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

    Rhea County Highway Dayton, TN 37321

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $300,000

    Prime commercial land parcel on a busy Highway 27.

    Added:
    Apr 23, 2024
    Days on Market:
    737
    Last Refresh:
    Apr 1 at 9:15 pm

    Property Features for Rhea County Highway

    General Information

    Standard status
    Active
    Property subtype
    Other

    We can help!

    Listing Contact
    Teresa Congioloso
    Teresa Congioloso

    Listing agent Teresa Congioloso License #256449

    Listing office Keller Williams Realty

    Listing date Apr 23, 2024

    Source Xome

    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 Keller Williams Realty

    Overview

    Highway 27 Corner Land Parcel

    This commercial land parcel is located on a busy corner of an industrial park and Highway 27. The property is suitable for various uses, including a restaurant, storage facility, or medical office. The property can be purchased as a whole or divided into two pieces, subject to city approval.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Dayton
    County
    Rhea
    State
    Tennessee
    Longitude
    -85.077517
    Latitude
    35.438958

    Nearby Similar for Sale

    • $479,900
      10,200 SF

      Commercial Property on Three Lots

      Commercial buildings with highway frontage, suitable for garage or storage.
      5809 Old Washington Highway, Dayton, TN 37321
      View Details
    • $325,000

      Prime Commercial Lot on Highway

      Highly visible 1-acre commercial parcel in a growing area.
      Rhea County Highway, Dayton, TN 37321
      View Details
    • $875,000

      Dayton Commercial Land For Sale

      2.6 acres of commercial land with full utilities.
      16th Avenue, Dayton, TN 37321
      View Details
    • $425,000

      Development Land in Dayton, TN

      22.45-acre development opportunity with 30 sites and established infrastructure.
      Couchwood Drive, Dayton, TN 37321
      View Details
    • $150,000

      Commercial Lot in Dayton, TN

      Ready-to-develop commercial lot with front and rear access.
      Indiana Avenue, Dayton, TN 37321
      View Details
    • $250,000
      200 SF

      Dayton, TN Restaurant Opportunity

      Restaurant space with outdoor seating and high visibility in Dayton.
      268 Richland Street, Dayton, TN 37321
      View Details
    • $300,000
      1 SF

      Dayton Commercial Land For Sale

      1.4 acres of commercial land in the heart of Dayton.
      472 Chickamauga Drive, Dayton, TN 37321
      View Details
    • $300,000

      Dayton TN Land For Sale

      1.4 acres of C-2 zoned land in Dayton, Tennessee.
      472 Chickamauga Drive, Dayton, TN 37321
      View Details
    • $549,900

      Dayton Land with Panoramic Views

      18.31-acre tract near Rhea Medical Center with development potential.
      White Oak Rd, Dayton, TN 37321
      View Details
    • $319,900

      26.3 Acres with Mountain Views

      Land with mountain views, creek, and commercial potential near Dayton.
      1085 Rhea County Highway, Dayton, TN 37321
      View Details
    • $450,000
      2,900 SF

      Dayton Commercial Building For Sale

      2,900 sq ft commercial building in prime Dayton location.
      585 Richland Street, Dayton, TN 37321
      View Details
    • $425,000

      Dayton, TN Development Opportunity

      22.45 acre, 30-site development opportunity within city limits.
      Black Oak Ridge Road, Dayton, TN 37321
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land parcel on a busy Highway 27.
    Where is this commercial land located?
    The property is located at Rhea County Highway Dayton, TN.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: High‑traffic location at the corner of a busy industrial park and Highway 27.; Potential for various uses including restaurant, storage, or medical office.; Corner lot with high visibility.
    (423) 664-1900
    We can help!
    Listing Contact
    Teresa Congioloso
    Teresa Congioloso
    Real Estate License ID: 256449
    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!