40 Cowan Town Rd Butler, TN 37640
This exceptional 4.43-acre commercial lot, located at Lot 40 Cowan Town Road, Butler, TN 37640 (APN 097 111.00), is priced at $119,900 ($27,065.46/acre). Zoned for residential use, this property presents a unique opportunity for development. The land boasts a gentle, south-facing slope offering stunning views of the southern mountains. Minimal clearing of light brush is needed to prepare for construction. The property is part of an HOA, providing access to a common area with a boat launch directly onto Watauga Lake, one of the top three cleanest lakes on the East Coast. HOA fees are $125 per month and include access to amenities such as a volleyball court and picnic area by the lake. Buyers are responsible for verifying all information.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.