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

    2 Watson Loop, Pikeville, TN 37367

    View on Map
    Claim this Listing
    For Sale
    $70,000

    Unrestricted land featuring fencing and pond access.

    Type:Land / Unimproved Land
    Property size:
    281,833 SF
    Lot size:
    6.47 Acres
    Price / SF:
    $0.25/SF
    Added:
    Feb 4, 2025
    Days on Market:
    483
    Last Refresh:
    May 13 at 10:21 pm

    Property Features for 2 Watson Loop

    General Information

    Standard status
    Active
    Size
    281,833 SF
    Lot size
    6.47 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Belinda Thomas
    Belinda Thomas

    Listing agent Belinda Thomas License #350756

    Listing office Crye-Leike Brown 1st Choice Realty & Auction

    Listing date Feb 4, 2025

    Source Compass

    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 Crye-Leike Brown 1st Choice Realty & Auction

    HighLights

    • Unrestricted land offering flexibility for various uses.
    • Includes existing fencing, facilitating a quick start for a mini‑farm.
    • Incorporates a portion of a pond, providing a water source.
    • Ready to be developed according to the buyer's vision.
    • Suitable for agricultural or recreational purposes.
    • Potential for animal husbandry due to available water and fencing.

    Overview

    This unrestricted land offers potential for various uses. The property includes existing fencing, facilitating the establishment of a mini-farm. A portion of a pond is situated on the property, providing a water source. The total property size is 281833 square feet.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Hotel & Motel Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Pikeville
    County
    Bledsoe
    State
    Tennessee
    Longitude
    -85.277342
    Latitude
    35.647964

    Nearby Similar for Sale

    • $999,999

      Cleared Land in High-Growth Corridor

      5.83-acre lot in a high-traffic, high-growth area.
      US127 Bypass, Pikeville, TN 37367
      View Details
    • $850,000

      Riverfront Mountainside Land For Sale

      146 acres of riverfront property bordering Tennessee's Cumberland Trail State Park.
      8450 Old Highway 28, Pikeville, TN 37367
      View Details
    • $590,000
      6,000 SF

      Pikeville Mixed-Use Investment Opportunity

      Multi-use property with retail, residential, and garage income potential.
      3251 Main St, Pikeville, TN 37367
      View Details
    • $399,900

      Pikeville, TN Land For Sale

      50 acres of pasture and timber near Pikeville, Tennessee.
      Clayton Angel Road, Pikeville, TN 37367
      View Details
    • $999,999

      Pikeville TN Cleared 5.83 Acres

      Cleared 5.83-acre lot in high-growth area with utilities.
      US-127, Pikeville, TN 37367
      View Details
    • $499,000

      Pikeville, TN Nature Park Land

      Unique 100-acre nature park opportunity near downtown Pikeville, TN.
      Rockfort Road - 100 Acres, Pikeville, TN 37367
      View Details
    • $499,000

      Pikeville, TN Nature Park Land

      Unique 100-acre nature park opportunity near downtown Pikeville, TN.
      Old Spencer Road - 100 Acres, Pikeville, TN 37367
      View Details
    • $75,000

      Pikeville TN Land with View

      2.78 acres with views in Cumberland Overlook community.
      Gray Rock View lot: 46A, Pikeville, TN 37367
      View Details
    • $39,900

      Pikeville, TN 1.17 Acre Lot

      1.17 acre lot in welcoming community near Fall Creek Falls.
      0 Gray Rock View, Pikeville, TN 37367
      View Details
    • $77,000

      Pikeville Land with Valley Views

      2.25-acre wooded homesite with stunning Sequatchie Valley views.
      47A Gray Rock View lot: 47A,B, Pikeville, TN 37367
      View Details
    • $251,000

      Pikeville Land with Mountain Views

      12.57-acre tract with mountain views and year-round creek.
      012 Upper East Valley, Pikeville, TN 37367
      View Details
    • $850,000

      Tennessee Riverfront Mountain Retreat

      146 acres of riverfront property bordering Tennessee's Cumberland Trail State Park.
      8450 Old Highway 28, Pikeville, TN 37367
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted land featuring fencing and pond access.
    Where is this land located?
    The property is located at 2 Watson Loop Pikeville, 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: Unrestricted land offering flexibility for various uses.; Includes existing fencing, facilitating a quick start for a mini‑farm.; Incorporates a portion of a pond, providing a water source.
    (931) 287-4069
    We can help!
    Listing Contact
    Belinda Thomas
    Belinda Thomas
    Real Estate License ID: 350756
    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
    2 Watson Loop, Pikeville, TN 37367
    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!