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    Mountain View Land in Heartwood Title is generated by Realmo AI

    614 Tulip Poplar Trail, Butler, TN 37640

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    Claim this Listing
    For Sale
    $50,000

    LAND - Butler, TN

    Lot size:
    5.29 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    51
    Last Refresh:
    May 22 at 11:06 pm

    Property Features for 614 Tulip Poplar Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    residential
    Standard status
    Active
    APN
    069 018.04
    Lot size
    5.29 Acres

    Taxes and HOA fees

    Tax Annual Amount
    319

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Donaven Braun
    Donaven Braun

    Listing agent Donaven Braun License #345463

    Listing office Fathom Realty 3401 Mallory Lane Suite 100, TN

    Listing date Apr 2, 2026

    MLS# 9993245 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Breathtaking panoramic mountain views of the Blue Ridge / Roan Highlands, including Grassy Ridge Bald and Calloway Peak.
    • 5.29‑acre premium lot in exclusive gated Heartwood community with maintained private roads.
    • Cleared house site ready for immediate development, plus mature hardwoods for privacy.
    • High‑speed fiber internet capability and electricity available at the lot.
    • Short‑term rentals permitted, offering excellent investment potential for luxury vacation rental income.
    • Convenient access to Appalachian Trail, Beech Mountain skiing, Watauga Lake, and other recreational attractions.

    Overview

    This 5.29-acre mountain retreat is located in the gated Heartwood community. The property features panoramic mountain views from multiple elevations. A cleared house site is present on the lot, which has rolling topography. The elevation range is 320 feet. Mature hardwoods provide privacy. The views are dominated by the Blue Ridge / Roan Highlands to the south and southeast, with major peaks like Grassy Ridge Bald (6,165 ft) and Calloway Peak being prominent. The most distant visible summits are Calloway Peak and Raven Rocks at 16 miles away. Grassy Ridge Bald (12 miles, 6,165 ft) is the highest visible peak. Electricity is available at the lot, and high-speed fiber internet is accessible. The private maintained road system provides year-round access. Short-term rentals are permitted. It is located within an hour of the Appalachian Trail, Beech Mountain skiing, and multiple Watauga Lake boat ramps. Sugar Mountain skiing, Bristol Motor Speedway, and the Virginia Creeper Trail are within 90 minutes. The HOA maintains roads and common areas. Annual county taxes are $319, and HOA dues are $650 annually. The property is located in Butler, TN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Hotel & Motel Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Johnson
    State
    Tennessee
    Longitude
    -82.0015
    Latitude
    36.3143

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    FAQs

    What type of property is this?
    Residential land & home lot - 5.29-acre mountain retreat with panoramic views and development potential.
    Where is this residential land & home lot located?
    The property is located at 614 Tulip Poplar Trail Butler, TN.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Breathtaking panoramic mountain views of the Blue Ridge / Roan Highlands, including Grassy Ridge Bald and Calloway Peak.; 5.29‑acre premium lot in exclusive gated Heartwood community with maintained private roads.; Cleared house site ready for immediate development, plus mature hardwoods for privacy.
    (423) 525-9252
    We can help!
    Listing Contact
    Donaven Braun
    Donaven Braun
    Real Estate License ID: 345463
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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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