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    1770 Walters Dr Morristown, TN 37814

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    For Sale
    $799,000

    26-acre residential development land with high-density potential in Morristown, TN.

    Property size:
    25 SF
    Lot size:
    25.67 Acres

    Property Features for 1770 Walters Dr

    General Information

    Size
    25 SF
    Lot size
    25.67 Acres

    Building Details

    Year built
    1929

    Source: Jon Roosen Agent Jon Roosen

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

    Overview

    Morristown Residential Development Land Opportunity

    This is a 26-acre residential development land opportunity located at 1770 Walters Dr, Morristown, TN 37814. The site is located within city limits and is zoned R-2 (Medium Density Residential), which allows for single-family, duplex, and triplex dwellings. The R-2 zoning supports approximately 8–9 units per acre for two- and three-family configurations, potentially yielding over 200 units with optimized planning. Preliminary concept plans have been drawn for 86 single-family homes. The property is suited for a residential subdivision, duplex community, or garden-style apartment development, with rezoning or special use permit approval. Public utilities are available nearby. The property is located near retailers and local amenities, with easy access to schools, shopping, and major corridors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.311042
    Latitude
    36.225062

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    FAQs

    What type of property is this?
    Land - 26-acre residential development land with high-density potential in Morristown, TN.
    Where is this land located?
    The property is located at 1770 Walters Dr Morristown, TN.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - 26± acres of residential development land within Morristown city limits; - Zoned R-2 allowing single-family, duplex, and triplex dwellings; - Potential for **200+ units** under current zoning with optimized planning
    (865) 202-6767
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    1770 Walters Dr Morristown, TN 37814
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    Morristown, TN 37814
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    Realmo Value Estimation

    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.

    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.

    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
    1770 Walters Dr Morristown, TN 37814
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