Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Feathers Chapel Rd Blountville, TN 37617
    Back to Search
    Property profile & analytics

    Feathers Chapel Rd, Blountville, TN 37617

    View on Map
    • Land
    • 5.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Feathers Chapel Rd

    Lot size
    5.25 lot acres
    Property type
    Land

    Description

    This exceptional 5.25-acre commercial property in Blountville, Tennessee, presents a remarkable investment opportunity. Located on Feathers Chapel Road, the land boasts significant road frontage (606 feet on Feathers Chapel Rd and 555 feet on Hwy 394), offering excellent visibility and accessibility. Its gently sloped terrain is cleared and ready for development. The property's B3 PBD zoning allows for a variety of commercial and potentially residential uses. Situated conveniently near Bristol Motor Speedway (4 miles) and the Hard Rock Casino (15 miles), this location also benefits from proximity to Bristol, Kingsport, and Johnson City (within 10-15 minutes). Public water and sewer are readily available at the road. The lot dimensions are approximately 606 x 412 x 555 x 393 feet, totaling 228,690 square feet. The asking price is $379,900, translating to $72,362 per acre. This property offers unparalleled potential for a wide range of development projects, capitalizing on its strategic location and desirable features. The APN is 066 092.10. All information is believed to be accurate but should be independently verified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blountville
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.3018
    Latitude
    36.5216

    Comparable in this City

    • Value Estimation by Request
      160.00 Acres

      100 Cargo Center Dr

      Land
      100 Cargo Center Dr, Blountville, TN 37617
      View Details
    • Value Estimation by Request
      43.20 Acres

      394 And I-81

      Land
      394 And I-81, Blountville, TN 37617
      View Details
    • Value Estimation by Request
      5.28 Acres

      Tn-75

      Land
      0 Tn-75, Blountville, TN 37617
      View Details
    • Value Estimation by Request
      5.44 Acres

      Millennium Dr

      Land
      0 Millennium Dr, Kingsport, TN 37617
      View Details
    • Value Estimation by Request
      11.30 Acres

      2020 Tn-75

      Land
      2020 Tn-75, Blountville, TN 37617
      View Details
    • Value Estimation by Request
      22.47 Acres

      Hwy-126

      Land
      0 Hwy-126, Blountville, TN 37617
      View Details

    Similar Nearby for Sale

    • $456,500
      5.44 Acres

      I-81 & Airport Pkwy Land

      5.44 Acres, Highway Commercial Land
      0 Millennium Dr, Kingsport, TN 37617
      View Details
    • $125,000
      3.77 Acres

      Land with Metal Building

      3.77 acres with creek and metal building in Blountville.
      993 Highway 75, Blountville, TN 37617
      View Details
    • $125,000
      164,221 SF

      Land with Creek and Building

      Almost 4 acres with utilities and metal building.
      993 Highway 75, Blountville, TN 37617
      View Details
    • $236,977
      9.03 Acres

      Blountville Acreage Near Fort Henry

      9.03 acres near Fort Patrick Henry Lake and amenities.
      660 Gottland Shoals Rd, Blountville, TN 37617
      View Details
    • $700,000
      17.62 Acres

      Blountville Land with Road Frontage

      17.62 acres of land with spring and road frontage.
      1390 Island Rd, Blountville, TN 37617
      View Details
    • $69,900
      1.47 Acres

      Unrestricted Lot Near Interstate 81

      1.47-acre unrestricted lot near Interstate 81 and Hwy 126.
      Fairford Ln, Blountville, TN 37617
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for rent at 100 Cargo Center Dr.
      100 Cargo Center Dr, Blountville, TN 37617
      View Details
    • $30,000
      287,496 SF

      6.6 Acre Commercial Site Lease

      6.6 acre commercial site for lease in Blountville, Tennessee.
      354 Shadowtown Rd, Blountville, TN 37617
      View Details
    • $1,000,000
      287,496 SF

      Blountville Commercial Property For Rent

      6.6 acre commercial site near I-81, ideal for storage.
      354 Shadowtown Rd, Blountville, TN 37617
      View Details
    • $8 SF/Yr
      6,756 SF

      Versatile Commercial Building Near I-81

      Flexible commercial space with office, classroom, and warehouse components.
      249 Neal Dr, Blountville, TN 37617
      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.
    Feathers Chapel Rd
    Blountville, TN 37617
    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
    Feathers Chapel Rd, Blountville, TN, 37617
    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!