Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Highland Ave Martin, TN 38237

    Sponsored
    For Sale
    $99,900

    Building Lots - Martin, TN

    Type:Single Family Residence
    Lot size:
    1.70 Acres
    Days on Market:
    387
    Last Refresh:
    Feb 10 at 8:06 am

    Property Features for Highland Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    004.00
    Lot size
    1.70 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    DAVID SUDBERRY
    DAVID SUDBERRY

    Tennessee United Real Estate, LLC (731) 588-4100

    Listing agent DAVID SUDBERRY (731) 588-4100 License #340772

    Listing date Jan 20, 2025

    MLS# 45247 Listing URL

    Copyright © 2026 Reelfoot Regional 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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Martin, TN

    This 1.7+- acre parcel of land is zoned R-1 and located in Martin, TN. The property is suitable for residential development and can be subdivided into four lots of considerable size. The land is level and features some trees. All utilities are available at the street. The surrounding area is currently undergoing revitalization. Intended use of the property is residential. Buyer is responsible for verifying square footage and acreage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Martin
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.836292
    Latitude
    36.337938

    Nearby Similar for Sale

    • $1,300,000
      12,940 SF

      Commercial Property in Downtown Martin

      Prime commercial property with established businesses and growth potential.
      115 Neal St, Martin, TN 38237
      View Details
    • $1,300,000
      12,940 SF

      Commercial Property in Downtown Martin

      Prime commercial property with established businesses and growth potential.
      115 Neal St, Martin, TN 38237
      View Details
    • $1,300,000
      12,940 SF

      Commercial Property in Downtown Martin

      Prime commercial property with established businesses and growth potential.
      115 Neal St, Martin, TN 38237
      View Details
    • $549,900
      2,710 SF

      Martin TN Fourplex Investment Property

      Four rental units near University Street in Martin, Tennessee.
      116 Summer St, Martin, TN 38237
      View Details
    • New
      $150,000
      Pending

      Land Ready for Horses

      Rural 6.7-acre tract configured for horses in Martin, Tennessee.
      705 Smith Rd, Martin, TN 38237
      View Details
    • $299,900
      3,356 SF

      Restaurant Ready for New Vision

      Former BBQ restaurant with equipment, ready for new commercial venture.
      935 Main St, Martin, TN 38237
      View Details
    • $175,000
      Pending

      Income-Producing Duplex Near UT Martin

      Duplex near University of Tennessee at Martin, great investment opportunity.
      405 Jackson St, Martin, TN 38237
      View Details
    • $175,000
      Pending

      Income-Producing Duplex Near UT Martin

      Duplex near University of Tennessee at Martin, ideal for investors.
      405 Jackson St, Martin, TN 38237
      View Details
    • $745,000
      7,000 SF

      Leased Mixed-Use Investment Opportunity

      Fully leased mixed-use property with retail and residential units.
      233 S Lindell St, Martin, TN 38237
      View Details
    • $745,000
      7,000 SF

      Mixed-Use Investment Opportunity, Martin TN

      Fully leased mixed-use property with retail and residential units.
      233 S Lindell St, Martin, TN 38237
      View Details
    • $745,000
      7,000 SF

      Leased Mixed-Use Investment Opportunity

      Fully leased mixed-use property with retail and residential units.
      233 S Lindell St, Martin, TN 38237
      View Details
    • $485,000
      Pending

      Martin TN Self-Storage Facility

      19,000+ sqft self-storage facility on 3.72 acres.
      101 Parrish St, Martin, TN 38237
      View Details

    FAQs

    What type of property is this?
    Land - 1.7+- acre residential land suitable for subdivision.
    Where is this land located?
    The property is located at Highland Ave Martin, TN.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - Zoned R-1, allowing subdivision into four lots.; - Large 1.7+- acre lot size.; - Level land with some trees.
    (731) 819-0857
    Request Owner's contact information
    Highland Ave Martin, TN 38237
    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.
    Highland Ave
    Martin, TN 38237
    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
    Highland Ave Martin, TN 38237
    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

    We can help!
    Listing Contact
    DAVID SUDBERRY
    DAVID SUDBERRY
    Real Estate License ID: 340772
    (731) 819-0857
    Learn more
    Google sign-in failed. Please try again or use another login method.