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    3450 Tom Austin Hwy Springfield, TN 37172

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    For Lease
    Contact for pricing

    Former dealership available for lease with outparcel opportunity.

    Property size:
    13,527 SF
    Lot size:
    3.21 Acres

    Property Features for 3450 Tom Austin Hwy

    General Information

    Size
    13,527 SF
    Lot size
    3.21 Acres

    We can help!

    Listing Contact
    Jon Petty
    Source: Moodyscre

    Listing Agent: Jon Petty

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

    Learn more

    Property Insight Report

    Overview

    Former Dealership with Outparcel Opportunity

    A former dealership is available for lease, presenting an opportunity for retail use. The owner is open to various retail applications and willing to consider repurposing the property. An existing 13,527-square-foot building is available, accompanied by a car lot. Additionally, there is an outparcel opportunity for a proposed 5,923-square-foot building available for ground lease. Additional land is also available. The property is projected to be available in Summer 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mopar Service Auto Repair Shop Gupton Motors, Inc Car Dealer Gupton Motors Inc ... Ram Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Robertson
    State
    Tennessee
    Longitude
    -86.885799
    Latitude
    36.485236

    Nearby Similar for Lease

    • Contact for pricing
      11,000 SF

      Retail Space in Proposed Center

      Proposed retail spaces available in Springfield, Tennessee.
      3500 Tom Austin Hwy, Springfield, TN 37172
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    • Contact for pricing
      5,923 SF

      Retail Opportunity Available Summer 2026

      Former dealership or outparcel opportunity for lease in Springfield.
      3438 Tom Austin Hwy, Springfield, TN 37172
      View Details
    • Contact for pricing
      5,066 SF

      Retail Space Near Walmart

      Retail space fronting Tom Austin Highway, near Walmart.
      3418 Tom Austin Hwy, Springfield, TN 37172
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    • $12 SF/Yr
      22,480 SF

      Industrial Warehouse with Fenced Lot

      Freestanding industrial building with fully fenced lot for lease.
      800 Bill Jones Industrial Dr, Springfield, TN 37172
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    • $5,000 /Mo
      2,400 SF

      Retail Pad Site For Lease

      2,400 SF retail pad site available for ground lease.
      2500-2600 Memorial Blvd, Springfield, TN 37172
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    FAQs

    What type of property is this?
    Specialty property - Former dealership available for lease with outparcel opportunity.
    Where is this specialty property located?
    The property is located at 3450 Tom Austin Hwy Springfield, TN.
    What are key features of this property?
    This property features: - High-visibility location suitable for retail with flexible repurposing options.; - Option for existing 13,527 SF building with car lot or a new 5,923 SF ground lease.; - Owner open to a variety of retail uses.
    (615) 584-0787
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    3450 Tom Austin Hwy Springfield, TN 37172
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    Springfield, TN 37172
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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.

    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
    3450 Tom Austin Hwy Springfield, TN 37172
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    Listing Contact
    Jon Petty
    (615) 584-0787
    Learn more
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