Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land on Buell Chapel Rd Title is generated by Realmo AI

    Buell Chapel Rd, Morristown, TN 37813

    View on Map
    Claim this Listing
    Pending
    $69,000

    LAND - Morristown, TN

    Lot size:
    2.00 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    103
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for Buell Chapel Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    063 016.00
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    869

    We can help!

    Listing Contact
    Lauren Logan

    Listing agent Lauren Logan

    Listing office Realty Executives Associates 10255 Kingston Pike, knoxville, TN

    Listing date Feb 20, 2026

    MLS# 1329981 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

    • Approximately 2 acres of buildable land in Morristown across three lots.
    • Zoned A1, allowing for single and double‑wide mobile homes.
    • Approved for subsurface sewage disposal for up to 3‑bedroom homes.
    • Gently rolling terrain suitable for building.
    • Conveniently located near Briarwood Ranch Safari and Stargazer Glamping Village.
    • Newly created parcels with direct frontage on Buell Chapel Rd for easy access.

    Overview

    These three rolling lots, totaling approximately 2.38 acres, are located on Buell Chapel Rd in Morristown. The newly created parcels, known as Lots 5, 6, and 7 Buell Chapel Rd, front directly on Buell Chapel Rd, providing easy access and homesite potential. The property is zoned A1 per county, and single and double-wide mobile homes are allowed. The land features gently rolling, buildable terrain. Lots 5 and 6 are approved for subsurface sewage disposal for up to 3-bedroom. The property is located 8.8 miles from Briarwood Ranch Safari and 12.5 miles from Stargazer Glamping Village. The property offers space, potential, and a location in Morristown.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.234781
    Latitude
    36.14547

    Nearby Similar for Sale

    • $550,000
      2,608 SF

      Morristown Commercial Property For Sale

      Versatile commercial property with high visibility and road frontage.
      2024 E Andrew Johnson Highway, Morristown, TN 37814
      View Details
    • $949,000
      3,000 SF

      Morristown Commercial Property For Sale

      3000 sq ft commercial building in a bustling business district.
      3351 W Andrew Johnson Highway, Morristown, TN 37814
      View Details
    • $310,000
      1,658 SF

      Turnkey Commercial Space in Morristown

      Equipped commercial space for sale in a prime Morristown location.
      316 Beech Street, Morristown, TN 37813
      View Details
    • $1,375,000

      Prime Development Land Opportunity

      24.9-acre property on Hwy 25 with multiple access points.
      N Morelock Road, Morristown, TN 37814
      View Details
    • $949,000
      18,972 SF

      Light Manufacturing/Industrial Property For Sale

      3.23 acres, two warehouses, office space, ample parking.
      1132 Davis Street, Morristown, TN 37814
      View Details
    • $485,000

      Unrestricted Land in Prime Location

      17+/- acres with unrestricted use, ideal for various opportunities.
      4343 Maple Valley Road, Morristown, TN 37813
      View Details
    • $629,900

      Cherokee Lake Waterfront Land

      1.5-acre waterfront property on Cherokee Lake in Timbercrest Subdivision.
      3753 Lake Point Drive, Morristown, TN 37814
      View Details
    • $319,000

      Updated Duplex Investment Opportunity

      Well-maintained duplex with updates, income potential, and convenient location.
      114 Sequoyah Drive, Morristown, TN 37813
      View Details
    • $629,900

      Cherokee Lake Waterfront Land

      1.5-acre waterfront property on Cherokee Lake with 285ft shoreline.
      3753 Lake Point Drive, Morristown, TN 37814
      View Details
    • $150,000

      Windswept Community Homesite with Utilities

      1.28 acre homesite with lake and mountain views.
      2444 Starboard Crest Road, Morristown, TN 37814
      View Details
    • $100,000

      Land with Creek in Morristown

      3.4-acre tract with creek, utilities, and building sites.
      2636 Shields Ferry Rd, Morristown, TN 37814
      View Details
    • $500,000

      Established Auto Parts Business

      Turn-key auto parts business with significant upside potential on 2+ acres.
      2485 Newport Highway, Morristown, TN 37813
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.38 acres of land with homesite potential in Morristown.
    Where is this residential land & home lot located?
    The property is located at Buell Chapel Rd Morristown, TN.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: Approximately 2 acres of buildable land in Morristown across three lots.; Zoned A1, allowing for single and double‑wide mobile homes.; Approved for subsurface sewage disposal for up to 3‑bedroom homes.
    (865) 369-5990
    We can help!
    Listing Contact
    Lauren Logan
    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
    Buell Chapel Rd, Morristown, TN 37813
    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!