Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Lot in Cedar Grove Title is generated by Realmo AI

    Excalibur Trail Lot 243, Cedar Grove, TN 38321

    View on Map
    Claim this Listing
    For Sale
    $48,900

    LAND - Cedar Grove, TN

    Lot size:
    1.30 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    42
    Last Refresh:
    May 21 at 2:06 am

    Property Features for Excalibur Trail Lot 243

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    154 008.53
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    240

    Utilities

    Utilities
    Natural Gas Available
    Water front features
    Lake, Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Timothy Shane Bowen

    Listing agent Timothy Shane Bowen License #361051

    Listing office Tennessee Valley Realty and In 235 Veterans Dr, Huntingdon, TN

    Listing date Apr 10, 2026

    MLS# 2601599 Listing URL

    Copyright © 2026 Central West Tennessee 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

    • Lakefront 1.3 acre lot in the Indian Lake Community
    • Professionally managed 100 acre lake
    • Building site on a hill with a beautiful view of the lake
    • Creek meandering through the right side of the lot
    • Natural Gas Available

    Overview

    This 1.3-acre lakefront lot is located in the Indian Lake Community. A creek meanders through the right side of the lot. The left side of the property features a building site on a hill, offering lake views. Indian Lake is a professionally managed 100-acre lake. This property is suitable for building a dream home or fishing cabin. A recent survey is on file.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Cedar Grove
    County
    Carroll
    State
    Tennessee
    Longitude
    -88.529629
    Latitude
    35.852491

    Nearby Similar for Sale

    • $36,000

      3.3 Acre Lot in Subdivision

      Vacant lot in gated community near boat ramp.
      389 Excalibur Trail, CEDAR GROVE, TN 38321
      View Details
    • $49,900

      Land in Gated Community

      3.4 acre lot in Indian Lake Community, Cedar Grove, TN.
      942 Excalibur Trail (Lot 101), Cedar Grove, TN 38321
      View Details
    • $29,900

      Residential Lot in Gated Community

      1.3 acre lot with seasonal lake view and utilities.
      Excalibur Trail ( Lot 232), Cedar Grove, TN 38321
      View Details
    • $50,000

      Lakefront Lot in Gated Community

      2.2 acre lakefront lot with community amenities.
      920 Strike King Dr (Lot 164), Cedar Grove, TN 38321
      View Details
    • $89,000

      Waterfront Lot in Gated Community

      Waterfront lot in gated community near Huntingdon and Jackson, TN.
      16 Thundercraw Pt, CEDAR GROVE, TN 38321
      View Details
    • $250,000

      Secluded Land with River Frontage

      83.6 acres of timber, recreation, and potential homesite property.
      Terry Road, Cedar Grove, TN 38321
      View Details
    • $89,000

      Waterfront Land in Gated Community

      Waterfront lot in Indian Lake community, perfect for building.
      16 Thundercraw Point, Cedar Grove, TN 38321
      View Details
    • $95,000

      Income Property in Cedar Grove

      3.18-acre property with a house and five mobile homes.
      Charles Lane, Cedar Grove, TN 38321
      View Details
    • $649,000
      91,476 SF

      Profitable Auto Shop and Store

      Established business on 2+ acres with multiple revenue streams.
      9100 Highway 70 East, Cedar Grove, TN 38321
      View Details
    • $649,000
      2,640 SF

      Profitable Business Opportunity on Highway 70

      Established business with convenience store, service center, and residential apartment.
      9100 Highway 70, Cedar Grove, TN, 38321-6440
      View Details
    • $33,000

      Land in Cedar Grove, TN

      2.17-acre level building lot in a country setting.
      1872 W Leo Woods Road, Cedar Grove, TN 38321
      View Details
    • $55,000

      Land on Auction Lane

      7.62 acres in Carroll County, Tennessee, ideal for recreation.
      Auction Lane, Cedar Grove, TN 38321
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.3 acre lakefront lot in Indian Lake Community.
    Where is this waterfront land located?
    The property is located at Excalibur Trail Lot 243 Cedar Grove, TN.
    What is the asking price?
    The asking price for this property is $48,900.
    What are key features of this property?
    This property features: Lakefront 1.3 acre lot in the Indian Lake Community; Professionally managed 100 acre lake; Building site on a hill with a beautiful view of the lake
    (901) 336-0553
    We can help!
    Listing Contact
    Timothy Shane Bowen
    Real Estate License ID: 361051
    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
    Excalibur Trail (Lot 243), Cedar Grove, TN 38321
    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!