent JEANINE HIGGINS

    Listing office LAND OF THE SOUTH REALTY

    Listing date Jan 21, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of LAND OF THE SOUTH REALTY

    HighLights

    • 5+/- acres with spectacular views
    • Close proximity to Buffalo River
    • Building pad area already cleared
    • Electric service to be established within 200 ft of property
    • Only 15 minutes to the nearest town
    • More acreage is available

    Overview

    This property features 5+/- acres with views, located a few miles from the Buffalo River and 15 minutes from the nearest town. The area has been cleared for a building pad. Electric service is to be established within 200 feet of the property. A survey will be required. Additional acreage is available. The lot is located immediately on the right at the end of the dirt road off of HWY 13. Restrictions include no single-wide homes and no junk or abandoned vehicles are permitted on the property.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Storage Facility (Bike/Boat/Book/etc) Store Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Wayne
    State
    Tennessee
    Longitude
    -87.7624
    Latitude
    35.3405

    Nearby Similar for Sale

    • $225,000
      2,700 SF

      Remodeled Commercial Building on Square

      Remodeled 2700 sq ft commercial building in Waynesboro, TN.
      108 Public Sq N, Waynesboro, TN 38485
      View Details
    • $849,000
      3,200 SF

      Spacious Ranch with Usable Land

      44-acre ranch featuring a 3,200 sq ft home.
      125 Ashland Rd, Waynesboro, TN 38485
      View Details
    • $75,000
      1,000 SF

      Commercial Building on Public Square

      2,000 sq ft commercial building in Waynesboro, TN.
      110 Public Sq N, Waynesboro, TN 38485
      View Details
    • $329,000

      Mini Farm for Horse Lovers

      Charming country property ideal for horses, livestock, or rural living.
      1775 Old Beech Creek Rd, Waynesboro, TN 38485
      View Details
    • $149,000
      2,000 SF

      Mixed-Use Commercial Building on Hwy 99

      2,000 sq. ft. mixed-use building in Waynesboro, Tennessee.
      721 HWY 99, Waynesboro, TN 38485
      View Details
    • $4,100,000
      35,000 SF

      Unique Retreat with Natural Wonders

      51-acre retreat featuring cabins, event spaces, and natural attractions.
      299 Natural Bridge Park Rd, Waynesboro, TN 38485
      View Details
    • $1,699,900

      350-Acre Farm on Buffalo River

      Rare farm with river frontage, income potential, and recreational opportunities.
      3301 Natural Bridge Rd, Waynesboro, TN 38485
      View Details
    • $1,407,500

      Buffalo Riverfront Land Opportunity

      Stunning riverfront land with development potential on the Buffalo River.
      7209 Topsy Rd, Waynesboro, TN 38485
      View Details
    • $999,900

      97 Acres of Rolling Hills

      97 acres of land ideal for recreation or building.
      1 Topsy Store Rd, Waynesboro, TN 38485
      View Details
    • $75,000

      Acreage with Spectacular Views

      Land with views near Buffalo River, close to town.
      0C Waynesboro HWY, Waynesboro, TN 38485
      View Details
    • $83,500

      Land with Spectacular Views

      18.5+/- acres near Buffalo River, suitable for development.
      0D Waynesboro HWY, Waynesboro, TN 38485
      View Details
    • $848,500

      Land For Sale

      Land available for purchase in Waynesboro, Tennessee.
      125 Ashland Rd, Waynesboro, TN 38485
      View Details

    FAQs

    What type of property is this?
    Land - 5+/- acres near Buffalo River, building pad cleared.
    Where is this land located?
    The property is located at 0A Waynesboro HWY Waynesboro, TN.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: 5+/- acres with spectacular views; Close proximity to Buffalo River; Building pad area already cleared
    (931) 796-1011
    We can help!
    Listing Contact
    JEANINE HIGGINS
    JEANINE HIGGINS
    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
    0A Waynesboro HWY, Waynesboro, TN 38485
    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!