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

    1118 Gtwy Ave Rockwood, TN 37854-4012

    • Medical offices
    • 3,834 SF
    • 1.28 lot acres
    OFF-MARKET
    Last Sale
    Jan 11, 2021
    $1,527,000
    Value Estimations
    $1,545,000
    Show details
    Cap Rate Potential
    3.1%
    Medical offices
    Location Intelligence
    Property ID
    US80-2441530
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brianna Taylor / Physician
    • Fast Pace Health Urgent Care - Rockwood, TN / Medical Clinic

    Property Details for 1118 Gtwy Ave

    Year built
    2018
    Construction
    FRAME
    Lot size
    1.28 lot acres
    Property size
    3,834 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    073044 04207
    APU
    7304404207

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,580,000
      ML approach
      $1,550,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockwood
    County
    Roane
    State
    Tennessee
    Longitude
    -84.6585
    Latitude
    35.8822
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $157,880
    $203,800
    $361,680
    -
    $394,700
    $509,500
    $904,200

    Comparable in this City

    • Value Estimation by Request
      3,103 SF

      80 Copper Rdg Rd

      MEDICAL BUILDING • 3,103 SF
      80 Copper Rdg Rd, Rockwood, TN 37854-5277
      View Details
    • Value Estimation by Request
      14,220 SF

      450 Chamberlain Ave

      MEDICAL BUILDING • 14,220 SF
      450 Chamberlain Ave, Rockwood, TN 37854-6543
      View Details
    • Value Estimation by Request
      2,836 SF

      208 Chamberlain Ave

      MEDICAL BUILDING • 2,836 SF
      208 Chamberlain Ave, Rockwood, TN 37854-2210
      View Details
    • Value Estimation
      $1,050,000
      19,240 SF

      Gtwy Ave

      MEDICAL BUILDING • 19,240 SF
      Gtwy Ave, Rockwood, TN 37854
      View Details
    • Value Estimation by Request
      4,816 SF

      1420 Gtwy Ave

      MEDICAL BUILDING • 4,816 SF
      1420 Gtwy Ave, Rockwood, TN 37854-4111
      View Details
    • Value Estimation by Request
      1,992 SF

      Gtwy Ave

      MEDICAL BUILDING • 1,992 SF
      Gtwy Ave, Rockwood, TN 37854
      View Details

    Similar Nearby for Sale

    • $45,900
      1.08 Acres

      Wooded Lots Near Flat Rock

      Spacious wooded lots near interstate, Flat Rock Motorsports Park, airport.
      Airport Rd, Rockwood, TN 37854
      View Details
    • $40,500
      1.24 Acres

      Wooded Lots Near Flat Rock

      Spacious 1+ acre lots near interstate, motorsports park, and airport.
      Lower Rockwood Rd, Rockwood, TN 37854
      View Details
    • $93,000
      3.42 Acres

      Rockwood, TN Land For Sale

      3.42 acres in gated community near Watts Bar Lake.
      W Mountain Dr, Rockwood, TN 37854
      View Details
    • $925,000
      16,525 SF

      Industrial Property with Warehouse Space

      Three-building industrial property featuring warehouse space and convenient access.
      316 Old Highway 70, Rockwood, TN 37854
      View Details
    • $42,900
      0.74 Acres

      Rockwood, TN Land with Lakeviews

      Easy build lot with lake views in gated community.
      Star Ln, Rockwood, TN 37854
      View Details
    • Contact for pricing
      1.20 Acres

      Rockwood Land with Lake Access

      1.2 acre lot with lake access in Rockwood, Tennessee.
      Crystal Springs Rd, Rockwood, TN 37854
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      247,460 SF

      Rockwood Industrial Space Available

      Large warehouse, ideal for distribution.
      425 Gateway Ave, Rockwood, TN 37854
      View Details
    • $2,000 /Mo
      17,250 SF

      Fenced Outdoor Storage Area Available

      Fenced laydown/outdoor storage area for lease with additional open space.
      4760 Roane State Hwy, Rockwood, TN 37854
      View Details
    • Contact for pricing

      Retail Hub in Rockwood, TN

      Retail space in high-traffic area near Interstate 40.
      1494 North Gateway Ave, Rockwood, TN 37854
      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.
    1118 Gtwy Ave
    Rockwood, TN 37854-4012
    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.