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    For Sale (25)

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    Ridgely Commercial Building For Sale
    $145,000
    2,120 SF

    Ridgely Commercial Building For Sale

    Commercial building in the heart of Ridgely, Tennessee.

    124 S Main St, Ridgely, TN 38080
    View details
    Residential Land in Gated Community
    Contact for pricing
    0.57 Acres

    Residential Land in Gated Community

    Land with amenities in a serene, gated community near river.

    Mill Dr, Decatur, TN 37322
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    9-Acre Development Opportunity in Union
    $220,500
    9.00 Acres

    9-Acre Development Opportunity in Union

    Undeveloped 9-acre tract near I-69 interchange, ideal for development.

    Reese Alexander Rd, Union City, TN 38261
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    Land Available in Dyersburg, TN
    $59,900

    Land Available in Dyersburg, TN

    Land for sale in Dyersburg, Tennessee.

    Harrison Rd, Dyersburg, TN 38024
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    Dyersburg Land For Sale
    $35,000
    2.23 Acres

    Dyersburg Land For Sale

    2.23 acre lot within city limits of Dyersburg, TN.

    Morgan Rd, Dyersburg, TN 38024
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    Dyersburg Land For Sale
    $40,000
    2.23 Acres

    Dyersburg Land For Sale

    2.23 acre lot within city limits, recently mowed.

    Industrial Dr, Dyersburg, TN 38024
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    Dyersburg Land Near Railroad
    $40,000
    2.23 Acres

    Dyersburg Land Near Railroad

    2.23 acre lot within city limits, near railroad.

    Industrial Dr, Dyersburg, TN 38024
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    Dyersburg Land For Sale
    $40,000
    2.23 Acres

    Dyersburg Land For Sale

    2.23 acre lot in city limits, recently mowed.

    Industrial Dr, Dyersburg, TN 38024
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    Dyersburg Commercial Property on Highway
    $249,900
    4,000 SF

    Dyersburg Commercial Property on Highway

    4000 SF commercial building with high traffic frontage.

    345 Us-51 Byp, Dyersburg, TN 38024
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    Newbern Commercial Property with Storage
    $625,000
    20,000 SF

    Newbern Commercial Property with Storage

    Commercial building with storage units in Newbern, Tennessee.

    645 N Grayson St, Newbern, TN 38059
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    Residential Land in Newbern, TN
    $32,900
    1.15 Acres

    Residential Land in Newbern, TN

    1.15-acre lot ready for your dream home.

    Edgewood Rd, Newbern, TN 38059
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    Residential Lot in Rolling Meadows
    $36,000
    0.37 Acres

    Residential Lot in Rolling Meadows

    Residential building lot in established Dyersburg subdivision.

    102 Westwood Cv, Dyersburg, TN 38024
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    Residential Land in Gated Community
    $79,000
    0.21 Acres

    Residential Land in Gated Community

    Building lot in a gated Dyersburg neighborhood with potential.

    22 Hampton Pl, Dyersburg, TN 38024
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    Dyersburg Land Opportunity
    $300,000
    6.70 Acres

    Dyersburg Land Opportunity

    6.7 acres of land convenient to Dyersburg's amenities.

    Community Park Rd, Dyersburg, TN 38024
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    61-Acre Farm in Newbern, TN
    $520,000
    61.00 Acres

    61-Acre Farm in Newbern, TN

    61-acre farm, perfect for building a dream home.

    Biffle Rd, Newbern, TN 38059
    View details
    Highway Frontage Land in Friendship
    $120,000
    5.00 Acres

    Highway Frontage Land in Friendship

    5+/- acre tract on HWY 412 with development potential.

    10100 S Us Highway 412, Friendship, TN 38034
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    Highway Frontage Land in Friendship
    $220,000
    10.00 Acres

    Highway Frontage Land in Friendship

    10+/- acre tract on HWY 412 with development potential.

    10100 Us Highway 412, Friendship, TN 38034
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    Highway Frontage Land in Friendship
    $120,000
    5.00 Acres

    Highway Frontage Land in Friendship

    5+/- acre tract on HWY 412 with development potential.

    10100 N Us Highway 412, Friendship, TN 38034
    View details
    Farmland in Newbern, Tennessee
    $135,000
    21.50 Acres

    Farmland in Newbern, Tennessee

    21.5 acres of level farmland suitable for various operations.

    Cross Country Rd, Newbern, TN 38059
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    Dyersburg Commercial Opportunity on Highway
    $399,900
    2,450 SF

    Dyersburg Commercial Opportunity on Highway

    Commercial property on 3.5 acres with high visibility.

    1500 By- Pass, Dyersburg, TN 38024
    View details
    Newbern Land for Dream Home
    $46,900
    2.00 Acres

    Newbern Land for Dream Home

    2-acre lot in Newbern, TN, ready for your dream home.

    Edgewood Rd, Newbern, TN 38059
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    Residential Lot in Gated Neighborhood
    $59,000
    0.17 Acres

    Residential Lot in Gated Neighborhood

    Residential lot for sale in a gated Dyersburg neighborhood.

    27 Hampton Pl, Dyersburg, TN 38024
    View details
    38-Acre Farm Near Reelfoot Lake
    $229,000
    38.80 Acres

    38-Acre Farm Near Reelfoot Lake

    38-acre farm with pasture, woods, and peach orchard near Reelfoot Lake.

    4211 Old Samburg Rd, Hornbeak, TN 38232
    View details
    Commercial Lot in Dyersburg, TN
    $120,000
    0.55 Acres

    Commercial Lot in Dyersburg, TN

    Commercial land for sale, ready for development in Dyersburg.

    Vendall Rd, Dyersburg, TN 38024
    View details
    Residential Land in Gated Neighborhood
    $79,000
    0.17 Acres

    Residential Land in Gated Neighborhood

    Building lot in a wonderful, gated neighborhood with low maintenance.

    25 Hampton Pl, Dyersburg, TN 38024
    View details

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    Tennessee Realty
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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
    Tennessee Realty
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