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    Green Valley Dr Oakland, TN 38060
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    Green Valley Dr Oakland, TN 38060

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    • Land
    • 2.85 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Green Valley Dr

    Lot size
    2.85 lot acres
    Property type
    Land

    Description

    This exceptional 2.85-acre commercial land parcel presents a prime investment opportunity in Oakland, Tennessee. Strategically located just off US Highway 64, this property boasts significant visibility and accessibility. The site is zoned for commercial use, allowing for a wide range of development possibilities. Utilities are already in place, simplifying the development process and reducing upfront costs. The high traffic volume of Highway 64, with over 20,000 vehicles per day (based on TDOT 2018 data), ensures substantial exposure for any future business. The asking price for this vacant land is $300,000. Highway 64 signage is also available, providing an additional marketing advantage. This property is situated at 0 Green Valley Drive, Oakland, TN 38060, in Fayette County. Its location offers excellent potential for a variety of commercial ventures, capitalizing on the high traffic counts and convenient access to a major thoroughfare. Don't miss this chance to acquire a highly visible and well-situated commercial property in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Fayette
    State
    Tennessee
    Longitude
    -89.5042
    Latitude
    35.2272

    Comparable in this City

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      1.00 Acre

      Highway 64

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    • Value Estimation by Request
      1.00 Acre

      Highway 64

      Land • 1.00 Acre
      0 Highway 64, Oakland, TN 38060
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    • Value Estimation by Request
      15.92 Acres

      0000 Us-64

      Land • 15.92 Acres
      0000 Us-64, Oakland, TN 38060
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    • Value Estimation by Request
      1.00 Acre

      Highway 64

      Land • 1.00 Acre
      0 Highway 64, Oakland, TN 38060
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    • Value Estimation by Request
      7,488 SF

      Main St

      COMMERCIAL (GENERAL) • 7,488 SF
      Main St, Oakland, TN 38060
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    • Value Estimation
      $1,200,000
      15,188 SF

      7860 Hwy 64

      COMMERCIAL (GENERAL) • 15,188 SF
      7860 Hwy 64, Oakland, TN 38060-6030
      View Details

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      Land For Sale

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    • Contact for pricing

      Land For Sale

      Land available for sale.
      Green Valley Dr, Oakland, TN 38060
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    • Contact for pricing

      Land For Sale

      Land available for purchase.
      Highway 64, Oakland, TN 38060
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    • $300,000

      2.85 Acres Commercial Land

      2.85 acres of vacant commercial land with utilities.
      Green Valley Dr, Oakland, TN 38060
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    • $2,000,000

      Oakland Commercial Property For Sale

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    Green Valley Dr
    Oakland, TN 38060
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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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