Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Bundren Mountain Rd Tazewell, TN 37879

    • Land
    • 15.00 lot acres
    For Sale
    View listing
    $139,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2 Bundren Mountain Rd

    Lot size
    15.00 lot acres
    Property type
    Land

    Description

    This exceptional 15-acre commercial land parcel, identified as Tract 2 of a larger property, is situated on Bundren Mountain Road in Tazewell, Tennessee, zip code 37879. Located in Claiborne County, this unrestricted acreage offers stunning mountain views and is eligible for the Greenbelt program. The property is ideal for a variety of commercial ventures, given its size and location. While a survey will be conducted upon contract acceptance, the approximate acreage is 15 acres. Note that the listed property tax amount reflects the tax assessment for the entire 104.58-acre parent property and will be adjusted at closing to reflect the correct tax assessment for this specific 15-acre tract. A video showcasing the property is available online (link provided separately). This is a unique opportunity to acquire a substantial piece of land in a desirable East Tennessee location, near Norris Lake. The property is being sold as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tazewell
    County
    Claiborne
    State
    Tennessee
    Longitude
    -83.5333
    Latitude
    36.3745

    Comparable in this City

    • Value Estimation by Request
      9.90 Acres

      7 Bundren Mountain Rd

      Land • 9.90 Acres
      7 Bundren Mountain Rd, Tazewell, TN 37879
      View Details
    • Value Estimation by Request
      15.00 Acres

      6 Bundren Mountain Rd

      Land • 15.00 Acres
      6 Bundren Mountain Rd, Tazewell, TN 37879
      View Details
    • Value Estimation by Request
      104.58 Acres

      Bundren Hl Rd

      Land • 104.58 Acres
      0 Bundren Hl Rd, Tazewell, TN 37879
      View Details
    • Value Estimation by Request
      15.00 Acres

      1 Bundren Mountain Rd

      Farms • 15.00 Acres
      1 Bundren Mountain Rd, Tazewell, TN 37879
      View Details
    • Value Estimation by Request

      796 Dogwood Rd

      COMMERCIAL (GENERAL)
      796 Dogwood Rd, Tazewell, TN 37879-4670
      View Details
    • Value Estimation by Request
      672 SF

      1206 Smith St Lot, Unit 3

      COMMERCIAL (GENERAL) • 672 SF
      1206 Smith St Lot, Tazewell, TN 37879-3652
      View Details

    Similar Nearby for Sale

    • $139,000
      9.90 Acres

      Bundren Mountain Commercial Land

      9.9 Acres, Secluded Tennessee Retreat
      7 Bundren Mountain Rd, Tazewell, TN 37879
      View Details
    • $139,000
      15.00 Acres

      Tract 2: 15 Acres in Tazewell, TN

      15-Acre Commercial Land, Mountain Views
      2 Bundren Mountain Rd, Tazewell, TN 37879
      View Details
    • Contact for pricing
      0.37 Acres

      Land in Premier Golf Community

      Value priced lot with golf, marina, and lake access.
      174 Lot Wedge Way, Tazewell, TN 37879
      View Details
    • $275,000
      45.00 Acres

      Unrestricted 45-Acre Tazewell Land

      45 acres of unrestricted land near the river in Tazewell.
      Tbd Clinch Riv Rd, Tazewell, TN 37879
      View Details
    • $139,000
      15.00 Acres

      Bundren Mountain Farm Tract 1

      15-Acre Farm, Mountain Views, Tazewell, TN
      1 Bundren Mountain Rd, Tazewell, TN 37879
      View Details
    • $49,900
      0.78 Acres

      Land with Golf Course Views

      0.78 acre lot with golf course and lake access.
      Caddy Ct, Tazewell, TN 37879
      View Details
    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.
    2 Bundren Mountain Rd
    Tazewell, TN 37879
    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.