Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Peninsula's Edge Title is generated by Realmo AI

    S Peninsulas Edge Dr lot 42, Smithville, TN 37166

    View on Map
    Claim this Listing
    For Sale
    $82,000

    LAND - Smithville, TN

    Lot size:
    1.01 Acres
    Added:
    Sep 2, 2025
    Days on Market:
    273
    Last Refresh:
    Jun 1 at 10:06 pm

    Property Features for S Peninsulas Edge Dr lot 42

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    007.41
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Annual Amount
    153

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water front features
    Waterfront

    We can help!

    Listing Contact
    Elijah Castelli
    Elijah Castelli

    Listing agent Elijah Castelli License #302586

    Listing office Elevate Real Estate 1400 Neal Street, Cookeville, TN

    Listing date Sep 2, 2025

    MLS# 239012 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

    • One Acre Lot
    • Located in Prestigious Peninsula's Edge
    • Close Proximity to Sligo Marina
    • Minutes to Caney Fork and Center Hill Lake
    • Water Available
    • Corner Lot

    Overview

    This one-acre corner lot is located in the Peninsula's Edge community. The property is situated in close proximity to Caney Fork and Center Hill Lake, and is a short distance from Sligo Marina. New construction is underway in the area. The property is zoned for residential use.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Smithville
    County
    DeKalb
    State
    Tennessee
    Longitude
    -85.8141516
    Latitude
    35.9606185

    Nearby Similar for Sale

    • $455,000
      4,730 SF

      Smithville Commercial Investment Opportunity

      1.99 acres with 4,730 sq ft building in Smithville.
      3714 NW Mcminnville Hwy, Smithville, TN 37166
      View Details
    • $355,000
      1,757 SF

      Versatile Commercial Property, Smithville, TN

      High-visibility commercial property with potential for retail or office.
      820 N Congress Blvd, Smithville, TN 37166
      View Details
    • $105,000

      Residential Land Near Center Hill

      4.85 acre building lot near Center Hill Lake.
      Coconut Ridge Rd lot: 1, Smithville, TN 37166
      View Details
    • $124,900

      Cleared Land Near Center Hill

      5.03 acres of cleared, horse-friendly land near Center Hill Lake.
      Sunset Drive lot: 3, Smithville, TN 37166
      View Details
    • $1,100,000

      100+ Acre Farm in Smithville

      Farm with pasture, ponds, and potential for subdivision.
      Corinth Church Rd, Smithville, TN 37166
      View Details
    • $62,500

      Smithville Land with Utilities

      0.68-acre lot near Smithville with utilities and creek.
      459 W Main Street, Smithville, TN 37166
      View Details
    • $130,000

      Unrestricted Lot Near Center Hill

      Private, ready-to-use lot near Pates Ford Marina.
      222 Witherspoon Dr lot: 31,32, Smithville, TN 37166
      View Details
    • $94,900

      Unrestricted Land Near Center Hill

      2.16 acre unrestricted tract near Pates Ford Marina.
      Jefferson Rd lot: 17, Smithville, TN 37166
      View Details
    • $60,000

      Unrestricted Lot Near Center Hill

      0.64 acre lot near downtown Smithville and Center Hill Lake.
      Highway 70 E lot: 8, Smithville, TN 37166
      View Details
    • $109,900

      Residential Lot with Lake View

      Residential lot in Smithville, TN, with scenic lake view.
      Seaton Dr Lot 325, Smithville, TN 37166
      View Details
    • $449,900

      Secluded Land Near Center Hill Lake

      44-acre tract ideal for custom home or recreational retreat.
      1142 Poss Rd, Smithville, TN 37166
      View Details
    • $99,900

      Unrestricted Land Near Center Hill

      2.71 acre unrestricted land near Pates Ford Marina.
      Jefferson Rd lot: 19, Smithville, TN 37166
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One-acre corner lot near Caney Fork and Center Hill Lake.
    Where is this residential land & home lot located?
    The property is located at S Peninsulas Edge Dr lot 42 Smithville, TN.
    What is the asking price?
    The asking price for this property is $82,000.
    What are key features of this property?
    This property features: One Acre Lot; Located in Prestigious Peninsula's Edge; Close Proximity to Sligo Marina
    (931) 283-2312
    We can help!
    Listing Contact
    Elijah Castelli
    Elijah Castelli
    Real Estate License ID: 302586
    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
    S Peninsulas Edge Dr lot: 42, Smithville, TN 37166
    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!