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    7545 Cedar Creek Rd Greeneville, TN 37743

    Sponsored
    For Sale
    $1,100,000

    MULTI_FAMILY - Contemporary - Greeneville, TN

    Property size:
    3,076 SF
    Lot size:
    37.71 Acres
    Days on Market:
    38
    Last Refresh:
    Jan 27 at 5:06 pm

    Property Features for 7545 Cedar Creek Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows, Insulated Windows
    Zoning
    A-1
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Basement, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1
    Bedrooms
    5
    APN
    171 048.00
    Parking features
    Carport, Driveway
    Patio and Porch features
    Porch
    Interior features
    Eat-in Kitchen, Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
    Basement
    Walk-Out Access, Block, Partially Finished, Partial, Exterior Entry, Interior Entry, Full
    Appliances
    Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
    Size
    3,076 SF
    Lot size
    37.71 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Heat Pump
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    3
    Number of units
    9
    Flooring type
    Tile, Laminate, Vinyl
    Building materials
    Concrete, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Contemporary
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Lucia Fillers

    Preferred Properties of East Tennessee Inc. (423) 783-0051

    Listing agent Lucia Fillers (423) 552-8278 License #269006

    Listing date Dec 21, 2025

    MLS# 9985147 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. 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

    Farmhouse with Mountain Views

    This property features a modern farmhouse situated on 37.71 acres, offering mountain views and a second residence or rental opportunity. The main house has a no-step entry and includes spacious rooms, 2.5 baths, an open loft bedroom, and a private office. A wrap-around 12-foot porch surrounds three sides of the house. The great room features a 17-foot ceiling. The kitchen is equipped with a Heartland propane stove, oak cabinetry, Corian countertops, and instant hot water. The main-level primary bedroom includes a bath and walk-in closet, with a flex room connecting the closet to the mudroom. An attached three-car carport provides parking. The finished basement area, with a private entrance and full bath with a step-in jetted tub, offers multiple possibilities, while the unfinished portion is suitable for storage, hobbies, or exercise. The property includes a metal roof (2 years old), a heat pump (1 year old), and an owned propane tank. The partially wooded acreage is fenced and has cross-fenced pastures, along with four exterior water spigots and a cattle water station. Pear, pawpaw, apple, and fig trees, as well as blueberry and blackberry bushes, are present, along with a perennial flower garden and a kitchen garden. Additional structures include a 40x60 insulated metal building with two oversized garage doors, two large workbenches, and stubbed for water. The second residence is a fully furnished 2005 14x48 mobile home featuring a new metal roof, 2 bedrooms, 1 bath, a full front deck with mountain views, and a 12x20 shed for storage. The property is located approximately 1/3 mile from the road and includes a fenced yard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.96796
    Latitude
    36.018843

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    FAQs

    What type of property is this?
    Farm - Farmhouse on 37+ acres with a second residence/rental.
    Where is this farm located?
    The property is located at 7545 Cedar Creek Rd Greeneville, TN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - 37+ acres of serene countryside with incredible mountain views and a main house set back 1/3 mile from the road.; - Second residence (2BR/1BA furnished mobile home) provides rental income potential or guest accommodations.; - 40x60 insulated metal building with oversized garage doors and workbenches, stubbed for water, offers workshop or storage space.
    (423) 552-8278
    Request Owner's contact information
    7545 Cedar Creek Rd Greeneville, TN 37743
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    Greeneville, TN 37743
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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
    7545 Cedar Creek Rd Greeneville, TN 37743
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    We can help!
    Listing Contact
    Lucia Fillers
    Real Estate License ID: 269006
    (423) 552-8278
    Learn more
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