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    Crossville Commercial Building with Apartments Title is generated by Realmo AI

    801 Peavine Rd., Crossville, TN 38571

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    For Sale
    $690,000

    COMMERCIAL - Crossville, TN

    Property size:
    4,247 SF
    Lot size:
    0.55 Acres
    Price / SF:
    $162/SF
    Added:
    Mar 20, 2026
    Days on Market:
    56
    Last Refresh:
    May 14 at 3:06 pm

    Property Features for 801 Peavine Rd.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    034
    Size
    4,247 SF
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3129

    Utilities

    Heating system
    Heat Pump (Heating), Natural Gas, Baseboard, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    6
    Building materials
    Frame, Brick, Vinyl Siding
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Lori Buck
    Lori Buck

    Listing agent Lori Buck License #300107

    Listing office Highlands Elite Real Estate LLC - Crvl 298 Crabtree Rd., Crossville, TN

    Listing date Mar 20, 2026

    MLS# 241936

    Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on Peavine Road with high visibility.
    • Mix of commercial and residential rental units for diversified income.
    • Three commercial rental suites with potential to create more spaces.
    • Three long‑term residential apartments at basement level.
    • Recent renovations to most spaces within the last 5 years.
    • Tenants pay all utilities except water.

    Overview

    This commercial building is located in Crossville, TN, on Peavine Road. The property includes three commercial rental suites and three long-term rental apartments. Tenants are responsible for all utilities, excluding water. The commercial spaces have the potential to be separated to create additional rental units. One commercial space is currently available for rent. All current tenants are in good standing on their leases. With the exception of the middle space, which houses a dry cleaner, all spaces have been renovated within the last five years. The basement level features three residential apartments, including two one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. These apartments were also renovated within the last five years. Additionally, there are two storage rooms in the basement, one of which has washer and dryer hookups. The property is situated on a 0.5477-acre lot and the building size is 4,247 square feet.
    Location Intelligence

    Current Use by Public Records

    Jo´s Barber Shop Barber Shop Gina Konopka Affiliate ... Real Estate Agency Lunar Beauty Hair Salon Daugherty's Cleaners, LLC (Bike/Boat/Book/etc) Store ERA Venture Real ... Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Crossville
    County
    Cumberland
    State
    Tennessee
    Longitude
    -84.9789068
    Latitude
    35.9674574

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial building with rental suites and apartments in Crossville, TN.
    Where is this mixed-use property located?
    The property is located at 801 Peavine Rd. Crossville, TN.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: Prime location on Peavine Road with high visibility.; Mix of commercial and residential rental units for diversified income.; Three commercial rental suites with potential to create more spaces.
    (931) 260-0448
    We can help!
    Listing Contact
    Lori Buck
    Lori Buck
    Real Estate License ID: 300107
    Learn More
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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.

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