Add Listing
    For Sale
    • 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

    LOT 4 ECHO LAKE Germantown, TN 38139

    View on Map
    Claim this Listing
    For Sale
    $550,000

    Land - Germantown, TN

    Lot size:
    2.19 Acres
    Added:
    Apr 10, 2023
    Days on Market:
    1112
    Last Refresh:
    Apr 25 at 2:06 pm

    Property Features for LOT 4 ECHO LAKE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    Lot size
    2.19 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6593

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Edwin Scruggs

    Listing agent Edwin Scruggs

    Listing office BHHS Taliesyn Realty 465 Jack Kramer Dr., Ste 1, Memphis, TN

    Listing date Apr 10, 2023

    MLS# 10145569 Listing URL

    Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Germantown Acreage in Gated Community

    This 2.19-acre wooded lot is located in the gated community of Glen Echo Estates in Germantown, Tennessee. Situated in a quiet cove, the property offers privacy and a peaceful setting. The homesite is surrounded by custom homes and mature trees, providing a canvas for a custom estate. The neighborhood features scenic lake views. The property is located minutes from Germantown schools, shopping, dining, and major medical centers. With paved access, the lot provides space for a luxury home, pool, and outdoor living. This is one of the last remaining estate lots in Glen Echo Estates.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Germantown
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7555692
    Latitude
    35.0729949

    Nearby Similar for Sale

    • $4,050

      Germantown Office Space Available

      Office space for lease in Germantown, Tennessee.
      9056 CORPORATE GARDENS, Germantown, TN 38138
      View Details
    • $139,900

      Turn-Key Medical Office Space

      Move-in ready medical office near hospitals and retail.
      1900 KIRBY, Germantown, TN 38138
      View Details
    • $250,000

      Germantown Land in Sanders Ridge

      Residential land in a distinguished Germantown subdivision.
      2447 SANDERS RIDGE, Germantown, TN 38138
      View Details
    • $350,000

      Germantown Land For Sale

      2.03 acre building lot in Western Germantown.
      6986 WESTERN, Germantown, TN 38138
      View Details
    • $300,000

      Germantown Land For Sale

      Two-acre building or development lot in Western Germantown.
      7017 WESTERN, Germantown, TN 38138
      View Details
    • $200,000

      Germantown Land Parcel For Sale

      Residential land available in Germantown, Tennessee.
      2201 SUNSET, Germantown, TN 38138
      View Details
    • $460,000

      Germantown Land in Gated Community

      Premier homesite in Germantown's sought-after, gated Pinnacle community.
      7964 TAYLOR FARMS, Germantown, TN 38138
      View Details
    • $350,000

      Estate Lot in Sanders Ridge

      Half-acre estate lot in Germantown's Sanders Ridge.
      2472 SANDERS RIDGE, Germantown, TN 38138
      View Details
    • $495,000

      Land in Gated Germantown Enclave

      Residential land available in a gated luxury home community.
      7772 RADFORD RIDGE, Germantown, TN 38138
      View Details
    • Contact for pricing
      10,985 SF

      Germantown Retail Space For Sale

      10,985 SF building in the heart of Germantown, Tennessee.
      9289 Poplar Avenue, Germantown, TN 38138
      View Details
    • Contact for pricing
      1,373 SF

      Germantown Retail Spaces on Poplar

      Two retail spaces with drive-thru potential on Poplar Avenue.
      9451 Poplar Avenue, Germantown, TN 38138
      View Details
    • Contact for pricing

      Functional Office Property Sublease

      Office sublease opportunity with strong visibility and convenient location.
      1790 Kirby Parkway, Germantown, TN 38138
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.19-acre wooded lot in prestigious Glen Echo Estates.
    Where is this residential land & home lot located?
    The property is located at LOT 4 ECHO LAKE Germantown, TN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Exclusive gated community: One of the last remaining estate lots in the prestigious Glen Echo Estates.; Large, private lot: **2.19‑acre wooded lot in a quiet cove, offering privacy and a peaceful setting.**; Prime Germantown location: Minutes from top‑rated schools, shopping, dining, and major medical centers.
    (901) 466-4000
    We can help!
    Listing Contact
    Edwin Scruggs
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!