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    Exit Rocky Top Realty

    2348 N.Main Street, Crossville, TN 38555
    (931) 456-2903
    Web Site
    Size: under 10 agents

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    Property Types

    • Residential Multi Family
    • Land

    Listings

    For Sale (14)

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    Lakefront Lot in Lake Tansi
    $89,000
    0.50 Acres

    Lakefront Lot in Lake Tansi

    Half-acre lakefront lot with amenities in Lake Tansi Community.

    9435 Cherokee Trl, Crossville, TN 38572
    View details
    Crossville Land For Sale
    $475,000
    1.03 Acres

    Crossville Land For Sale

    One-acre lot on high-traffic road in Crossville, Tennessee.

    1215 Ave W, Crossville, TN 38555
    View details
    Lake Community Investment Opportunity
    $225,000
    1.56 Acres

    Lake Community Investment Opportunity

    Package of 12 lots near Watts Bar Lake.

    Lakeville Dr, Spring City, TN 37381
    View details
    95 Acres Unrestricted Land
    $699,000
    0.00 Acres

    95 Acres Unrestricted Land

    95.43 acres of unrestricted land near Cookeville, Tennessee.

    95.43 Sheep Blf Rd, Cookeville, TN 38506
    View details
    Crossville Land For Sale
    $450,000
    0.00 Acres

    Crossville Land For Sale

    5.6 acres on Main St near I-40 exit 317.

    N Main St, Crossville, TN 38555
    View details
    Crossville Land For Sale
    $450,000
    4.80 Acres

    Crossville Land For Sale

    4.8+/- acres on Main St, high traffic area.

    N Main St, Crossville, TN 38555
    View details
    Crossville, TN Land For Sale
    Contact for pricing
    0.26 Acres

    Crossville, TN Land For Sale

    Land available with utilities on street in Crossville, Tennessee.

    614 Catawba Ln, Crossville, TN 38572
    View details
    95+ Acres Unrestricted Land
    $699,000
    95.43 Acres

    95+ Acres Unrestricted Land

    95.43 acres of unrestricted land in Cookeville, Tennessee.

    95.43 Acre Sheep Blf Rd, Cookeville, TN 38506
    View details
    60 Acres Wooded Land
    $499,000
    60.00 Acres

    60 Acres Wooded Land

    60+/- acres of wooded land, convenient location, building potential.

    60 +/- Ac Jim Garrett Rd, Monterey, TN 38574
    View details
    Gently Sloping Land For Sale
    $200,000
    4.00 Acres

    Gently Sloping Land For Sale

    Four acre lot suitable for residential or commercial development.

    Bob Tollett Loop, Crossville, TN 38555
    View details
    Secluded Mountain Land in Cookeville
    $599,000
    44.00 Acres

    Secluded Mountain Land in Cookeville

    44 acres of unrestricted, private wooded Tennessee mountain land.

    44 Acres Sheep Blf Rd, Cookeville, TN 38506
    View details
    LAND - Crossville, TN
    Contact for pricing
    0.26 Acres

    LAND - Crossville, TN

    Residential land & home lots

    1134 Mohave Dr, Crossville, TN 38572
    View details
    Established Tax Business For Sale
    $215,000

    Established Tax Business For Sale

    Successful tax business for sale with client list and equipment.

    1307 Washington Blvd, Williamsport, PA 17701
    View details
    Crossville Commercial Land For Sale
    Contact for pricing

    Crossville Commercial Land For Sale

    1.3 acre commercial land with road frontage.

    1560 N Main St, Crossville, TN 38555
    View details

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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
    Exit Rocky Top Realty
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