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

    40 Elmo Dr Crossville, TN 38555-4807

    • Medical offices
    • 2,786 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Sep 04, 2024
    $390,000
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3034902
    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

    • Dr. Mohammad H. Koucheki, MD / Pediatrician
    • Cumberland Children's Clinic / Doctor
    • Leilea P. Koucheki, FNP / Nurse Practitioner

    Property Details for 40 Elmo Dr

    Year built
    1990
    Lot size
    0.07 lot acres
    Property size
    2,786 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    018113C H 02502
    APU
    018113CH02502

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $390,000
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $246,000
      Market price range: $131k - $379k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $275,000
      Current use
      COMMERCIAL (GENERAL)
      $295,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $245,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Crossville
    County
    Cumberland
    State
    Tennessee
    Longitude
    -85.0244
    Latitude
    35.9434
    CBSA code
    18900
    CBSA name
    CROSSVILLE, 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
    $12,000
    $109,160
    $121,160
    -
    $30,000
    $272,900
    $302,900

    Comparable in this City

    • Value Estimation
      $255,000
      2,608 SF

      2623 Hwy 70th E

      MEDICAL BUILDING • 2,608 SF
      2623 Hwy 70th E, Crossville, TN 38555-2808
      View Details
    • Value Estimation
      $265,000
      2,715 SF

      805 Webb Ave

      MEDICAL BUILDING • 2,715 SF
      805 Webb Ave, Crossville, TN 38555-4253
      View Details
    • Value Estimation
      $345,000
      4,838 SF

      39 Lantana Rd

      MEDICAL BUILDING • 4,838 SF
      39 Lantana Rd, Crossville, TN 38555-4901
      View Details
    • Value Estimation
      $690,000
      5,312 SF

      125 Brown Ave

      MEDICAL BUILDING • 5,312 SF
      125 Brown Ave, Crossville, TN 38555-4795
      View Details
    • Value Estimation
      $360,000
      14,671 SF

      79 Duer Ct

      MEDICAL BUILDING • 14,671 SF
      79 Duer Ct, Crossville, TN 38555-5564
      View Details
    • Value Estimation
      $985,000
      4,572 SF

      15 Parkside Pl

      MEDICAL BUILDING • 4,572 SF
      15 Parkside Pl, Crossville, TN 38555-8865
      View Details

    Similar Nearby for Sale

    • $795,000
      8,628 SF

      Prime Commercial Space in Crossville

      9,000 SF building ideal for office, retail, or medical.
      456 N Main St, Crossville, TN 38555
      View Details
    • $4,254,238
      6,389 SF

      Crossville Parachute Plasma Investment Property

      NNN leased Parachute Plasma in Crossville, TN for sale.
      2463 N Main St, Crossville, TN 38555
      View Details
    • $1,400,000
      8,364 SF

      Prime Commercial Frontage Opportunity

      Two commercial buildings in high-traffic Crossville location.
      2627 N Main St, Crossville, TN 38555
      View Details
    • $625,000

      Downtown Crossville Renovated Mixed-Use Building

      Renovated 1934 building ideal for office, retail, or live/work.
      31 W Fifth St, Crossville, TN 38555
      View Details
    • $289,000
      1,841 SF

      Versatile Building in Downtown Crossville

      Adaptable commercial space in a rapidly growing Tennessee downtown area.
      290 Thurman Ave, Crossville, TN 38555
      View Details
    • $899,000
      5,074 SF

      Retail/Office Space in Downtown Crossville

      Retail or office space for sale in downtown Crossville.
      80 Miller Ave, Crossville, TN 38555
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      2,400 SF

      Crossville Office Suite For Lease

      2,400 sq ft office suite in high-traffic area.
      1700 Suite 101 Ave West, Crossville, TN 38555
      View Details
    • $8,000 /Mo
      9,000 SF

      Crossville Office Space For Lease

      9000 SF office space for lease in Crossville, TN.
      456 N Main St, Crossville, TN 38555
      View Details
    • Contact for pricing
      126,403 SF

      Crossville Warehouse with Fenced Area

      Industrial warehouse with fenced area and office space for lease.
      1383 Industrial Blvd, Crossville, TN 38555
      View Details
    • $19 SF/Yr
      1,600 SF

      Retail Space in Crossville Center

      Retail or office space in popular Crossville shopping center.
      126 The Crossings, Crossville, TN 38555
      View Details
    • Contact for pricing
      16,320 SF

      Crossville Plaza Retail Space Available

      High-traffic Walmart shadow center; 1 space available.
      424 Obed Plz, Crossville, TN 38555
      View Details
    • $97 SF/Yr
      13,824 SF

      Retail Space Available For Lease

      Retail property available for lease, formerly Walgreens.
      1106 N Main St, Crossville, TN 38555
      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.
    40 Elmo Dr
    Crossville, TN 38555-4807
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.