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    898 Childers Creek Rd Reliance, TN 37369

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    898 Childers Creek Rd Reliance, TN 37369

    View on Map
    • Commercial real estate
    • 1.00 lot acres
    Off-Market
    Property ID
    US80-2876608
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quilters Getaway / Resort / Vacation Rental

    Property Details for 898 Childers Creek Rd

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional property in Reliance, Tennessee, presents a unique investment opportunity or idyllic full-time residence. Nestled in the foothills, less than two miles from the Hiawassee River, this stunning property boasts two homes on one acre. The main house, a custom-built 5,000 sq ft cabin-style home, features 12-foot ceilings on the main floor, custom log interior walls, and two custom stone fireplaces. An open concept design flows seamlessly throughout the main level, which includes three bedrooms, two with ensuite bathrooms. A large deck provides ample space for entertaining while enjoying the surrounding wildlife. The lower level offers another open concept living and game area, two additional bedrooms, and a full bathroom. A separate 800 sq ft guest house, ideal for in-laws or guests, is complete with a full kitchen, living and dining area, a queen-size bed, and a full bathroom including a jacuzzi tub and shower. Currently generating income through established short-term rentals on Airbnb and VRBO with a history of superb reviews, this property offers a turnkey solution for those seeking a profitable venture or a comfortable mountain escape. The property's prime location is perfect for enjoying renowned trout fishing, kayaking, and rafting opportunities. Priced at $849,000, this property offers a blend of luxury, income potential, and recreational access.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Reliance
    County
    Polk
    State
    Tennessee
    Longitude
    -84.4744192
    Latitude
    35.2038279

    Comparable in this City

    • $69,000
      5.80 Acres

      Land Near Hiwassee and Ocoee

      5+ acres in Polk County, TN, near Cherokee National Forest.
      521 Archville Rd, Reliance, TN 37369
      View Details
    • $179,000
      7.68 Acres

      Creekfront Land Bordering National Forest

      7+ acres of unrestricted land with creek frontage.
      7.68 Ac Ellis Crk Rd, Reliance, TN 37369
      View Details
    • $255,000
      15.00 Acres

      Reliance TN Land for Sale

      15 acres in the foothills of Southern Appalachia.
      1489 Towee Pike, Reliance, TN 37369
      View Details
    • $49,500
      5.00 Acres

      Reliance, TN Land Opportunity

      5-acre lot near Hiwassee River, ideal for building a home.
      Childers Creek Rd, Reliance, TN 37369
      View Details
    • $129,000
      4.41 Acres

      Polk County Mountain Land

      4.41 acres in Polk County with two springs.
      Chestnut Mountain Rd, Reliance, TN 37369
      View Details
    • $59,900
      6.95 Acres

      Reliance, TN Land For Sale

      6.95 acres near Parksville Lake and Hiwassee River.
      Chestnut Mountain Rd, Reliance, TN 37369
      View Details

    Similar Nearby for Sale

    • $179,000
      7.68 Acres

      Creekfront Land Bordering National Forest

      7+ acres of unrestricted land with creek frontage.
      7.68 Ac Ellis Crk Rd, Reliance, TN 37369
      View Details
    • $69,000
      5.80 Acres

      Land Near Hiwassee and Ocoee

      5+ acres in Polk County, TN, near Cherokee National Forest.
      521 Archville Rd, Reliance, TN 37369
      View Details
    • $59,500
      Pending

      Unrestricted Land Near National Forest

      5 unrestricted acres bordering Cherokee National Forest with creek.
      337 Price Rd, Reliance, TN 37369
      View Details
    • $90,000
      5.64 Acres

      Land Near Hiwassee River

      5+ acres near Hiwassee River, ideal for outdoor enthusiasts.
      Reliance, TN 37369
      View Details
    • $325,000
      16.00 Acres

      Reliance, TN Land for Sale

      16-acre parcel with direct access to Cherokee National Forest.
      Creek Rd, Reliance, TN 37369
      View Details
    • $49,500
      5.00 Acres

      Reliance, TN Land Opportunity

      5-acre lot near Hiwassee River, ideal for building a home.
      Childers Creek Rd, Reliance, TN 37369
      View Details
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    Reliance, TN 37369
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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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