Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2865 Highway 10 Hartsville, TN 37074

    • Retail properties & Spaces
    • 1,344 SF
    • 7.49 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2865 Highway 10

    Year built
    1992
    Lot size
    7.49 lot acres
    Property size
    1,344 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 7.49-acre commercial property in Hartsville, TN, presents a remarkable investment opportunity. Located on Highway 10, this high-traffic area site boasts excellent visibility and accessibility. The property includes a 1,344 square foot block building, complete with a bathroom and kitchen, ready for immediate use or renovation. Adding to its versatility are two 2,000-gallon gas tanks, providing potential for various fuel-related businesses. The substantial road frontage along Highway 10 and Middle Fork Road offers multiple convenient entrances and exits. Further enhancing the property's utility is a 30x40 shop building equipped with concrete floors, electricity, water, and a bathroom. Previously utilized as a gas station and convenience store, this property's diverse features and prime location open doors to a wide array of commercial ventures. Recently appraised at a significantly higher value, this offering presents a compelling chance to acquire a well-situated property at a price well below appraisal. Don't miss this chance to capitalize on the numerous possibilities this unique property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hartsville
    County
    Trousdale County, TN
    State
    Tennessee
    Longitude
    -86.0964
    Latitude
    36.4179

    Comparable in this City

    • Value Estimation by Request
      1,120 SF

      Hwy 10

      RETAIL STORES (PERSONAL SERVICES) • 1,120 SF
      Hwy 10, Hartsville, TN 37074
      View Details
    • Value Estimation by Request
      4,800 SF

      102 Main St

      RESTAURANT • 4,800 SF
      102 Main St, Hartsville, TN 37074-1704
      View Details
    • Value Estimation by Request
      3,456 SF

      109 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,456 SF
      109 Main St, Hartsville, TN 37074-1703
      View Details
    • Value Estimation by Request
      6,576 SF

      102 Dixie Dr

      AUTO REPAIR, GARAGE • 6,576 SF
      102 Dixie Dr, Hartsville, TN 37074
      View Details
    • Value Estimation by Request
      1,444 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,444 SF
      106 Main St, Hartsville, TN 37074-1316
      View Details
    • Value Estimation by Request
      2,595 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,595 SF
      103 Main St, Hartsville, TN 37074-1315
      View Details

    Similar Nearby for Sale

    • $219,900
      1,408 SF

      Renovated Retail Space For Sale

      Recently renovated retail space with central heat and air.
      202 River St, Hartsville, TN 37074
      View Details
    • $400,000

      Secluded Land with Stocked Pond

      Private Hartsville property featuring a pond, cabin, and established trails.
      1650 Puryears Bend Rd, Hartsville, TN 37074
      View Details
    • $1,400,000
      11.73 Acres

      Hartsville Commercial Land Opportunity

      11.73 Acres, High-Visibility Location
      Mcmurry Blvd, Hartsville, TN 37074
      View Details
    • $998,000

      Hartsville Commercial Lot For Sale

      Large commercial lot with road frontage and city sewer.
      113 Mcmurry Blvd W, Hartsville, TN 37074
      View Details
    • $998,000
      1,200 SF

      Commercial Land in Growing Hartsville

      Prime commercial property with road frontage in Hartsville, Tennessee.
      113 Mcmurry Blvd W, Hartsville, TN 37074
      View Details
    • $549,900

      6 Acres Commercial/Industrial Land

      6 acres of commercial/industrial land with road frontage.
      1 Industrial Park Dr, Hartsville, TN 37074
      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.
    2865 Highway 10
    Hartsville, TN 37074
    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!