Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    00 Water Tower Rd Cedar Grove, TN 38321

    • Specialty properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 00 Water Tower Rd

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 31.36-acre property, situated at 00 Water Tower Road in Cedar Grove, Tennessee, presents a unique investment opportunity. The land encompasses a versatile mix of usable space, ideal for a variety of purposes. Eleven acres are open and tillable, offering significant agricultural potential or space for development. The remaining twenty acres are wooded, providing ample space for recreational activities such as hunting, hiking, or simply enjoying the natural beauty of the Tennessee countryside. The property's substantial size, totaling 1,366,041.6 square feet, allows for considerable flexibility in its future use. Located in Carroll County, Tennessee, with a zip code of 38321, this property offers a blend of agricultural and recreational possibilities. The asking price for this expansive tract of land is $160,000. Its convenient location and diverse features make it an attractive option for those seeking a rural retreat or a productive farming operation. The property's coordinates are 35.8805946 latitude and -88.5416833 longitude. This is a rare opportunity to acquire a significant parcel of land in a desirable Tennessee location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Grove
    County
    Carroll
    State
    Tennessee
    Longitude
    -88.5417
    Latitude
    35.8806

    Comparable in this City

    • Value Estimation by Request

      400 Summit Chase Rd

      Farms
      400 Summit Chase Rd, Cedar Grove, TN 38321
      View Details
    • Value Estimation by Request

      8574 Highway 104

      Farms
      8574 Highway 104, Cedar Grove, TN 38321
      View Details
    • Value Estimation by Request

      334 Logger Ln

      Farms
      334 Logger Ln, Cedar Grove, TN 38321
      View Details
    • Value Estimation by Request

      116 Zara Spook

      Specialty properties
      116 Zara Spook, Cedar Grove, TN 38321
      View Details
    • Value Estimation by Request

      895 Strike King Dr

      Specialty properties
      895 Strike King Dr, Cedar Grove, TN 38321
      View Details
    • Value Estimation by Request

      939 Excalibur Trl

      Specialty properties
      939 Excalibur Trl, Cedar Grove, TN 38321
      View Details

    Similar Nearby for Sale

    • $52,500

      Prime Carroll County Farmland

      5+ Acre Wooded TN Farm - $52,500
      334 Logger Ln, Cedar Grove, TN 38321
      View Details
    • $180,000

      Land in Cedar Grove, TN

      Remote land ideal for hunting and building in Cedar Grove.
      Baudy James Rd, Cedar Grove, TN 38321
      View Details
    • $85,000
      17.00 Acres

      Wooded Land with Creek Access

      17-acre wooded property with creek, ideal for hunting.
      Hart Cemetery Rd, Cedar Grove, TN 38321
      View Details
    • $75,000

      Prime Indian Lake Lot

      6.6-Acre Gated Community Lot
      116 Zara Spook, Cedar Grove, TN 38321
      View Details
    • Contact for pricing

      Wooded Acreage for Home, Recreation

      121 acres of wooded land ideal for recreation.
      Bardwell Rd, Cedar Grove, TN 38321
      View Details
    • $849,900
      65.00 Acres

      65 Acres Wooded Land

      65 acres of wooded land with lake frontage.
      Leach Rd, Cedar Grove, TN 38321
      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.
    00 Water Tower Rd
    Cedar Grove, TN 38321
    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.