Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    656 Interstate Dr Crossville, TN 38555

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $7,250,000

    260,000 SF industrial property on 49 acres near I-40.

    Property size:
    260,000 SF
    Lot size:
    49.37 Acres

    Property Features for 656 Interstate Dr

    General Information

    Standard status
    Pending
    Size
    260,000 SF
    Lot size
    49.37 Acres

    We can help!

    Listing Contact
    Jamie Brandenburg
    Jamie Brandenburg
    Source: Exitrealty

    Listing Agency: Compass Commercial Listing Agent: Jamie Brandenburg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Extensive Industrial Property on I-40

    This extensive property features 260,000 square feet across six buildings, situated on over 49 acres. The six buildings occupy approximately 22 acres, with around 27 acres positioned along I-40, offering potential for additional industrial development. Formerly a wood/lumber processing facility, the property provides access to Cookeville, Knoxville and Crossville. Showings begin March 20, 2024, with all offers due April 3, 2024.
    Location Intelligence

    Current Use by Public Records

    Crossville Hardwoods Building Supply

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Crossville
    County
    Cumberland
    State
    Tennessee
    Longitude
    -85.022287
    Latitude
    35.983689

    Nearby Similar for Sale

    • $425,000
      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
    • $349,000
      2,820 SF

      Profitable Restaurant Opportunity in Crossville

      Family-friendly restaurant with RV lots and expansion potential.
      13215 Highway 70 N, Crossville, TN 38571
      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
    • $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
    • $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
    • $1,999,000
      13,128 SF

      Crossville Office Buildings on Corner Parcel

      Two office buildings on a 3.35-acre corner lot.
      236 Miller Ave, Crossville, TN 38555
      View Details
    • $1,599,900
      13,128 SF

      Crossville Office Buildings For Sale

      Two office buildings on 3.35 acres with ample parking.
      236 Miller Ave, Crossville, TN 38555
      View Details
    • $1,400,000
      8,364 SF

      Prime Commercial Frontage Opportunity

      Two commercial buildings in high-traffic Crossville location.
      2627 N Main St, Crossville, TN 38555
      View Details
    • $1,500,000
      9,000 SF

      Industrial Warehouse on 8.5 Acres

      9,000 sq ft warehouse on 8.5 acres near city.
      169 Greystone Dr, Crossville, TN 38571
      View Details
    • $925,000
      89.21 Acres

      Picturesque Crossville Farmstead with Mountain Views

      89-acre Tennessee farmstead with mountain views, ponds, and updated farmhouse.
      1038 Newton Ln, Crossville, TN 38572
      View Details
    • $690,000
      4,247 SF

      Crossville Commercial Building with Apartments

      Commercial building with rental suites and apartments in Crossville, TN.
      801 Peavine Rd, Crossville, TN 38571
      View Details
    • $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

    FAQs

    What type of property is this?
    Industrial property - 260,000 SF industrial property on 49 acres near I-40.
    Where is this industrial property located?
    The property is located at 656 Interstate Dr Crossville, TN.
    What is the asking price?
    The asking price for this property is $7,250,000.
    What are key features of this property?
    This property features: - Prime location with 27 acres along I-40 suitable for additional industrial development.; - Extensive property size: **260,000 square feet across six buildings on 49+ acres.**; - Easy access to Cookeville, Knoxville, and Crossville.
    (615) 475-5616
    Request Owner's contact information
    656 Interstate Dr Crossville, TN 38555
    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.
    656 Interstate Dr
    Crossville, TN 38555
    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
    656 Interstate Dr Crossville, TN 38555
    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
    Jamie Brandenburg
    Jamie Brandenburg
    Real Estate License ID: 344013
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!