Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Prime Location Title is generated by Realmo AI

    1815 Country Club Dr, Morristown, TN 37814

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Wooded commercial property suitable for new business development.

    Type:Land
    Added:
    Mar 9, 2026
    Days on Market:
    75
    Last Refresh:
    Mar 16 at 12:53 pm

    Property Features for 1815 Country Club Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Shawn Wilmoth
    Shawn Wilmoth

    Listing agent Shawn Wilmoth License #354366

    Listing office United Real Estate Solutions Knoxville

    Listing date Mar 9, 2026

    Source Crexi

    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 United Real Estate Solutions Knoxville

    HighLights

    • Prime location in Morristown
    • Commercial property, ideal for various ventures
    • Wooded land offering a serene backdrop
    • Perfect for a new business seeking a prominent spot

    Overview

    This commercial property is a wooded land parcel situated in a prime area of Morristown. The land is suitable for establishing a new business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.31532
    Latitude
    36.208804

    Nearby Similar for Sale

    • $550,000
      2,608 SF

      Morristown Commercial Property For Sale

      Versatile commercial property with high visibility and road frontage.
      2024 E Andrew Johnson Highway, Morristown, TN 37814
      View Details
    • $949,000
      3,000 SF

      Morristown Commercial Property For Sale

      3000 sq ft commercial building in a bustling business district.
      3351 W Andrew Johnson Highway, Morristown, TN 37814
      View Details
    • $949,000
      18,972 SF

      Light Manufacturing/Industrial Property For Sale

      3.23 acres, two warehouses, office space, ample parking.
      1132 Davis Street, Morristown, TN 37814
      View Details
    • $1,595,000
      20,767 SF

      Modern Storage Facility on 6.5 Acres

      Income-producing, climate-controlled storage facility with expansion potential in Morristown, TN.
      3815 W Andrew Johnson Highway, Morristown, TN 37814
      View Details
    • $379,900
      1,740 SF

      Morristown Office Building For Sale

      Office building in West Morristown, currently leased, excellent investment.
      442 E Economy Road, Morristown, TN 37814
      View Details
    • $485,000

      Unrestricted Land in Prime Location

      17+/- acres with unrestricted use, ideal for various opportunities.
      4343 Maple Valley Road, Morristown, TN 37813
      View Details
    • $629,900

      Cherokee Lake Waterfront Land

      1.5-acre waterfront property on Cherokee Lake in Timbercrest Subdivision.
      3753 Lake Point Drive, Morristown, TN 37814
      View Details
    • $319,000

      Updated Duplex Investment Opportunity

      Well-maintained duplex with updates, income potential, and convenient location.
      114 Sequoyah Drive, Morristown, TN 37813
      View Details
    • $629,900

      Cherokee Lake Waterfront Land

      1.5-acre waterfront property on Cherokee Lake with 285ft shoreline.
      3753 Lake Point Drive, Morristown, TN 37814
      View Details
    • $150,000

      Windswept Community Homesite with Utilities

      1.28 acre homesite with lake and mountain views.
      2444 Starboard Crest Road, Morristown, TN 37814
      View Details
    • $100,000

      Land with Creek in Morristown

      3.4-acre tract with creek, utilities, and building sites.
      2636 Shields Ferry Rd, Morristown, TN 37814
      View Details
    • $249,000
      756 SF

      Renovated Commercial Property with Income

      Fully renovated commercial property with C-1 zoning and income potential.
      3795 W Andrew Johnson Highway, Morristown, TN 37814
      View Details

    FAQs

    What type of property is this?
    Commercial land - Wooded commercial property suitable for new business development.
    Where is this commercial land located?
    The property is located at 1815 Country Club Dr Morristown, TN.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Prime location in Morristown; Commercial property, ideal for various ventures; Wooded land offering a serene backdrop
    (865) 205-9353 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shawn Wilmoth
    Shawn Wilmoth
    Real Estate License ID: 354366
    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
    1815 Country Club Dr, Morristown, TN 37814
    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!