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    Tennessee Farm with Luxury Residences Title is generated by Realmo AI

    1267 Wades Branch Road, Centerville, TN 37033

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    Claim this Listing
    For Sale
    $5,550,000

    Farm/Estate - Centerville, TN

    Type:Farm
    Property size:
    3,500 SF
    Lot size:
    579.00 Acres
    Price / SF:
    $1,585/SF
    Added:
    May 14, 2026
    Days on Market:
    20
    Last Refresh:
    Jun 2 at 5:06 am

    Property Features for 1267 Wades Branch Road

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Parking features
    Garage
    Standard status
    Active
    Size
    3,500 SF
    Lot size
    579.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brandon Pendergrass

    Listing agent Brandon Pendergrass

    Listing office Hayden Outdoors Real Estate 320 Ski Pond Road, Sylvania, TN

    Listing date May 14, 2026

    MLS# 11792935 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 579‑acre farm offering beauty, productivity, and recreation with mature timber, pasture, food plots, trails, live water, and fencing.
    • Main residence built in 2019 featuring 2,740 sq ft, 3 bedrooms, 2.5 bathrooms, high‑speed fiber internet, Generac backup power, hot tub room, and heated/cooled garage with tornado shelter.
    • Extensive infrastructure including a 70'x40' shop with RV hookups, a truck wash, multiple hay barns, a renovated workshop, and a walk‑in cooler.
    • Second residence (3 bedrooms, 2 bathrooms) suitable for a caretaker, guests, or family.
    • Excellent fencing and facilities ideal for cattle operations, hay production, and hunting.
    • Prime hunting location with established food plots, deer stands, and proximity to Beaver Dam Creek Wildlife Management Area.

    Overview

    This 579-acre farm in middle Tennessee features mature timber, pasture, food plots, trails, live water, and fencing. Located a few miles from Centerville, the property includes multiple barns, a truck wash, and two homes. The land is suited for cattle operations, hay production, hunting, or use as a private retreat. Miles of trails provide access throughout the farm. Natural springs and year-round creeks provide water sources for wildlife and livestock. The property is well-fenced and maintained, with hay fields and food plots. The main residence, built in 2019, offers 2,740 square feet with 3 bedrooms and 2.5 bathrooms, and is serviced by city water. High-speed fiber optic internet is available. The home includes Generac backup power, a hot tub room, and a heated and cooled garage with spray foam insulation and a tornado shelter. Outdoor living features include a pergola with motorized shades, an outdoor fireplace, and a brick oven pizza maker. The primary 70'x40' shop has two 14-foot doors, a full bathroom, RV hookups, and a loft area serviced by a septic system. There are 20-foot lean-tos on three sides for equipment storage. Adjacent to the shop is a heated and cooled truck wash with soap and water systems and a vacuum system. Additional improvements include two 80'x40' hay barns, a 60'x40' hay barn, a renovated 32'x32' workshop, and a walk-in cooler. A second residence with 3 bedrooms and 2 bathrooms is used as a caretaker's home. The property is fenced with high-quality fencing, suitable for cattle, hay production, or a farming operation. The farm offers recreational opportunities with rolling terrain, mature timber, and live water. Food plots and deer stands create a hunting environment. Deer and turkey populations thrive due to the habitat and water sources. The property is suited for riding side-by-sides, hiking, or horseback riding. The farm is equipped for cattle and hay operations, featuring fencing, pastures, and water sources. Hay barns provide covered storage. A corn crib is designed for mixing cattle feed, along with grain storage facilities. The property includes a corral system with a Priefert squeeze chute for working cattle.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Centerville
    County
    Cumberland
    State
    Tennessee
    Longitude
    -87.561737
    Latitude
    35.689856

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    FAQs

    What type of property is this?
    Farm - 579-acre farm featuring residences, barns, and recreational opportunities.
    Where is this farm located?
    The property is located at 1267 Wades Branch Road Centerville, TN.
    What is the asking price?
    The asking price for this property is $5,550,000.
    What are key features of this property?
    This property features: 579‑acre farm offering beauty, productivity, and recreation with mature timber, pasture, food plots, trails, live water, and fencing.; Main residence built in 2019 featuring 2,740 sq ft, 3 bedrooms, 2.5 bathrooms, high‑speed fiber internet, Generac backup power, hot tub room, and heated/cooled garage with tornado shelter.; Extensive infrastructure including a 70'x40' shop with RV hookups, a truck wash, multiple hay barns, a renovated workshop, and a walk‑in cooler.
    (417) 252-0669
    We can help!
    Listing Contact
    Brandon Pendergrass
    Request Owner's contact information
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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.

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