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

    11-13 Snodgrass Rd New Tazewell, TN 37825

    • Land
    • 2.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 11-13 Snodgrass Rd

    Lot size
    2.05 lot acres
    Property type
    Land

    Description

    This 2.05-acre commercial land parcel presents a unique opportunity in New Tazewell, Claiborne County, Tennessee (zip code 37825). Located on Snodgrass Road (Lots 11-13), this mostly cleared property offers county-paved road frontage, ensuring convenient accessibility. Utilities are readily available, including public water, electricity, and high-speed fiber internet, providing modern conveniences for a variety of commercial ventures or even a residential development. The property enjoys a tranquil setting amidst the picturesque East Tennessee landscape, offering a blend of seclusion and proximity to amenities. Nearby Norris Lake provides recreational opportunities, while Knoxville, Kentucky, and Virginia are within driving distance, offering access to a wider range of cultural and outdoor activities. The asking price for this exceptional property is $85,000. This is an ideal location for those seeking a peaceful yet accessible setting for their business or development project. The property's location offers a unique combination of natural beauty and modern conveniences, making it a highly desirable investment opportunity. A video showcasing the property is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Tazewell
    County
    Claiborne
    State
    Tennessee
    Longitude
    -83.6259
    Latitude
    36.4452

    Comparable in this City

    • Value Estimation by Request
      10.83 Acres

      4553 Lone Mountain Rd

      Farms • 10.83 Acres
      4553 Lone Mountain Rd, New Tazewell, TN 37825
      View Details
    • Value Estimation by Request

      411 Broad St

      COMMERCIAL (GENERAL)
      411 Broad St, New Tazewell, TN 37825
      View Details
    • Value Estimation by Request
      0.30 Acres

      Main St

      COMMERCIAL (GENERAL) • 0.30 Acres
      Main St, New Tazewell, TN 37825
      View Details
    • Value Estimation by Request
      2.00 Acres

      767 Poore Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      767 Poore Rd, New Tazewell, TN 37825-5139
      View Details
    • Value Estimation by Request
      5,120 SF

      550 Broad St

      COMMERCIAL (GENERAL) • 5,120 SF
      550 Broad St, New Tazewell, TN 37825-6608
      View Details
    • Value Estimation
      $550,000
      2,800 SF

      791 Davis Dr

      COMMERCIAL (GENERAL) • 2,800 SF
      791 Davis Dr, New Tazewell, TN 37825-2157
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Unrestricted Lot in Claiborne County

      Unrestricted 0.43 acre lot with public water access.
      2200 Clouds Rd, New Tazewell, TN 37825
      View Details
    • Contact for pricing

      Land Near Norris Lake

      Cleared land outside city limits, near Norris Lake.
      Walnut Cir, New Tazewell, TN 37825
      View Details
    • New
      $85,500
      0.75 Acres

      Wooded Lot with Lake Vista

      Wooded lot with lake views in established lake community.
      26 Lot Rockfish Pt, New Tazewell, TN 37825
      View Details
    • Contact for pricing
      3.50 Acres

      Land in New Tazewell, TN

      3.5 acres of land for sale in New Tazewell.
      Whistle Valley Rd, New Tazewell, TN 37825
      View Details
    • $75,000
      Pending

      Land Near Norris Lake

      5.12 acres in a quiet, convenient location near Norris Lake.
      Harmon Rd, New Tazewell, TN 37825
      View Details
    • $239,900
      0.12 Acres

      Highway Frontage Land in New Tazewell

      Commercial land with high visibility and city utilities in place.
      409 N Broad St, New Tazewell, TN 37825
      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.
    11-13 Snodgrass Rd
    New Tazewell, TN 37825
    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.