Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    374 Walking Horse Tr Rockwood, TN 37854

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $41,200

    Land available near Roane County Park in Rockwood, Tennessee.

    Type:Land
    Added:
    Jan 30, 2025
    Days on Market:
    449
    Last Refresh:
    Mar 24 at 1:15 am

    Property Features for 374 Walking Horse Tr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Amber Nestor
    Amber Nestor

    Listing agent Amber Nestor

    Listing office Trillium Cascade LLC

    Listing date Jan 30, 2025

    Source Evrealestate

    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 Trillium Cascade LLC

    Overview

    Land in Rockwood, Tennessee

    The property is located near Roane County Park at 3515 Roane State Hwy, Harriman, TN 37748. To reach the destination from the park, head northeast toward US-70 W for 397 ft, then turn right onto US-70 E for 249 ft. Turn right onto Caney Creek Rd and continue for 4.2 miles, then turn left onto New Hope Rd for 2.0 miles. Finally, turn right onto Walking Horse Trail. The destination, 374 Walking Horse Trail, Rockwood, TN 37854, will be on the left. The property is located in Roane County.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Rockwood
    County
    Roane
    State
    Tennessee
    Longitude
    -84.63225
    Latitude
    35.798255

    Nearby Similar for Sale

    • $325,000

      Waterfront Lot in Gated Community

      Almost an acre waterfront lot with permitted two-level dock.
      E Shore Drive lot: 39, Rockwood, TN 37854
      View Details
    • $325,000

      Lakefront Lot in Gated Community

      0.74-acre lakefront lot in Grande Vista Bay, Rockwood, TN.
      E Shore Drive lot: 170, Rockwood, TN 37854
      View Details
    • $315,000

      Lakefront Lot in Gated Community

      Lakefront lot with deep water access and community amenities.
      E Shore Drive, Rockwood, TN 37854
      View Details
    • $100,000

      Rockwood, TN Land Opportunity

      5-acre tract for peaceful country living with convenient access.
      Smith Mountain Rd lot: 4, Rockwood, TN 37854
      View Details
    • $395,000

      Lakefront Homesite in Gated Community

      2.15-acre lakefront homesite with dockable shoreline in Rockwood, TN.
      E Shore Drive lot: 123, Rockwood, TN 37854
      View Details
    • $53,000

      Large Vacant Land with Lake Views

      4.85 acre vacant land with lake and mountain views.
      228 Crystal Springs Rd, Rockwood, TN 37854
      View Details
    • $98,700

      Land in Rockwood, Tennessee

      4.24-acre tract perfect for a private retreat or residence.
      16305 E Highway 70, Rockwood, TN 37854
      View Details
    • $100,000

      Rockwood, TN - 5 Acre Tract

      5-acre tract in Rockwood, TN, ideal for country living.
      Smith Mountain Rd lot: 5, Rockwood, TN 37854
      View Details
    • $445,000

      25 Acres Development Opportunity

      25.14 acre property in downtown Rockwood, Tennessee.
      Clymersville Rd, Rockwood, TN 37854
      View Details
    • $100,000

      Rockwood, TN 5-Acre Land

      5-acre tract in Rockwood, TN, ideal for country living.
      Smith Mountain Rd lot: 6, Rockwood, TN 37854
      View Details
    • $100,000

      Rockwood, TN Land Opportunity

      5-acre tract for peaceful country living near I-40.
      Smith Mountain Rd lot: 6, Rockwood, TN 37854
      View Details
    • $100,000

      5-Acre Tract in Rockwood, TN

      5 acres of land for peaceful country living near I-40.
      Smith Mountain Rd lot: 5, Rockwood, TN 37854
      View Details

    FAQs

    What type of property is this?
    Land - Land available near Roane County Park in Rockwood, Tennessee.
    Where is this land located?
    The property is located at 374 Walking Horse Tr Rockwood, TN.
    What is the asking price?
    The asking price for this property is $41,200.
    What are key features of this property?
    This property features: Located in Roane County.; Enjoy the view of trees/woods.; Property address is 374 Walking Horse Trail, Rockwood, TN 37854.
    (865) 617-4783
    We can help!
    Listing Contact
    Amber Nestor
    Amber Nestor
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!