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
    Property profile & analytics

    39 Madison Dr Humboldt, TN 38343-8587

    • Commercial real estate
    • 10,000 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0144710
    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

    • Automania / Used Car Dealer

    Property Details for 39 Madison Dr

    Year built
    1999
    Construction
    FRAME
    Lot size
    0.65 lot acres
    Property size
    10,000 SF
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    057016F A 00500
    APU
    057016FA00500

    Description

    This exceptional 10,000-square-foot mixed-use warehouse presents a remarkable opportunity for owner-occupancy or investment. Situated on a spacious 28,314-square-foot lot at 39 N Madison Drive in Humboldt, Tennessee, this single-story building boasts a prime location less than 30 minutes from Ford's new Blue Oval City. Built in 1999, the property features five convenient roll-up doors, facilitating efficient loading and unloading. Inside, you'll find two offices and two bathrooms, with ample room for expansion, including the potential addition of a shower. A mezzanine level provides valuable extra storage space. The building itself and the asphalt are in excellent condition. This property offers a rare combination of functionality, location, and condition, making it an ideal choice for a variety of businesses. Its strategic proximity to a rapidly developing area of West Tennessee ensures strong potential for future growth and return on investment. The property's versatility and well-maintained features make it a truly compelling opportunity. The 38343 zip code offers easy access to major transportation routes, further enhancing its appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,120,000
      Market price range: $321k - $2.60M
      AI Estimate
      $995,000
      Market price range: $434k - $1.66M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,195,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Humboldt
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8453
    Latitude
    35.7539
    CBSA code
    27180
    CBSA name
    JACKSON, 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
    2022
    $2,650
    $31,840
    $83,920
    $115,760
    -
    $79,600
    $209,800
    $289,400

    Comparable in this City

    • Value Estimation by Request

      Maclin St

      Multifamily properties
      0 Maclin St, Humboldt, TN 38343
      View Details
    • Value Estimation by Request

      00 Central Ave

      Multifamily properties
      00 Central Ave, Humboldt, TN 38343
      View Details
    • Value Estimation by Request
      0.10 Acres

      Rr R

      COMMERCIAL (GENERAL) • 0.10 Acres
      Rr R, Humboldt, TN 38343
      View Details
    • Value Estimation by Request
      0.09 Acres

      402 17th Ave

      COMMERCIAL (GENERAL) • 0.09 Acres
      402 17th Ave, Humboldt, TN 38343
      View Details
    • Value Estimation by Request
      0.43 Acres

      900 22nd Ave

      COMMERCIAL (GENERAL) • 0.43 Acres
      900 22nd Ave, Humboldt, TN 38343-2666
      View Details
    • Value Estimation by Request
      0.27 Acres

      Central Ave

      COMMERCIAL (GENERAL) • 0.27 Acres
      Central Ave, Humboldt, TN 38343
      View Details

    Similar Nearby for Sale

    • $5,000,000

      Humboldt, TN Development Land

      52+ Acres, Highway 45 Frontage
      00 Highway 45 Byp, Humboldt, TN 38343
      View Details
    • $325,000
      3,399 SF

      Humboldt Executive Office Building

      Prime Location, 3399 sq ft, $325k
      316 22Nd Ave, Humboldt, TN 38343
      View Details
    • $120,000

      Humboldt TN Industrial Land for Sale

      87,120 SF Vacant Commercial Lot
      00-lot Mullins Ave, Humboldt, TN 38343
      View Details
    • $985,000

      Prime Commercial Land Humboldt, TN

      1.7 Acres, Highway 45 Bypass, $985,000
      308 Highway 45 Byp, Humboldt, TN 38343
      View Details
    • $325,000

      Humboldt TN Land Investment Opportunity

      14.6 Acres, Prime Location, Development Potential
      0 Viking Dr, Humboldt, TN 38343
      View Details
    • Contact for pricing
      1.00 Acre

      Humboldt Development Land Opportunity

      Prime TN location, flexible uses, ample acreage.
      2800 Central Ave, Humboldt, TN 38343
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      Humboldt Village Commons Retail Space

      Prime Retail Space, Humboldt, TN
      2841 Central Ave, Humboldt, TN 38343
      View Details
    • $10 SF/Yr
      9,465 SF

      Humboldt Flex Warehouse - For Lease/Sale

      9,465 SF Flex Space, 20 Docks, 7.15 Acres
      3545 Mitchell St, Humboldt, TN 38343
      View Details
    • Contact for pricing
      9,692 SF

      Humboldt, TN Retail Space For Sale

      9,692 SF Freestanding Retail Building
      2214 Osborne St, Humboldt, TN 38343
      View Details
    • $2 SF/Yr
      79,000 SF

      Humboldt Warehouse Space Available

      79,000 SF warehouse with dock height doors for lease.
      312 S 14Th Ave, Humboldt, TN 38343
      View Details
    • $3 SF/Yr
      40,000 SF

      Humboldt Warehouse with Rail Access

      Available warehouse space with dedicated docks and rail access.
      1101 Mcknight St, Humboldt, TN 38343
      View Details
    • $10 SF/Yr
      9,465 SF

      Humboldt Warehouse/Office on 7.15 Acres

      9,465 SF warehouse/office on 7.15 acres, prime corner lot.
      3545 Mitchell St, Humboldt, TN 38343
      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.
    39 Madison Dr
    Humboldt, TN 38343-8587
    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.