Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Cassetty Ln. Gainesboro, TN 38562

    View on Map
    Claim this Listing
    New
    For Sale
    Under Contract
    $44,000

    LAND - Gainesboro, TN

    Lot size:
    0.64 Acres
    Added:
    May 3, 2026
    Days on Market:
    4
    Last Refresh:
    May 6 at 7:06 pm

    Property Features for Cassetty Ln.

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    004.00
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Annual Amount
    108

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Mickey Sircy

    Listing agent Mickey Sircy

    Listing office Highlands Elite Real Estate Gainesboro 111 S Union Street, Gainesboro, TN

    Listing date May 3, 2026

    MLS# 243554 Listing URL

    Copyright © 2026 Upper Cumberland Association of 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

    • Two adjoining level building lots offer a great opportunity.
    • Water taps already installed, saving you time and money.
    • No restrictions, allowing for flexible building options.
    • Enjoy the peace and quiet of this subdivision.
    • Close to town for convenient access to amenities.
    • Seller will sell each lot individually.

    Overview

    Gainesboro Land with Water Taps

    Two adjoining level building lots are available in a quiet subdivision near Gainesboro, Tennessee. The combined lot size is 0.64 acres. Both lots have water taps already installed. There are no restrictions on the property. The seller is open to selling each lot individually.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gainesboro
    County
    Jackson
    State
    Tennessee
    Longitude
    -85.664269
    Latitude
    36.3927625

    Nearby Similar for Sale

    • $350,000

      37 Acres Wooded Land, Farmhouse

      37 acres of wooded land with farmhouse near Gainesboro, TN.
      140 Spivey Ln, Gainesboro, TN 38562
      View Details
    • $348,000

      Gainesboro Land Near Roaring River

      23 acres of Tennessee farmland bordering TVA on Roaring River.
      12493 Dodson Branch Hwy, Gainesboro, TN 38562
      View Details
    • $399,900
      4,000 SF

      Gainesboro Mixed-Use Investment Opportunity

      Operating laundromat with two income-producing apartments for sale.
      701 N Murray St., Gainesboro, TN 38562
      View Details
    • $49,900

      Gainesboro, TN Land with Views

      5 acres with Cumberland River views, utilities, and no restrictions.
      5ac Schelley Rd, Gainesboro, TN 38562
      View Details
    • $130,000
      1,200 SF

      Gainesboro Commercial Property on Corner Lot

      Commercial opportunity on 0.7 acres with open floor plan.
      4075 York Hwy., Gainesboro, TN 38562
      View Details
    • $40,000

      Gainesboro Land with Utilities Available

      1.82 acres near Gainesboro with utilities and unrestricted use.
      Old Sr 85 lot: 4, Gainesboro, TN 38562
      View Details
    • $130,000
      1,200 SF

      Gainesboro Commercial Opportunity on Highway

      Commercial opportunity on 0.7 acres with open floor plan.
      4075 York Hwy, Gainesboro, TN 38562
      View Details
    • $89,900

      Gainesboro, TN Open Land

      4.2 acres of open ground near the river.
      2334 Whites Bend Ln, Gainesboro, TN 38562
      View Details
    • $209,900

      Unrestricted 17-Acre Farm with Pond

      Farm with pond, hunting cabin, barn, garage, and fixer-upper home.
      225 Richardson Ln., Gainesboro, TN 38562
      View Details
    • $60,000

      Cleared Land Near Water Access

      1.26 acre ready-to-build property near water access.
      789 Smith Bend Lane, Gainesboro, TN 38562
      View Details
    • $33,900

      5-Acre Wooded Tract Near River

      Wooded 5-acre tract near downtown and Cumberland River.
      Schelley Rd, Gainesboro, TN 38562
      View Details
    • $54,900

      Wooded Land in Gainesboro, Tennessee

      5.51 acres of wooded land with mountain views.
      5.51ac Beaver Lane lot: 24, Gainesboro, TN 38562
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjoining level building lots with water taps installed.
    Where is this residential land & home lot located?
    The property is located at Cassetty Ln. Gainesboro, TN.
    What is the asking price?
    The asking price for this property is $44,000.
    What are key features of this property?
    This property features: Two adjoining level building lots offer a great opportunity.; Water taps already installed, saving you time and money.; No restrictions, allowing for flexible building options.
    (615) 735-7865
    We can help!
    Listing Contact
    Mickey Sircy
    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
    Cassetty Ln., Gainesboro, TN 38562
    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!