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    1 Tom Austin Hwy Springfield, TN 37172

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    For Sale
    $7,500,000

    Almost 67-acre farm suitable for mixed-use or residential development.

    Property Features for 1 Tom Austin Hwy

    General Information

    Standard status
    Active

    Source: RE/MAX 1ST CHOICE Agent DEMETRIA WHITE

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

    Overview

    Almost 67-Acre Development Opportunity

    This almost 67-acre farm offers development opportunities and is located 5 miles from the Davidson County Line and less than 30 minutes from Downtown Nashville. The property, which the owner will divide, features road frontage on Tom Austin Highway and Old 431. The east side of Tom Austin Highway has 1,984 feet of frontage, while Old 431 has a total of 847 feet of frontage. The gently rolling pastures and views provide an ideal setting for a mixed-use development, residential subdivision, or private estate community. Sewer infrastructure access has been placed under the main highway to allow easy access in the future. According to TN Road Information, this location averaged 15,247 cars passing daily in 2024.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Garden Center Furniture Store Convenience Store Bed & Breakfast Bike Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Robertson
    State
    Tennessee
    Longitude
    -86.896555
    Latitude
    36.441981

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    FAQs

    What type of property is this?
    Agricultural land - Almost 67-acre farm suitable for mixed-use or residential development.
    Where is this agricultural land located?
    The property is located at 1 Tom Austin Hwy Springfield, TN.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: - Almost 67 acres of land suitable for mixed-use development, residential subdivision, or private estate community.; - Conveniently located less than 30 minutes from Downtown Nashville.; - Road frontage on Tom Austin Hwy (1984') and Old 431 (847').
    Request Owner's contact information
    1 Tom Austin Hwy Springfield, TN 37172
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    Realmo Value Estimation

    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.

    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
    1 Tom Austin Hwy Springfield, TN 37172
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