Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway Frontage Land in New Market Title is generated by Realmo AI

    915 W Hwy 11 E, New Market, TN 37820

    View on Map
    Claim this Listing
    New
    For Sale
    $149,000

    LAND - New Market, TN

    Lot size:
    1.48 Acres
    Added:
    May 6, 2026
    Days on Market:
    7
    Last Refresh:
    May 12 at 6:06 pm

    Property Features for 915 W Hwy 11 E

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    033 128.01
    Lot size
    1.48 Acres

    Taxes and HOA fees

    Tax Annual Amount
    332

    We can help!

    Listing Contact
    Katherine Lulow
    Katherine Lulow

    Listing agent Katherine Lulow

    Listing office Southern Charm Homes 10425 Cogdill Road Suite 200, Knoxville, TN

    Listing date May 6, 2026

    MLS# 1339728 Listing URL

    Copyright © 2026 East Tennessee 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

    • Prime location on Hwy 11E in New Market with over 450 feet of road frontage.
    • Zoning changes to commercial upon permit acquisition.
    • Water, electricity, and phone available at the road.
    • Includes a historical 1800's brick cabin suitable for a small business.
    • Driveway with parking spots already in place.
    • Total of 1.48 acres (two parcels).

    Overview

    This 1.48-acre property is located on Hwy 11E in New Market and features over 450 feet of road frontage. The property is currently zoned as residential, but according to New Market Zoning, obtaining permits will change the zoning to commercial. Water, electricity, and phone services are available at the road. An 1800's brick cabin is located on the property and could be renovated for use as a small business. A driveway provides parking between two lots. The property consists of two parcels: Parcel ID# 033 128.01 (approximately 0.32 acres) and 033 128.02 (approximately 1.16 acres). The property will not be divided. The property is located in Jefferson County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.549896
    Latitude
    36.10167

    Nearby Similar for Sale

    • $979,000

      Unrestricted Land with Stocked Pond

      42.2 acres of unrestricted East Tennessee land with stocked pond.
      1830 Rocky Valley Road, New Market, TN 37820
      View Details
    • $525,000

      Prime East Tennessee Farmland

      20.3 acres in New Market, perfect for custom home.
      Mine Road lot: 0, New Market, TN 37820
      View Details
    • $525,000

      Prime Farmland in New Market, TN

      20.3 acres of gently rolling farmland in East Tennessee.
      Mine Road lot: 0, New Market, TN 37820
      View Details
    • $525,000

      Prime Farmland in New Market, TN

      20.3 acres of gently rolling farmland in East Tennessee.
      Mine Rd, New Market, TN 37820
      View Details
    • $525,000

      Prime Farmland in New Market, TN

      20.3 acres of gently rolling farmland in East Tennessee.
      Mine Road lot: 0, New Market, TN 37820
      View Details
    • $875,000

      Industrial Land in New Market

      Six acres of industrial-zoned land with road frontage.
      1820 Hwy 11 E W, New Market, TN 37820
      View Details
    • $587,500

      29.38 Acres of Farmland

      Undeveloped farm with pasture, woodland, pond, and mountain views.
      Bales Rd, New Market, TN 37820
      View Details
    • $139,900

      Unrestricted Land with Mountain Views

      6.81 acres ready for building near Smoky Mountains.
      721 Cecil Lockhart Road, New Market, TN 37820
      View Details
    • $139,900

      Unrestricted Land with Mountain Views

      6.81 acres ready for building with mountain views.
      721 Cecil Lockhart Road, New Market, TN 37820
      View Details
    • $215,000
      956 SF

      Professional Office Building in New Market

      Brick office building with ample parking and high traffic exposure.
      980 Highway 11-E W, New Market, TN 37820
      View Details
    • $249,900

      New Market Land with Views

      Exceptional building opportunity with mountain and valley views.
      Tract 1 Baker Road, New Market, TN 37820
      View Details
    • $249,900

      New Market Land with Views

      5.71 acre lot with mountain and valley views.
      Tract 1 Baker Road, New Market, TN 37820
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.48 acres on Hwy 11E with commercial potential.
    Where is this commercial land located?
    The property is located at 915 W Hwy 11 E New Market, TN.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Prime location on Hwy 11E in New Market with over 450 feet of road frontage.; Zoning changes to commercial upon permit acquisition.; Water, electricity, and phone available at the road.
    (865) 985-1238
    We can help!
    Listing Contact
    Katherine Lulow
    Katherine Lulow
    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
    915 W Hwy 11 E, New Market, TN 37820
    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!