Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    833 University St Martin, TN 38237

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial development land near University of Tennessee Martin campus.

    Lot size:
    7.55 Acres

    Property Features for 833 University St

    General Information

    Lot size
    7.55 Acres

    We can help!

    Listing Contact
    Stan Clampitt
    Stan Clampitt
    Source: Buchananrealtygroup

    Listing Agency: Buchanan Realty Group Listing Agent: Stan Clampitt

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

    Learn more

    Overview

    Martin, Tennessee Commercial Development Land

    This commercial development land is located in Martin, Tennessee, in close proximity to the University of Tennessee Martin campus. The property is situated near the busiest intersection in the market and offers access to the trade area population of 38,692, as well as the 8,000 students at the University. Located at the intersection of Skyhawk Parkway & University Street, the site benefits from traffic counts exceeding 12,000 vehicles per day. The trade area has an average household income of $45,721 and presents a $139 million retail opportunity, with a total of $505 million in trade area consumer spending. The available tracts range from 0.5 acres to 2 acres and have all city services.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Martin
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.87464
    Latitude
    36.348545

    Nearby Similar for Sale

    • $325,000
      Pending

      Retail Opportunity in Martin, TN

      Retail property for sale in Martin, Tennessee.
      785 Main St, Martin, TN 38237
      View Details
    • $750,000
      16,700 SF

      Grocery Store Ready Retail Building

      Freestanding retail building equipped for grocery or food retail.
      4200 Skyhawk Pkwy, 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
    • $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
    • $990,000
      Pending

      Martin, TN Industrial Building

      52,000+/- SF industrial building in Martin, TN for sale.
      1445 Main St, Martin, TN 38237
      View Details
    • New
      $150,000
      5,000 SF

      Historic Downtown Martin Retail Opportunity

      Retail space in historic downtown Martin with business and investment potential.
      220 S Lindell St, Martin, TN 38237
      View Details
    • $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
    • $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
    • $119,900
      0.34 Acres

      Duplex in Martin, Tennessee

      Duplex in Martin with rental income potential.
      315 S Mccombs St, Martin, TN 38237
      View Details
    • $169,900
      0.28 Acres

      Martin TN Triplex For Sale

      Triplex in Martin, TN with income potential and detached garage.
      107 Ryan 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
    • $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

    FAQs

    What type of property is this?
    Commercial land - Commercial development land near University of Tennessee Martin campus.
    Where is this commercial land located?
    The property is located at 833 University St Martin, TN.
    What are key features of this property?
    This property features: - Located in close proximity to the University of Tennessee Martin campus, providing access to 8,000 students.; - Located at the intersection of Skyhawk Parkway & University Street with traffic counts over 12,000 vpd.; - Trade area consumer spending totals $505 million.
    (731) 225-3330
    Request Owner's contact information
    833 University St 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.
    833 University St
    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
    833 University St 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
    Stan Clampitt
    Stan Clampitt
    Real Estate License ID: #352651
    (731) 225-3330 (731) 300-3071
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!