Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Gated Community Title is generated by Realmo AI

    Inland Court lot 2, Sparta, TN 38583

    View on Map
    Claim this Listing
    Pending
    $64,900

    LAND - Sparta, TN

    Lot size:
    4.47 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    82
    Last Refresh:
    May 27 at 2:06 am

    Property Features for Inland Court lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Pending
    APN
    087.00
    Lot size
    4.47 Acres

    Taxes and HOA fees

    Tax Annual Amount
    456

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water front features
    Waterfront

    We can help!

    Listing Contact
    Debra Dodd

    Listing agent Debra Dodd License #275382

    Listing office No. 1 Quality Realty-celina P.O. Box 99, Celina, TN

    Listing date Mar 6, 2026

    MLS# 240462 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

    • Located in the prestigious, secured, gated community of Mountain Harbor Coves Estate
    • Large 4.47‑acre wooded lot with a level building site
    • Enjoy access to community amenities including a clubhouse, playground, walking trails, and the 18‑hole championship Riverwatch Golf Course
    • Utilities available: city water, natural gas, electric, telephone, and internet
    • Neighborhood boat ramp access to Sligo Marina, near Burgess Falls State Park
    • Paved road frontage (approx. 300 feet)

    Overview

    This 4.47-acre property is located within the secured, gated community of Mountain Harbor Coves Estate. The land is totally wooded and features a mixture of terrain, including a level building site suitable for constructing a home. It has approximately 300 feet of paved road frontage. City water, natural gas, electricity, telephone, and internet services are available. The community offers amenities such as security, walking trails, a playground, and a clubhouse. The HOA fee is $500 yearly. Residents have access to the championship 18-hole Riverwatch Golf Course and can launch boats at the neighborhood boat ramp at Sligo Marina, with Burgess Falls State Park nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sparta
    County
    White
    State
    Tennessee
    Longitude
    -85.402158
    Latitude
    35.9216

    Nearby Similar for Sale

    • $450,000
      4,600 SF

      Sparta TN Commercial Space

      4,600 sq ft commercial space with high traffic exposure.
      170 Mayberry St, Sparta, TN 38583
      View Details
    • $599,000
      4,516 SF

      Commercial Building in Downtown Sparta

      Custom-built commercial building with ample parking and easy access.
      221 W Turn Table Road, Sparta, TN 38583
      View Details
    • $350,000

      Restaurant and Bar Opportunity

      Versatile restaurant/bar between Sparta and Crossville with modern amenities.
      14127 Crossville Highway, Sparta, TN 38583
      View Details
    • $399,900
      5,600 SF

      5,600 SF Commercial Building

      High-traffic location with two leased units in Sparta, TN.
      28-30 Mayberry Street, Sparta, TN 38583
      View Details
    • $375,000
      3,120 SF

      Sparta TN Multifamily Investment Opportunity

      Four-unit property in central Sparta with income potential.
      414 W Bockman Way, Sparta, TN 38583
      View Details
    • $995,000
      6,024 SF

      Sparta TN Commercial Strip Mall

      6,024 SF strip mall in high-visibility location for sale.
      402-410 N Spring St, Sparta, TN 38583
      View Details
    • $349,929
      3,282 SF

      Versatile Triplex in Sparta, TN

      Three rentable units near Sparta's historic square, ideal for investment.
      7 Marshall Street, Sparta, TN 38583
      View Details
    • $475,000

      Commercial Property in Sparta, TN

      Two commercial buildings with office and workshop space for sale.
      387&405 W Bockman Way, Sparta, TN 38583
      View Details
    • $199,000

      Sparta, TN Land Opportunity

      5.788 acre tract outside Sparta city limits.
      Charles Golden Rd lot: 1, Sparta, TN 38583
      View Details
    • $375,000
      3,120 SF

      Sparta TN Multifamily Investment Opportunity

      3,120 sq ft 4-plex in central Sparta, TN.
      414 W Bockman Way, Sparta, TN 38583
      View Details
    • $399,900

      Sparta, TN Development Land

      2.5 acre commercial land in high-traffic Sparta location.
      25 Mayberry Street, Sparta, TN 38583
      View Details
    • $459,900

      Commercially Zoned Land in Sparta

      5.04 acres with highway access and development potential.
      Millers Point Road, Sparta, TN 38583
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.47 acres in Mountain Harbor Coves Estate, Sparta, TN.
    Where is this residential land & home lot located?
    The property is located at Inland Court lot 2 Sparta, TN.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: Located in the prestigious, secured, gated community of Mountain Harbor Coves Estate; Large 4.47‑acre wooded lot with a level building site; Enjoy access to community amenities including a clubhouse, playground, walking trails, and the 18‑hole championship Riverwatch Golf Course
    (931) 397-1660
    We can help!
    Listing Contact
    Debra Dodd
    Real Estate License ID: 275382
    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
    Inland Court lot: 2, Sparta, TN 38583
    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!