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

    131 W Roberts Rd Portland, TN 37148

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Commercially zoned land with development opportunities on heavily trafficked highway.

    Property size:
    119,790 SF
    Lot size:
    2.75 Acres
    Price / SF:
    $2/SF
    Added:
    Oct 8, 2023
    Days on Market:
    936
    Last Refresh:
    Apr 1 at 8:42 pm

    Property Features for 131 W Roberts Rd

    General Information

    Standard status
    Active
    Size
    119,790 SF
    Lot size
    2.75 Acres
    Property subtype
    Other

    We can help!

    Listing Contact
    Elliott Morrissey

    Listing agent Elliott Morrissey

    Listing office Turner & Associates Realty

    Listing date Oct 8, 2023

    Source Xome

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

    All listing content including descriptions, pricing, images are the copyrighted material of Turner & Associates Realty

    Overview

    Commercially Zoned Land on Highway

    This commercially zoned land is located on the heavily trafficked Highway 109, situated between Portland and Gallatin. The property, with a size of 119790 square feet, presents various development opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.510203
    Latitude
    36.495476

    Nearby Similar for Sale

    • $960,000
      10,400 SF

      Mixed-Use Investment Opportunity

      Two parcels with retail, restaurant, and storage income potential.
      457 N Broadway, Portland, TN 37148
      View Details
    • $150,000

      Corner Lot in Portland, TN

      Corner lot suitable for a drive-thru coffee shop or small business.
      107 Jackson Rd, Portland, TN 37148
      View Details
    • $425,000

      Commercial Land in Booming Portland

      Over 3 acres of commercial land with high visibility.
      518 Broadway S St, Portland, TN 37148
      View Details
    • $3,025,000

      Portland Multifamily Portfolio Opportunity

      Two-property, 26-unit portfolio in Portland, TN near Nashville.
      102 Fireside Dr, Portland, TN 37148
      View Details
    • $224,900

      Unrestricted Land with Barns

      5.01-acre lot with barns and water tap.
      795 White Rd, Portland, TN 37148
      View Details
    • $169,900

      6.9 Acres with Water Features

      Land with ponds and creek near Portland, Tennessee.
      1500 Old Gallatin Rd, Portland, TN 37148
      View Details
    • $690,250

      27 Acres with Fishing Pond

      27 acres outside city limits with a fishing pond.
      121 Mt Moriah Church Road, Portland, TN 37148
      View Details
    • $174,000

      1.27-Acre Property with Barn

      1.27-acre parcel featuring a barn and 177’ of road frontage.
      805 Jackson Rd, Portland, TN 37148
      View Details
    • $209,900

      Spacious Land for Custom Home

      Land with fields, forests, and pond near interstate.
      160 Fleming Rd, Portland, TN 37148
      View Details
    • $239,900

      Spacious Land Tract For Sale

      Land with fields, forests, pond, suitable for residential development.
      167 White Rd, Portland, TN 37148
      View Details
    • $199,900

      Spacious Land with Pond

      Land with level fields, forest, pond, and country living.
      168 Fleming Rd, Portland, TN 37148
      View Details
    • $219,900

      Spacious Land for Custom Home

      Land with fields, forests, pond, and convenient location.
      132 Fleming Rd, Portland, TN 37148
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercially zoned land with development opportunities on heavily trafficked highway.
    Where is this commercial land located?
    The property is located at 131 W Roberts Rd Portland, TN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Commercially zoned land suitable for development.; Located on heavily trafficked Highway 109.; Situated between Portland and Gallatin.
    (615) 383-7878
    We can help!
    Listing Contact
    Elliott Morrissey
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!