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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    153 Kemmer Rd Spring City, TN 37381

    • Manufacturing properties
    • 44,159 SF
    • 4.34 lot acres
    For Lease
    View listing
    $51,860
    Value Estimations
    $535,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3287442
    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

    • Vols Zinc / Warehouse & Storage

    Property Details for 153 Kemmer Rd

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.34 lot acres
    Property size
    44,159 SF
    Property type
    Manufacturing properties
    APN
    031P C 00400
    APU
    031PC00400

    Description

    This exceptional Spring City, Rhea County industrial property offers 41,488 square feet of versatile space, ideal for manufacturing, warehousing, or distribution. The single-story building, constructed in 1962, sits on a 3.8-acre lot and boasts a newer roof, HVAC system, and fire suppression system. The property features one building with three dock-high doors and one loading dock, ensuring efficient loading and unloading. Ample parking is available on-site. Interior amenities include restrooms, a break room, and office space, providing a comfortable and functional work environment. Conveniently located just off Highway 27, this property offers excellent accessibility and visibility. Lease terms are available for 1, 2, 3, or 4 years, with rates varying from $15.50 to $17.00 per square foot annually, depending on lease length. This is a rare opportunity to secure a substantial industrial space in a prime location. The property's size, amenities, and strategic location make it an attractive option for businesses seeking to expand or relocate. Don't miss this chance to establish your operations in this well-maintained and conveniently situated industrial building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $432,000
      Market price range: $206k - $824k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $570,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring City
    County
    Rhea
    State
    Tennessee
    Longitude
    -84.8668
    Latitude
    35.6826
    CBSA code
    19420
    CBSA name
    DAYTON, TN MICROPOLITAN 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
    $24,840
    $179,200
    $204,040
    -
    $62,100
    $448,000
    $510,100

    Comparable in this City

    • Value Estimation by Request
      8,358 SF

      Hinch St

      MANUFACTURING (LIGHT) • 8,358 SF
      Hinch St, Spring City, TN 37381
      View Details
    • Value Estimation by Request
      24,590 SF

      Hinch St

      MANUFACTURING (LIGHT) • 24,590 SF
      Hinch St, Spring City, TN 37381
      View Details
    • Value Estimation
      $700,000
      52,280 SF

      171 Hoyal Ln

      MANUFACTURING (LIGHT) • 52,280 SF
      171 Hoyal Ln, Spring City, TN 37381-4109
      View Details
    • Value Estimation by Request
      14,021 SF

      Rhea County Hwy

      MANUFACTURING (LIGHT) • 14,021 SF
      Rhea County Hwy, Spring City, TN 37381
      View Details
    • Value Estimation by Request
      15,200 SF

      Ellis St

      MANUFACTURING (LIGHT) • 15,200 SF
      Ellis St, Spring City, TN 37381
      View Details
    • Value Estimation by Request
      904 SF

      Ellis St

      MANUFACTURING (LIGHT) • 904 SF
      Ellis St, Spring City, TN 37381
      View Details

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    Similar Nearby for Lease

    • $180 SF/Yr
      41,488 SF

      Spring City Industrial Space For Lease

      41,488 SF Manufacturing/Warehouse
      153 Kemmer Rd, Spring City, TN 37381
      View Details
    • $51,860
      41,488 SF

      Spacious Industrial Space in Spring City

      40,000+ sq ft industrial space with loading docks and offices.
      153 Kemmer Rd, Spring City, TN 37381
      View Details
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    153 Kemmer Rd
    Spring City, TN 37381
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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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