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    Spring City Land with Lakeview
    $114,900
    0.87 Acres

    Spring City Land with Lakeview

    Gated subdivision with boat slips and stunning lake view.

    140 Quail Holw Cv, Spring City, TN 37381
    View details
    Versatile Commercial Building in Carthage
    $228,000
    3,900 SF

    Versatile Commercial Building in Carthage

    3,900 sq ft commercial building with high visibility.

    135 Dixon Springs Hwy, Carthage, TN 37030
    View details
    Residential Lot in Athens, TN
    $30,000
    0.48 Acres

    Residential Lot in Athens, TN

    0.48 acre lot in desirable Athens subdivision.

    Shadows Lawn Dr, Athens, TN 37303
    View details
    Residential Lot in Athens, TN
    $39,900
    1.16 Acres

    Residential Lot in Athens, TN

    1.16 acre lot with city water near town.

    County Road 119, Athens, TN 37303
    View details
    Historic Mixed-Use Building in Athens
    $394,000
    3,067 SF

    Historic Mixed-Use Building in Athens

    Spacious 1930s building in downtown Athens, Tennessee.

    203 W Washington Ave, Athens, TN 37303
    View details
    Land on Highway 11
    $159,900
    4.00 Acres

    Land on Highway 11

    4 +/- acre land parcel ready for residential development.

    Highway 11, Athens, TN 37303
    View details
    La Follette Land with Mountain Views
    $95,900
    0.84 Acres

    La Follette Land with Mountain Views

    Nearly one-acre level lot in gated community near Appalachian Trail.

    Chimney Rock Ln, La Follette, TN 37766
    View details
    Palmersville Income-Producing Poultry Farm
    $3,395,000
    84,000 SF

    Palmersville Income-Producing Poultry Farm

    32.7-acre farm with breeder poultry houses and equipment.

    1639 Emerson Rd, Palmersville, TN 38241
    View details
    Pikeville, TN Land with Views
    Contact for pricing
    2.97 Acres

    Pikeville, TN Land with Views

    2.97-acre lot with mountain views, ideal for residence or retreat.

    83 Stone Rdg Rd, Pikeville, TN 37367
    View details
    Pikeville, TN Mountain View Land
    $45,900
    6.58 Acres

    Pikeville, TN Mountain View Land

    6.58 acre lot with mountain views near downtown Pikeville.

    32 33, Pikeville, TN 37367
    View details
    Unrestricted Acreage with Mountain Views
    $249,000
    27.00 Acres

    Unrestricted Acreage with Mountain Views

    27 acres of unimproved land with mountain views and road frontage.

    1397 County Road 609, Etowah, TN 37331
    View details
    Pikeville, TN Mountain View Land
    $39,300
    5.61 Acres

    Pikeville, TN Mountain View Land

    5.61 acre wooded lot with mountain views near Pikeville.

    Fox Rdg, Pikeville, TN 37367
    View details

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    Crye-Leike of Chattanooga
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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
    Crye-Leike of Chattanooga
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