Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tennessee River Estate Ready to Build Title is generated by Realmo AI

    3202 Lego School Rd, Linden, TN 37096

    View on Map
    Claim this Listing
    For Sale
    $249,999

    LAND - LINDEN, TN

    Lot size:
    26.04 Acres
    Added:
    Aug 29, 2025
    Days on Market:
    276
    Last Refresh:
    May 31 at 9:06 am

    Property Features for 3202 Lego School Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Ag
    Standard status
    Active
    APN
    119 019.00
    Lot size
    26.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    56

    Utilities

    Heating system
    Electric (Heating)

    We can help!

    Listing Contact
    Jason Galaz
    Jason Galaz

    Listing agent Jason Galaz License #344914

    Listing office EXP Realty, LLC 3401 Mallory Lane #100, Franklin, TN

    Listing date Aug 29, 2025

    MLS# 134675 Listing URL

    Copyright © 2026 Tennessee Valley 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

    • 26.4‑acre Tennessee River estate with protected river views.
    • Build‑ready: Over $130,000 in completed site infrastructure, including city water, electric, and fiber internet.
    • Prior septic approval permit ready to renew.
    • 1,290 feet of paved road frontage and a private gravel road.
    • Storage building already on the property.
    • Suitable for various uses.

    Overview

    This 26.4-acre Tennessee River estate is located in Perry County. The property is build-ready, with over $130,000 in completed site infrastructure. City water is active, electric is installed, and fiber internet is available. The prior septic approval permit is ready to renew. The county road runs the full length of the parcel boundary with 1,290 feet of paved frontage, and a private gravel road leads directly to the homesite. A storage building is already on the property and ready to use. Adjacent conservation land permanently protects the river views. The property is suited for a custom home, barndominium, STR or Airbnb cabin, glamping operation, or working homestead. Annual taxes are approximately $56. It is located 90 minutes from Nashville.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Linden
    County
    Perry
    State
    Tennessee
    Longitude
    -87.96373
    Latitude
    35.50061

    Nearby Similar for Sale

    • $629,900

      90 Acres of Tennessee Land

      Prime Tennessee land ideal for hunting, homesteading, and off-grid living.
      6704 Rockhouse Road, Linden, TN 37096
      View Details
    • $189,900

      Linden, TN Vacant Land

      32.70-acre tract with creek, waterfall, and hardwoods.
      0 Hurricane Creek Road Lot 1, Linden, TN 37096
      View Details
    • $280,000

      Tennessee Riverfront Land Opportunity

      7.04 acres of unrestricted riverfront land on the Tennessee River.
      TOMS CREEK Rd, Linden, TN 37096
      View Details
    • $563,720

      Tennessee Wilderness Estate with Bluff-Top Views

      140.93 acres of Tennessee wilderness with conservation easement and utilities.
      555 New Era Bluff Road, Linden, TN 37096
      View Details
    • $249,999

      Tennessee River Estate Land

      Build-ready land with utilities and river views in Linden, TN.
      3202 Old Lego School Road, Linden, TN 37096
      View Details
    • $165,000

      Linden TN Wooded Hunting Land

      34.15 acre wooded parcel perfect for hunting and recreation.
      TN-13, Linden, TN 37096
      View Details
    • $289,000

      Secluded Wooded Acreage in Linden

      64.3-acre wooded parcel perfect for hunting and recreation.
      Woods Fork Road, Linden, TN 37096
      View Details
    • $20,650

      Land Tract For Sale

      Land tract available on Wyatt Lane, Linden, Tennessee.
      117 Wyatt Ln, Linden, TN 37096
      View Details
    • $100,000

      Scenic Riverfront RV Lot

      2.09-acre RV lot on the Buffalo River.
      US-412, Linden, TN 37096
      View Details
    • $699,000

      Timberland Retreat with Buffalo River Views

      112-acre timberland with cabin, shop, and river views.
      2383 Airport Ridge Road, Linden, TN 37096
      View Details
    • $50,000

      Scenic Riverfront RV Lot

      RV lot on the bank of the Buffalo River.
      Campers Lane lot: 34, Linden, TN 37096
      View Details
    • $20,000

      RV Lot Near Buffalo River

      RV lot near the Buffalo River, walking distance to Linden.
      Campers Lane lot: 9, Linden, TN 37096
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 26.4-acre Tennessee River estate in Perry County.
    Where is this residential land & home lot located?
    The property is located at 3202 Lego School Rd Linden, TN.
    What is the asking price?
    The asking price for this property is $249,999.
    What are key features of this property?
    This property features: 26.4‑acre Tennessee River estate with protected river views.; Build‑ready: Over $130,000 in completed site infrastructure, including city water, electric, and fiber internet.; Prior septic approval permit ready to renew.
    (615) 410-6393
    We can help!
    Listing Contact
    Jason Galaz
    Jason Galaz
    Real Estate License ID: 344914
    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
    3202 Lego School Rd, LINDEN, TN 37096
    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!