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    Lakemoor Hills Waterfront Homesite Title is generated by Realmo AI

    2101 Woodmere Lane, Knoxville, TN 37920

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    For Sale
    $799,900

    Rare 0.83-acre lot with lake views in Lakemoor Hills.

    Type:Lots/Land
    Lot size:
    0.83 Acres
    Added:
    Apr 4, 2025
    Days on Market:
    426
    Last Refresh:
    May 28 at 9:10 am

    Property Features for 2101 Woodmere Lane

    General Information

    Standard status
    Active
    Lot size
    0.83 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Kara Edenfield

    Listing agent Kara Edenfield License #281988

    Listing office Keller Williams Signature

    Listing date Apr 4, 2025

    Source Exitrealty

    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 Keller Williams Signature

    HighLights

    • Rare 0.83‑acre lakefront lot in prestigious Lakemoor Hills.
    • Breathtaking, unobstructed panoramic views of the lake, Sequoyah Hills Park, and mountains.
    • Gentle terrain with mature trees providing natural privacy.
    • Dock permit on file and convenient access to a shoreline walking path.
    • Cleared building site ready for construction of a dream waterfront residence.
    • Proximity to neighborhood amenities including parks, walking trails, and sports courts.

    Overview

    This 0.83-acre lakefront property is located in the Lakemoor Hills community. The lot offers unobstructed views across the water to Sequoyah Hills Park and the mountains. The terrain is gentle, and mature trees provide natural privacy while preserving the lake vistas. The property is situated on a private cul-de-sac and is suitable for building a waterfront residence. A walking path follows the shoreline, providing access to lakeside living and downtown amenities. A dock permit is on file. The location combines nature with a sought-after neighborhood. The cleared building site is ready for development, offering waterfront access, privacy, and panoramic views. Lakemoor Hills is located across the river from Sequoyah Hills. The nearby Lake Hills Presbyterian Church offers a walking trail and basketball and tennis courts. Maloney Park, a neighborhood park on the lake, features a boat ramp, playground, picnic pavilion, and a walking trail. Lakemoor Legacy Park and Garden, established in 2017 on Circle Lake, is a certified wildlife habitat and a rain garden demonstration project. There are plans for the greenway to be constructed and expanded to connect Maloney Rd Park to I.C. King Park, crossing the UT Farms property, allowing Lakemoor Hills residents to walk or bike to two county parks. An adjoining lot at 3516 Blow Drive is also available.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.976528
    Latitude
    35.926063

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    FAQs

    What type of property is this?
    Waterfront Land - Rare 0.83-acre lot with lake views in Lakemoor Hills.
    Where is this waterfront land located?
    The property is located at 2101 Woodmere Lane Knoxville, TN.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: Rare 0.83‑acre lakefront lot in prestigious Lakemoor Hills.; **Breathtaking, unobstructed panoramic views** of the lake, Sequoyah Hills Park, and mountains.; Gentle terrain with mature trees providing natural privacy.
    (865) 256-1430
    We can help!
    Listing Contact
    Kara Edenfield
    Real Estate License ID: 281988
    Learn More
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    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.

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