Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    RV Park Investment Opportunity Title is generated by Realmo AI

    174 Grice Ln, Parsons, TN 38363

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with three RVs near Tennessee River.

    Type:Land
    Lot size:
    0.43 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    117
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 174 Grice Ln

    General Information

    Standard status
    Active
    Lot size
    0.43 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Anne Spence-McGee
    Anne Spence-McGee

    Listing agent Anne Spence-McGee License #TN 260346

    Listing office Crye-Leike Tapestry Realty LLC

    Listing date Jan 26, 2026

    Source Crexi

    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 Crye-Leike Tapestry Realty LLC

    HighLights

    • Three included RVs, each connected to septic and electric with new decks and underpinning.
    • .43 acre tract of land suitable for personal use or rental investment.
    • Located just outside Parsons, TN, a small southern town.
    • Proximity to the Tennessee River (5 miles).
    • Non‑restricted land between Memphis and Nashville.
    • Convenient access to I‑40 (15 miles).

    Overview

    This .43-acre tract of land is located just outside the city limits of Parsons, Tennessee. The property includes three RVs, each connected to septic and electric systems, and features new decks and underpinning. Situated approximately 5 miles from the Tennessee River, this property could serve as a family getaway or an investment opportunity for renting out the RVs. The non-restricted land is located between Memphis and Nashville, and is 15 miles from I-40.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Parsons
    County
    Decatur
    State
    Tennessee
    Longitude
    -88.129974
    Latitude
    35.636887

    Nearby Similar for Sale

    • $399,900
      7,600 SF

      Parsons Commercial Property For Sale

      Turnkey commercial property with rental building and leased warehouse.
      2210 S Highway 641 S, Parsons, TN 38363
      View Details
    • $6,800

      Wooded Lot in Gated Community

      Wooded building lot with private boat ramp access.
      156 IRON HORSE, Parsons, TN 38363
      View Details
    • $798,500
      15,760 SF

      Highway Frontage Commercial Building

      Large commercial building on a corner lot with highway frontage.
      455 E Main Street, Parsons, TN 38363
      View Details
    • $179,000

      Parsons, TN Scenic Land

      10 acres in Parsons, TN, perfect for recreation or building.
      957 Holladay Road, Parsons, TN 38363
      View Details
    • $85,000

      Vacant Lot in Parsons, TN

      In-town lot suitable for residential or commercial use.
      734 S Tn Avenue S, Parsons, TN 38363
      View Details
    • $1,500,000
      7,140 SF

      Turnkey Grocery Store Opportunity

      Established grocery store for sale with a long-standing reputation.
      1182 E Main Street, Parsons, TN 38363
      View Details
    • $219,000

      Parsons, TN Hunting Land

      42 acres of prime hunting land in Parsons, Tennessee.
      Holladay Rd, Parsons, TN 38363
      View Details
    • $35,000

      Residential Lot Near Tennessee River

      Single-family lot within walking distance to the Tennessee River.
      126 Perryville Road, Parsons, TN 38363
      View Details
    • $9,800

      Residential Land in Gated Subdivision

      Building lot in gated community near Beech River.
      183 Hillcrest Cove, Parsons, TN 38363
      View Details
    • $215,000

      Wooded Land in Parsons, TN

      31.92 acres ideal for hunting and outdoor recreation.
      Cedar Hill Rd, Parsons, TN 38363
      View Details
    • $105,000

      Parsons, TN Land Near River

      14.42-acre property near Tennessee River with potential for recreation.
      1124 Lick Creek Boat Dock Loop, Parsons, TN 38363
      View Details
    • $134,900

      Commercial Property in Parsons, Tennessee

      Commercial property for sale located in Parsons, Tennessee.
      85 Tennessee Ave N, Parsons, TN 38363
      View Details

    FAQs

    What type of property is this?
    Land - Land with three RVs near Tennessee River.
    Where is this land located?
    The property is located at 174 Grice Ln Parsons, TN.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Three included RVs, each connected to septic and electric with **new decks and underpinning.**; .43 acre tract of land suitable for personal use or rental investment.; Located just outside Parsons, TN, a small southern town.
    (731) 847-4663 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Anne Spence-McGee
    Anne Spence-McGee
    Real Estate License ID: TN 260346
    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

    Thank You for Inquiry
    174 Grice Ln, Parsons, TN 38363
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!