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    1735 Tazewell Pike Corryton, TN 37721
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    Property profile & analytics

    1735 Tazewell Pike, Corryton, TN 37721

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    • Commercial real estate
    • 3.00 lot acres
    Off-Market
    Property ID
    US80-1098489
    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 1735 Tazewell Pike

    Lot size
    3.00 lot acres
    Property type
    Commercial real estate
    APN
    087084 01403

    Description

    This exceptional 3-acre parcel of land, located at 1735 Tazewell Pike in Corryton, Tennessee, presents a unique opportunity for residential development. Zoned for residential use, this property offers ample space for a single-family home or a custom-designed estate. The land is conveniently situated in Union County, Tennessee, with a zip code of 37721, and boasts a desirable location with coordinates 36.1723435 latitude and -83.8044742 longitude. The asking price for this expansive property is $185,000, translating to a price per acre of $61,666. The property's APN is 087084 01403. This vacant land is ready for immediate development, providing a blank canvas for your dream home. Buyers will appreciate the significant acreage and the potential for creating a private and tranquil living environment. The property's size and location make it an attractive investment for those seeking a peaceful setting while remaining conveniently located. Serious inquiries are encouraged to explore this remarkable opportunity to build in a desirable area. Don't miss out on this chance to own a substantial piece of land in a growing community.

    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
    Corryton
    County
    Union
    State
    Tennessee
    Longitude
    -83.8044742
    Latitude
    36.1723435

    Comparable in this City

    • Contact for pricing

      4.29 Acres Commercial Land

      4.29 acres of commercial land for sale.
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      Ready-to-Build Lot with Workshop

      Level lot with workshop near Gibbs High School.
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      Corner Land Parcel For Sale

      Highly visible 1.37-acre corner lot near retail and schools.
      7509 E Emory Rd, Corryton, TN 37721
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    • $99,000

      Land Available in Knox County

      Land for sale in Corryton, Tennessee.
      7639 Gibbs Rd, Corryton, TN 37721
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    • $2,100,000
      41.75 Acres

      Corryton Land Development Opportunity

      41.752 acres in Corryton, Tennessee, ideal for development.
      Shannon Hills Rd, Corryton, TN 37721
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    • New
      $159,000
      2.25 Acres

      Corryton Land Ready to Build

      2.25 acre lot with utilities ready for dream home.
      8012 Corryton Rd, Corryton, TN 37721
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    Similar Nearby for Sale

    • Contact for pricing

      4.29 Acres Commercial Land

      4.29 acres of commercial land for sale.
      7304 Tazewell Pike, Knoxville, TN 37721
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    • Contact for pricing

      Highly Visible Land for Sale

      1.37 acres near retail neighbors and schools.
      7509 E Emory Rd, Corryton, TN 37721
      View Details
    • New
      $55,000
      0.50 Acres

      Corryton, TN Land For Sale

      Land available in Corryton, Tennessee, Knox County.
      Rutledge Pike, Corryton, TN 37721
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    • $90,000
      0.72 Acres

      Ready-to-Build Lot with Workshop

      Level lot with workshop near Gibbs High School.
      Gibbs Rd, Corryton, TN 37721
      View Details
    • Contact for pricing

      Corner Land Parcel For Sale

      Highly visible 1.37-acre corner lot near retail and schools.
      7509 E Emory Rd, Corryton, TN 37721
      View Details
    • $99,000

      Land Available in Knox County

      Land for sale in Corryton, Tennessee.
      7639 Gibbs Rd, Corryton, TN 37721
      View Details
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    Corryton, TN 37721
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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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