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    Hunting and Recreational Farm Acreage Title is generated by Realmo AI

    325 Harts Mill Road, Atwood, TN 38220

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    Claim this Listing
    For Sale
    $304,900

    Private farm acreage with substantial road frontage and utility access opportunities for future building sites.

    Type:Farm
    Lot size:
    37.80 Acres
    Added:
    May 24, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 6 at 5:16 am

    Property Features for 325 Harts Mill Road

    General Information

    Standard status
    Active
    Lot size
    37.80 Acres
    Property subtype
    Farm

    We can help!

    Listing Contact
    Ken Shaver

    Listing agent Ken Shaver License #290236

    Listing office Reliant Realty ERA Powered

    Listing date May 24, 2026

    Source Compass

    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 Reliant Realty ERA Powered

    HighLights

    • 37.8‑acre property in Atwood with tax records showing 19.2 acres (tract 1) and 18.6 acres (tract 2)
    • Approximately 441 +/- ft of road frontage on the left side and 264 +/- ft on the right side
    • Utilities available for purchase near the main road: electricity, gas, city water, and city sewer
    • Front half of the farm is in the city and back half is in the county; county taxes only
    • Building sites on the city side with access to purchased utilities
    • Includes an unlivable/abandoned old home on the property (do not enter)

    Overview

    This offering is a farm tract totaling approximately 37.8 acres, split as 19.2 acres on tract 1 and 18.6 acres on tract 2. The property has approximately 441 +/- linear feet of road frontage on the left side and 264 +/- linear feet on the right side. An unlivable and abandoned old home is present on the property; please do not enter the home.

    The front half of the farm is located within the city, while the back half is located in the county. According to Atwood City Hall, utilities that can be purchased include electricity, gas, city water, and city sewer off of the main road, and building sites on the city side have access to these utilities. County taxes only apply.

    For buyers looking for a blend of acreage and recreation, this property provides a quiet setting with room to plan future use. The combination of meaningful road frontage, utility access potential on the city side, and the overall layout makes it suitable for someone interested in establishing a primary build site while retaining the remainder for open space and wildlife-oriented enjoyment. The site should be approached with safety in mind due to the abandoned structure on the premises.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Nail Salon Auto Parts Store Furniture & Home Goods Grocery & Convenience Store Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Atwood
    County
    Carroll
    State
    Tennessee
    Longitude
    -88.680433
    Latitude
    35.978271

    FAQs

    What type of property is this?
    Farm - Private farm acreage with substantial road frontage and utility access opportunities for future building sites.
    Where is this farm located?
    The property is located at 325 Harts Mill Road Atwood, TN.
    What is the asking price?
    The asking price for this property is $304,900.
    What are key features of this property?
    This property features: 37.8‑acre property in Atwood with tax records showing 19.2 acres (tract 1) and 18.6 acres (tract 2); Approximately 441 +/- ft of road frontage on the left side and 264 +/- ft on the right side; Utilities available for purchase near the main road: electricity, gas, city water, and city sewer
    (731) 343-5660
    We can help!
    Listing Contact
    Ken Shaver
    Real Estate License ID: 290236
    Learn More
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    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.

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