Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    68 Madisonville Madisonville, TN 37354

    Property Lookup

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

    68 Madisonville Madisonville, TN 37354

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

    Current Use by Public Records

    • Land

    Property Details for 68 Madisonville

    Lot size
    15.79 lot acres
    Property type
    Land

    Description

    This exceptional 15.79-acre commercial land parcel in Madisonville, Tennessee, presents a unique investment opportunity. Located on Highway 68, the property boasts approximately 300 feet of road frontage, providing excellent visibility and accessibility. The land is zoned for agricultural use, offering flexibility for various commercial developments. A significant portion of the property, nearly two acres, is already cleared and graded, ready for immediate construction. A new fence is currently under construction at the front of the property, enhancing security and defining the boundaries. The property also features a gated entrance for added privacy and control. Utilities are conveniently located at the street, simplifying development plans. An existing well on-site provides a readily available water source. The rear property line extends to the ridge top, offering breathtaking mountain and valley views, a desirable feature for many commercial ventures. The APN is 103 079.00. This property is situated in Monroe County, Tennessee, with the zip code 37354, and its coordinates are 35.4986139 latitude and -84.3331694 longitude. The asking price for this remarkable property is $275,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Monroe
    State
    Tennessee
    Longitude
    -84.3332
    Latitude
    35.4986

    Comparable in this City

    • Value Estimation by Request
      0.78 Acres

      Hagler St

      Land • 0.78 Acres
      0 Hagler St, Madisonville, TN 37354
      View Details
    • Value Estimation by Request
      10.55 Acres

      3597 Highway 411

      Multifamily properties • 10.55 Acres
      3597 Highway 411, Madisonville, TN 37354
      View Details
    • Value Estimation by Request
      10.55 Acres

      Tellico Pkwy On Hwy 411

      Land • 10.55 Acres
      0 Tellico Pkwy On Hwy 411, Madisonville, TN 37354
      View Details
    • Value Estimation by Request
      9.23 Acres

      68 Hwy

      Farms • 9.23 Acres
      68 Hwy, Madisonville, TN 37354
      View Details
    • Value Estimation by Request
      1.00 Acre

      6264 Hwy 411

      COMMERCIAL (GENERAL) • 1.00 Acre
      6264 Hwy 411, Madisonville, TN 37354-6770
      View Details
    • Value Estimation by Request
      0.80 Acres

      Patterson St

      COMMERCIAL (GENERAL) • 0.80 Acres
      Patterson St, Madisonville, TN 37354
      View Details

    Similar Nearby for Sale

    • $62,000
      1.29 Acres

      Unrestricted Land Near Little Tennessee River

      1.29 acres near Little Tennessee River, unrestricted for flexible use.
      321 Hendrix Loop, Madisonville, TN 37354
      View Details
    • $158,900
      Pending

      Unrestricted Land with Mountain Views

      13+ acre property with cleared building site and mountain views.
      Griffith Branch Rd, Madisonville, TN 37354
      View Details
    • $432,240
      36.02 Acres

      Land with Creek in Madisonville

      36-acre land with creeks, city water, and power.
      Victory Dr, Madisonville, TN 37354
      View Details
    • $180,000
      10.00 Acres

      Serene Wooded 10-Acre Tract

      Private 10-acre wooded tract near Madisonville, Tennessee.
      10 Ac, Madisonville, TN 37354
      View Details
    • $649,900
      21.00 Acres

      21 Acres with Mountain Views

      Private 21-acre property with mountain views and utilities.
      110 Garren Rd, Madisonville, TN 37354
      View Details
    • $114,990

      Land for Sale in Madisonville

      Land available on Laurel Mountain Road, Madisonville, Tennessee.
      240-242 Laurel Mountain Rd, Madisonville, TN 37354
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land on Highway 411

      Commercial land for rent in high-traffic Madisonville corridor.
      Highway 411, Madisonville, TN 37354
      View Details
    • Contact for pricing

      Former Physical Therapy Office Space

      2,400 SF former physical therapy office with therapy pool.
      520 Cook St, Madisonville, TN 37354
      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.
    68 Madisonville
    Madisonville, TN 37354
    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!