Add Listing
    For Lease
    • 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

    862 Callen Ln NW Cleveland, TN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr

    Office space with high visibility near Interstate 75.

    Type:OFFICE
    Property size:
    2,000 SF
    Lot size:
    2.00 Acres
    Added:
    Nov 29, 2024
    Days on Market:
    488
    Last Refresh:
    Mar 29 at 8:34 pm

    Property Features for 862 Callen Ln NW

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    2.00 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 862 Callen Ln NW Contact us

    We can help!

    Listing Contact
    Kelly Fitzgerald
    Kelly Fitzgerald

    Listing agent Kelly Fitzgerald License ##339695

    Listing office SVN | Second Story RE Management

    Listing date Nov 29, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of SVN | Second Story RE Management

    Overview

    Office Space Near Interstate 75

    This office space is located in a rapidly developing area with excellent access and visibility near Mouse Creek Road and Paul Huff Parkway. The property is directly off Exit 27 North and South of Interstate 75 towards Knoxville. It is situated across the street from a Publix Supermarket. Paul Huff Parkway is a heavily traveled road in the city. The property offers 2,000 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.8766
    Latitude
    35.1595

    Nearby Similar for Lease

    • Contact for pricing

      Cleveland Office Space For Rent

      3000 SF office space centrally located in Cleveland, TN.
      1855 Executive Place NW, Cleveland, TN 37312
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for lease with multiple offices.
      1120 Urbane Road NE, Cleveland, TN 37312
      View Details
    • Contact for pricing

      Furnished Hair Salon for Rent

      Fully furnished hair salon with 8 stations for rent.
      2328 Georgetown Road NW, Cleveland, TN 37311
      View Details
    • Contact for pricing

      Cleveland Commercial Space For Rent

      Commercial space available for lease in Cleveland, Tennessee.
      1011 Peerless Crossing Drive NW, Cleveland, TN 37312
      View Details
    • Contact for pricing

      Class A Office Condo

      Office condo for lease with reception and executive office.
      4160 N Ocoee Street NE, Cleveland, TN 37312
      View Details
    • $35/mo

      Retail Space in Cleveland, TN

      New retail development with suites divisible to 1,200 SF.
      5125 North Lee Highway, Cleveland, TN 37312
      View Details
    • Contact for pricing

      Industrial Space in Cleveland, TN

      Industrial property available for lease in Cleveland, Tennessee.
      2125 Northeast Road SE, Cleveland, TN 37311
      View Details
    • $12/mo

      Adaptable Office Space on Keith

      Divisible office space suitable for various business needs.
      201 Keith St SW, Cleveland, TN 37311
      View Details
    • Contact for pricing

      Industrial Space in Cleveland, TN

      Industrial property available for lease in Cleveland, Tennessee.
      2125 Northeast Road SE, Cleveland, TN 37311
      View Details
    • $19/mo

      Medical/Professional Office Space Available

      Single tenant medical or professional office space for rent.
      1494 Stuart Rd NE, Cleveland, TN 37312
      View Details
    • Contact for pricing

      Versatile Office Space Near Interstate

      Professional office space for lease with excellent accessibility and functionality.
      1600 Clingan Ridge Dr Nw, Cleveland, TN, 37312-3711
      View Details
    • Contact for pricing

      Retail Suite in Cleveland, TN

      Single-tenant retail suite with high visibility and traffic.
      2175 APD 40, Cleveland, TN 37311
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with high visibility near Interstate 75.
    Where is this office units located?
    The property is located at 862 Callen Ln NW Cleveland, TN.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Excellent access and visibility in a rapidly developing area.; Located directly off Interstate 75 (Exit 27).; Across the street from a top‑performing Publix Supermarket.
    (615) 714-6378
    We can help!
    Listing Contact
    Kelly Fitzgerald
    Kelly Fitzgerald
    Real Estate License ID: #339695
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!