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

    Conrad Ridge Rd, TN

    • Retail space
    • 772 SF
    OFF-MARKET
    Last Sale
    Jan 18, 2022
    $175,000
    Value Estimations
    $155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2998866
    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

    • Retail space

    Property Details for Conrad Ridge

    Year built
    2010
    Property size
    772 SF
    Property type
    Retail space
    APN
    020018 01405 001
    APU
    2001801405001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $155,000
      ML approach
      $200,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rd
    County
    Decatur
    State
    Tennessee
    Longitude
    -88.1063
    Latitude
    35.7864

    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
    $2,000
    $18,680
    $20,680
    -
    $5,000
    $46,700
    $51,700

    Comparable in this City

    • Value Estimation
      $215,000
      864 SF

      Windrock Rd, TN

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      Windrock Rd, TN
      View Details
    • Value Estimation
      $255,000
      2,000 SF

      Radio Way

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      Radio Way, Pvt Dr, TN
      View Details
    • Value Estimation
      $80,000
      4,454 SF

      Highway

      RETAIL STORES (PERSONAL SERVICES) • 4,454 SF
      Highway, 79s, TN
      View Details
    • Value Estimation
      $230,000
      1,480 SF

      New Harmony Rd, TN

      RETAIL STORES (PERSONAL SERVICES) • 1,480 SF
      New Harmony Rd, TN
      View Details
    • Value Estimation
      $250,000
      5,070 SF

      Harvey Bowden Rd, TN

      RETAIL STORES (PERSONAL SERVICES) • 5,070 SF
      Harvey Bowden Rd, TN
      View Details
    • Value Estimation
      $250,000
      3,688 SF

      Highway

      RETAIL STORES (PERSONAL SERVICES) • 3,688 SF
      Highway, 77, TN
      View Details

    Similar Nearby for Sale

    • $700,000
      868 SF

      Retail Space Near Kroger

      Retail space for sale in prime location near Kroger.
      8079 Trinity Rd, Memphis, TN
      View Details
    • $2,750,000
      26,210 SF

      Chattanooga Retail Investment Opportunity

      Prime retail property in Chattanooga with high visibility and accessibility.
      4749 Tn-58, Chattanooga, TN
      View Details
    • $675,000
      9,026 SF

      Former Retail Storefront on Highway

      9,026 SF retail building near Highway 61 for sale.
      5226 Us Hwy, Memphis, TN
      View Details
    • $500,000
      7,154 SF

      Commercial Building in Covington, TN

      Commercial building and business for sale near Ford Blue Oval.
      217 Us-51, Covington, TN
      View Details
    • $1,200,000
      10,170 SF

      Morristown Commercial Investment Opportunity

      Three buildings totaling 10,170 SF on 0.89 acres.
      1612 W 1 St N, Morristown, TN
      View Details
    • $399,000
      2,797 SF

      Freestanding Retail with Drive-Thru

      2,797 SF retail building with drive-thru on 1.46 acres.
      2101 E Raccoon Vly Dr, Heiskell, TN
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      6,399 SF

      Publix-Anchored Retail Space in Bellevue

      Retail space in affluent Nashville suburb near schools and downtown.
      8022 Tn-100, Nashville, TN
      View Details
    • $30 SF/Yr
      6,708 SF

      Modern Retail Space For Lease

      Premier retail property with customizable space and excellent location.
      1136 Middlesettlements Rd, Alcoa, TN
      View Details
    • $1,211,000
      10,380 SF

      Retail Building on Broadway Avenue

      10,380 SF retail building for lease in Johnson City.
      417 S Broadway Ave, Johnson City, TN
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Growing Community

      Retail space available in a rapidly growing Nashville suburb.
      459 Tn-76, White House, TN
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space with High Visibility

      Retail space with ample parking and high traffic volume.
      1291 Oak Ride Tpke, Oak Ridge, TN
      View Details
    • $39 SF/Yr
      4,665 SF

      Retail Space in Franklin, TN

      Retail space available for lease in Franklin, Tennessee.
      17000 Middleton Cir, Franklin, TN
      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.
    Conrad Ridge
    Rd, TN
    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.