0 Cherohala Skyway
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 11, 2026 | Sold | ||
| Sold | |||
| Dec 4, 2025 | Listed by Wallace | $125,000 | |
| Listed by Wallace | |||
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Located front and center across from the Tellico River on the famed Cherohala Skyway, this .67 acre vacant lot is full of potential! Situated next to the famous Harley Davidson of Tellico Plains, this byway draws travelers from across the country to experience its sweeping, high-elevation vistas, winding motorcycle and sports car routes, and spectacular fall foliage. Visitors come for scenic drives, trophy trout fishing on the Tellico River, hiking and backpacking, kayaking, and canoeing, and exploring nearby waterfalls and overlooks. One of the area's crown jewels is the stunning Bald River Falls, a dramatic 90-foot cascade that cascades through the heart of Cherokee National Forest and is easily accessible from Tellico River Road (Forest Service Road 210), just six miles from the Cherohala Skyway turnoff. The scenic drive along the Tellico River Road itself is a major draw, winding through large boulders, majestic rock formations, fast-flowing whitewater, and lush green forest, with the river flowing in its natural state since it is not controlled by the TVA. This steady stream of tourists, motorcyclists, car clubs, and outdoor enthusiasts makes Tellico Plains a thriving destination for a vacation home, a new business and remains a strong, reliable market for lodging, dining, and hospitality-focused businesses.
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| Mar 2, 2023 | Listed by Keller Williams Athens | $247,900 | |
| Listed by Keller Williams Athens | |||
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Prime build site on Cherohala and Main Street! This .87-acre double lot sits in the heart of Tellico Plain's charming downtown area and the gateway to the Cherokee National Forest. Public utilities and internet are available.
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| Mar 1, 2022 | Listed by Keller Williams Athens | $117,000 | |
| Listed by Keller Williams Athens | |||
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LOCATION, LOCATION, LOCATION! Prime commercial/retail building site at the beginning of the ever so popular and scenic Cherohala Skyway and Cherokee National Forest in Tellico Plains! Public water, sewer, power, phone, and internet available! Known for it's vast wilderness, the opportunities that come with that, and a multitude of outdoor activities, Tellico Plains has long been a tourist destination that attracts thousands of adventure seekers to the area year after year, and they have to pass these lots while in route to their destinations! Perfect place to create their next reason to visit beautiful Tellico Plains!
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| Jul 16, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017