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    6219 Outlook Trl Russellville, TN 37860
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    6219 Outlook Trl Russellville, TN 37860

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    • Commercial real estate
    • 0.61 lot acres
    For Sale
    $53,600
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    Residential Lot in Turner's Landing For Sale
    $53,600
    0.61 Acres

    Residential Lot in Turner's Landing

    Residential lot with community amenities in Russellville, Tennessee.

    6219 Outlook Trl., Russellville, TN 37860
    View Listing
    Property ID
    US80-1252872
    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 6219 Outlook Trl

    Lot size
    0.61 lot acres
    Property type
    Commercial real estate
    APN
    0115.00

    Description

    This exceptional 0.61-acre commercial land parcel, located at 6219 Outlook Trail in Russellville, Tennessee (zip code 37860), presents a unique investment opportunity. Priced at $53,600, this property boasts a land value of $87,868.85 per acre. Situated within the desirable Turner's Landing community, it offers a tranquil setting amidst mature trees. The lot is zoned for residential use and features convenient access to community amenities. These include a community boat ramp and marina, complete with a tram for easy access. All utilities are underground, encompassing public water and a community sewer system. Cable service is also available. This build-ready lot is ideal for first-time home builders seeking to construct their dream home or for experienced contractors looking to develop a rental property or for resale. The APN is 0115.00. Note that property lines are estimates and not drawn to scale

    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
    Russellville
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.20614
    Latitude
    36.29136

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      Residential Lot with Lake Views

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      Residential Land in Turners Landing

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      Residential Land in Turner's Landing

      1.68-acre residential lot with community amenities in Russellville, TN.
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    • New
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      Residential Land in Lake Community

      1.17-acre lot in a lake community near amenities.
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      View Details

    Similar Nearby for Sale

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      Cherokee Lake Buildable Land

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      Cherokee Lake Waterfront Lot

      Lakefront lot with views and community amenities in Russellville.
      6213 Outlook Trl, Russellville, TN 37860
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      Land with Cherokee Lake Views

      0.57-acre lot with lake views and boat slip.
      2025 Turner Lndg Rd, Russellville, TN 37860
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      Lakefront Lot with Deeded Boat

      Lakefront lot with deeded boat slip on Cherokee Lake.
      2076 Turner Lndg Rd, Russellville, TN 37860
      View Details
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      Residential Land in Turners Landing

      1.6-acre building lot in lakefront community with utilities.
      1983 Turners Landing Rd, Russellville, TN 37860
      View Details
    • $44,900
      1.68 Acres

      Residential Land in Turner's Landing

      1.68-acre residential lot with community amenities in Russellville, TN.
      6312 Turners Pond Trl, Russellville, TN 37860
      View Details
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    Russellville, TN 37860
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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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