Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pigeon Ridge Rd Crossville, TN 38555
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    Pigeon Ridge Rd Crossville, TN 38555

    View on Map
    • Land
    • 5.01 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Pigeon Ridge Rd

    Lot size
    5.01 lot acres
    Property type
    Land

    Description

    This exceptional 5.01-acre commercial land parcel presents a unique opportunity for development in Crossville, Tennessee. Gently sloping away from Pigeon Ridge Road, the property boasts a desirable landscape perfect for a walk-out basement design. All utilities are conveniently located at the road, simplifying construction. Adding to its appeal, the property features a small pond at its lower end and a state-approved, pre-installed entrance. The land has already been perked for a three-bedroom home, with septic approval documentation available for review. Light restrictions are in place

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crossville
    County
    Cumberland
    State
    Tennessee
    Longitude
    -85.0197
    Latitude
    35.9089

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      2040 Genesis Rd

      Land • 1.00 Acre
      2040 Genesis Rd, Crossville, TN 38555
      View Details
    • Value Estimation by Request
      0.50 Acres

      Hospitality Dr

      Land • 0.50 Acres
      0 Hospitality Dr, Crossville, TN 38555
      View Details
    • Value Estimation by Request
      1.00 Acre

      1465 Main St

      Land • 1.00 Acre
      1465 Main St, Crossville, TN 38555
      View Details
    • Value Estimation by Request
      0.86 Acres

      Old Rockwood Hwy

      COMMERCIAL (GENERAL) • 0.86 Acres
      Old Rockwood Hwy, Crossville, TN 38555
      View Details
    • Value Estimation by Request
      0.23 Acres

      85 Burnett St

      COMMERCIAL (GENERAL) • 0.23 Acres
      85 Burnett St, Crossville, TN 38555-4272
      View Details
    • Value Estimation by Request
      0.11 Acres

      1st St

      COMMERCIAL (GENERAL) • 0.11 Acres
      1st St, Crossville, TN 38555
      View Details

    Similar Nearby for Sale

    • $31,500

      Land for Sale

      Land available in Cumberland County.
      32 Estate Way, Crossville, TN 38555
      View Details
    • $82,400

      Land Available Near Highway

      Land for sale near highway in Cumberland County, Tennessee.
      6 Highway 127, Crossville, TN 38555
      View Details
    • New
      $230,000
      7.92 Acres

      Crossville Land with Creek Frontage

      7.92 acres with over 1,400 feet of creek frontage.
      - 7.92 Acres Daddy'S Crk Trl, Crossville, TN 38555
      View Details
    • Contact for pricing
      0.40 Acres

      Land For Sale, Crossville TN

      Tier C lot available in Crossville, Tennessee.
      18 Bacham Ct, Crossville, TN 38555
      View Details
    • $65,000
      1.36 Acres

      Crossville, TN Vacant Corner Lot

      Unrestricted 1.36-acre wooded lot ideal for custom home.
      Old Highway 28, Crossville, TN 38555
      View Details
    • Contact for pricing
      0.34 Acres

      Crossville, TN Level Lot

      Level 0.34 acre lot in Crossville, Tennessee.
      Sweetgum Dr, Crossville, TN 38555
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr

      Retail/Office Space in Crossville

      Retail or office space in a popular shopping center.
      126 The Crossings, Crossville, TN 38555
      View Details
    • $8,000 /Mo
      9,000 SF

      Crossville Office Space For Lease

      9000 SF office space for lease in Crossville, TN.
      456 N Main St, Crossville, TN 38555
      View Details
    • $19 SF/Yr

      Retail Space in Crossville Center

      Retail or office space in popular Crossville shopping center.
      126 The Crossings, Crossville, TN 38555
      View Details
    • $97 SF/Yr

      Retail Space Available For Lease

      Retail property available for lease, formerly Walgreens.
      1106 N Main St, Crossville, TN 38555
      View Details
    • Contact for pricing

      Highway Retail Space For Rent

      Retail space with high visibility and easy highway access.
      3315 N Main St, Crossville, TN 38555
      View Details
    • $2,800 /Mo
      2,400 SF

      Crossville Office Suite For Lease

      2,400 sq ft office suite in high-traffic area.
      1700 West Ave, Crossville, TN 38555
      View Details
    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.
    Pigeon Ridge Rd
    Crossville, TN 38555
    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

    Thank You for Inquiry
    Pigeon Ridge Rd, Crossville, TN, 38555
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!