Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6199 Finde Naifeh Dr Mason, TN 38049

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6199 Finde Naifeh Dr Mason, TN 38049

    View on Map
    • Land
    • 44.49 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6199 Finde Naifeh Dr

    Lot size
    44.49 lot acres
    Property type
    Land

    Description

    This exceptional 44.49-acre property in Mason, Tennessee, presents a unique investment opportunity. Currently developed as a thriving RV park and mini-storage facility, the site boasts significant existing infrastructure and ample room for expansion. Phase 1 includes 10.65 acres with 35 RV spaces, 28 cabins, a pool with shower facilities, a 30' x 50' x 100' main building, a 30' x 150' maintenance and laundry building, three pavilions ranging from 75 sq ft to 1,500 sq ft, playground equipment, benches, and a walking trail. Further development potential is evident in Phases 2 and 3, encompassing an additional 4.71 acres for 45 more RV spaces and 3.52 acres for 88 self-storage units. The property is zoned B-1 General Business and benefits from readily available public water, electric, and sewer services. This fee-simple ownership offers a compelling blend of existing income generation and substantial future growth potential. The property's platted subdivision status streamlines development and expansion plans. The APN is 138 03700 000. This is a turnkey operation with significant upside for the right investor. The location in Tipton County, Tennessee, offers easy access to local amenities and attractions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mason
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.5519
    Latitude
    35.409

    Comparable in this City

    • Value Estimation by Request
      76.74 Acres

      Charleston-Mason Rd

      Farms • 76.74 Acres
      0 Charleston-Mason Rd, Mason, TN 38049
      View Details
    • Value Estimation by Request

      30 Us-70

      Land
      30 Us-70, Mason, TN 38049
      View Details
    • Value Estimation by Request
      14.17 Acres

      Gainesville Rd

      MOBILE HOME PARK, TRAILER PARK • 14.17 Acres
      Gainesville Rd, Mason, TN 38049
      View Details
    • Value Estimation by Request
      1.28 Acres

      Jones Ave

      MOBILE HOME PARK, TRAILER PARK • 1.28 Acres
      Jones Ave, Mason, TN 38049
      View Details
    • Value Estimation by Request

      Hwy 222

      VACANT COMMERCIAL LAND
      Hwy 222, Mason, TN 38049
      View Details
    • Value Estimation by Request
      2.22 Acres

      Hwy 70th E

      VACANT COMMERCIAL LAND • 2.22 Acres
      Hwy 70th E, Mason, TN 38049
      View Details

    Similar Nearby for Sale

    • $950,000
      2 SF

      2.93 Acres in Fayette County

      2.93 acres available near Highway 59 and Highway 70.
      45 Highway 59, Mason, TN 38049
      View Details
    • Contact for pricing

      12.27 Acres Prime Location Land

      12.27 acres of land suitable for various development projects.
      2630 Thorpe Dr, Mason, TN 38049
      View Details
    • $3,890,000
      78.50 Acres

      78.5 Acres Land For Development

      78.5 acres of land for development near Ford plant.
      5500 Charleston Mason Rd, Mason, TN 38049
      View Details
    • $84,000
      6.69 Acres

      Buildable Land in Tipton County

      6.69 acres of raw land near Stanton, Tennessee.
      TBD1 Peete Rd, Mason, TN 38049
      View Details
    • Contact for pricing

      76.74 Acres Development Opportunity

      76.74-acre parcel in Mason, Tennessee, for development.
      Charleston-Mason Rd, Mason, TN 38049
      View Details
    • $140,000
      5.61 Acres

      5.6 Acre Lot Near Ford Plant

      5.6 acre lot, half open, half wooded, prime location.
      5 Andrew Rd, Mason, TN 38049
      View Details
    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.
    6199 Finde Naifeh Dr
    Mason, TN 38049
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!