Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    262 E Oak Drive, Buchanan, TN 38222

    View on Map
    Claim this Listing
    Picture of Land at 262 E Oak Drive, Buchanan, TN
    For Sale
    $59,000

    Vacant Land - Buchanan, TN

    Added:
    May 26, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 262 E Oak Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    004k C 031.00, 31.01

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    90

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Randy Stamps

    Listing agent Randy Stamps

    Listing office Lake Realty, LLC 6471 E. Antioch Road, Buchanan, TN

    Listing date May 26, 2026

    MLS# 11801240 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Property Profile Location Intelligence

    Current Use by Public Records

    Mom's Baskets Garden Center

    Suggested Use

    Pharmacy Hotel & Motel Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Buchanan
    County
    Henry
    State
    Tennessee
    Longitude
    -88.07181
    Latitude
    36.48998

    Nearby Similar for Sale

    • $1,600,000

      Turnkey RV Park Investment Opportunity

      Established RV park near Kentucky Lake with income and expansion potential.
      226 Swan Bay Drive, Buchanan, TN 38222
      View Details
    • $925,000
      2,508 SF

      Park-Like Setting Near Kentucky Lake

      14-acre sportsman's paradise with custom home, guest house, pool.
      11957 HWY 79 N, BUCHANAN, TN 38222
      View Details
    • $475,000
      1,600 SF

      Commercial Land with Building, Buchanan

      6+ acres with building near Paris Landing State Park.
      11631 HWY 79 N, BUCHANAN, TN 38222
      View Details
    • $1,250,000
      12,000 SF

      Versatile Buchanan Commercial Property For Sale

      Commercial property with multiple revenue streams near Kentucky Lake.
      15575 HWY 79N, BUCHANAN, TN 38222
      View Details
    • $149,900

      Residential Lot Near Kentucky Lake

      Build-ready lot near Paris Landing, close to Kentucky Lake.
      730 Swan Bay Road, BUCHANAN, TN 38222
      View Details
    • $325,000

      Land Near Paris Landing Park

      6 acres near Paris Landing State Park & Kentucky Lake.
      HWY 79 N, BUCHANAN, TN 38222
      View Details
    • $156,500

      Residential Land in Buchanan, TN

      0.62 acres in Kentucky Lake's Cobanna Estates.
      Cypress Rd, BUCHANAN, TN 38222
      View Details
    • $175,000

      Land Near Paris Landing Park

      5.224 acre lot near Paris Landing State Park.
      HWY 79 N, BUCHANAN, TN 38222
      View Details
    • $175,900

      Land Near Paris Landing Park

      5.6 acre lot near Paris Landing State Park.
      HWY 79 N, BUCHANAN, TN 38222
      View Details
    • $550,000
      2,000 SF

      Established Restaurant with Outdoor Seating

      Turn-key restaurant near Paris Landing State Park with real estate.
      125 Cypress Rd, Buchanan, TN, 38222-4234
      View Details
    • $245,000

      35 Acres Hunting Land in Tennessee

      35 acres of premium hunting land near Kentucky Lake.
      Swor Still Rd, BUCHANAN, TN 38222
      View Details
    • $299,900

      Land in Buchanan, Tennessee

      4.4 acre commercial or residential land near lake area.
      Tract #2 Tate Drive, BUCHANAN, TN 38222
      View Details

    FAQs

    Where is this land located?
    The property is located at 262 E Oak Drive Buchanan, TN.
    What is the asking price?
    The asking price for this property is $59,000.
    (731) 642-1399
    We can help!
    Listing Contact
    Randy Stamps
    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
    262 E. Oak Drive, Buchanan, TN 38222
    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!