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

    3299 Lantana Rd Crossville, TN 38572

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant 9,180 SF retail space in Crossville, TN.

    Property size:
    9,180 SF

    Property Features for 3299 Lantana Rd

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    9,180 SF

    We can help!

    Listing Contact
    Justin Sterling
    Justin Sterling

    Listing Agency: NAI Koella | RM Moore Listing Agent: Justin Sterling

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

    Learn more

    Overview

    This exceptional investment opportunity presents a vacant 9,180 square foot retail building located at 3299 Lantana Rd, Crossville, Tennessee, 38572. The property is zoned for commercial use, offering immense flexibility for a variety of retail businesses. Currently vacant, this spacious building boasts a versatile layout designed to maximize functionality and includes abundant natural light. The asking price is $700,000, and the lease type is Absolute NNN. Its prime location in Crossville ensures high visibility and accessibility, capitalizing on the area's growing economy. The building's substantial size provides ample space for retail operations, making it an ideal choice for entrepreneurs seeking a prominent location to establish or expand their business. The commercial zoning allows for diverse business opportunities, further enhancing its investment potential. High visibility from the road ensures maximum exposure to potential customers, driving foot traffic and increasing the chances of success. This property represents a strong investment opportunity in a thriving Tennessee market. The property is situated in Cumberland County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Skin Care Clinic Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Crossville
    County
    Cumberland
    State
    Tennessee
    Longitude
    -85.058537
    Latitude
    35.9092033

    Nearby Similar for Sale

    • New
      $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
    • $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
    • $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
    • $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
    • $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
    • New
      $925,000
      89.21 Acres

      Picturesque Crossville Farmstead with Mountain Views

      89-acre farmstead with mountain views, updated farmhouse, and stocked ponds.
      1038 Newton Ln, Crossville, TN 38572
      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
    • $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
    • New
      Contact for pricing
      5.13 Acres

      Crossville Land with Creek

      5.13 acres featuring creek, pasture, and horse barn.
      365 Wallop Ln, Crossville, TN 38571
      View Details
    • $235,000
      Pending

      Three-Unit Multifamily Investment Opportunity

      Three-unit multifamily property in Crossville, TN, ideal for investors.
      80 Mclarty Ln, Crossville, TN 38555
      View Details
    • $690,000
      4,247 SF

      Crossville Mixed-Use Investment Opportunity

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

    FAQs

    What type of property is this?
    Retail property - Vacant 9,180 SF retail space in Crossville, TN.
    Where is this retail property located?
    The property is located at 3299 Lantana Rd Crossville, TN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 9,180 SF retail building offering ample space.; Commercially zoned for diverse business uses.; High-visibility location for maximum customer exposure.
    (865) 236-1610 Call to check price and availability
    Request Owner's contact information
    3299 Lantana Rd Crossville, TN 38572
    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.
    3299 Lantana Rd
    Crossville, TN 38572
    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
    3299 Lantana Rd Crossville, TN 38572
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Sterling
    Justin Sterling
    Real Estate License ID: 305457
    (865) 236-1610 (865) 531-6400 (865) 777-3030
    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!