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    000 Old Stage Rd Decaturville, TN 38329

    Sponsored
    For Sale
    $41,280

    149,846 sq ft, Two Parcels Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional Tennessee land offering presents a unique investment opportunity in Decaturville, conveniently situated between Nashville and Memphis. Comprising a substantial 149,846.4 square feet, this property is ideally located with significant road frontage on both Old Stage Road and Highway 100. The land itself is characterized by a beautiful, flat pasture, presenting versatile development potential. Currently offered as two separate, but combinable, parcels, this property allows for flexibility in acquisition. The absence of restrictive covenants unlocks a wide range of possibilities, from equestrian use to residential development. The flat terrain simplifies construction, making it an attractive option for various projects. This prime location and expansive acreage make this a compelling investment prospect for those seeking land in a desirable Tennessee location. The asking price for the entire property is $41,280. Detailed parcel information is available upon request. This property is zoned for commercial, residential, and single-family rental portfolio uses. Serious inquiries only.

    Property Features for 000 Old Stage Rd

    General Information

    Property type
    Multifamily properties

    HighLights

    • $41,280 asking price.
    • 149,846.4 sq ft lot size.
    • Located in Decaturville, TN, on Old Stage Road and Highway 100, between Nashville and Memphis.
    • Flat pasture land suitable for various uses, including residential development or equestrian purposes.
    • No restrictions on use.
    • Offered as two separate lots, or together.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Decaturville
    County
    Decatur
    State
    Tennessee
    Longitude
    -88.1889874
    Latitude
    35.5388512

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - 149,846 sq ft, Two Parcels Available
    Where is this multifamily property located?
    The property is located at 000 Old Stage Rd Decaturville, TN.
    What is the asking price?
    The asking price for this property is $41,280.
    What are key features of this property?
    This property features: $41,280 asking price.; 149,846.4 sq ft lot size.; Located in Decaturville, TN, on Old Stage Road and Highway 100, between Nashville and Memphis.
    Request Owner's contact information
    000 Old Stage Rd Decaturville, TN 38329
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    Decaturville, TN 38329
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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.

    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
    000 Old Stage Rd Decaturville, TN 38329
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