Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1192 Shellotte Loop Pall Mall, TN 38577

    View on Map
    Claim this Listing
    For Sale
    $169,000

    LAND - Pall Mall, TN

    Lot size:
    18.37 Acres
    Added:
    Sep 11, 2025
    Days on Market:
    240
    Last Refresh:
    May 8 at 4:06 am

    Property Features for 1192 Shellotte Loop

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    002 002.12
    Lot size
    18.37 Acres

    Taxes and HOA fees

    Tax Annual Amount
    271

    We can help!

    Listing Contact
    Steven J. Diskin

    Listing agent Steven J. Diskin

    Listing office Burks Diskin Real Estate 6842 S York Hwy, Jamestown, TN

    Listing date Sep 11, 2025

    MLS# 1315126 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.

    HighLights

    • 18.37 acres of land with multiple flat building sites
    • Power and water are already on the site
    • Permitted 1‑bedroom septic system is already installed
    • Carport (22 x 24 & 11 feet tall) and storage container (20 x 8 x 10 feet) included
    • ATV trails throughout the property
    • Abundance of wild game for hunting

    Overview

    Pall Mall Land with Utilities

    Located in Pall Mall, this 18.37-acre parcel features mostly trees and rolling typography, with several possible flat building sites. Power and water are already on the site. A carport measures 22 x 24 feet with a height of 11 feet. A storage container is 20 feet long, 8 feet wide, and 10 feet tall. The property includes a permitted 1-bedroom septic system. ATV trails are cut throughout the property. The area is known for its historic sites, including the Wolf River, and an abundance of wild game for hunting is present on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pall Mall
    County
    Fentress
    State
    Tennessee
    Longitude
    -84.983108
    Latitude
    36.563022

    Nearby Similar for Sale

    • $549,000

      72.86 Acres in Pall Mall

      72.86 acres with pasture, woods, and highway frontage.
      N York Hwy, Pall Mall, TN 38577
      View Details
    • $340,000

      Tennessee Land on North York

      32.5 acres of Tennessee land ready for your vision.
      4934 N York Hwy, Pall Mall, TN 38577
      View Details
    • $360,000

      Pall Mall Hunter's Retreat

      20-acre hunter's retreat in Pall Mall, Tennessee.
      Stewart Lane S/O, Pall Mall, TN 38577
      View Details
    • $199,000

      Pall Mall Acreage For Sale

      26.5 acres of land in Pall Mall, Tennessee.
      Shellotte Loop, Pall Mall, TN 38577
      View Details
    • $549,000

      72.86 Acres in Pall Mall

      72.86 acres with pasture and wooded hillside.
      N York Hwy, Pall Mall, TN 38577
      View Details
    • $56,000

      Wooded Land in Pall Mall, TN

      3-acre wooded retreat in Pall Mall, Tennessee with utilities.
      Delk Creek Rd, Pall Mall, TN 38577
      View Details
    • $195,000

      Pall Mall Land For Sale

      72.27 acres near Dale Hollow Lake and Alvin C York State Park.
      3044 Caney Creek Rd, Pall Mall, TN 38577
      View Details
    • $169,000

      Pall Mall Land For Sale

      18.37 acre land parcel with utilities in Pall Mall.
      1192 Shellotte Loop, Pall Mall, TN 38577
      View Details
    • $56,000

      Wooded 3-Acre Pall Mall Land

      Secluded 3-acre wooded land with utilities in Pall Mall, TN.
      Delk Creek Rd, Pall Mall, TN 38577
      View Details
    • $1,000,000

      Pall Mall Farm Estate Auction

      118-acre farm offered in tracts via online auction.
      0 Hwy 127/ Cooney Lee Rd./ Flowers Ln., Pall Mall, TN 38573
      View Details
    • $360,000

      Pall Mall Hunter's Retreat

      20-acre hunter's retreat in Pall Mall, Tennessee with utilities.
      Stewart Lane S/O, Pall Mall, TN 38577
      View Details
    • $45,000

      Pall Mall Vacant Land Auction

      1.68+/- acres of vacant land with barn.
      5 Hwy 127/ Cooney Lee Rd./ Flowers Ln., Pall Mall, TN 38577
      View Details

    FAQs

    What type of property is this?
    Land - 18.37 acres in Pall Mall with utilities and carport.
    Where is this land located?
    The property is located at 1192 Shellotte Loop Pall Mall, TN.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: 18.37 acres of land with multiple flat building sites; Power and water are already on the site; Permitted 1‑bedroom septic system is already installed
    (931) 644-1551
    We can help!
    Listing Contact
    Steven J. Diskin
    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
    1192 Shellotte Loop, Pall Mall, TN 38577
    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!