Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    123 Hamlet Dr Crossville, TN 38558

    Sponsored
    Picture of Land at Hamlet Dr 123, Crossville, TN
    For Sale
    Contact for pricing

    LAND - Crossville, TN

    Lot size:
    0.24 Acres
    Days on Market:
    85
    Last Refresh:
    Feb 9 at 6:06 am

    Property Features for 123 Hamlet Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    077P Q 014.00
    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Johnny B. Reeves
    Johnny B. Reeves

    Berkshire Hathaway HomeServices Southern Realty (931) 707-7800

    Listing agent Johnny B. Reeves (931) 707-5159

    Listing date Nov 17, 2025

    MLS# 1303617 Listing URL

    Copyright © 2025 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land in Fairfield Glade

    This 0.24-acre building lot is located in Fairfield Glade, Crossville, Tennessee. The property includes utilities and amenities. Buyers should independently verify the availability of utilities and confirm the dimensions of the lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crossville
    County
    Cumberland
    State
    Tennessee
    Longitude
    -84.908739
    Latitude
    35.99378

    Nearby Similar for Sale

    • New
      $1,225,000
      2,400 SF

      Crossville Ranch with Two Homes

      16.20 acre ranch featuring two custom-built homes and outbuildings.
      113 Allen Way, Crossville, TN 38572
      View Details
    • New
      $729,000
      0.74 Acres

      Renovated Mixed-Use Property, Crossville, TN

      Charming home and commercial building near I-40, great exposure.
      4529 Highway 127 N, Crossville, TN 38571
      View Details
    • $725,000
      6,891 SF

      Crossville Commercial Property with Storage

      Established business with storage units near I-40 in Crossville.
      5134 Highway 127 N, Crossville, TN 38571
      View Details
    • $1,500,000
      9,000 SF

      Crossville Industrial Warehouse on Acres

      9,000 SF warehouse on 8.5 acres near city limits.
      169 Greystone Dr, Crossville, TN 38571
      View Details
    • $795,000
      8,628 SF

      Prime Commercial Space in Crossville

      9,000 SF building ideal for office, retail, or medical.
      456 N Main St, Crossville, TN 38555
      View Details
    • $895,000
      4,155 SF

      Turnkey Condos in Crossville, TN

      Turnkey condos in a quiet community, great investment opportunity.
      40 Jamestown Ct, Crossville, TN 38555
      View Details
    • $925,000
      89.21 Acres

      Picturesque Crossville Farmstead with Mountain Views

      89-acre farmstead with mountain views, updated farmhouse, and stocked ponds.
      1038 Acres, Crossville, TN 38572
      View Details
    • $280,000
      1,500 SF

      Updated Duplex in Crossville, TN

      Well-maintained duplex with updated units, perfect for investment or owner-occupancy.
      3246 Pow Camp Rd, Crossville, TN 38572
      View Details
    • $350,000
      4,596 SF

      Versatile Commercial Building Near Town

      4,600 sq ft commercial building suitable for diverse uses.
      164 Oak Rd, Crossville, TN 38555
      View Details
    • $450,000
      5,350 SF

      Versatile Commercial Building on Industrial Blvd

      Spacious 5,350 SF commercial building in high-demand industrial area.
      135 Industrial Blvd, Crossville, TN 38555
      View Details
    • $235,000
      1,274 SF

      Three-Unit Multifamily Investment Opportunity

      Three-unit multifamily property in Crossville, TN, ideal for investors.
      80 Mclarty Ln, Crossville, TN 38555
      View Details
    • $1,850,000
      44,800 SF

      Crossville Warehouse with I-40 Visibility

      14.6 acre commercial property with 44,800 SF warehouse.
      28 Interstate Ln, Crossville, TN 38571
      View Details

    FAQs

    What type of property is this?
    Land - Building lot with utilities and amenities in Crossville, Tennessee.
    Where is this land located?
    The property is located at 123 Hamlet Dr Crossville, TN.
    What is the asking price?
    The asking price for this property is $14,500.
    What are key features of this property?
    This property features: - Building lot in Fairfield Glade, ready for your dream home.; - Utilities available for easy hookup.; - Enjoy the available amenities.
    (931) 707-5159
    Request Owner's contact information
    123 Hamlet Dr Crossville, TN 38558
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    123 Hamlet Dr
    Crossville, TN 38558
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    123 Hamlet Dr Crossville, TN 38558
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Johnny B. Reeves
    Johnny B. Reeves
    (931) 707-5159
    Learn more
    Google sign-in failed. Please try again or use another login method.