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    Highway 11 S Riceville, TN 37370

    For Sale
    $255,000

    Multi-purpose land suitable for commercial or residential development.

    Lot size:
    4.83 Acres

    Property Features for Highway 11 S

    General Information

    Lot size
    4.83 Acres

    Source: Keller Williams Chattanooga - East BrainerdKeller Williams Chattanooga - East BrainerdKeller Williams Chattanooga - East Brainerd Agent Wendy MerrittWendy MerrittWendy Merritt

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

    Overview

    Highway Land with Development Potential

    This property consists of eight lots that can be used together or separately, offering multi-purpose land use possibilities. The lots have undergone and passed perc and soil tests, with approvals secured for septic tanks. A survey is available on file. Situated on a highway, the location is suitable for commercial buildings such as warehouses or storage units. Alternatively, the land can accommodate the construction of eight houses or a trailer park. A creek runs along the back side of the property, accessible from the county road. The property benefits from access via two roads.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Riceville
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.659485
    Latitude
    35.420259

    FAQs

    What type of property is this?
    Land - Multi-purpose land suitable for commercial or residential development.
    Where is this land located?
    The property is located at Highway 11 S Riceville, TN.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: - 8 Lots with Multi-Purpose Land Use Potential; - Approved Perc and Soil Tests for Septic Tanks; - Highway Frontage Suitable for Commercial Development (Warehouse, Storage Units)
    Request Owner's contact information
    Highway 11 S Riceville, TN 37370
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    Highway 11 S
    Riceville, TN 37370
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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
    Highway 11 S Riceville, TN 37370
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