Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spring Hill 5-Acre Cleared Land Title is generated by Realmo AI

    3126 Green Mills Road, Spring Hill, TN 37174

    View on Map
    Claim this Listing
    For Sale
    $500,000

    5-acre cleared, level lot in Spring Hill, Tennessee.

    Added:
    Jun 10, 2025
    Days on Market:
    355
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 3126 Green Mills Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    STEVE BACON

    Listing agent STEVE BACON

    Listing office HAMILTON YOUNG LLC

    Listing date Jun 10, 2025

    Source Corcoran

    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 HAMILTON YOUNG LLC

    HighLights

    • Prime 5‑acre cleared and level lot in Spring Hill.
    • Exceptional location with extensive road frontage and high visibility.
    • Located in the incorporated area of Spring Hill, TN.
    • Close proximity to new Battle Creek Schools.
    • Minutes from Highway 31 and Saturn Parkway, offering unparalleled access.
    • Potential for residential development or investment.

    Overview

    This 5-acre parcel is located in Spring Hill, Tennessee. The cleared and level lot is situated in the incorporated area and features extensive road frontage. It is part of an 18-acre property that can be subdivided or purchased in full. The property is located near the new Battle Creek Schools and is minutes from Highway 31 and Saturn Parkway. This location offers potential for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Department Store Electrical Service Daycare Center Computer & Electronic Repair Bakery Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Maury
    State
    Tennessee
    Longitude
    -86.9301
    Latitude
    35.6904

    Nearby Similar for Sale

    • $1,898,127

      Prime Commercial Land in Spring

      4.98 acres in Spring Hill's retail corridor for sale.
      999 Old Kedron Road, Spring Hill, Tennessee 37174
      View Details
    • $1,600,000

      Prime Commercial Land For Sale

      3.497 acres of commercial land in Spring Hill, TN.
      3813 Old Port Royal N Rd, Spring Hill, TN 37174
      View Details
    • $550,000

      Commercial Land in Spring Hill

      Cleared 1.69-acre commercial lot with high visibility.
      Campbell Station Parkway, Spring Hill, TN 37174
      View Details
    • $53,000,000
      330,484 SF

      Modern Industrial Facility in Tennessee

      330,000 SF industrial facility in Spring Hill, TN for sale.
      4637 Port Royal Rd, Spring Hill, TN 37174
      View Details
    • $3,200,000

      Prime Commercial Development Site

      1.89-acre commercial site in Spring Hill, Tennessee.
      4841 Main St, Spring Hill, TN 37174
      View Details
    • $9,000,000

      217 Acres in Spring Hill

      217 acres suitable for large-scale development near I-65.
      3030 Duplex Rd, Spring Hill, TN 37174
      View Details
    • $9,000,000

      217 Acres in Spring Hill

      217 acres suitable for large-scale development near I-65.
      3030 Duplex Rd, Spring Hill, TN 37174
      View Details
    • $1,765,000
      1,215 SF

      Established Gas Station on Large Lot

      Gas station with long-term lease and rental increases.
      3028 Belshire Village Dr, Spring Hill, TN 37174
      View Details
    • $495,000

      6 Acre Tract in Spring Hill

      6 acre tract with no HOA near Berry Farms.
      4740 Ash Hill Rd, Spring Hill, TN 37174
      View Details
    • Contact for pricing

      Commercial Land Near Home Depot

      Commercial land for sale anchored by The Home Depot.
      5411 Columbia Pike | Spring Hill, TN 37174
      View Details
    • $1,980,000

      23.45 Acres Development Opportunity

      23.45-acre parcel for residential or future commercial development in Spring Hill.
      3015 Duplex Rd, Spring Hill, TN 37174
      View Details
    • Contact for pricing

      Retail Outparcels at June Lake

      Retail outparcel opportunities in a master-planned community with high visibility.
      June Lake Blvd. , Spring Hill, TN 37174
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre cleared, level lot in Spring Hill, Tennessee.
    Where is this land located?
    The property is located at 3126 Green Mills Road Spring Hill, TN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Prime 5‑acre cleared and level lot in Spring Hill.; Exceptional location with extensive road frontage and high visibility.; Located in the incorporated area of Spring Hill, TN.
    (615) 472-1471
    We can help!
    Listing Contact
    STEVE BACON
    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
    3126 Green Mills Road, Spring Hill, TN 37174
    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!