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    For Sale (21)

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    Jacksonville Land Parcel For Sale
    $38,000
    2.75 Acres

    Jacksonville Land Parcel For Sale

    Vacant canal-front land parcel of nearly 3 acres.

    Bridges Rd, Jacksonville, FL 32218
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    Land Near Tennessee River
    $135,900
    0.49 Acres

    Land Near Tennessee River

    Four lots near Tennessee River with utilities and septic.

    Arrow Head Dr, Parsons, TN 38363
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    Residential Land in St. Augustine
    $140,000
    0.40 Acres

    Residential Land in St. Augustine

    Two residential lots for sale near historic St. Augustine.

    1167 King Street Ext, St Augustine, FL 32084
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    Versatile Corner Lot with Utilities
    $54,500
    1.01 Acres

    Versatile Corner Lot with Utilities

    One-acre corner lot with utilities, bathhouse, and pole barn.

    300 Fescue Rd, Saltillo, TN 38370
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    Land For Sale, Lexington, TN
    Contact for pricing
    6.10 Acres

    Land For Sale, Lexington, TN

    6.1 acre land parcel available in Lexington, Tennessee.

    Franklin Ave, Lexington, TN 38351
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    Huron, TN Wooded Land
    $55,000
    5.04 Acres

    Huron, TN Wooded Land

    5 acre wooded lot ready for your dream home.

    1059 Pollock Rd, Huron, TN 38345
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    Land with Utilities Ready
    $75,000
    5.95 Acres

    Land with Utilities Ready

    5.95 acres ready for building with utilities in Lexington.

    119 Lawrence Rd, Lexington, TN 38351
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    Residential Lot in Lexington, TN
    Contact for pricing
    1.02 Acres

    Residential Lot in Lexington, TN

    Vacant residential lot within city limits.

    Climer St, Lexington, TN 38351
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    St. Augustine Buildable Lot
    $125,000
    0.21 Acres

    St. Augustine Buildable Lot

    Buildable 0.21-acre lot for new home construction.

    12Th St, St Augustine, FL 32084
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    Commercial Lot on 103rd Street
    $350,000
    0.79 Acres

    Commercial Lot on 103rd Street

    Prime 0.79-acre commercial lot with high visibility and access.

    7030 103Rd St, Jacksonville, FL 32210
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    Waterfront Land in Savannah, TN
    $85,000
    0.91 Acres

    Waterfront Land in Savannah, TN

    0.91 acre lot with Tennessee River access.

    Cravens Rd, Savannah, TN 38372
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    Renovated Commercial Space in Milan
    $650,000
    6,480 SF

    Renovated Commercial Space in Milan

    6,400+ sq ft renovated building suitable for retail or fitness.

    1077 S Main St, Milan, TN 38358
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    Decaturville Land For Sale
    $72,900
    6.88 Acres

    Decaturville Land For Sale

    6.88 acres of pasture land with road frontage.

    Old Stage Rd, Decaturville, TN 38329
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    48.9 Acres Wooded Land
    $268,950
    48.90 Acres

    48.9 Acres Wooded Land

    48.9 acres of wooded land with road frontage.

    Shady Hill Rd, Lexington, TN 38351
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    Residential Land in Serene Location
    $175,000
    0.14 Acres

    Residential Land in Serene Location

    Vacant lot in established neighborhood, ready for new construction.

    14425 Aldea Cove Dr, Jacksonville, FL 32224
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    Unrestricted Land in Wildersville, TN
    $59,900
    22.17 Acres

    Unrestricted Land in Wildersville, TN

    22 acres of unrestricted land near I-40.

    County Line Rd, Wildersville, TN 38388
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    Parsons, TN Land Near River
    $105,000
    14.42 Acres

    Parsons, TN Land Near River

    14.42-acre property near Tennessee River with potential for recreation.

    1124 Lick Creek Boat Dock Loop, Parsons, TN 38363
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    Unrestricted Land For Sale
    Contact for pricing

    Unrestricted Land For Sale

    Two acre parcel of land with no restrictions.

    000 Highway 104 South, Lexington, TN 38351
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    Decaturville TN Land Investment Opportunity
    $41,280

    Decaturville TN Land Investment Opportunity

    149,846 sq ft, Two Parcels Available

    000 Old Stage Rd, Decaturville, TN 38329
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    High-Visibility Commercial Land in TN
    $299,990
    2.30 Acres

    High-Visibility Commercial Land in TN

    Prime 2.3-acre corner lot, I-40 access.

    70 Rock Springs Rd, Wildersville, TN 38388
    View details
    Lexington Retail Center - Prime Location
    $750,000
    1,248 SF

    Lexington Retail Center - Prime Location

    High-traffic retail space, 5 acres, $750,000.

    862 Broad St, Lexington, TN 38351
    View details

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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
    RE/MAX Unlimited
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