Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Apollo Shores Land Opportunity Title is generated by Realmo AI

    190 Fawnwood Drive, Spring City, TN 37381

    View on Map
    Claim this Listing
    New
    For Sale
    $45,000

    LAND - Spring City, TN

    Type:Single Family Residence
    Lot size:
    0.64 Acres
    Added:
    May 20, 2026
    Days on Market:
    3
    Last Refresh:
    May 22 at 8:06 pm

    Property Features for 190 Fawnwood Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    019b E 024.0, 025.0, 023.01
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Annual Amount
    48

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Susan Crockett
    Susan Crockett

    Listing agent Susan Crockett License #278525

    Listing office Blue Key Properties, LLC - Spring City 22002 Rhea Co Hwy, Cleveland, TN

    Listing date May 20, 2026

    MLS# 20262643 Listing URL

    Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over half an acre of land comprised of 5 combined lots, offering privacy and space.
    • Includes a pre‑existing driveway and 1‑bedroom septic system, simplifying the building process.
    • Access to a community park with lake access, boat ramp, dock, and picnic pavilion.
    • Peaceful, wooded setting within the Apollo Shores lake community.
    • Conveniently located near marinas and waterfront resorts for dining and recreation.
    • Opportunity to build a dream lake getaway or full‑time residence.

    Overview

    This property offers an opportunity to build a home in the Apollo Shores lake community. The site consists of five combined lots, totaling over half an acre. The land provides privacy within a wooded environment. A driveway and a 1-bedroom septic system are already in place. Residents have access to a community park that includes lake access, a picnic pavilion, a boat ramp, and a dock. These amenities support activities such as fishing, boating, and gatherings. The location is near marinas and waterfront resorts offering dining and recreation. The combined lots are 399, 400, 401, 402 and 403. Some lots have been combined.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring City
    County
    Rhea
    State
    Tennessee
    Longitude
    -84.75071
    Latitude
    35.746319

    Nearby Similar for Sale

    • $250,000
      1,188 SF

      Spring City Commercial Opportunity

      Commercial property with office space and a two-bay garage.
      21980 Rhea County Highway, Spring City, TN 37381
      View Details
    • $316,000
      3,280 SF

      Spring City Multi-Family Opportunity

      Three homes on 1.49 acres in Spring City, TN.
      164 Glenn Ln, Spring City, TN 37381
      View Details
    • $650,000
      3,000 SF

      Turnkey Physical Therapy Office Building

      3,000 SF physical therapy office ready for immediate operation.
      25902 Rhea County Highway, Spring City, TN 37381
      View Details
    • $72,000

      Unrestricted Land Near Watts Bar

      5.47 acres of unrestricted, build-ready land in Spring City, TN.
      285 Raeanne Drive, Spring City, TN 37381
      View Details
    • $175,000
      2,385 SF

      Spring City Commercial Opportunity

      Commercial establishment ready for immediate operation in Spring City.
      427 Mars Hill, Spring City, TN 37381
      View Details
    • $40,000

      Residential Lot in Gated Subdivision

      Nearly one-acre lot with underground utilities in a gated community.
      Rhea Springs Rd lot: 21, Spring City, TN 37381
      View Details
    • $425,000
      4,520 SF

      Versatile Multi-Unit Property in Tennessee

      Three separate units on 1.5 acres near Spring City.
      197 Wedgewood Lane, Spring City, TN 37381
      View Details
    • $69,500

      Unrestricted Land Near Stinging Fork

      9.5 unrestricted acres near Stinging Fork Falls trailhead.
      W Log Road W lot: 69, Spring City, TN 37381
      View Details
    • $300,000

      Waterfront Land with Sandy Beach

      Waterfront lots with sandy beach and lake access.
      Lakewood Village Road, Spring City, TN 37381
      View Details
    • $49,500

      Unrestricted Land with Mountain Views

      7.4 acres of unrestricted land in the Tennessee mountains.
      Dunlukin Drive lot: 8A/8B, Spring City, TN 37381
      View Details
    • $75,000

      Spring City Land with Views

      5.05 acre tract near Watts Bar Lake.
      Ware Farms Road, Spring City, TN 37381
      View Details
    • $119,000

      Spring City Land with Utilities

      5.1 acres in Spring City with existing utilities.
      2990 Wassom Memorial Highway, Spring City, TN 37381
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in lake community with utilities and lake access.
    Where is this residential land & home lot located?
    The property is located at 190 Fawnwood Drive Spring City, TN.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Over half an acre of land comprised of 5 combined lots, offering privacy and space.; Includes a pre‑existing driveway and 1‑bedroom septic system, simplifying the building process.; Access to a community park with lake access, boat ramp, dock, and picnic pavilion.
    (423) 802-7515
    We can help!
    Listing Contact
    Susan Crockett
    Susan Crockett
    Real Estate License ID: 278525
    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
    190 Fawnwood Drive, Spring City, TN 37381
    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!