Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Erwin, TN Land Opportunity Title is generated by Realmo AI

    Erwin, TN 37650, Erwin, TN 37650

    View on Map
    Claim this Listing
    For Sale
    $359,500

    LAND - Erwin, TN

    Lot size:
    3.97 Acres
    Added:
    Dec 26, 2025
    Days on Market:
    139
    Last Refresh:
    May 14 at 4:06 pm

    Property Features

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    3.97 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3095

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Karen Shelton
    Karen Shelton

    Listing agent Karen Shelton License #300115

    Listing office Property Executives Johnson City 2694 Boones Creek Road Suite #4, TN

    Listing date Dec 26, 2025

    MLS# 9989552 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3.97 Acre Property with Level Terrain
    • City Water and Sewer Available
    • High Speed Fiber Available
    • Convenient Access and Visibility off North Main Avenue
    • Ideal for Business, Community, or Mixed‑Use Development
    • Convenient to Johnson City, Elizabethton, Tri‑Cities, and Asheville, NC

    Overview

    This 3.97-acre property in Erwin, TN, combines accessibility with natural surroundings. The level terrain and city infrastructure make it suitable for a neighborhood of homes, condominiums, a business site, or a mixed-use project. The location offers visibility and access from North Main Avenue. City water, sewer, and high-speed fiber are available. The property is conveniently located near Johnson City, Elizabethton, the Tri-Cities, and Asheville, North Carolina, making it a potentially suitable location for a future business.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Erwin
    County
    Unicoi
    State
    Tennessee
    Longitude
    -82.4955
    Latitude
    36.0829

    Nearby Similar for Sale

    • $450,000
      3,200 SF

      Turnkey Automotive Shop in Erwin

      Well-equipped auto shop on 0.72 acres, ready for operation.
      1040 Martin Creek Road, Erwin, TN 37650
      View Details
    • $850,000
      2,686 SF

      Erwin Commercial Property For Sale

      Commercial property with restaurant potential in Erwin, Tennessee.
      1502 N Main Ave, Erwin, TN 37650
      View Details
    • $365,000
      3,151 SF

      Historic Mixed-Use Building, Erwin

      Historic building in downtown Erwin with commercial and residential potential.
      205 Union St, Erwin, TN 37650
      View Details
    • $1,475,000
      3,000 SF

      Turnkey Glamping and Wedding Venue

      12.9-acre glamping and wedding venue near National Forest.
      2394 Spivey Mountain Road, Erwin, TN 37650
      View Details
    • $88,500

      Unicoi County Mountain Retreat Opportunity

      5-acre mountain property near Erwin, TN, with creek and views.
      Ray Kegley Road lot: 3, Erwin, TN 37650
      View Details
    • $226,500

      35 Acres of Recreational Land

      Pristine 35-acre tract ideal for outdoor recreation and nature lovers.
      Ray Kegley Road, Erwin, TN 37650
      View Details
    • $87,000

      Erwin, TN Wooded Land Parcels

      Two wooded parcels with driveway entrances near town and recreation.
      Blaine White Road, Erwin, TN 37650
      View Details
    • $118,000

      Commercial Land in Erwin, TN

      Commercial land with road frontage and access to downtown.
      Old Fishery Road, Erwin, TN 37650
      View Details
    • $150,000

      2.82 Acres Land in Erwin

      Cleared 2.82-acre parcel ready for custom home or mini-farm.
      N Mohawk Drive, Erwin, TN 37650
      View Details
    • $799,900

      Expansive Mountain Land with Natural Spring

      265-acre mountain property with spring, barn, and creek near Erwin.
      Garland Meadows Lane, Erwin, TN 37650
      View Details
    • $69,000

      Residential Land in Erwin, Tennessee

      0.70 acre building lot with utilities in established neighborhood.
      Galax Drive, Erwin, TN 37650
      View Details
    • $350,000

      Land with Mountain Views

      21.64 acres of land with mountain views in Erwin, TN.
      Mcinturff Springs Road, Erwin, TN 37650
      View Details

    FAQs

    What type of property is this?
    Land - 3.97 acres in Erwin, TN, ideal for development.
    Where is this land located?
    The property is located at Erwin, TN.
    What is the asking price?
    The asking price for this property is $359,500.
    What are key features of this property?
    This property features: 3.97 Acre Property with Level Terrain; City Water and Sewer Available; High Speed Fiber Available
    (423) 360-1662
    We can help!
    Listing Contact
    Karen Shelton
    Karen Shelton
    Real Estate License ID: 300115
    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
    Erwin, TN 37650
    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!