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    900 Ellington Pkwy Lewisburg, TN 37091

    Sponsored
    For Sale
    $1,200,000

    4.88 Acres, High Visibility, I-65 Access

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    346
    This exceptional 4.88-acre commercial property in Lewisburg, Tennessee, presents a remarkable investment opportunity. Located on Ellington Parkway, this level lot boasts excellent visibility and high traffic flow, making it ideal for a wide range of business ventures. The property's zoning permits up to 52 different business types, offering significant flexibility for potential buyers. All essential utilities are readily available, including city water, sewer, and electricity, simplifying development and operational costs. The strategic location offers easy access to Interstate 65, providing convenient connections to both Nashville and Huntsville. Furthermore, the property is within a 30-minute radius of Shelbyville, Pulaski, and Columbia, ensuring a strong regional market reach. Lewisburg and Marshall County are experiencing significant growth, making this a smart choice for businesses seeking relocation or expansion. The property's size and location combine to create a compelling opportunity for substantial return on investment. Prospective buyers are responsible for verifying all information deemed important to their purchase decision. This is a rare chance to acquire a prime commercial parcel in a thriving Tennessee community. Don't miss this chance to establish your business in a high-growth area with exceptional accessibility and visibility.

    Property Features for 900 Ellington Pkwy

    General Information

    Property type
    Investment properties
    Lot Size
    212,573 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    World Finance Loan Agency ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisburg
    County
    Marshall County, TN
    State
    Tennessee
    Longitude
    -86.78267
    Latitude
    35.46386

    Nearby Comparable

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      Lewisburg Commercial Development Tract

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    • Contact for pricing
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    Nearby Similar for Sale

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      Lewisburg Office Building - Prime Location

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    • $899,000
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      Lewisburg Commercial Development Tract

      High-traffic 5.48-acre lot, C-2 & Light Industrial zoning.
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    • $479,000
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      Lewisburg Industrial Land - 5 Acres

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    • $650,000
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      Lewisburg Commercial Development Land

      High-traffic location, ready to build.
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      Prime 1-acre lot, C2 zoning, near new developments.
      1429 New Columbia Hwy, Lewisburg, TN 37091
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    • $5,874,000
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      Luxury Farm & Event Venue in TN

      124 Acres, Two Homes, Event Center
      1190 Ellington Pkwy, Lewisburg, TN 37091
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    • $950,000
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      Lewisburg Retail Center - High Growth Area

      8,400 SF Retail Space, 2 Leased Units, Expansion Potential
      1175 Ellington Pkwy, Lewisburg, TN 37091
      View Details
    • $115,000
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      Lewisburg Mixed-Use Investment Opportunity

      Restaurant-Approved, Fully Remodeled, High-Traffic Location
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    • $120,000
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      Lewisburg Mixed-Use Investment Opportunity

      High-potential mixed-use property near the square.
      232 Commerce St, Lewisburg, TN 37091
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    FAQs

    What type of property is this?
    Investment property - 4.88 Acres, High Visibility, I-65 Access
    Where is this investment property located?
    The property is located at 900 Ellington Pkwy Lewisburg, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (931) 359-9393
    Request Owner's contact information
    900 Ellington Pkwy Lewisburg, TN 37091
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    Lewisburg, TN 37091
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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.

    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
    900 Ellington Pkwy Lewisburg, TN 37091
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