900 Air Park Rd Dandridge, TN 37725
This exceptional 102.18-acre commercial property in Dandridge, Tennessee, presents a unique investment opportunity. Located at 900 Air Park Rd, Jefferson County, zip code 37725 (36.0334736, -83.3055731), this expansive land parcel boasts stunning waterfront views on the main channel of Douglas Lake. Nine acres are underwater, adding to the property's unique character. The land features breathtaking mountain views and is situated between two highly desirable subdivisions, offering excellent potential for development. The property's history includes a former airport, presenting possibilities for redevelopment. Existing infrastructure includes city water, underground utilities, and gas. The asking price is $5,350,000, significantly below a recent appraisal. Its convenient location, less than two miles from Interstate 40 exit, ensures easy accessibility. Whether envisioned as a private estate or a lucrative development project, this property offers unparalleled potential. A possible rehab house and existing buildings are also present on the site.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.