Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8.29 Ac Morgan Rd Greeneville, TN 37743

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8.29 Acres, High Visibility, Development Ready

    Property Features for 0 8.29 Ac Morgan Rd

    General Information

    Property type
    Land
    Lot Size
    361,112 SF

    We can help!

    Listing Contact
    Mark Williams
    Mark Williams

    Listing Agency: Quality Homes Network LLC dba CENTURY 21 Legacy Listing Agent: Mark Williams

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

    Learn more

    Overview

    This exceptional 8.29-acre commercial land parcel presents a unique investment opportunity in Greeneville, Tennessee. Ideally situated across from a Walmart, this property boasts high traffic counts and excellent visibility, ensuring maximum exposure for any development. The expansive lot offers numerous development options, catering to a wide range of commercial ventures. Convenient access is provided at the rear via Serral Drive, enhancing logistical efficiency. The property encompasses tax map 88, parcels 97.03, 71.10, 71.07, 71.06, 71.08, and 71.11. While a small floodplain area exists adjacent to a Cookout restaurant, the majority of the land is suitable for development. The asking price for this prime commercial land is $2,400,000. This strategic location and substantial acreage make this property an attractive proposition for investors seeking high-impact commercial development in a thriving area. The property is zoned for commercial use (verification recommended). Serious inquiries only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.8640623
    Latitude
    36.0941226

    Nearby Similar for Sale

    • $264,000
      2,400 SF

      Commercial Building in Greeneville, TN

      Commercial building with loading dock and spacious office space.
      1014 W Main St, Greeneville, TN 37743
      View Details
    • $264,000
      2,400 SF

      Commercial Building in Greeneville, Tennessee

      Commercial building with loading dock and spacious office space.
      1014 W Main St, Greeneville, TN 37743
      View Details
    • $229,000
      1,500 SF

      Greeneville Automotive Repair Shop For Sale

      Automotive repair shop on 0.33 acre lot near highway.
      1930 Snapps Ferry Rd, Greeneville, TN 37745
      View Details
    • $2,000,000
      Pending

      Downtown Greeneville Liquor Store Opportunity

      Established liquor store with high sales volume and expansion potential.
      200 W Summer St, Greeneville, TN 37743
      View Details
    • $849,900
      3,825 SF

      Retail/Office/Restaurant Opportunity in Greeneville

      Retail, restaurant, or office space in a prime location.
      914 Snapps Ferry Rd, Greeneville, TN 37745
      View Details
    • $498,000
      2,100 SF

      Turnkey Daycare Facility in Greeneville

      Fully equipped daycare center ready for immediate operation.
      208 Majestic Cir, Greeneville, TN 37743
      View Details
    • $499,900
      53.50 Acres

      Greeneville Farm with Open Pasture

      53.5-acre farm ideal for cattle, horses, and agricultural use.
      Hoover Rd, Greeneville, TN 37745
      View Details
    • $299,900
      3,259 SF

      Greeneville Commercial Property For Sale

      Commercial property in the heart of Greeneville, Tennessee.
      1606 Hannah St, Greeneville, TN 37745
      View Details
    • $170,000
      2,261 SF

      Restaurant Building on Corner Lot

      Restaurant with equipment included, located near downtown Greeneville.
      102 E Hardin St, Greeneville, TN 37745
      View Details
    • $499,900
      3,200 SF

      Greeneville Home with Commercial Potential

      Home with B4 zoning, suitable for residential or commercial use.
      1409 Tusculum Blvd, Greeneville, TN 37745
      View Details
    • $180,000
      2,138 SF

      Multifamily Investment Opportunity in Greeneville

      Multifamily unit in high-demand location, ideal for investors.
      1717 Lafayette St, Greeneville, TN 37745
      View Details
    • $280,000
      Pending

      Greeneville Farm with Creek Frontage

      15.48 acre Greeneville farm featuring creek, well, and utilities.
      15 S Old Kentucky Rd, Greeneville, TN 37743
      View Details

    FAQs

    What type of property is this?
    Land - 8.29 Acres, High Visibility, Development Ready
    Where is this land located?
    The property is located at 8.29 Ac Morgan Rd Greeneville, TN.
    What is the asking price?
    The asking price for this property is $2,400,000.
    (423) 552-5303 Call to check price and availability
    Request Owner's contact information
    8.29 Ac Morgan Rd Greeneville, TN 37743
    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.
    8.29 Ac Morgan Rd
    Greeneville, TN 37743
    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
    8.29 Ac Morgan Rd Greeneville, TN 37743
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Williams
    Mark Williams
    Real Estate License ID: 018463
    (423) 552-5303
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!