Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tennessee Mountain Retreat Land For Sale Title is generated by Realmo AI

    887 Mill Creek Road, Mountain City, TN 37683

    View on Map
    Claim this Listing
    For Sale
    $450,000

    44-acre vacant land with mountain views, creek, and utilities.

    Type:Lots/Land
    Lot size:
    44.00 Acres
    Added:
    Apr 16, 2025
    Days on Market:
    417
    Last Refresh:
    May 28 at 4:39 pm

    Property Features for 887 Mill Creek Road

    General Information

    Standard status
    Active
    Lot size
    44.00 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Alan Simpson
    Alan Simpson

    Listing agent Alan Simpson License #332628

    Listing office Century 21 Legacy - Greeneville

    Listing date Apr 16, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Legacy - Greeneville

    HighLights

    • Stunning 44‑acre property with 360‑degree views of the Appalachian Mountains.
    • Includes installed septic tank and well for immediate development potential.
    • Features a permanent metal building (large enough for two RVs) and several sheds.
    • Tranquil creek and 200 feet of road frontage provide easy access and natural beauty.
    • Multiple prime building sites with varying levels of seclusion.
    • Conveniently located near Watauga Lake, Appalachian Trail, and Mountain City.

    Overview

    This 44-acre vacant property in Johnson County, Tennessee, features rolling hills and 360-degree views of the Appalachian Mountains. The land includes a creek at the front and 200 feet of road frontage. Rising approximately 200 feet from the creek to its highest point, the property offers multiple building sites with varying levels of seclusion. An installed septic tank and well provide immediate development potential. A metal building, large enough to shelter two RVs, and several sheds will remain on the property. A secondary ingress/egress access point with a 15-foot right-of-way enhances accessibility. Located near Watauga Lake, the Appalachian Trail, and Mountain City, the property is close to outdoor activities and mountain communities.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Hotel & Motel Bakery Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain City
    County
    Johnson
    State
    Tennessee
    Longitude
    -81.851373
    Latitude
    36.37105

    Nearby Similar for Sale

    • $749,900
      2,000 SF

      Established Bar and Grill Business

      Operational bar and grill with indoor and outdoor seating.
      4020 Roan Creek Road, Mountain City, TN 37683
      View Details
    • $749,900
      1,500 SF

      Established Bar and Grill Venue

      Operational bar and grill with indoor and outdoor seating.
      4020 Roan Creek Road, Mountain City, TN 37683
      View Details
    • $749,900
      2,000 SF

      Established Bar and Grill

      Operational bar and grill with indoor and outdoor seating.
      4020 Roan Creek Rd #2, Mountain City, TN 37683
      View Details
    • $749,900
      2,000 SF

      Established Bar and Grill

      Turnkey bar and grill with indoor and outdoor seating.
      4020 Roan Creek Rd #1, Mountain City, TN 37683
      View Details
    • $850,000
      2,400 SF

      Restaurant Building in Mountain City

      Restaurant building with equipment included in Mountain City, Tennessee.
      693 S Shady Street, Mountain City, TN 37683
      View Details
    • $361,500

      26 Acres on South Shady

      Large tract with business and residential zoning.
      S Shady Street, Mountain City, TN 37683
      View Details
    • $600,000
      2,400 SF

      Restaurant Opportunity in Mountain City

      Restaurant building with equipment included in prime Mountain City location.
      693 S Shady Street, Mountain City, TN 37683
      View Details
    • $399,900
      3,024 SF

      Mountain City Office Building For Sale

      3,024 sqft office building in the heart of Mountain City.
      212 N Church Street, Mountain City, TN 37683
      View Details
    • $3,400,000
      55,000 SF

      Mountain City Industrial Opportunity

      Well-located industrial asset in Northeast Tennessee's established industrial park.
      241 Industrial Park Road, Mountain City, TN 37683
      View Details
    • $129,000
      2,100 SF

      Mountain City Commercial Opportunity

      Versatile commercial building suitable for various business uses.
      122 E Main Street, Mountain City, TN 37683
      View Details
    • $689,000
      600 SF

      28 Acres with Mountain Views

      28-acre property with mountain views, cabin, and income potential.
      Mountain City, TN 37683
      View Details
    • $325,000

      Mountain City Valley Acreage

      7.8 acres near Watauga Lake, perfect for recreation.
      835 Red Brush Road, Mountain City, TN 37683
      View Details

    FAQs

    What type of property is this?
    Land - 44-acre vacant land with mountain views, creek, and utilities.
    Where is this land located?
    The property is located at 887 Mill Creek Road Mountain City, TN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Stunning 44‑acre property with **360‑degree views of the Appalachian Mountains**.; Includes installed septic tank and well for immediate development potential.; Features a permanent metal building (large enough for two RVs) and several sheds.
    (423) 972-7892
    We can help!
    Listing Contact
    Alan Simpson
    Alan Simpson
    Real Estate License ID: 332628
    Learn More
    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
    887 Mill Creek Road, Mountain City, TN 37683
    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!