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    Property profile & analytics

    Middle Rd Milan, TN 38358

    • Land
    • 13.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Middle Rd

    Lot size
    13.60 lot acres
    Property type
    Land

    Description

    This exceptional 13.6-acre commercial property, located in Milan, Tennessee, presents a unique investment opportunity. Situated within the city limits, this level lot offers significant potential for various commercial developments. Currently generating a consistent annual income of $1,200 through crop production leases, this land provides immediate return on investment while offering long-term growth prospects. The property's convenient location and ample acreage make it ideal for a wide range of commercial ventures. The parcel is identified by APN numbers 49.01 & 49.02 and is conveniently located on Middle Rd, Milan, TN 38358. Its flat topography simplifies development, minimizing site preparation costs. The asking price for this highly desirable property is $160,000. Given its location, size, and current income stream, this land represents a compelling investment opportunity with substantial upside potential. Serious inquiries are encouraged to explore the possibilities this property offers. The property is located in Gibson County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.7466
    Latitude
    35.9401

    Comparable in this City

    • Value Estimation by Request
      0.82 Acres

      458 Laneview-Concord Rd

      Land • 0.82 Acres
      458 Laneview-Concord Rd, Milan, TN 38358
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    • Value Estimation by Request

      3069 Graball Dr

      Land
      3069 Graball Dr, Milan, TN 38358
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    • Value Estimation by Request

      Van Hook St

      Land
      0 Van Hook St, Milan, TN 38358
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    • Value Estimation by Request
      17.88 Acres

      19 Farrow Ln

      Multifamily properties • 1,980 SF
      19 Farrow Ln, Milan, TN 38358
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    • Value Estimation by Request
      2,492 SF

      1013 Main St

      Individual retail properties • 2,492 SF
      1013 Main St, Milan, TN 38358
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    • Value Estimation by Request
      5.00 Acres

      Paul Price Rd

      Land • 5.00 Acres
      0 Paul Price Rd, Milan, TN 38358
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.82 Acres

      Trenton, TN Commercial Land

      0.82-Acre Commercial Lot, $25K
      458 Laneview-Concord Rd, Milan, TN 38358
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    • Contact for pricing

      Land For Sale, Milan, TN

      Land available in Milan, Tennessee.
      2101 Wahl St, Milan, TN 38358
      View Details
    • Contact for pricing

      Land in Milan, Tennessee

      Land available for investment or residential development in Milan, TN.
      3036 N Main St, Milan, TN 38358
      View Details
    • New
      $59,900
      6.24 Acres

      Land For Sale in Milan

      6.24 acre tract of land in Gibson County, Tennessee.
      Gold Medal Rd, Milan, TN 38358
      View Details
    • New
      Contact for pricing
      Pending

      Vacant Land in Growing Community

      Vacant lot in high-demand Milan, Tennessee, ready for development.
      3019 N Main St, Milan, TN 38358
      View Details
    • New
      Contact for pricing
      Pending

      Land For Sale in Milan

      Affordable lot in Milan, Tennessee, with access to city amenities.
      1099 Bryant St, Milan, TN 38358
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      38,225 SF

      Milan Executive Office Suites

      Prime Walmart shadow center space available.
      15423 1St St, Milan, TN 38358
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      2,082 SF

      Retail Space with Great Visibility

      Adaptable retail space with ample parking and brand exposure.
      6045 S 1St St, Milan, TN 38358
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    • Contact for pricing
      294,425 SF

      Renovated Industrial Property Off I-40

      Industrial property between Nashville and Memphis, ready for immediate occupancy.
      4071 Denton Fly Rd, Milan, TN 38358
      View Details
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    Middle Rd
    Milan, TN 38358
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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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