4500 Lake Springs Rd Portland, TN 37148
This expansive 870,000 square foot mixed-use property, located at 4500 Lake Springs Rd, Portland, Tennessee 37148, presents a significant investment opportunity. Currently vacant, this fee simple ownership offers substantial potential for a variety of commercial or industrial uses. The property boasts a prime location with 1,000 feet of Interstate frontage on I-65, exit 121, providing exceptional visibility and accessibility. The asking price is $200,000, translating to a price per square foot of $0.23. Given the current vacancy, the net operating income (NOI) is $0 and the cap rate is 0.00%. The property is situated in Robertson County, Tennessee, offering access to a growing market and strong transportation infrastructure. This large-scale property is ideal for owner-users seeking a substantial footprint in a strategic location. The property's size and highway frontage make it suitable for a wide range of development possibilities. Serious inquiries are encouraged to explore the full potential of this unique investment. No air rights are included in this sale.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.