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    Drivers Ln Prospect, TN 38477

    • Commercial real estate
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Drivers Ln

    Lot size
    0.42 lot acres
    Property type
    Commercial real estate

    Description

    This unique commercial property, located at 0 Drivers Lane in Prospect, Tennessee, presents a compelling investment opportunity. The 0.42-acre lot is currently utilized for billboard advertising, with a single billboard currently under lease generating annual rental income. The property's zoning allows for communications-related land use, making it ideal for continued billboard operation or potential expansion. The existing lease provides a stable income stream, offering immediate return on investment. The property's location in Prospect, Tennessee, offers excellent visibility and accessibility, ensuring optimal exposure for advertising. This is a turnkey investment, requiring minimal management and offering significant potential for future growth. The sale price is $59,900. Given the current lease and the property's zoning, this represents a strong potential for passive income generation. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is sold as-is. Further details regarding the lease agreement and financial performance are available upon request. This is a rare chance to acquire a profitable commercial property in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prospect
    County
    Giles County, TN
    State
    Tennessee
    Longitude
    -86.8833
    Latitude
    35.0472

    Comparable in this City

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      9310 Elkton Pike

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      7614 Elkton Pike

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      7989 Elkton Pike

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      7245 Elkton Pike

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    Drivers Ln
    Prospect, TN 38477
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    Realmo Value Estimation

    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.

    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
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