Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Industrial Land For Sale Title is generated by Realmo AI

    000Lot 6-B Mullins Avenue, Humboldt, TN 38343

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Vacant land suitable for industrial use.

    Type:Land, Industrial
    Added:
    Nov 7, 2024
    Days on Market:
    572
    Last Refresh:
    May 12 at 9:33 pm

    Property Features for 000Lot 6-B Mullins Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land, Industrial

    We can help!

    Listing Contact
    Joan Smith

    Listing agent Joan Smith License #TN 204932

    Listing office Heritage Real Estate, Inc

    Listing date Nov 7, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Heritage Real Estate, Inc

    HighLights

    • Vacant land ready for your vision.
    • Surrounded by industry, offering potential synergies.
    • Prime location.

    Overview

    This vacant land is surrounded by industrial properties, presenting various possibilities for potential development. The location may be suitable for a range of industrial uses.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Humboldt
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.905715
    Latitude
    35.832901

    Nearby Similar for Sale

    • $919,900
      10,000 SF

      Versatile Commercial Building Near Highway

      10,000 sqft commercial building with showroom, office, and warehouse space.
      39 N Madison Drive, Humboldt, TN 38343
      View Details
    • $159,900
      3,395 SF

      Humboldt Commercial Building with Potential

      Classic brick building in Humboldt, TN, ready for your vision.
      202 N 14th Avenue, Humboldt, TN 38343
      View Details
    • $975,000
      9,390 SF

      Humboldt Warehouse/Office on Large Lot

      Versatile warehouse and office space on a 7.15-acre corner lot.
      3545 Mitchell Street, Humboldt, TN 38343
      View Details
    • $309,900
      2,448 SF

      Commercial Building in Three Way

      Commercial building suitable for office, retail, or ventilation-requiring businesses.
      44 Three Way Lane, Humboldt, TN 38343
      View Details
    • $64,900
      400 SF

      Retail Property in Downtown Humboldt

      Retail property with historic charm and functional design in Humboldt.
      106 N 14th Avenue, Humboldt, TN 38343
      View Details
    • $145,000
      3,360 SF

      Updated Commercial Property in Humboldt

      Updated commercial property in high-traffic area suitable for retail/office.
      1304 E Main Street, Humboldt, TN 38343
      View Details
    • $150,000
      7,520 SF

      Humboldt Commercial Property For Sale

      Commercial property in Humboldt, TN, featuring two buildings and ample parking.
      504 W Main Street, Humboldt, TN 38343
      View Details
    • $135,000
      1,595 SF

      Renovated Commercial Space in Humboldt

      Renovated 1595 sqft commercial space in Downtown Humboldt.
      207 S 14th Avenue, Humboldt, TN 38343
      View Details
    • $275,000
      9,900 SF

      Historic Downtown Humboldt Commercial Property

      9900+ sq ft commercial space in historic downtown Humboldt.
      204 S 14th Avenue, Humboldt, TN 38343
      View Details
    • $119,000

      Humboldt, TN Commercial Land

      1.43 acres of B-2 zoned commercial land.
      3520-3530 Eastend Drive, Humboldt, TN 38343
      View Details
    • $400,000

      Prime Humboldt Land For Sale

      Approximately 20 acres in a high-traffic retail area.
      N Central Avenue, Humboldt, TN 38343
      View Details
    • $325,000

      Commercial Lot on Highway Corner

      2.26-acre commercial lot ready for development on signalized corner.
      600 Hwy 45 Bypass, Humboldt, TN 38343
      View Details

    FAQs

    What type of property is this?
    Industrial land - Vacant land suitable for industrial use.
    Where is this industrial land located?
    The property is located at 000Lot 6-B Mullins Avenue Humboldt, TN.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Vacant land ready for your vision.; Surrounded by industry, offering potential synergies.; Prime location.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joan Smith
    Real Estate License ID: TN 204932
    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

    Thank You for Inquiry
    000Lot 6-B Mullins Avenue, Humboldt, TN 38343
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!