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

    Fred Wallace Road Trade, TN 37691

    View on Map
    Claim this Listing
    For Sale
    $599,000

    LAND - Trade, TN

    Lot size:
    79.19 Acres
    Added:
    Nov 13, 2025
    Days on Market:
    174
    Last Refresh:
    May 6 at 2:06 am

    Property Features for Fred Wallace Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    079 083.00
    Lot size
    79.19 Acres

    Taxes and HOA fees

    Tax Annual Amount
    335

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Allen Yates

    Listing agent Allen Yates License #303442

    Listing office Allen Yates Realty 643 Greenway Rd # J5, TN

    Listing date Nov 13, 2025

    MLS# 9988294 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.

    Overview

    Expansive Land in Trade, TN

    This expansive 79.19-acre property is located in Trade, Tennessee, within Johnson County. The land features large growth timber and is situated in the 'Green Belt' program. A gravel road provides access to the top of the property. The location offers proximity to various destinations, being approximately 10 minutes from Mountain City, 35 minutes from Watauga Lake, and 20 minutes from Boone, North Carolina. The property is suitable for a family compound or organizational retreat, capitalizing on the high demand in the Trade community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Trade
    County
    Johnson
    State
    Tennessee
    Longitude
    -81.751252
    Latitude
    36.377882

    Nearby Similar for Sale

    • $199,900
      1,244 SF

      Equipped Restaurant on Highway 421

      Vacant restaurant with commercial kitchen, suitable for retail.
      6250 Highway 421 S, Trade, TN 37691
      View Details
    • $318,750

      Elevated Mountain Land with Sunset Views

      10.35 acres in Sunalei Forest with long-range views.
      C614 Buffalo Nvno Road, Trade, TN 37691
      View Details
    • $396,000

      Unrestricted Land Near NC Border

      44 acres of unrestricted land with stream and barn.
      Miller Lane, Trade, TN 37691
      View Details
    • $274,900

      Tennessee Mountaintop Land For Sale

      12+ acre mountaintop property near Watauga Lake and ski resorts.
      584 Dotson Road, Trade, TN 37691
      View Details
    • $174,900

      Land with Mountain View Potential

      15-acre land with bold streams and mountain view potential.
      Bulldog Road, Trade, TN 37691
      View Details
    • $274,900

      Tennessee Mountaintop Land

      12+ acre property with RV, hookups, and mountain views.
      584 Dotson Road, Trade, TN 37691
      View Details
    • $174,900

      Trade TN Land For Sale

      15 acre unrestricted land with mountain views and stream.
      Bulldog Road, Trade, TN 37691
      View Details
    • $599,000

      Expansive Land in Trade, TN

      Large acreage with views, timber, and development potential.
      Fred Wallace Road, Trade, TN 37691
      View Details
    • $249,900

      Mountain View Land in Trade, TN

      4.04-acre lot with long-range mountain views in gated community.
      V6 Sun Shine Nvno, Trade, TN 37691
      View Details
    • $39,000

      Land with Mountain Views

      2.6 acre building lot with mountain views near Boone, NC.
      9840 Hwy 421 S, Trade, TN 37691
      View Details
    • $90,000

      Land in Trade, Tennessee

      Mountain property with no zoning, close to Hwy 421.
      Miller Road, Trade, TN 37691
      View Details
    • $489,000

      Vacant Land in Trade, TN

      24.5 acres of vacant land in Trade, Tennessee.
      9990 HWY 421 S, Trade, TN 37691
      View Details

    FAQs

    What type of property is this?
    Land - Large acreage with views, timber, and development potential.
    Where is this land located?
    The property is located at Fred Wallace Road Trade, TN.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Expansive acreage suitable for a family compound or organizational retreat.; Located in the high‑demand Trade community.; Conveniently located: 10 minutes to Mountain City, 35 minutes to Watauga Lake, and 20 minutes to Boone, NC.
    (828) 264-5960
    We can help!
    Listing Contact
    Allen Yates
    Real Estate License ID: 303442
    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
    Fred Wallace Road, Trade, TN 37691
    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!