Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Medina Commercial Land Opportunity Title is generated by Realmo AI

    0 US-45, Medina, TN 38355

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land available in Medina with utilities.

    Type:Land, Office
    Added:
    Nov 8, 2024
    Days on Market:
    561
    Last Refresh:
    May 12 at 10:01 pm

    Property Features for 0 US-45

    General Information

    Standard status
    Active
    Property subtype
    Land, Office

    We can help!

    Listing Contact
    Robert Eatman

    Listing agent Robert Eatman License #351348

    Listing office Hickman Realty Group Inc.-Jack

    Listing date Nov 8, 2024

    Source Crexi

    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 Hickman Realty Group Inc.-Jack

    HighLights

    • Highly desirable Medina location
    • No city/special school taxes
    • Opportunity to build/begin your business
    • All utilities available

    Overview

    This property presents an opportunity to establish or expand a business in Medina. The location benefits from the absence of city and special school taxes. All utilities are available for the site.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Medina
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.842678
    Latitude
    35.762771

    Nearby Similar for Sale

    • $950,000

      Medina, TN Land Opportunity

      61.91 acre farm with two lakes near Jackson, TN.
      Bobbitt Road, Medina, TN 38355
      View Details
    • $499,900

      Prime Land with Road Frontage

      29.8-acre property with road frontage on Bob Witt Road and 45 Bypass.
      Bob Witt Rd & 45 Bypass, Medina, TN 38355
      View Details
    • $550,000

      Prime Land in Medina, TN

      Development-ready land with utilities, adjacent to Jackson Clinic and Food Giant.
      65 Garrett Drive, Medina, TN 38355
      View Details
    • $225,000

      17-Acre Homesite in North Madison

      Stunning 17-acre tract for building a dream home.
      Bakers Chapel Road, Medina, TN 38355
      View Details
    • $234,000

      Medina, TN Land For Sale

      58.8 acre farm with hunting and recreational opportunities.
      92 Barnes Road, Medina, TN 38355
      View Details
    • $100,000

      Residential Land in Medina, TN

      5.7 acre tract ideal for building a home.
      Roy Hargrove, Medina, TN 38355
      View Details
    • $299,000

      138 Acres of Tennessee Land

      138 acre tract near Jackson, TN with pasture and wildlife.
      Lavinia Rd, Medina, TN 38355
      View Details
    • $998,000

      Prime Commercial Land in Medina

      20 acres of commercial land with frontage on Highway 45.
      Witt Street, Medina, TN 38355
      View Details
    • $167,500

      Medina, TN Land For Sale

      10.5 acre land tract on the edge of Medina, TN.
      Roy Hargrove, Medina, TN 38355
      View Details
    • $474,900

      Land in Desirable Medina Location

      Commercial land available in Medina, Tennessee with utilities.
      US-45, Medina, TN 38355
      View Details
    • $98,500

      Medina, TN Building Lot

      5.8 acre building lot with utilities available in Medina.
      Elmwood Cove, Medina, TN 38355
      View Details
    • $2,294,000

      Scenic Farm with Productive Land

      Scenic 148-acre farm in Medina, TN, suitable for various crops.
      US 45 Bypass, Medina, TN 38355
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available in Medina with utilities.
    Where is this commercial land located?
    The property is located at 0 US-45 Medina, TN.
    What is the asking price?
    The asking price for this property is $474,900.
    What are key features of this property?
    This property features: Highly desirable Medina location; No city/special school taxes; Opportunity to build/begin your business
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Eatman
    Real Estate License ID: 351348
    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
    0 US-45, Medina, TN 38355
    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!