Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    523 22Nd Ave Humboldt, TN 38343

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Large warehouse, great location, motivated seller.

    Property size:
    60,000 SF

    Property Features for 523 22Nd Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    60,000 SF

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Winfred Allen
    Winfred Allen

    Listing Agency: Hickman Realty Group, Inc.-Hum Listing Agent: Winfred Allen

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

    Learn more

    Overview

    This exceptional investment opportunity presents a 60,000 square foot warehouse situated on a substantial 127,630.8 square foot lot at 523 N 22nd Avenue in Humboldt, Tennessee, zip code 38343. Built in 1930, this property boasts a prime location on a busy Humboldt street. The warehouse currently houses a long-term tenant (over 20 years) occupying the street-level portion of the building. Adding to its potential, two additional units are available for lease, presenting immediate income opportunities for a savvy investor. While the square footage is noted as 60,000, it's important to note that this will be verified by an appraiser. This property is being offered at an attractive asking price of $175,000, reflecting the motivated seller's desire for a quick sale. The seller considers this a "diamond in the rough," highlighting the significant potential for renovation and increased profitability. All provided information is believed to be accurate but is not warranted by the seller and should be independently verified. This description is for informational purposes only and is not part of any sales contract.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Humboldt
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.907937
    Latitude
    35.8223002

    Nearby Similar for Sale

    • $329,000
      2,448 SF

      Commercial Building in Three Way

      Commercial building suitable for office, retail, or light industrial use.
      44 Three Way Ln, Humboldt, TN 38343
      View Details
    • $650,000
      1,769 SF

      Humboldt, TN Commercial Property

      Commercial property located on Main Street in Humboldt, Tennessee.
      2115 E Main St, Humboldt, TN 38343
      View Details
    • $300,000
      1,440 SF

      Humboldt Commercial Property For Sale

      Fenced commercial property with office and storage, highway access.
      45 By-Pass, Humboldt, TN 38343
      View Details
    • $215,000
      5,010 SF

      Downtown Humboldt Commercial Building For Sale

      5000+ sqft commercial building in revitalizing downtown Humboldt, TN.
      117 N 14Th Ave, Humboldt, TN 38343
      View Details
    • $250,000
      3,360 SF

      Humboldt Office Space For Sale

      Office building with potential for multiple offices and solar energy.
      314 N 22Nd Ave, Humboldt, TN 38343
      View Details
    • $135,000
      1,595 SF

      Renovated Commercial Space in Humboldt

      Renovated 1595 sqft commercial space in Downtown Humboldt.
      207 S 14Th Ave, Humboldt, TN 38343
      View Details
    • $145,000
      3,360 SF

      Updated Commercial Property in Humboldt

      Updated commercial property in high-traffic area suitable for retail/office.
      1304 E Main St, Humboldt, TN 38343
      View Details
    • $975,000
      9,390 SF

      Humboldt Warehouse/Office on Large Lot

      Versatile warehouse and office space on a 7.15-acre corner lot.
      3545 Mitchell St, Humboldt, TN 38343
      View Details
    • $285,000
      3,399 SF

      Humboldt Commercial Building For Sale

      3,399 SF commercial building in Humboldt, Tennessee. Previously a bank.
      316 N 22Nd Ave, Humboldt, TN 38343
      View Details
    • $145,000
      1,815 SF

      Downtown Humboldt Commercial Opportunity

      Well-maintained building in downtown Humboldt, ideal for various businesses.
      1642 E Main St, Humboldt, TN 38343
      View Details
    • $205,000
      7,946 SF

      Downtown Humboldt Commercial Building For Sale

      Retail/office space with unfinished storage in growing downtown corridor.
      119 N 14Th Ave, Humboldt, TN 38343
      View Details
    • $159,900
      3,395 SF

      Humboldt Commercial Building with Potential

      Classic brick building in downtown Humboldt, ready for your vision.
      202 N 14Th Ave, Humboldt, TN 38343
      View Details

    FAQs

    What type of property is this?
    Distribution property - Large warehouse, great location, motivated seller.
    Where is this distribution property located?
    The property is located at 523 22Nd Ave Humboldt, TN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price.; 60,000 square foot warehouse.; Built in 1930.
    (731) 420-4720 Call to check price and availability
    Request Owner's contact information
    523 22Nd Ave Humboldt, TN 38343
    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.
    523 22Nd Ave
    Humboldt, TN 38343
    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
    523 22Nd Ave Humboldt, TN 38343
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Winfred Allen
    Winfred Allen
    Real Estate License ID: 56735
    (731) 420-4720 (731) 784-4720
    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!