Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 45 Commercial Land Title is generated by Realmo AI

    Highway 45, Martin, TN 38237

    View on Map
    Claim this Listing
    For Sale
    $1,000,000

    COMMERCIAL - Martin, TN

    Lot size:
    11.14 Acres
    Added:
    Dec 30, 2019
    Days on Market:
    2345
    Last Refresh:
    Jun 1 at 11:06 pm

    Property Features for Highway 45

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    11.14 Acres

    We can help!

    Listing Contact
    ALEX BYNUM
    ALEX BYNUM

    Listing agent ALEX BYNUM License #320284

    Listing office WENDELL ALEXANDER REALTY 224 S LINDELL ST, Dresden, TN

    Listing date Dec 30, 2019

    MLS# 41437 Listing URL

    Copyright © 2026 Reelfoot Regional Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High traffic count (over 8,500 daily) on State Highway 45.
    • Large lot size: 11.14 acres +/-.
    • Divisible into up to 5 lots at $250,000/lot.
    • Water and sewer available.
    • Prime exposure location.
    • Gas and fiber optic internet coming within a year.

    Overview

    This commercial property, located on State Highway 45 in Martin, TN, offers a business opportunity with prime exposure and a daily traffic count exceeding 8,500. The property consists of 11.14 acres, which can be divided into up to 5 lots at $250,000 per lot. Water and sewer services are available. Gas and fiber optic services are planned for the area within the next year.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Martin
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.85569
    Latitude
    36.41881

    Nearby Similar for Sale

    • $750,000
      16,700 SF

      Grocery Store Ready Retail Building

      Freestanding retail building equipped for grocery or food retail.
      4200 Skyhawk Parkway, Martin, TN 38237
      View Details
    • $399,900
      2,890 SF

      Income-Producing Multifamily Investment Opportunity

      Two multifamily properties with income potential in Martin, Tennessee.
      118-120 Murphy, Martin, TN 38237
      View Details
    • $215,900
      1,964 SF

      Income-Producing Duplex in Martin, TN

      Duplex with new roof in a low-traffic location.
      125-127 Ivie Circle, Martin, TN 38237
      View Details
    • $990,000
      52,000 SF

      Martin, TN Industrial Building

      52,000+/- SF industrial building in Martin, TN for sale.
      1445 Main Street, Martin, TN 38237
      View Details
    • $475,000

      Income Producing Retail Suites

      Turn-key investment property with long-term tenants and high traffic.
      401 N Lindell, Martin, TN 38237
      View Details
    • $125,000
      5,000 SF

      Historic Downtown Martin Potential Property

      Located in historic downtown Martin, offering business, living, investment potential.
      220 S Lindell, Martin, TN 38237
      View Details
    • $1.00

      Prime Commercial Land Opportunity

      Vacant land in high-traffic location, ideal for commercial development.
      926 University Street, Martin, TN 38237
      View Details
    • $2,000,000

      Development Land Near University

      28-acre development opportunity near Walmart and University of Tennessee.
      137 Courtright Rd., MARTIN, TN 38237
      View Details
    • $395,000

      Corner Lot in Martin, TN

      High-traffic commercial land near University of Tennessee at Martin.
      138 TN-431, Martin, TN 38237
      View Details
    • $570,000

      University Street Land Opportunity

      55 +/- acres near University of Tennessee at Martin.
      896 University St, Martin, TN 38237
      View Details
    • $119,900
      1,506 SF

      Martin, TN Duplex Opportunity

      Duplex in Martin, TN with rental income potential.
      315 S McCombs Street, Martin, TN 38237
      View Details
    • $169,900
      1,654 SF

      Martin TN Triplex For Sale

      Triplex in Martin, TN with income potential and detached garage.
      107 Ryan Street, Martin, TN 38237
      View Details

    FAQs

    What type of property is this?
    Commercial land - 11.14 acres on Highway 45 with high traffic exposure.
    Where is this commercial land located?
    The property is located at Highway 45 Martin, TN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: High traffic count (over 8,500 daily) on State Highway 45.; Large lot size: 11.14 acres +/-.; Divisible into up to 5 lots at $250,000/lot.
    (731) 281-1220
    We can help!
    Listing Contact
    ALEX BYNUM
    ALEX BYNUM
    Real Estate License ID: 320284
    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
    Highway 45, Martin, TN 38237
    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!