Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4720 Us-231 Castalian Springs, TN 37031
    Back to Search
    Property profile & analytics

    4720 Us-231 Castalian Springs, TN 37031

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

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 4720 Us-231

    Lot size
    18.58 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 18.58-acre farm in Castalian Springs, Tennessee, presents a unique opportunity. The property boasts a large barn with six matted stables, a tack room, feed storage, a 300-bale hay loft, a wash stall, and farmhand quarters with a full bath, water, and electricity. Additional features include dog kennels, fenced and cross-fenced pastures, a horse trailer shed, a workshop with electricity, a lit outdoor arena with water access, and a well providing water to all six pastures. The existing home offers one bedroom and one bathroom on the main floor, a primary suite upstairs with a separate tub and shower, two additional upstairs bedrooms, and a full bath. Both upstairs bathrooms feature double vanities, and the home includes walk-in closets, extra storage, a pantry, and a laundry room. The home is equipped with a geothermal system and a four-zone HVAC system, a heated and cooled garage, and city water. Exterior amenities include a covered wrap-around porch, a large covered back deck with a ramp and hot tub electrical box, and two RV hookups. The home is wired for a generator (not included) and offers expansion space. A one-year home warranty is included. The property is zoned A-1 and offers significant development potential in addition to its current use as a thriving horse farm. Motivated sellers. Located at 4720 US-231, Castalian Springs, TN 37031.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Castalian Springs
    County
    Trousdale
    State
    Tennessee
    Longitude
    -86.2544
    Latitude
    36.3666

    Comparable in this City

    • Value Estimation by Request
      11.00 Acres

      1201 Old Hopewell Rd

      Farms • 3,042 SF
      1201 Old Hopewell Rd, Castalian Springs, TN 37031
      View Details
    • Value Estimation by Request
      0.76 Acres

      Nathan Harsh Ln

      VACANT COMMERCIAL LAND • 0.76 Acres
      Nathan Harsh Ln, Castalian Springs, TN 37031
      View Details
    • Value Estimation by Request
      4.63 Acres

      25th Hwy 25th W

      CHARITABLE ORGANIZATION • 4.63 Acres
      25th Hwy 25th W, Castalian Springs, TN 37031-5537
      View Details
    • Value Estimation by Request
      19.40 Acres

      Rock Spgs Rd

      CHARITABLE ORGANIZATION • 19.40 Acres
      Rock Spgs Rd, Castalian Springs, TN 37031
      View Details
    • Value Estimation by Request
      1,520 SF

      555 Hwy 231st S

      RETAIL STORES (PERSONAL SERVICES) • 1,520 SF
      555 Hwy 231st S, Castalian Springs, TN 37031
      View Details
    • Value Estimation by Request
      3,960 SF

      Hwy 25th W

      RESTAURANT • 3,960 SF
      Hwy 25th W, Castalian Springs, TN 37031
      View Details

    Similar Nearby for Sale

    • $240,000

      Pinnacle Farms Fenced Land

      5.92 acres of fenced land with mature trees and pond.
      1024 Peak Dr, Castalian Springs, TN 37031
      View Details
    • $588,998

      Old Hickory Lake Riverfront Property

      8-acre riverfront property with barn, ideal for recreation.
      1113 East Robertson Rd, Castalian Springs, TN 37031
      View Details
    • $3,325,000
      30,625 SF

      Historic Property with Flexible Space

      Unique property in Castalian Springs with retail, warehouse, and event potential.
      5830 Highway 231 South, Castalian Springs, TN 37031
      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.
    4720 Us-231
    Castalian Springs, TN 37031
    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

    Thank You for Inquiry
    4720 Us-231, Castalian Springs, TN, 37031
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!