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    35 Alexander Springs Rd Ethridge, TN 38456

    • Industrial properties
    • 3,200 SF
    • 17.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency

    Property Details for 35 Alexander Springs Rd

    Year built
    5
    Lot size
    17.96 lot acres
    Property size
    3,200 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 3,200 square foot Class A flex space, built in 2019, is ideally situated on 17.96 acres in Ethridge, Tennessee, offering unparalleled visibility from Highway 43 and Alexander Springs Road. The vacant, single-story building boasts two dock-high doors, making it suitable for a wide range of commercial uses, from automotive and woodworking shops to retail stores or even a restaurant. The property features heating and cooling systems, and access to Loretto optic fiber internet is available. Utilities include Summertown District Water and Lawrenceburg Electric. The expansive lot size presents additional development opportunities, such as building residential structures. This versatile property is priced at $799,900, offering a compelling opportunity for entrepreneurs and investors alike. The property's address is 35 Alexander Springs Rd, Ethridge, TN 38456 (APN: 023 058.24 001). Photos are provided by the seller. The asking price per square foot is $249.97.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ethridge
    County
    Lawrence
    State
    Tennessee
    Longitude
    -87.2711
    Latitude
    35.3729

    Comparable in this City

    • Value Estimation
      $260,000
      3,008 SF

      Ethridge Red Hl Rd

      WAREHOUSE, STORAGE • 3,008 SF
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    • Value Estimation
      $60,000
      1,280 SF

      3814 Hwy 43rd N

      WAREHOUSE, STORAGE • 1,280 SF
      3814 Hwy 43rd N, Ethridge, TN 38456-2015
      View Details
    • Value Estimation
      $285,000
      6,258 SF

      221 Church Ave

      WAREHOUSE, STORAGE • 6,258 SF
      221 Church Ave, Ethridge, TN 38456
      View Details
    • Value Estimation
      $265,000
      4,628 SF

      203 Main St

      WAREHOUSE, STORAGE • 4,628 SF
      203 Main St, Ethridge, TN 38456-2032
      View Details
    • Value Estimation
      $590,000
      3,960 SF

      3418 Hwy 43rd N

      WAREHOUSE, STORAGE • 3,960 SF
      3418 Hwy 43rd N, Ethridge, TN 38456-2137
      View Details
    • Value Estimation
      $930,000
      60,000 SF

      Hwy 43rd N

      MANUFACTURING (LIGHT) • 60,000 SF
      Hwy 43rd N, Ethridge, TN 38456
      View Details

    Similar Nearby for Sale

    • $250,000
      2,960 SF

      Highway 43 S Business Opportunity

      Prime Ethridge Location, High Visibility
      4584 Highway 43, Ethridge, TN 38456
      View Details
    • $300,000
      16.60 Acres

      Residential Land with Pond, Trails

      16.6-acre residential property with pond, trails, and existing utilities.
      145 Brier Hill Rd, Ethridge, TN 38456
      View Details
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    35 Alexander Springs Rd
    Ethridge, TN 38456
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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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