Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18.5 Acres Wears Vly Rd Townsend, TN 37882
    Back to Search
    Property profile & analytics

    18.5 Acres Wears Vly Rd Townsend, TN 37882

    View on Map
    • Commercial real estate
    For Sale
    $499,900
    View Listing →
    Wears Valley Road Land Parcel For Sale
    $499,900
    18.50 Acres

    Wears Valley Road Land Parcel

    18.5 acres of land with building sites in Townsend, TN.

    18.5 acres Wears Valley Rd, Townsend, TN 37882
    View Listing
    Property ID
    US80-3228678
    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 18.5 Acres Wears Vly Rd

    Property type
    Commercial real estate

    Description

    This exceptional 294+-acre property presents a unique mixed-use development opportunity in Townsend, Tennessee. Bordering the Great Smoky Mountains National Park, this land boasts a prime location within a high-density tourist destination. The expansive acreage includes a diverse range of existing structures, enhancing its development potential. These structures comprise a main house, a main barn, a pond, a gallery, a log cabin, a hay barn, the Burns White House, the Burns Brick House, the Henry House, and the Inez Burns Log Cabin. Furthermore, the property benefits from established infrastructure, including a road, parking lot, wells, and fencing. This remarkable offering provides a rare chance to capitalize on the area's thriving tourism industry and create a significant development in a breathtaking natural setting. The asking price for this substantial land parcel is $14,500,000. This property is zoned for both commercial and residential use, offering flexibility for a variety of development plans. The existing structures offer potential for renovation or repurposing, adding value and versatility to the project. The combination of natural beauty, existing infrastructure, and strategic location makes this a truly exceptional investment opportunity.

    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
    Townsend
    County
    Blount
    State
    Tennessee
    Longitude
    -83.708641
    Latitude
    35.692126

    Comparable in this City

    • Contact for pricing
      8,940 SF

      Townsend Multifamily Investment Opportunity

      16-unit multifamily property near Great Smoky Mountains National Park.
      7052 E Lamar Alexander Pkwy, Townsend, TN 37882
      View Details
    • $1,375,000

      Townsend Multifamily Investment Opportunity

      16-unit multifamily property near Great Smoky Mountains National Park.
      7052 E Lamar Alexander Pkwy, Townsend, TN 37882
      View Details
    • $100,000
      Pending

      RV Lot in Big Valley

      Deeded RV lot with amenities near Smoky Mountains National Park.
      758 Big Valley Blvd, Townsend, TN 37882
      View Details
    • $1,375,000

      Townsend Sixteen-Unit Multifamily Investment

      16-unit multifamily property near Great Smoky Mountains National Park.
      7052 E Lamar Alexander Pkwy, Townsend, TN 37882
      View Details
    • $100,000
      0.06 Acres

      RV Lot in Sundown Resort

      Well-appointed RV lot near Great Smoky Mountains National Park.
      State Highway 73, Townsend, TN 37882
      View Details
    • $2,995,000
      13,121 SF

      Smoky Mountain Resort Opportunity

      20.86-acre resort with eight cabins and expansion potential.
      460 Boat Gunnel Rd, Townsend, TN 37882
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,940 SF

      Townsend Multifamily Investment Opportunity

      16-unit multifamily property near Great Smoky Mountains National Park.
      7052 E Lamar Alexander Pkwy, Townsend, TN 37882
      View Details
    • $1,375,000

      Townsend Multifamily Investment Opportunity

      16-unit multifamily property near Great Smoky Mountains National Park.
      7052 E Lamar Alexander Pkwy, Townsend, TN 37882
      View Details
    • $100,000
      Pending

      RV Lot in Big Valley

      Deeded RV lot with amenities near Smoky Mountains National Park.
      758 Big Valley Blvd, Townsend, TN 37882
      View Details
    • $1,375,000

      Townsend Sixteen-Unit Multifamily Investment

      16-unit multifamily property near Great Smoky Mountains National Park.
      7052 E Lamar Alexander Pkwy, Townsend, TN 37882
      View Details
    • $100,000
      0.06 Acres

      RV Lot in Sundown Resort

      Well-appointed RV lot near Great Smoky Mountains National Park.
      State Highway 73, Townsend, TN 37882
      View Details
    • $2,995,000
      13,121 SF

      Smoky Mountain Resort Opportunity

      20.86-acre resort with eight cabins and expansion potential.
      460 Boat Gunnel Rd, Townsend, TN 37882
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near National Park

      Retail property in Trillium Cove Shopping Village, near Smoky Mountains.
      141 Painted Trillium Way, Townsend, TN 37882
      View Details
    • Contact for pricing

      Townsend Retail/Office Opportunity

      Well-maintained 3412 sq ft building near Smoky Mountains National Park.
      7835 E Lamar Alexander Pkwy, Townsend, TN 37882
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18.5 Acres Wears Vly Rd
    Townsend, TN 37882
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18.5 Acres Wears Vly Rd, Townsend, TN, 37882
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!