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

    Lonnie Reecer Rd Celina, TN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $159,900

    5.6 acres near Celina, TN, with commercial or residential potential.

    Type:LAND
    Lot size:
    5.60 Acres
    Added:
    Jun 11, 2025
    Days on Market:
    295
    Last Refresh:
    Mar 29 at 9:05 pm

    Property Features for Lonnie Reecer Rd

    General Information

    Standard status
    Active
    Lot size
    5.60 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Debra Dodd

    Listing agent Debra Dodd License #275382

    Listing office No. 1 Quality Realty

    Listing date Jun 11, 2025

    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 No. 1 Quality Realty

    Overview

    5.6 Acre Celina Land Parcel

    This 5.6-acre land parcel is located in a sought-after area, one minute from the historical town of Celina, Tennessee. The property can be zoned for commercial, subdivision, or residential use, making it suitable for building several homes. Utilities are available, including electric, public water, natural gas, fiber optics, telephone, and cable. There are no restrictions on the property. The terrain is mostly level and offers mountain views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Celina
    County
    Clay
    State
    Tennessee
    Longitude
    -85.5197
    Latitude
    36.5538

    Nearby Similar for Sale

    • $349,900

      Turn-Key Car Wash Opportunity

      Operating car wash with service bays in Celina, Tennessee.
      1004 E Lake Ave, Celina, TN 38551
      View Details
    • $69,900

      Cumberland River Waterfront Land

      Land with 185' frontage on the Cumberland River.
      27 & 28 Hiawassee Ln, Celina, TN 38551
      View Details
    • $949,900

      51 Acres Near Dale Hollow

      51 acres of land near Dale Hollow Lake.
      00 Proctor Creek Rd, Celina, TN 38551
      View Details
    • $300,000

      Secluded 59 Acres Bordering Kentucky

      Private hunting retreat with abundant wildlife and endless outdoor adventure.
      1551 Star Point Rd, Celina, TN 38551
      View Details
    • $119,900

      Celina Land with River View

      5.52 acres with Cumberland River views near Dale Hollow Lake.
      5.52ac Cabin Hill Rd, Celina, TN 38551
      View Details
    • $49,900

      Wooded Acreage in Celina, Tennessee

      6.7 acres of wooded land near Dale Hollow Lake.
      6.70ac Wet Mill Creek Rd, Celina, TN 38551
      View Details
    • $19,900

      Off-Grid Land in Celina, TN

      Secluded 1-acre wooded lot near Dale Hollow Lake.
      Rock Springs Road lot: 26, Celina, TN 38551
      View Details
    • $19,900

      One Acre Vacant Land Parcel

      One-acre off-grid parcel near Dale Hollow Lake.
      25 Rock Springs Rd, Celina, TN 38551
      View Details
    • $225,000

      Dale Hollow Lake View Land

      10-acre wooded parcel near Dale Hollow Lake with utilities.
      10 AC Jimmy Reneau Rd lot: 1, Celina, TN 38551
      View Details
    • $24,500

      Tennessee Vacant Land Near Dale Hollow

      One-acre vacant land near Dale Hollow Lake in Celina, Tennessee.
      43 Rock Springs Rd, Celina, TN 38551
      View Details
    • $19,900

      Unrestricted Acreage Near Dale Hollow Lake

      Unrestricted land near Dale Hollow Lake, perfect for off-grid living.
      28 Rock Springs Rd, Celina, TN 38551
      View Details
    • $19,900

      Tennessee Vacant Land Retreat

      Off-grid vacant land near Dale Hollow Lake.
      26 Rock Springs Rd, Celina, TN 38551
      View Details

    FAQs

    What type of property is this?
    Land - 5.6 acres near Celina, TN, with commercial or residential potential.
    Where is this land located?
    The property is located at Lonnie Reecer Rd Celina, TN.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: 5.6 acres in a desirable location, only 1 minute from Celina, TN.; Zoned for commercial, subdivision, or residential use.; No restrictions on the property.
    (931) 243-6401
    We can help!
    Listing Contact
    Debra Dodd
    Real Estate License ID: 275382
    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!