Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Grainger Landing lot 59 Rutledge, TN 37861

    View on Map
    Claim this Listing
    Pending
    $59,500

    LAND - Rutledge, TN

    Lot size:
    0.85 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    18
    Last Refresh:
    Apr 30 at 4:06 am

    Property Features for Grainger Landing lot 59

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    070H A 058.00
    Lot size
    0.85 Acres

    Taxes and HOA fees

    Tax Annual Amount
    198

    We can help!

    Listing Contact
    Brian Browning

    Listing agent Brian Browning

    Listing office The Carter Group, eXp Realty 5616 Kingston Pike Ste. 202, Knoxville, TN

    Listing date Apr 13, 2026

    MLS# 1336525 Listing URL

    Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Homesite in Gated Community

    Located within the gated community of Grainger's Landing, this wooded homesite offers a private setting with a seasonal view of Cherokee Lake and surrounding mountain views. The 0.85-acre lot features a gentle topography and ample depth, creating an opportunity for a custom build with both privacy and natural surroundings. Residents have access to a private marina, boat launch, and swimming pool. The property is located across the water from Panther Creek State Park, offering a Cherokee Lake lifestyle. The property is located along Blount Circle in Rutledge, TN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Rutledge
    County
    Grainger
    State
    Tennessee
    Longitude
    -83.5215
    Latitude
    36.248

    Nearby Similar for Sale

    • $79,990

      Scenic Homesite in Rutledge, TN

      Cleared homesite with lake views in quiet, rural neighborhood.
      Mallard Baye lot: 84, Rutledge, TN 37861
      View Details
    • $18,999

      Residential Lot Near Cherokee Lake

      Residential lot in Shiloh Springs community, near Cherokee Lake.
      140 Tumbleweed Tr, Rutledge, TN 37861
      View Details
    • $125,000

      Lakefront Lot Ready to Build

      Manageable lakefront lot with privacy and views on Cherokee Lake.
      Tumbleweed Trail lot: 110, Rutledge, TN 37861
      View Details
    • $199,900

      Residential Land in Rutledge, TN

      A 1.09-acre lot ready for your dream home.
      Holston Shores Drive, Rutledge, TN 37861
      View Details
    • $325,000

      10 Acres with Historic Farmhouse

      Land with farmhouse, tobacco barn, and creek in Rutledge, TN.
      1333 Cherry St, Rutledge, TN 37861
      View Details
    • $34,500

      Residential Land Near Cherokee Lake

      0.63 acre residential lot in Shiloh Springs.
      Tumbleweed Trail lot: 136, Rutledge, TN 37861
      View Details
    • $62,500

      Acre Lot in Lakeshore Area

      Two adjoining lots near Lakeshore Drive, ideal for building.
      Rolling Hls, Rutledge, TN 37861
      View Details
    • $55,000

      Residential Land in Rutledge, TN

      1.71 acre residential land parcel with owner financing.
      04 Rocky Branch, Rutledge, TN 37861
      View Details
    • $55,000

      Residential Land Near Cherokee Lake

      0.73 acre lot in gated community with lake access.
      Cow Poke Lane lot: 43, Rutledge, TN 37861
      View Details
    • $50,000

      Lake Access Lot in Rutledge

      Residential lot with lake access and community amenities.
      141 Red Cloud Lane, Rutledge, TN 37861
      View Details
    • $55,000

      Lakeside Lot in Gated Community

      0.58-acre lot in Shiloh Springs, steps from Cherokee Lake.
      Shiloh Springs Rd, Rutledge, TN 37861
      View Details
    • $69,900

      Residential Land Near Cherokee Lake

      Homesite near Cherokee Lake in Rutledge, Tennessee.
      Mallard Baye lot: 60, Rutledge, TN 37861
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded homesite with lake views and community amenities.
    Where is this residential land & home lot located?
    The property is located at Grainger Landing lot 59 Rutledge, TN.
    What is the asking price?
    The asking price for this property is $59,500.
    What are key features of this property?
    This property features: Private setting within gated community of Grainger's Landing.; Access to private marina and boat launch on Cherokee Lake.; Enjoy the community swimming pool.
    (865) 659-5620
    We can help!
    Listing Contact
    Brian Browning
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!