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    Highway 11 Sweetwater, TN 37874

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    Highway 11 Sweetwater, TN 37874

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    • Commercial real estate
    • 6,970 SF
    • 0.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Highway 11

    Lot size
    0.16 lot acres
    Property size
    6,970 SF
    Property type
    Commercial real estate

    Description

    This 6,970 square foot commercial property, situated on a 0.16-acre lot at Highway 11 in Sweetwater, Tennessee, presents a remarkable investment opportunity. Located in a bustling shopping center, this property benefits from high visibility and significant foot traffic. Its strategic position offers close proximity to a Walmart Supercenter and is just minutes away from Sweetwater's downtown shopping district, ensuring a steady stream of potential customers. The property includes all utilities and boasts thirty dedicated parking spaces, providing ample convenience for both employees and patrons. The versatile layout makes it suitable for a wide range of commercial uses, including but not limited to office space, a beauty salon, or a restaurant. The possibilities are truly limitless, making this an ideal location for an entrepreneur seeking a thriving business environment. The asking price is $149,000. This property offers a unique blend of prime location, convenient amenities, and significant development potential, making it an exceptional investment opportunity in the heart of Sweetwater. 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
    Sweetwater
    County
    Monroe County - 33
    State
    Tennessee
    Longitude
    -84.4334
    Latitude
    35.6389

    Comparable in this City

    • Value Estimation by Request
      16.00 Acres

      483 County Rd 312

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      483 County Rd 312, Sweetwater, TN 37874-5124
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    • Value Estimation by Request
      8.26 Acres

      128 County Rd 342

      COMMERCIAL (GENERAL) • 8.26 Acres
      128 County Rd 342, Sweetwater, TN 37874-5100
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    • Value Estimation by Request
      0.15 Acres

      609 Main St

      COMMERCIAL (GENERAL) • 0.15 Acres
      609 Main St, Sweetwater, TN 37874
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    • Value Estimation by Request
      0.38 Acres

      Oak St

      COMMERCIAL (GENERAL) • 0.38 Acres
      Oak St, Sweetwater, TN 37874
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    • Value Estimation by Request
      4.20 Acres

      Plemons Rd

      COMMERCIAL (GENERAL) • 4.20 Acres
      Plemons Rd, Sweetwater, TN 37874
      View Details
    • Value Estimation by Request
      8,000 SF

      1550 Cedar Vly Rd

      COMMERCIAL (GENERAL) • 8,000 SF
      1550 Cedar Vly Rd, Sweetwater, TN 37874
      View Details

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      Commercial Opportunity on Corner Lot

      Commercial property on a large corner lot, zoned M-2.
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    • $375,000
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      Unrestricted Land Near Sweetwater Amenities

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      360 Oakland Rd, Sweetwater, TN 37874
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    • $325,000
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      Unrestricted Acreage Near Sweetwater, TN

      24.95 acres of unrestricted land in Monroe County.
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    • $430,000
      19.04 Acres

      Unrestricted Land with Creek Views

      19.04 acres of unrestricted land with creek and utilities.
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    Similar Nearby for Lease

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      Versatile Commercial Property with Warehouses

      Four buildings suitable for office, automotive, and warehouse use.
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      Recently Constructed Commercial Space For Sale

      Commercial space near I-75 with high traffic volume.
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    Highway 11
    Sweetwater, TN 37874
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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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