Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Crazy Doe Rd Lexington, TN 38351
    Back to Search
    Property profile & analytics

    Crazy Doe Rd Lexington, TN 38351

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Crazy Doe Rd

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 14.26-acre property in Lexington, Tennessee, presents a unique investment opportunity. Located just minutes from Beech Lake and its associated campground, this unrestricted land boasts a beautiful, prime location in Henderson County, outside city limits. The 621,165.6 square foot lot offers several excellent building sites, perfect for constructing a single residence or multiple homes. The land is heavily wooded, featuring some large, marketable timber. Convenient access to Interstate 40 (approximately 6 minutes away) enhances its appeal. Enjoy proximity to Beech Lake's recreational amenities, including boating, jet skiing, and swimming, with a public boat ramp (for smaller vessels) only minutes from the property. Beech Lake itself is a substantial 875-acre lake offering a variety of water activities and a campground. This property is an excellent choice for recreational use or as the site for your dream home. The property's location and size make it a highly desirable investment. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.3873
    Latitude
    35.702

    Comparable in this City

    • Value Estimation by Request

      Wilson Rd

      Multifamily properties
      0 Wilson Rd, Lexington, TN 38351
      View Details
    • Value Estimation by Request

      Frizzell Rd

      Multifamily properties
      0 Frizzell Rd, Lexington, TN 38351
      View Details
    • Value Estimation by Request

      000 Highway 22

      Multifamily properties
      000 Highway 22, Lexington, TN 38351
      View Details
    • Value Estimation by Request

      Rock Hill Rd

      Farms
      0 Rock Hill Rd, Lexington, TN 38351
      View Details
    • Value Estimation by Request

      00 Sand Ridge Bargerton Rd

      Multifamily properties
      00 Sand Ridge Bargerton Rd, Lexington, TN 38351
      View Details
    • Value Estimation
      $520,000
      14,035 SF

      391 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 14,035 SF
      391 Main St, Lexington, TN 38351-1745
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land Opportunity

      Almost 2 acres, corner lot, suitable for various developments.
      00 S Broad St, Lexington, TN 38351
      View Details
    • Contact for pricing

      Land with Development Potential

      Versatile land suitable for residential or commercial development.
      000 Highway 412 W, Lexington, TN 38351
      View Details
    • Contact for pricing

      Lexington Land for Sale

      217,800 SF land parcel in Lexington, Tennessee.
      000 Deer Hvn, Lexington, TN 38351
      View Details
    • $70,000
      Pending

      6.11 Acres in Lexington, TN

      6.11-acre tract prepped for homesite near Lexington, Tennessee.
      15 Ebenezer Rd, Lexington, TN 38351
      View Details
    • Contact for pricing

      Land Near Lexington Campus

      Land for sale near Lexington and Jackson State Campus.
      000 College St, Lexington, TN 38351
      View Details
    • $80,000

      Land in Lexington, Tennessee

      Land available in Lexington, Tennessee, near the water.
      Eastern Shores Dr, Lexington, TN 38351
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Wal-Mart

      Retail spaces with high visibility and strong tenant mix.
      676 W Church St, Lexington, TN 38351
      View Details
    • Contact for pricing
      1,940 SF

      Retail Space in High-Traffic Area

      Retail space in Lexington with high visibility and foot traffic.
      541 W Church St, Lexington, TN 38351
      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.
    Crazy Doe Rd
    Lexington, TN 38351
    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
    Crazy Doe Rd, Lexington, TN, 38351
    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!