Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pleasant Springs Rd Henderson, TN 38340
    Back to Search
    Property profile & analytics

    Pleasant Springs Rd Henderson, TN 38340

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Pleasant Springs Rd

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 3.3-acre property, located at 0 Pleasant Springs Road in Henderson, Tennessee, presents a rare opportunity for those seeking tranquility and outdoor recreation. Situated just 10 minutes from Henderson and 30 minutes from Jackson, this land boasts unparalleled privacy, backing directly onto Chickasaw State Park. Enjoy immediate access to park trails, abundant wildlife, and serene surroundings. The 146,797.2 square foot lot features a flat build site perfect for constructing a dream home or developing a unique project. A gravel driveway leads to the property, secured by a gate at the entrance. City water is conveniently available, simplifying the development process. This unique parcel offers a blend of seclusion and accessibility, making it ideal for nature enthusiasts, outdoor adventurers, or anyone seeking a peaceful retreat. The property is zoned for commercial, residential, and recreational use, providing flexibility for various development options. The asking price for this remarkable property is $48,500. Don't miss this chance to own a piece of Tennessee's natural beauty.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Chester
    State
    Tennessee
    Longitude
    -88.7711
    Latitude
    35.3947

    Comparable in this City

    • Value Estimation by Request

      00 Holmes Rd And Hwy 225

      Multifamily properties
      00 Holmes Rd And Hwy 225, Henderson, TN 38340
      View Details
    • Value Estimation by Request
      3,241 SF

      974 Woodland Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,241 SF
      974 Woodland Dr, Henderson, TN 38340-1253
      View Details
    • Value Estimation by Request
      3,796 SF

      4th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,796 SF
      4th St, Henderson, TN 38340
      View Details
    • Value Estimation by Request
      3,916 SF

      952 Woodland Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,916 SF
      952 Woodland Dr, Henderson, TN 38340-1253
      View Details
    • Value Estimation by Request
      1,230 SF

      430 Steed St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,230 SF
      430 Steed St, Henderson, TN 38340
      View Details
    • Value Estimation by Request

      00 Woodland Dr

      Multifamily properties
      00 Woodland Dr, Henderson, TN 38340
      View Details

    Similar Nearby for Sale

    • $670,000
      11,602 SF

      Henderson Commercial Property For Sale

      Commercial property in Henderson, TN, with excellent access and parking.
      123 N Church Ave N, Henderson, TN 38340
      View Details
    • Contact for pricing

      Approximately 60 Acre Tract

      Land tract with access from four locations.
      817 Hill Ave, Henderson, TN 38340
      View Details
    • $375,000
      60.00 Acres

      60-Acre Land Tract in Henderson

      60-acre land tract with access from three locations.
      795 Hill Ave, Henderson, TN 38340
      View Details
    • $399,900
      1,991,563 SF

      Secluded Acreage with Foundation

      46-acre property with gated entrance, driveway, and foundation.
      320 Peddy Vestal Loop, Henderson, TN 38340
      View Details
    • $284,900
      63.00 Acres

      63 Acres Wooded Land

      63 acres of wooded land near Henderson, Tennessee.
      Cedar Brook Ln, Henderson, TN 38340
      View Details
    • Contact for pricing

      Unrestricted Land in Chester County

      26.85 acres of unrestricted land with easy access.
      000 Sweet Lips Rd, Henderson, TN 38340
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Medical/Office Space

      Retail and medical/office spaces available in Henderson, Tennessee.
      715 E Main St, Henderson, TN 38340
      View Details
    • $12 SF/Yr

      1170

      18,000 SQ FT COMMERCIAL BUILDING ON 4 ACRES
      1170 Us Highway 45, Henderson, TN 38340
      View Details
    • $6 SF/Yr
      8,000 SF

      Retail Space in Growing Area

      8000 sq ft retail space with anchor tenants.
      121 Whitley Ave, Henderson, TN 38340
      View Details
    • Contact for pricing
      8,000 SF

      Retail Strip Center For Rent

      Retail strip center anchored by Sav-a-lot and Family Dollar.
      111-129 Whitley Ave, Henderson, TN 38340
      View Details
    • Contact for pricing

      Medical Office Space Available

      3,500 SF medical office space for lease.
      715 East Main St, Henderson, TN 38340
      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.
    Pleasant Springs Rd
    Henderson, TN 38340
    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
    Pleasant Springs Rd, Henderson, TN, 38340
    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!