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

    7838 Shoals Branch Rd Primm Springs, TN 38476

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,299,000

    40-acre park-like setting with pasture, hardwoods, and creek.

    Lot size:
    39.37 Acres

    Property Features for 7838 Shoals Branch Rd

    General Information

    Standard status
    Active
    Lot size
    39.37 Acres

    We can help!

    Listing Contact
    Cindy Garvey
    Cindy Garvey
    Source: Corcoran

    Listing Agency: UNITED COUNTRY REAL ESTATE LEIPERS FORK Listing Agent: Cindy Garvey

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

    Learn more

    Overview

    40 Acres Ready For Building

    This 40-acre property offers a park-like setting suitable for building a dream home or family compound. Twenty acres consist of gently rolling pasture, completely surrounded by mature hardwoods and included in a Greenbelt Forestry Plan. Trails wind through the woods down to Edwards Branch Creek. The property features two platted and recorded 5-bedroom perk sites, one with an approved SSDS for immediate building with plans. A well installed in 2022 provides 15 gallons of water per minute. Approximately 800 feet of underground electric is installed. The land benefits from a legal recorded easement from Shoals Branch Rd and another from West Lick Creek Rd. An Amish-built 2-stall run-in shelter with a tack/feed room is located on the property.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Primm Springs
    County
    Williamson
    State
    Tennessee
    Longitude
    -87.1878773
    Latitude
    35.8626028

    Nearby Similar for Sale

    • $3,250,000

      146 Acre Tennessee Cattle Ranch

      Pristine 146-acre Tennessee countryside, ideal for retreat or development.
      8663 Dog Creek Rd, Primm Springs, TN 38476
      View Details
    • $9,995,000

      Luxury Estate in Williamson County

      Mediterranean-style estate on 35 acres near Leipers Fork.
      7948 Daugherty Capley Rd, Primm Springs, TN 38476
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 40-acre park-like setting with pasture, hardwoods, and creek.
    Where is this agricultural land / farmland located?
    The property is located at 7838 Shoals Branch Rd Primm Springs, TN.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - 40-acre park-like setting with 20 acres of pasture and mature hardwoods; - Two 5-bedroom perk sites platted and recorded, including one approved for immediate building with plans; - **High-yield well producing 15 gallons per minute**, installed in 2022
    (615) 202-9515
    Request Owner's contact information
    7838 Shoals Branch Rd Primm Springs, TN 38476
    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.
    7838 Shoals Branch Rd
    Primm Springs, TN 38476
    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
    7838 Shoals Branch Rd Primm Springs, TN 38476
    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
    Cindy Garvey
    Cindy Garvey
    (615) 202-9515 (615) 599-3676
    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!