Add Listing
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

    847 Callen NW Ln Cleveland, TN 37312-6963

    • Drive through restaurants
    • 2,440 SF
    • 0.75 lot acres
    OFF-MARKET
    Last Sale
    Feb 25, 2022
    $1,200,000
    Value Estimations
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2053005
    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

    • Drive through restaurants

    Property Details for 847 Callen NW Ln

    Year built
    2023
    Lot size
    0.75 lot acres
    Property size
    2,440 SF
    Zone code
    PUD
    Property type
    Drive through restaurants
    APN
    034I F 007.01 000
    APU
    034IF00701000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,070,000
      ML approach
      $1,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,205,000
      Market price range: $237k - $1.21M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.8584
    Latitude
    35.2111
    CBSA code
    17420
    CBSA name
    CLEVELAND, 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
    2023
    $6,877
    $276,560
    $240,520
    $517,080
    -
    $691,400
    $601,300
    $1,292,700

    Comparable in this City

    • Value Estimation
      $3,060,000
      2,304 SF

      4488 Ellis NW Cir

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,304 SF
      4488 Ellis NW Cir, Cleveland, TN 37312-3326
      View Details
    • Value Estimation by Request
      2,807 SF

      960 Paul Huff NW Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,807 SF
      960 Paul Huff NW Pkwy, Cleveland, TN 37312-2961
      View Details
    • Value Estimation by Request
      4,377 SF

      401 Stuart NE Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,377 SF
      401 Stuart NE Rd, Cleveland, TN 37312-4919
      View Details
    • Value Estimation by Request
      3,204 SF

      4530 Lee Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,204 SF
      4530 Lee Hwy, Cleveland, TN 37312-4039
      View Details
    • Value Estimation by Request
      7,183 SF

      390 Stuart NE Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 7,183 SF
      390 Stuart NE Rd, Cleveland, TN 37312-4916
      View Details
    • Value Estimation by Request
      4,459 SF

      3890 Keith NW St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,459 SF
      3890 Keith NW St, Cleveland, TN 37312-4336
      View Details

    Similar Nearby for Sale

    • $4,729,000
      9,700 SF

      862 Callen Ln

      Lifestyle centers • 9,700 SF
      862 Callen Ln, Cleveland, TN 37312
      View Details
    • $950,000
      5,584 SF

      Keith Street Commercial Property

      Income-producing commercial property with 11 units in central Cleveland.
      2700 Keith St NW, Cleveland, TN 37312
      View Details
    • $599,000
      Pending

      Commercial Lot on N Lee Hwy

      Commercial lot with development potential near Paul Huff Pkwy.
      4815 N Lee Hwy, Cleveland, TN 37312
      View Details
    • Contact for pricing
      0.35 Acres

      Residential Land in Cleveland, TN

      Residential land for sale in a welcoming East Tennessee community.
      Old Tasso Pl NE, Cleveland, TN 37312
      View Details
    • $150,000
      0.28 Acres

      Commercial Land in Cleveland, TN

      Commercial land available in professional park development near hospital.
      Spg Crk Business Park Dr NE, Cleveland, TN 37312
      View Details
    • $89,900
      1.29 Acres

      Residential Land in Gated Community

      1.29-acre double lot in Bentley Park subdivision.
      115 Bentley Park Dr NW, Cleveland, TN 37312
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      12,900 SF

      Retail Space in Cleveland, TN

      New retail development with suites divisible to 1,200 SF.
      5125 North Lee Hwy, Cleveland, TN 37312
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease with high traffic volume.
      Stuart Rd NE, Cleveland, TN 37312
      View Details
    • $5,500 /Mo

      Commercial Land on Paul Huff

      2-acre commercial land with high visibility and traffic count.
      Paul Huff Pkwy NW lot 5 & 6, Cleveland, TN 37312
      View Details
    • $80,000
      33,106 SF

      Cleveland Retail Outparcel Land

      Prime 0.76-acre commercial lot, ideal for development.
      185 Stuart Rd, Cleveland, TN 37312
      View Details
    • $4,200 /Mo
      3,600 SF

      Class A Office Space

      3,600 sq ft Class A office space for lease.
      1120 Urbane Rd NE, Cleveland, TN 37312
      View Details
    • $2,550 /Mo
      2,028 SF

      Cleveland Commercial Space For Lease

      Commercial space available for lease in Cleveland, Tennessee.
      1011 Peerless Xing Dr NW, Cleveland, TN 37312
      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.
    847 Callen NW Ln
    Cleveland, TN 37312-6963
    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.
    Sign Up Successful!
    You now have access to more from Realmo!