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

    28 Cove Hill Rd Woodbury, TN 37190

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $140,000

    Land available on Cove Hill Road, Woodbury, Tennessee.

    Type:Land
    Added:
    Jan 25, 2026
    Days on Market:
    85
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 28 Cove Hill Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Kassandra Greenwell

    Listing agent Kassandra Greenwell

    Listing office BENCHMARK REALTY, LLC

    Listing date Jan 25, 2026

    Source Evrealestate

    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 BENCHMARK REALTY, LLC

    Overview

    Land For Sale

    Located off Cove Hill Road, this land is accessible from Highway 53 via Hollow Springs Road from Woodbury Square. The property is situated on the right when approaching from Cove Hill Road in Cannon County.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Woodbury
    County
    Cannon
    State
    Tennessee
    Longitude
    -86.09283
    Latitude
    35.726566

    Nearby Similar for Sale

    • $649,900

      107 Acre Farm with House

      107 acre farm with older farmhouse and city water.
      3780 Hurricane Creek Road, Woodbury, TN 37190
      View Details
    • $760,000
      24,048 SF

      Prime Commercial Property in Woodbury

      Exceptional commercial property in the heart of Woodbury, Tennessee.
      304 W Main St, Woodbury, TN 37190
      View Details
    • $235,000
      4,800 SF

      Cannon County Commercial Land For Sale

      Commercial land with metal building near Hwy 53S.
      156 Eugene Reed Rd, Woodbury, TN 37190
      View Details
    • $399,900
      2,000 SF

      Income Producing Commercial Zoned Property

      Income-producing property zoned commercial with two rental units.
      5594 Jim Cummings Hwy, Woodbury, TN 37190
      View Details
    • $695,000

      Commercial Lot in Woodbury, TN

      0.84 acre commercial corner lot for sale.
      925 W Main St, Woodbury, TN 37190
      View Details
    • $275,000
      1,250 SF

      Versatile Mixed-Use Property in Woodbury

      Updated mixed-use property with commercial and residential zoning.
      105 S Dillon St, Woodbury, TN 37190
      View Details
    • $649,900

      107 Acre Farm with House

      107-acre farm featuring an older farmhouse and city water.
      3780 Hurricane Creek Rd, Woodbury, TN 37190
      View Details
    • $699,900

      Secluded Cannon County Homestead Opportunity

      110-acre Cannon County property with Stones River frontage.
      2203 Stones River Rd, Woodbury, TN 37190
      View Details
    • $399,900

      30 Acres in Middle Tennessee

      30.02 acres of land with two manufactured homes.
      3960 Hurricane Creek Rd, Woodbury, TN 37190
      View Details
    • $429,900

      155 Acres with Hilltop Views

      155+ acres with hilltop views, utilities, and building sites.
      1 Burt Burgen Road, Woodbury, TN 37190
      View Details
    • $675,000

      64.5 Acres with Country Home

      64.5± acres featuring a well-kept country home and spring-fed creek.
      329 Cavender Rd, Woodbury, TN 37190
      View Details
    • $649,900

      Renovated Home on Sprawling Acreage

      Renovated 2-bedroom home on 88.25 acres in Woodbury, TN.
      778 Jones Hollow Road, Woodbury, TN 37190
      View Details

    FAQs

    What type of property is this?
    Land - Land available on Cove Hill Road, Woodbury, Tennessee.
    Where is this land located?
    The property is located at 28 Cove Hill Rd Woodbury, TN.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Located in Cannon County; Convenient directions provided from Woodbury Square; Accessible via Highway 53 and Hollow Springs Rd
    (812) 746-0201
    We can help!
    Listing Contact
    Kassandra Greenwell
    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!