Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Emerald Hills Dr Elizabethton, TN 37643

    Sponsored
    For Sale
    $45,000

    Prime 0.56-acre lot, build your dream home!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 0.56-acre residential lot, located at Lot 1 Emerald Hills Drive in Elizabethton, Tennessee, 37643, presents a fantastic opportunity for building a single-family home or developing an investment property. Situated in a desirable Elizabethton community, this rectangular lot provides a level building site, perfect for creating a custom residence tailored to your specific needs. The property's location offers convenient access to local amenities and services, making it an attractive option for both primary residences and investment portfolios. The lot's size allows for ample space to design and construct a comfortable home with potential for landscaping and outdoor living areas. For those seeking a larger development opportunity, the adjacent Lot 8 is also available for purchase, offering the unique possibility of acquiring two contiguous lots. This presents a significant advantage for those looking to expand their building plans or create a larger property. This is a rare opportunity to secure land in a sought-after neighborhood. Buyers are responsible for verifying all information provided.

    Property Features for 1 Emerald Hills Dr

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Jim Griffin
    Jim Griffin

    Learn more

    HighLights

    • $45,000 asking price for a residential land lot.
    • 0.56‑acre lot located in Elizabethton, Tennessee.
    • Ideal for a single‑family home or investment property.
    • Lot located at 1 Emerald Hills Drive, Elizabethton, TN 37643.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.2291375
    Latitude
    36.2949661

    Nearby Similar for Sale

    • $1,995,000
      2,304 SF

      Elizabethton Cabins Investment Opportunity

      Ten cabins in Elizabethton, TN, with income potential.
      117-135 Ridgeview Dr, Elizabethton, TN 37643
      View Details
    • New
      $899,900
      2,643 SF

      Prime Commercial Building in Elizabethton

      Exceptional commercial property in a high-traffic location near major retailers.
      111 W Elk / Charlie Robinson Ave, Elizabethton, TN 37643
      View Details
    • New
      $565,000
      4,456 SF

      Restored Multifamily Home with Upgrades

      Restored home with modern upgrades, ideal for large family.
      621 Mcarthur Ave, Elizabethton, TN 37643
      View Details
    • New
      $299,900
      11.33 Acres

      Elizabethton Farm with Equine Potential

      11.33-acre farm in Lynn Valley, suitable for equine business.
      124 Bill Crawford Rd, Elizabethton, TN 37643
      View Details
    • New
      $799,900
      1,804 SF

      Prime Commercial Property Elizabethton, TN

      High-visibility commercial property in a thriving Elizabethton location.
      113 W Elk/Charlie Robinson Dr, Elizabethton, TN 37643
      View Details
    • $35,500
      Pending

      Tiny House on Wooded Lot

      Furnished tiny house with storage shed on a 0.45-acre lot.
      125 Locust Winds Dr, Elizabethton, TN 37643
      View Details
    • New
      $1,699,800
      2.10 Acres

      Prime Commercial Location, Elizabethton, TN

      Exceptional commercial properties in high-traffic Elizabethton location with many possibilities.
      111 W Elk Ave/Charlie, Elizabethton, TN 37643
      View Details
    • New
      $517,500
      4,000 SF

      Versatile Commercial Property in Elizabethton

      Multi-use commercial property with high visibility and expansion potential.
      2719 Highway 91, Elizabethton, TN 37643
      View Details
    • $890,000
      51.00 Acres

      51 Acres in Elizabethton, TN

      Land with meadows, woods, creek, and mountain views.
      3039 Highway 91, Elizabethton, TN 37643
      View Details
    • $764,000
      2,880 SF

      Mountain View Cabin Investment Opportunity

      Five cabins on 2.96 acres near Watauga Lake.
      117-125 Ridgeview Dr, Elizabethton, TN 37643
      View Details
    • $579,900
      4,700 SF

      French Design Office Building

      Country French design office building with city and mountain views.
      411 Bemberg Rd, Elizabethton, TN 37643
      View Details
    • $425,000
      15.12 Acres

      Mini Farm with Metal Building

      15+ acre mini farm between Johnson City and Elizabethton, TN.
      955 Sycamore Shoals Dr, Elizabethton, TN 37643
      View Details

    FAQs

    What type of property is this?
    Land - Prime 0.56-acre lot, build your dream home!
    Where is this land located?
    The property is located at 1 Emerald Hills Dr Elizabethton, TN.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: $45,000 asking price for a residential land lot.; 0.56-acre lot located in Elizabethton, Tennessee.; Ideal for a single-family home or investment property.
    Request Owner's contact information
    1 Emerald Hills Dr Elizabethton, TN 37643
    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.
    1 Emerald Hills Dr
    Elizabethton, TN 37643
    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
    1 Emerald Hills Dr Elizabethton, TN 37643
    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!
    Listing Contact
    Jim Griffin
    Jim Griffin
    Real Estate License ID: 310406
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.