Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Thompson's Station Land with Development Potential Title is generated by Realmo AI

    5497 Carters Creek Pike, Thompsons Station, TN 37179

    View on Map
    Claim this Listing
    For Sale
    $2,350,000

    20.3-acre property with approved soil sites for new construction.

    Type:Land or Vacant Lot
    Lot size:
    20.30 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    59
    Last Refresh:
    Apr 8 at 8:24 pm

    Property Features for 5497 Carters Creek Pike

    General Information

    Standard status
    Active
    Lot size
    20.30 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JENNIFER BICKERSTAFF | BROKER

    Listing agent JENNIFER BICKERSTAFF | BROKER

    Listing office COMPASS RE

    Listing date Apr 8, 2026

    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 COMPASS RE

    HighLights

    • 20.3‑acre property in Thompson's Station, TN, offering ample space and privacy
    • Two approved soil sites for five‑bedroom homes, ideal for building a dream estate
    • Flat to gently rolling terrain with sweeping views, providing a picturesque setting
    • Conveniently located minutes from 840, offering easy access to amenities and transportation
    • Abundant road frontage, ensuring accessibility and potential for development
    • Includes a charming barn, adding character and functionality to the property

    Overview

    Located in Thompson's Station, Tennessee, this 20.3-acre property offers a setting with flat to gently rolling terrain and views. The property features two identified soil sites, each approved for a five-bedroom new construction home. An existing barn adds character and functionality. There is an existing home on the property being sold AS IS. The land combines accessibility with country living due to its road frontage and setting. The property is located minutes from the convenience of 840.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Department Store Grocery & Convenience Store Grocery & Convenience Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Thompsons Station
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.99155
    Latitude
    35.809338

    Nearby Similar for Sale

    • $6,500,000
      6,000 SF

      Leiper's Fork Modern Farmhouse Estate

      Reimagined farmhouse on 11 acres with equestrian facilities.
      3636 Bear Creek Rd, Thompsons Station, TN 37179
      View Details
    • $6,250,000
      7,358 SF

      Thompson's Station Private Retreat

      54-acre estate with recording studio and guest cottage.
      4750 Columbia Pike, Thompsons Station, TN 37179
      View Details
    • $3,925,000

      90 Acres Near Leiper’s Fork

      90-acre property with creek, ponds, spring, and building site.
      3807 Bear Creek Rd, Thompsons Station, TN 37179
      View Details
    • $1,900,000

      Acreage in Thompsons Station Area

      Land for sale in a desirable location with income potential.
      2705 Buckner Rd, Thompsons Station, TN 37179
      View Details
    • $1,250,000
      1,352 SF

      Thompson Station Commercial Land Opportunity

      Highly visible commercial land in Thompson Station, Tennessee.
      4633 Columbia Pike, Thompsons Station, TN 37179
      View Details
    • $6,750,000
      7,358 SF

      Thompson's Station Private Retreat

      54-acre estate with custom home, music studio, and guest cottage.
      4750 Columbia Pike, Thompsons Station, TN 37179
      View Details
    • $2,580,000

      Land at Buckner and Spring

      Land available at the corner of Buckner and Spring Station.
      2756 Buckner Ln, Thompsons Station, TN 37179
      View Details
    • $1,500,000
      2,474 SF

      Williamson County Mixed-Use Property

      2.4 acres in Williamson County with home/commercial building and shop.
      2611 Thompson Station Rd, Thompsons Station, TN 37179
      View Details
    • $6,750,000

      Thompson's Station Private Retreat

      54-acre estate with music studio, guest house, and approved lots.
      4750 Columbia Pike, Thompsons Station, TN 37179
      View Details
    • $3,250,000

      Land in Burwood Community

      Land with wooded hills, suitable for residential development and recreation.
      5679 Carters Creek Pike, Thompsons Station, TN 37179
      View Details
    • $500,000

      Residential Land in Williamson County

      Build your dream home on this Williamson County homesite.
      2754 Critz Lane, Thompsons Station, TN 37179
      View Details
    • $6,900,000

      Williamson County Land for Sale

      100 acres in Williamson County, ideal for private enclave.
      4701 Reed Rd, Thompsons Station, TN 37179
      View Details

    FAQs

    What type of property is this?
    Land - 20.3-acre property with approved soil sites for new construction.
    Where is this land located?
    The property is located at 5497 Carters Creek Pike Thompsons Station, TN.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: 20.3‑acre property in Thompson's Station, TN, offering ample space and privacy; Two approved soil sites for five‑bedroom homes, ideal for building a dream estate; Flat to gently rolling terrain with sweeping views, providing a picturesque setting
    (615) 475-5616
    We can help!
    Listing Contact
    JENNIFER BICKERSTAFF | BROKER
    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
    5497 Carters Creek Pike, Thompsons Station, TN 37179
    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!