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    11201 Chapman Hwy Seymour, TN 37865
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    Property profile & analytics

    11201 Chapman Hwy Seymour, TN 37865

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    • Commercial real estate
    • 1.97 lot acres
    Off-Market
    Property ID
    US80-1913467
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 11201 Chapman Hwy

    Lot size
    1.97 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.97-acre commercial land parcel in Seymour, Tennessee, presents a remarkable development opportunity. Located at 11201 Chapman Hwy, 37865, this FEE SIMPLE property is zoned C-2, offering considerable flexibility for various commercial ventures. Previously utilized as a mobile home park and used car lot, the site currently features eleven vacant mobile homes situated on six shared septic tanks. Each mobile home boasts individual city water meters and electrical utility hookups. The property is being sold "as is." This prime location offers easy access to a thriving retail corridor, with nearby establishments including Walgreens, Food City, McDonald's, Burger King, Little Caesar's Pizza, Taco Bell, Kroger, Sherwin Williams, and Bojangles, among many others. The property's strategic positioning within a rapidly growing area of Seymour, TN, makes it ideal for a multitude of development projects, including multi-family housing, retail spaces, office buildings, RV parks, mobile home parks, or storage facilities. The asking price for this exceptional investment opportunity is $500,000. Don't miss this chance to capitalize on the potential of this highly desirable commercial land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.7603105
    Latitude
    35.8723795

    Comparable in this City

    • Contact for pricing

      Commercial Site on Chapman Highway

      1.59-acre commercial site with frontage on Chapman Highway.
      Chapman Hwy, Seymour, TN 37865
      View Details
    • $289,000

      Chapman Highway Commercial Land Available

      1.59 acre commercial land in high-growth area.
      Chapman Hwy, Seymour, TN 37865
      View Details
    • $224,989
      13.33 Acres

      Seymour Land with Building Sites

      13+ acre property featuring building sites, creek, and pasture.
      230-3 Reagan Branch Rd, Seymour, TN 37865
      View Details
    • $175,000
      1.96 Acres

      Chapman Highway Frontage Land

      1.96 acres of C-2 zoned land with creek frontage.
      Chapman Hwy, Seymour, TN 37865
      View Details
    • $39,900
      0.28 Acres

      Residential Land in Seymour, TN

      Residential lot in a mature subdivision, close to shopping.
      Burns Ln, Seymour, TN 37865
      View Details
    • $44,900
      Pending

      Residential Lot in Hinkle Estates

      Gently sloping lot in established Seymour subdivision, ideal for building.
      Whipporwill Cir, Seymour, TN 37865
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Site on Chapman Highway

      1.59-acre commercial site with frontage on Chapman Highway.
      Chapman Hwy, Seymour, TN 37865
      View Details
    • $289,000

      Chapman Highway Commercial Land Available

      1.59 acre commercial land in high-growth area.
      Chapman Hwy, Seymour, TN 37865
      View Details
    • $224,989
      13.33 Acres

      Seymour Land with Building Sites

      13+ acre property featuring building sites, creek, and pasture.
      230-3 Reagan Branch Rd, Seymour, TN 37865
      View Details
    • $175,000
      1.96 Acres

      Chapman Highway Frontage Land

      1.96 acres of C-2 zoned land with creek frontage.
      Chapman Hwy, Seymour, TN 37865
      View Details
    • $39,900
      0.28 Acres

      Residential Land in Seymour, TN

      Residential lot in a mature subdivision, close to shopping.
      Burns Ln, Seymour, TN 37865
      View Details
    • $44,900
      Pending

      Residential Lot in Hinkle Estates

      Gently sloping lot in established Seymour subdivision, ideal for building.
      Whipporwill Cir, Seymour, TN 37865
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Smoky Mountain Land with Cabins

      Over 40 acres in the Smoky Mountains with cabins.
      1566 Hawk Ln, Seymour, TN 37865
      View Details
    • $36,000

      Prime Retail Pad Location

      Commercial land for lease in rapidly growing Seymour, Tennessee.
      10241 Chapman Hwy, Seymour, TN 37865
      View Details
    • Contact for pricing

      High-Visibility Office/Retail Space Available

      Functional office/retail space with high traffic and signage opportunity.
      11729 Chapman Hwy, Seymour, TN 37865
      View Details
    • Contact for pricing
      9,925 SF

      Spacious Office/Medical Ready for Rent

      Office/Medical space featuring 8 offices, 2 kitchens, and conference room.
      319 Blue Peacock Way, Seymour, TN 37865
      View Details
    • $2,450,000

      Restaurant Space in Seymour, TN

      Full-service restaurant space with ample parking and updated infrastructure.
      10321 Chapman Hwy, Seymour, TN 37865
      View Details
    • $32 SF/Yr

      Restaurant Space in Seymour, TN

      Full-service restaurant space for lease in Seymour, Tennessee.
      10321 Chapman Hwy, Seymour, TN 37865
      View Details
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    Seymour, TN 37865
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    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
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