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    2828 Morganton Rd Maryville, TN 37801
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    2828 Morganton Rd, Maryville, TN 37801

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    • Land
    For Sale
    $2,745,000
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    Prime Development Opportunity in Maryville For Sale
    $2,745,000
    12.00 Acres

    Prime Development Opportunity in Maryville

    12-acre site near Maryville, TN, with development potential.

    2828 Morganton Rd, Maryville, TN 37801
    View Listing
    Property ID
    US80-0447877
    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

    • Land

    Property Details for 2828 Morganton Rd

    Property type
    Land

    Description

    Located in the growth pattern of Blount County, this 12 acre site at the corner of Morganton Road and William Blount Drive (Hwy 335) is being touted as a prime development opportunity. Sitting just outside Maryville city limits, this area has already seen expansive infrastructure improvements and provides easy access to new developments such as "The Reserve at Maryville," Norwood Village, and the new Amazon, Smith & Wesson, and Denso facilities. Morganton Road will soon be made into a three lane road with a new intersection, adding to the property's already great accessibility.

    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
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -84.0312377
    Latitude
    35.7298122

    Comparable in this City

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      Land in Serene Country Setting

      Five acres in Blount County, ideal for building or investment.
      1220 Floyd Walker Rd, Maryville, TN 37801
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    • $320,000

      Land Available in Maryville, TN

      Land for sale at 5907 Bingham Lane, Maryville, TN
      5907 Bingham Ln, Maryville, TN 37801
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    • $2,750,000

      Highway Frontage Land For Sale

      Land for sale with highway frontage near Maryville, Tennessee.
      4217 Us Highway 411, Maryville, TN 37801
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    • $759,900
      32.23 Acres

      Large Acreage with Mountain Views

      32.23-acre tract in Maryville, TN with mountain views.
      Calderwood Hwy, Maryville, TN 37801
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    • $674,900
      Pending

      Unrestricted Mountain View Land Parcel

      11-acre Maryville, TN property with panoramic mountain views.
      2102 Calderwood Hwy, Maryville, TN 37801
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    • $449,900
      10.14 Acres

      Unrestricted Acreage in East Tennessee

      Private, secluded 10-acre property with utilities and approved septic.
      7647 Tomotley Rd, Maryville, TN 37801
      View Details

    Similar Nearby for Sale

    • $229,900
      5.04 Acres

      Land in Serene Country Setting

      Five acres in Blount County, ideal for building or investment.
      1220 Floyd Walker Rd, Maryville, TN 37801
      View Details
    • $320,000

      Land Available in Maryville, TN

      Land for sale at 5907 Bingham Lane, Maryville, TN
      5907 Bingham Ln, Maryville, TN 37801
      View Details
    • $2,750,000

      Highway Frontage Land For Sale

      Land for sale with highway frontage near Maryville, Tennessee.
      4217 Us Highway 411, Maryville, TN 37801
      View Details
    • $759,900
      32.23 Acres

      Large Acreage with Mountain Views

      32.23-acre tract in Maryville, TN with mountain views.
      Calderwood Hwy, Maryville, TN 37801
      View Details
    • $674,900
      Pending

      Unrestricted Mountain View Land Parcel

      11-acre Maryville, TN property with panoramic mountain views.
      2102 Calderwood Hwy, Maryville, TN 37801
      View Details
    • $449,900
      10.14 Acres

      Unrestricted Acreage in East Tennessee

      Private, secluded 10-acre property with utilities and approved septic.
      7647 Tomotley Rd, Maryville, TN 37801
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land Build-to-Suit Opportunity

      4.89 acre flexible manufacturing or development site for lease.
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      Premium Commercial Lots on Hwy 411

      Highly visible commercial lots available for lease on Hwy 411.
      2928 Us Highway 411, Maryville, TN 37801
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    • $8 SF/Yr
      72,000 SF

      Big Springs Industrial Park Site

      Flexible manufacturing or development site for lease in Maryville.
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    • $20 SF/Yr

      Premier Shopping Destination in Maryville

      Retail spaces available in Foothills Mall, Maryville, Tennessee.
      197 Foothills Mall Dr, Maryville, TN 37801
      View Details
    • Contact for pricing

      Retail Space on Highway 411

      Retail and restaurant space in high-traffic area near Walmart.
      000 S Us Highway 411, Maryville, TN 37801
      View Details
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    2828 Morganton Rd
    Maryville, TN 37801
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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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    2828 Morganton Rd, Maryville, TN, 37801
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