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

    1804 Highway 52 E Portland, TN 37148

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $840,000

    Historic farmhouse with barns, shed, and workshop on 21.9 acres.

    Lot size:
    21.90 Acres

    Property Features for 1804 Highway 52 E

    General Information

    Standard status
    Active
    Lot size
    21.90 Acres

    We can help!

    Listing Contact
    Angela Hoover
    Source: Corcoran

    Listing Agency: CADENCE REAL ESTATE Listing Agent: Angela Hoover

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

    Learn more

    Overview

    1945 Farmhouse on 21.9 Acres

    This 1945 handcrafted farmhouse features authentic wood harvested directly from the farm. The home includes intricately crafted wood walls and original hardwood floors throughout the downstairs and upstairs areas. A red brick fireplace with a wooden hearth and gas logs is located in the den. The property spans 21.9 acres and includes a tin roof covered back porch. There are two barns, a shed, and a workshop area on the property.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Big Box & Wholesale Store HVAC Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.437024
    Latitude
    36.578

    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
    • Contact for pricing
      9,750 SF

      Retail Property For Sale

      Retail property for sale with frontage on Broadway Street.
      718 S Broadway St, Portland, TN 37148
      View Details
    • $324,900
      1,632 SF

      High-Visibility Corner Lot Investment

      Leased corner lot with high traffic and income potential.
      658 N Broadway, Portland, TN 37148
      View Details
    • Contact for pricing
      43,000 SF

      Portland Warehouse with LED Lighting

      43,000 SF warehouse featuring LED lighting and sprinkler system.
      233 Kirby Dr, Portland, TN 37148
      View Details
    • Contact for pricing
      338,000 SF

      338,000 SF Facility on 26.32 Acres

      338,000 SF facility on 26.32 acres in Portland, TN.
      3150 Barry Dr, Portland, TN 37148
      View Details
    • $725,000

      All-Brick Home on 7.29 Acres

      Charming all-brick home with basement and acreage near Portland.
      526 Boiling Springs Rd, Portland, TN 37148
      View Details
    • $425,000
      3.20 Acres

      Prime Portland Commercial Land

      High-visibility 3.2-acre lot, Hwy 109 frontage.
      518 Broadway St, Portland, TN 37148
      View Details
    • $350,000

      5-Acre Oasis with Lush Trees

      Manufactured home on 5 acres with open layout.
      1812 Highway 52, Portland, TN 37148
      View Details
    • $749,900
      5.29 Acres

      Highway 52 E Commercial Land

      Prime Portland, TN commercial lot
      764 Highway 52, Portland, TN 37148
      View Details
    • $590,000
      5.90 Acres

      Prime Portland TN Land Opportunity

      5.9 Acres, $590,000 - Development Potential
      1036 Broadway, Portland, TN 37148
      View Details
    • $350,000
      2.75 Acres

      Portland Commercial Land Opportunity

      2.75 Acres, Commercial PUD Zoning
      133 Roberts Rd, Portland, TN 37148
      View Details
    • $350,000
      119,790 SF

      Prime Portland Commercial Land

      Highway 109 Development Opportunity
      131 Roberts Rd, Portland, TN 37148
      View Details

    FAQs

    What type of property is this?
    Farm - Historic farmhouse with barns, shed, and workshop on 21.9 acres.
    Where is this farm located?
    The property is located at 1804 Highway 52 E Portland, TN.
    What is the asking price?
    The asking price for this property is $840,000.
    What are key features of this property?
    This property features: - Authentic 1945 handcrafted farmhouse with wood harvested from the property.; - 21.9 acres of private, tree-lined land.; - Original hardwood floors throughout the downstairs and upstairs.
    (615) 235-9412
    Request Owner's contact information
    1804 Highway 52 E Portland, TN 37148
    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.
    1804 Highway 52 E
    Portland, TN 37148
    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
    1804 Highway 52 E Portland, TN 37148
    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
    Angela Hoover
    (615) 235-9412
    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!