Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land Near Gatlinburg Title is generated by Realmo AI

    Hooper Highway lot 1-3, Cosby, TN 37722

    View on Map
    Claim this Listing
    For Sale
    $219,000

    LAND - Cosby, TN

    Lot size:
    2.62 Acres
    Added:
    Aug 9, 2024
    Days on Market:
    663
    Last Refresh:
    Jun 2 at 11:06 am

    Property Features for Hooper Highway lot 1-3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Resisdential
    Standard status
    Active
    APN
    127I E 00102 000
    Lot size
    2.62 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    406

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Darrin Breeden
    Darrin Breeden

    Listing agent Darrin Breeden License #325653

    Listing office RE/MAX Between the Lakes - Dandridge 720 Hwy 92S Suite B, Dandridge, TN

    Listing date Aug 9, 2024

    MLS# 704688 Listing URL

    Copyright © 2026 Lakeway Area 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

    • 2.62 acres of unrestricted land ready for development.
    • Prime location near Great Smoky Mountains National Park (GSMNP), Downtown Gatlinburg, and Rocky Top Sports World.
    • Investment opportunity suitable for multiple income‑producing properties or residential/commercial uses (pending zoning).
    • Boasts 296' of road frontage on State Hwy 321.
    • Close proximity to established overnight rental communities and campgrounds.
    • Water available (public source).

    Overview

    This is a 2.62-acre property located in Cosby, TN, offering an investment opportunity near the Great Smoky Mountains National Park and minutes from Downtown Gatlinburg and Rocky Top Sports World. The land is unrestricted and ready for development. It is situated in close proximity to established overnight rental communities and campgrounds. The property has 296 feet of road frontage on State Hwy 321. Potential uses include income-producing properties or other residential/commercial ventures, pending zoning approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cosby
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.2545749
    Latitude
    35.7754133

    Nearby Similar for Sale

    • $325,000

      Cosby, TN Land with Views

      8-acre level tract with mountain views and creek access.
      Holders Grove Rd lot: 3R2, Cosby, TN 37722
      View Details
    • $365,000
      4,822 SF

      Cosby Highway Commercial Opportunity

      Versatile commercial property with high traffic exposure and multiple potential uses.
      4344 Cosby Highway, Cosby, TN 37722
      View Details
    • $715,000

      Glamping Resort Near National Park

      Glamping resort with domes, yurts, and Airstream campers.
      910 Windy Hill Way, Cosby, TN 37722
      View Details
    • $45,000

      Cosby, TN Residential Land Parcel

      0.67-acre lot in Cosby, TN, ideal for building.
      Dark Hollow, Cosby, TN 37722
      View Details
    • $159,900
      600 SF

      Cosby, TN Land with Residence

      Low-maintenance mountain living in Venture Out Resort.
      5355 East Parkway, Cosby, TN 37722
      View Details
    • $125,000

      Cosby, TN Land Opportunity

      Land near Gatlinburg and Smoky Mountains with potential.
      204 Amet Way, Cosby, TN 37722
      View Details
    • $325,000

      Land with Mountain Views

      8-acre Cosby, TN land with mountain views and creek.
      Holders Grove Road lot: 3R2, Cosby, TN 37722
      View Details
    • $450,000
      2,040 SF

      Riverfront Cabins in Cosby, TN

      Income-producing property with two cabins on Cosby Creek.
      2741-2743 Cosby Hwy, Cosby, TN 37722
      View Details
    • $315,000

      Cosby, TN 15.12-Acre Land

      15.12 acres in Cosby, TN with well and septic.
      4121 Chavis Road, Cosby, TN 37722
      View Details
    • $45,000

      Cosby, TN Land Parcel

      0.67-acre lot in Cosby, Tennessee, ideal for building.
      Dark Hollow Road, Cosby, TN 37722
      View Details
    • $315,000

      Cosby, TN 15-Acre Land Parcel

      15.12 acres in Cosby, TN with mountain views.
      4121 Chavis Road, Cosby, TN 37722
      View Details
    • $199,850

      Cosby TN Rolling Mountain Land

      8.09 acres in Deerfoot Estates, Cosby, Tennessee.
      Deerfoot Rd, Cosby, TN 37722
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.62 acres near Gatlinburg and Rocky Top Sports World.
    Where is this commercial land located?
    The property is located at Hooper Highway lot 1-3 Cosby, TN.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: 2.62 acres of unrestricted land ready for development.; Prime location near Great Smoky Mountains National Park (GSMNP), Downtown Gatlinburg, and Rocky Top Sports World.; Investment opportunity suitable for multiple income‑producing properties or residential/commercial uses (pending zoning).
    (865) 397-8990
    We can help!
    Listing Contact
    Darrin Breeden
    Darrin Breeden
    Real Estate License ID: 325653
    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
    Hooper Highway lot: 1-3, Cosby, TN 37722
    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!