Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ready-to-Build Waterfront Lot Title is generated by Realmo AI

    6322 Coves Edge Trail, Russellville, TN 37860

    View on Map
    Claim this Listing
    For Sale
    $92,500

    LAND - Russellville, TN

    Lot size:
    0.65 Acres
    Added:
    May 27, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 6322 Coves Edge Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    011D A 06900 000
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    376

    We can help!

    Listing Contact
    Nichole Raimondi

    Listing agent Nichole Raimondi License #361795

    Listing office Crye-Leike Premier Real Estate LLC 365 E Economy Rd, Talbott, TN

    Listing date May 27, 2026

    MLS# 711708 Listing URL

    Copyright © 2026 Lakeway Area 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

    • 0.65‑acre ready‑to‑build lot at 6322 Coves Edge Trail in Turner's Landing
    • Utilities are available at the road
    • Year‑round lake and mountain views
    • Private community amenities include a community boat ramp and community marina
    • Boat ramp is located across from the lot for easy everyday access
    • Marina includes a tram and newly renovated stairs

    Overview

    Build your next home on a ready-to-build waterfront lot in a private residential community, designed to capture year-round lake and mountain views. Utilities are available at the road, making it straightforward to plan for construction once you’re ready. The community setting also supports an active, water-adjacent lifestyle through shared boating facilities.

    The lot is part of Turner's Landing, which offers a community boat ramp and marina amenities. The boat ramp is located across from the lot, intended to provide easy everyday access. The marina includes a tram service between the parking area and the marina, and the stairs have been freshly renovated, supporting comfortable movement between key areas.

    For buyers seeking a quieter, view-oriented place to build, this parcel offers the basics needed to get started while pairing natural scenery with community waterfront conveniences. It’s well suited for owner-users who want to design a primary residence around the lifestyle benefits of a lake community, or for investors looking to acquire a residential building site where views and marina access are key selling points. Buyer and buyer’s agent should verify all information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Russellville
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.204524
    Latitude
    36.2934

    Nearby Similar for Sale

    • $274,900

      Rolling Farmland Near Cherokee Lake

      22+ acres of rolling East Tennessee farmland near Cherokee Lake.
      Anderson Bend Road, Russellville, TN 37860
      View Details
    • $39,000

      Residential Land in Lake Community

      1.16-acre lot in Russellville, TN, ideal for building.
      1990 Turners Landing Road, Russellville, TN 37860
      View Details
    • $108,900

      Lakefront Land in Russellville, TN

      1.32-acre lakefront lot with mountain views, dock potential.
      6300 Coves Edge Trail, Russellville, TN 37860
      View Details
    • $108,900

      Cherokee Lake Waterfront Land

      1.32-acre waterfront lot with lake and mountain views.
      6300 Coves Edge Tr, Russellville, TN 37860
      View Details
    • $45,000

      Residential Land in Turners Landing

      1.6-acre building lot in lakefront community with utilities.
      1983 Turners Landing Road, Russellville, TN 37860
      View Details
    • $99,000

      Waterfront Land in Turners Landing

      Dockable 0.81-acre waterfront property with community amenities.
      6220-6224 Outlook Tr, Russellville, TN 37860
      View Details
    • $49,000

      Lakefront Lot in Russellville, TN

      0.56-acre lot in lakefront community with seasonal frontage.
      6238 Outlook Trail, Russellville, TN 37860
      View Details
    • $39,000

      Residential Land in Lake Community

      1.17-acre lot in a lake community near amenities.
      1998 Turner Landing Road, Russellville, TN 37860
      View Details
    • $38,000

      Wooded Lot in Lake Community

      1.5+ acre wooded lot with lake access and marina.
      2028 Turners Landing Road, Russellville, TN 37860
      View Details
    • $85,000

      Lakefront Lot with Deeded Boat

      Lakefront lot with deeded boat slip on Cherokee Lake.
      2076 Turners Landing Rd, Russellville, TN 37860
      View Details
    • $95,000

      Cherokee Lake Waterfront Land

      Lakeside property with 152 feet of shoreline on Cherokee Lake.
      2062 Turner Landing Road, Russellville, TN 37860
      View Details
    • $79,999

      Waterfront Lot on Cherokee Lake

      Dock-eligible waterfront lot on Cherokee Lake, utilities available.
      Lot 45 Turners Landing Rd, Russellville, TN 37860
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Residential waterfront lot in a private community with utilities at the road and year-round lake and mountain views.
    Where is this waterfront land located?
    The property is located at 6322 Coves Edge Trail Russellville, TN.
    What is the asking price?
    The asking price for this property is $92,500.
    What are key features of this property?
    This property features: 0.65‑acre ready‑to‑build lot at 6322 Coves Edge Trail in Turner's Landing; Utilities are available at the road; Year‑round lake and mountain views
    (423) 258-5544
    We can help!
    Listing Contact
    Nichole Raimondi
    Real Estate License ID: 361795
    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
    6322 Coves Edge Trail, Russellville, TN 37860
    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!