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    1148 Gateway Ave Rockwood, TN 37854
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    1148 Gateway Ave Rockwood, TN 37854

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    • Retail properties & Spaces
    • 2,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tyler Pointe / Shopping Center & Mall
    • Domino's Pizza / Restaurant

    Property Details for 1148 Gateway Ave

    Property size
    2,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 2,000 square foot retail space is perfectly situated at 1148 N. Gateway Ave in Rockwood, Tennessee, within Roane County (zip code 37854). The property is a single-tenant building offering a completely vacant space, ideal for a variety of retail businesses. The building's total square footage is 2,000 square feet, providing ample room for operations and potential expansion. Its location in Rockwood offers excellent visibility and accessibility for customers. The property is classified as commercial retail and presents a unique opportunity for entrepreneurs and established businesses seeking a prominent location in a growing community. This turnkey space is ready for immediate occupancy, eliminating the need for extensive renovations or build-outs. The property's address is easily accessible, providing convenient access for both employees and customers. This is a rare opportunity to secure a substantial retail space in a desirable location. Serious inquiries are encouraged to explore this promising investment opportunity. The property is located at latitude 35.8817554 and longitude -84.6577207. All 2,000 square feet are currently vacant and available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rockwood
    County
    Roane
    State
    Tennessee
    Longitude
    -84.6577
    Latitude
    35.8818

    Comparable in this City

    • Value Estimation
      $2,695,000
      85,605 SF

      1496 Gtwy Ave

      DEPARTMENT STORE • 85,605 SF
      1496 Gtwy Ave, Rockwood, TN 37854-4143
      View Details
    • Value Estimation
      $2,690,000
      36,851 SF

      1496 Gtwy Ave

      DEPARTMENT STORE • 36,851 SF
      1496 Gtwy Ave, Rockwood, TN 37854-4143
      View Details
    • Value Estimation by Request

      Us-70 & Westel Loop

      Individual retail properties
      0 Us-70 & Westel Loop, Rockwood, TN 37854
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    • Value Estimation by Request
      77,469 SF

      1064 Gtwy Ave

      DEPARTMENT STORE • 77,469 SF
      1064 Gtwy Ave, Rockwood, TN 37854-4023
      View Details
    • Value Estimation by Request
      1.50 Acres

      1466 Golliher Rd

      COMMERCIAL (GENERAL) • 1.50 Acres
      1466 Golliher Rd, Rockwood, TN 37854-5201
      View Details
    • Value Estimation by Request
      4,633 SF

      221 Rockwood St

      COMMERCIAL (GENERAL) • 4,633 SF
      221 Rockwood St, Rockwood, TN 37854
      View Details

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    Rockwood, TN 37854
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    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
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