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    For Sale (9)

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    Renovated Lodge with Event Venue
    $995,000
    3,120 SF

    Renovated Lodge with Event Venue

    Boutique lodge with event venue potential near Smoky Mountains.

    3804 Wears Valley Rd, Sevierville, TN 37862
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    Renovated Commercial Property with Income
    $249,000
    756 SF

    Renovated Commercial Property with Income

    Fully renovated commercial property with C-1 zoning and income potential.

    3795 W Andrew Johnson Hwy, Morristown, TN 37814
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    Climate-Controlled Storage Facility on Highway
    $1,400,000
    20,835 SF

    Climate-Controlled Storage Facility on Highway

    20,835 SF climate-controlled storage facility on 2.11 acres.

    3323 Cosby Hwy, Cosby, TN 37722
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    Modern Storage Facility on 6.5 Acres
    $1,595,000
    20,767 SF

    Modern Storage Facility on 6.5 Acres

    Income-producing, climate-controlled storage facility with expansion potential in Morristown, TN.

    3815 W Andrew Johnson Hwy, Morristown, TN 37814
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    Prime I-40 Frontage Land
    $1,590,000
    35.01 Acres

    Prime I-40 Frontage Land

    35-acre tract with high visibility on I-40.

    25 70, Dandridge, TN 37725
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    High-Visibility Commercial Property Near I-40
    $1,690,000
    16.56 Acres

    High-Visibility Commercial Property Near I-40

    16.56-acre commercial property with warehouse and development potential.

    725 Hwy 25 W, Dandridge, TN 37725
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    Renovated Commercial Building Near I-40
    $595,000
    2,848 SF

    Renovated Commercial Building Near I-40

    Move-in ready, multi-use commercial building suitable for various business ventures.

    1010 Highway 25 70, Newport, TN 37821
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    New Custom-Built Warehouse Opportunity
    $1,150,000
    5.02 Acres

    New Custom-Built Warehouse Opportunity

    Customize a 10,000+ SF warehouse on 2.5 acres.

    2030 Hwy 25, Dandridge, TN 37725
    View details
    Aircraft Hangar with Pilot's Lounge
    $835,000
    3,000 SF

    Aircraft Hangar with Pilot's Lounge

    Top-tier aircraft hangar with office and pilot's lounge apartment.

    159 Industrial Park Dr, Sevierville, TN 37862
    View details

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    10 Realty, LLC
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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
    10 Realty, LLC
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