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

    193 Main St. Mt Erin, TN 37061

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.36-acre pad-ready lot, approved plans.

    Property Features for 193 Main St. Mt

    General Information

    Property type
    Land
    Lot Size
    15,682 SF

    We can help!

    Listing Contact
    Amy Robinson
    Amy Robinson

    Listing Agent: Amy Robinson

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

    Learn more

    Overview

    This exceptional 0.36-acre commercial lot in Mount Juliet, Tennessee, presents a unique opportunity for immediate development. Located at 193 W Main St., Mount Juliet, TN 37122, this property is zoned Commercial (CTC) and boasts city-approved site plans and complete architectural drawings for a 2500 square foot retail space. These plans are readily available upon request, streamlining the building process and saving valuable time and resources. The property is "pad ready," meaning it's prepared for construction, eliminating significant site preparation costs. With building permits ready to be pulled, this lot offers a fast track to realizing your commercial vision. The asking price is $350,000. This prime location in Mount Juliet offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. Don't miss this chance to acquire a fully prepared commercial lot, poised for immediate development and significant return on investment. The property is conveniently located in Mount Juliet, TN, with the address listed as 193 W Main St., Mount Juliet, TN 37122, though the city listed in the provided data is Erin, TN 37061. The discrepancy should be verified independently.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Erin
    County
    Houston
    State
    Tennessee
    Longitude
    -86.52274471
    Latitude
    36.20127427

    Nearby Similar for Sale

    • Contact for pricing

      Scenic Farmland Near Highway 149

      10 acres of rolling farmland ideal for a mini farm.
      Erin, TN 37061
      View Details
    • $160,000
      1,640 SF

      Erin TN Restaurant - Turnkey Opportunity

      Established Restaurant, High Traffic Location, Includes Furnishings
      3591 Main St, Erin, TN 37061
      View Details
    • $650,000
      4,000 SF

      Erin, TN Mixed-Use Restaurant

      Turnkey Restaurant & Ice Cream Shop
      3507 Main St, Erin, TN 37061
      View Details

    FAQs

    What type of property is this?
    Land - 0.36-acre pad-ready lot, approved plans.
    Where is this land located?
    The property is located at 193 Main St. Mt Erin, TN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 0.36-acre commercial lot in Mount Juliet, TN, ready for immediate development.; Located at 193 W Main St, Mount Juliet, TN 37122 (verify address discrepancy with Erin, TN 37061 listing).; Zoned Commercial (CTC) with approved site plans and architectural drawings for a 2,500 sq ft retail building available upon request.
    (615) 758-8886 Call to check price and availability
    Request Owner's contact information
    193 Main St. Mt Erin, TN 37061
    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.
    193 Main St. Mt
    Erin, TN 37061
    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
    193 Main St. Mt Erin, TN 37061
    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 Amy Robinson
    Amy Robinson
    Real Estate License ID: 336580
    (615) 758-8886 (615) 636-2564
    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!