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    Property profile & analytics

    817 Hill Ave Henderson, TN 38340

    • Commercial real estate
    For Sale
    View listing
    $372,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2026171
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 817 Hill Ave

    Property type
    Commercial real estate

    Description

    This exceptional 60-acre commercial and residential land parcel presents a unique investment opportunity in Henderson, Tennessee. Located at 817 Hill, this irregularly shaped tract boasts convenient access from four points: a 413-foot frontage on Williams Road, a 55-foot strip between 751 and 777 Hill Avenue, a strip north of 817 Hill Extension, and access from the end of Mason Street. The property measures approximately 2,613,600 square feet and extends roughly 2,445 feet from Williams Road to Mason Street. A detailed survey is available upon request. It's important to note that this sale excludes a separate 10-acre parcel with an existing home and shop located on 817 Hill Avenue Extension. This prime location in Chester County, Tennessee, zip code 38340 (latitude 35.4053803, longitude -88.6916315), offers significant potential for various commercial and residential developments. The property's size and multiple access points provide flexibility for a range of projects. The asking price for this expansive land holding is $372,000. Don't miss this chance to acquire a substantial piece of land in a desirable Tennessee location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Chester
    State
    Tennessee
    Longitude
    -88.6916315
    Latitude
    35.4053803

    Comparable in this City

    • $93,000

      Prime Chester County Land

      26.85 Acres, Unrestricted, $93,000
      000 Sweet Lips Rd, Henderson, TN 38340
      View Details
    • $301,600

      Henderson, TN Development Land

      Massive R-3 zoned acreage, utilities available.
      00 Woodland Dr, Henderson, TN 38340
      View Details
    • Contact for pricing

      Henderson Residential Land - $27K

      Build Your Dream Home in West Chester Hills
      00 Deerfield Loop, Henderson, TN 38340
      View Details
    • $159,900
      Pending

      Henderson TN Duplex Investment Property

      Fully occupied duplex in central location with stable cash flow.
      961 Woodland Dr, Henderson, TN 38340
      View Details
    • New
      $850,000
      1,600 SF

      Secluded Cabins on 12.81 Acres

      Seven cabins on 12.81 acres, great income potential.
      115 Chalet Ln, Henderson, TN 38340
      View Details
    • Contact for pricing
      1.00 Acre

      Residential Land in Henderson, TN

      One-acre lot in WestChester Hills, ideal for building a home.
      Deerfield Loop, Henderson, TN 38340
      View Details

    Similar Nearby for Sale

    • $301,600

      Henderson, TN Development Land

      Massive R-3 zoned acreage, utilities available.
      00 Woodland Dr, Henderson, TN 38340
      View Details
    • $93,000

      Prime Chester County Land

      26.85 Acres, Unrestricted, $93,000
      000 Sweet Lips Rd, Henderson, TN 38340
      View Details
    • Contact for pricing

      Henderson Residential Land - $27K

      Build Your Dream Home in West Chester Hills
      00 Deerfield Loop, Henderson, TN 38340
      View Details
    • $159,900
      Pending

      Henderson TN Duplex Investment Property

      Fully occupied duplex in central location with stable cash flow.
      961 Woodland Dr, Henderson, TN 38340
      View Details
    • New
      $850,000
      1,600 SF

      Secluded Cabins on 12.81 Acres

      Seven cabins on 12.81 acres, great income potential.
      115 Chalet Ln, Henderson, TN 38340
      View Details
    • $171,900
      76.00 Acres

      76-Acre Hunting and Timber Tract

      Land with diverse terrain, timber value, and recreational potential.
      PT-09 Palestine Ln, Henderson, TN 38340
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      1170

      18,000 SQ FT COMMERCIAL BUILDING ON 4 ACRES
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    • $6 SF/Yr
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      Retail Space in Growing Area

      8000 sq ft retail space with anchor tenants.
      121 Whitley Ave, Henderson, TN 38340
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    • Contact for pricing
      8,000 SF

      Retail Strip Center For Rent

      Retail strip center anchored by Sav-a-lot and Family Dollar.
      111-129 Whitley Ave, Henderson, TN 38340
      View Details
    • $144 SF/Yr
      7,800 SF

      Main Street Henderson Medical Office

      7,800 SF Medical/Office Space Available
      715 Main St, Henderson, TN 38340
      View Details
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    817 Hill Ave
    Henderson, TN 38340
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    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
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