Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5119 Highway 11 Calhoun, TN 37309

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5119 Highway 11 Calhoun, TN 37309

    View on Map
    • Retail properties & Spaces
    • 3,910 SF
    • 1.09 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5119 Highway 11

    Year built
    1989
    Lot size
    1.09 lot acres
    Property size
    3,910 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional commercial property, located at 5119 Highway 11 S in Calhoun, Tennessee, presents a unique investment opportunity. The 3,910 square foot building sits on a 1.09-acre lot and offers high visibility due to its prime Highway 11 location. Previously a Hardee's restaurant, the building retains some existing kitchen equipment and fixtures, making it ideal for a food service business. However, its adaptable layout allows for a variety of commercial uses, including retail or office space. The property benefits from its position in a growing area, offering easy access to nearby towns like Charleston, and major routes connecting to Cleveland, Athens, and Chattanooga. This translates to a strong potential customer base drawn from both local residents and travelers. The supportive local economy further enhances the property's appeal. The combination of size, location, and existing infrastructure makes this a compelling opportunity for entrepreneurs and investors seeking a foothold in a thriving Tennessee market. The asking price is $895,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Calhoun
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.7518
    Latitude
    35.2976

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      Hwy 11s-5075

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      Hwy 11s-5075, Calhoun, TN 37309
      View Details
    • Value Estimation by Request
      6,315 SF

      Hwy 11s

      FINANCIAL BUILDING • 6,315 SF
      Hwy 11s, Calhoun, TN 37309
      View Details
    • Value Estimation by Request
      2,600 SF

      Hwy 163-784

      AUTO REPAIR, GARAGE • 2,600 SF
      Hwy 163-784, Calhoun, TN 37309
      View Details
    • Value Estimation by Request
      2,816 SF

      Hwy 163rd Off

      AUTO REPAIR, GARAGE • 2,816 SF
      Hwy 163rd Off, Calhoun, TN 37309
      View Details
    • Value Estimation by Request
      1,200 SF

      Hwy 11s-5099

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      Hwy 11s-5099, Calhoun, TN 37309
      View Details
    • Value Estimation by Request
      3,060 SF

      465 County Rd 3rd 3

      RETAIL STORES (PERSONAL SERVICES) • 3,060 SF
      465 County Rd 3rd 3, Calhoun, TN 37309-5069
      View Details

    Similar Nearby for Sale

    • $729,900
      3,910 SF

      Versatile Commercial Property on Highway 11

      Former restaurant suitable for retail, office, or other commercial ventures.
      5119 Highway 11 S, Calhoun, TN 37309
      View Details
    • $255,000
      25.63 Acres

      Calhoun, TN Land with Views

      25+ acre build-ready property with mountain views in Calhoun.
      360 County Road 963, Calhoun, TN 37309
      View Details
    • $75,000
      Pending

      Unrestricted Land in Calhoun, TN

      2.25-acre tract for custom home or investment build.
      176 County Road 733, Calhoun, TN 37309
      View Details
    • $255,000
      25.63 Acres

      Calhoun, TN Land Opportunity

      25+ acre build-ready property with mountain views in Calhoun, TN.
      360 County Road 963, Calhoun, TN 37309
      View Details
    • $135,000
      0.82 Acres

      Hiwassee Riverfront Land Opportunity

      0.82 acre surveyed lot ready for building near Hiwassee River.
      County Road 950, Calhoun, TN 37309
      View Details
    • $739,500
      46.21 Acres

      Acreage Tract Near Hiwassee River

      Large land tract with utilities and creek near Hiwassee River.
      State Hwy 163, Calhoun, TN 37309
      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.
    5119 Highway 11
    Calhoun, TN 37309
    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!