Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Recreational Land Near Greenfield, Tennessee Title is generated by Realmo AI

    Wingo Levee Road, Greenfield, TN 38230

    View on Map
    Claim this Listing
    For Sale
    $235,000

    LAND - Greenfield, TN

    Lot size:
    40.88 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    116
    Last Refresh:
    May 26 at 5:06 pm

    Property Features for Wingo Levee Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    140 033.00 & 037.00
    Lot size
    40.88 Acres

    Taxes and HOA fees

    Tax Annual Amount
    299

    We can help!

    Listing Contact
    Samuel Freeman

    Listing agent Samuel Freeman License #360146

    Listing office Wendell Alexander Realty 224 S Lindell St., Dresden, TN

    Listing date Jan 30, 2026

    MLS# 2600460 Listing URL

    Copyright © 2026 Central West Tennessee 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

    • Approximately 40.881 acres of recreational property.
    • Blend of marshland and timber along Spring Creek.
    • Ideal for wildlife habitat and recreation.
    • Subject to a WRP easement.
    • Excellent opportunity for hunting and wildlife observation.
    • Includes a secondary 0.51 acre tract with road frontage.

    Overview

    This recreational property, located just outside Greenfield, Tennessee, presents a rare opportunity encompassing approximately 40.881 acres. The property is divided into two tracts that offer complementary recreational features. The primary tract spans 40.37 acres and features a blend of marshland and timber along Spring Creek. This tract is subject to a WRP easement, making it suitable for wildlife habitat and recreation. The secondary tract, which is 0.51 acres, provides a versatile space with road frontage. Together, these tracts create an excellent opportunity for hunting, wildlife observation, and general outdoor enjoyment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Greenfield
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.730612
    Latitude
    36.192044

    Nearby Similar for Sale

    • $600,000
      6,762 SF

      Established Restaurant with Real Estate

      Turn-key restaurant opportunity with real estate in Greenfield, TN.
      212 S Front Street, Greenfield, TN 38230
      View Details
    • $110,000
      2,500 SF

      Renovated Commercial Building in Greenfield, TN

      Move-in ready commercial building with extensive updates in downtown Greenfield.
      112 Broad Street, Greenfield, TN 38230
      View Details
    • $110,000
      2,500 SF

      Renovated Commercial Building in Greenfield

      Move-in ready commercial building with extensive renovations in downtown Greenfield.
      112 Broad St, GREENFIELD, TN 38230
      View Details
    • $110,000
      2,500 SF

      Renovated Commercial Building in Greenfield

      Move-in ready, renovated commercial building with extensive updates in Greenfield, TN.
      112 Broad St, Greenfield, TN 38230
      View Details
    • $1,450,000
      8,000 SF

      Greenfield Retail Property For Sale

      Commercial property with vacant spaces available for build-out.
      1907 N Meridian, Greenfield, TN 38230
      View Details
    • $75,000

      Greenfield Commercial Lot For Sale

      High-visibility commercial lot near Highway 45 and Dollar General.
      000 S Meridian St, Greenfield, TN 38230
      View Details
    • $1,450,000
      8,000 SF

      Greenfield, TN Commercial Property

      Commercial property in Greenfield, TN with build-out opportunities.
      1907 N Meridian Street, Greenfield, TN 38230
      View Details
    • $75,000

      Greenfield Commercial Lot For Sale

      High-visibility commercial lot near Highway 45 and Dollar General.
      S Meridian Street, Greenfield, TN 38230
      View Details
    • $82,000
      1,872 SF

      Established Carwash in Greenfield, TN

      Established carwash business opportunity in downtown Greenfield, Tennessee.
      303 N Front St, Greenfield, TN 38230
      View Details
    • $150,000

      Greenfield, TN Farmland Opportunity

      25-acre versatile tract with timber and pasture in Greenfield, TN.
      00 Will Young, Greenfield, TN 38230
      View Details
    • $150,000

      Versatile 25-Acre Greenfield Tract

      25 acres suitable for recreation, hunting, or cattle operation.
      Will Young, GREENFIELD, TN 38230
      View Details
    • $75,000

      Commercial Lot in Greenfield, TN

      High-visibility commercial lot near Highway 45 and Dollar General.
      S Meridian St, GREENFIELD, TN 38230
      View Details

    FAQs

    What type of property is this?
    Recreation land - 40.88 acres of recreational land perfect for outdoor activities.
    Where is this recreation land located?
    The property is located at Wingo Levee Road Greenfield, TN.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Approximately 40.881 acres of recreational property.; Blend of marshland and timber along Spring Creek.; Ideal for wildlife habitat and recreation.
    (731) 514-6219
    We can help!
    Listing Contact
    Samuel Freeman
    Real Estate License ID: 360146
    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
    Wingo Levee Road, Greenfield, TN 38230
    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!