Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    312 Meeks Rd Adamsville, TN 38310

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    312 Meeks Rd Adamsville, TN 38310

    View on Map
    • Apartment buildings
    • 1,080 SF
    • 4.75 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 312 Meeks Rd

    Lot size
    4.75 lot acres
    Property size
    1,080 SF
    Property type
    Apartment buildings

    Description

    This exceptional multifamily property in Adamsville, Tennessee, presents a unique investment opportunity. Nestled on a sprawling 4.75-acre lot, the estate boasts two houses: a main house and a charming tiny house. The main house offers 1,020 square feet of living space, including two bedrooms, one bathroom, and an open kitchen and living area equipped with a full-size refrigerator and gas stove. A beautiful log porch wraps around the home, providing ample outdoor living space. The renovated tiny house comprises 376 square feet, featuring one bedroom, a kitchenette, and a stylish bathroom with stained-glass accents. Additional features include a 12x8 greenhouse, a solar-powered detached one-car garage, a firepit area perfect for gatherings, and several fruit trees. The property is enhanced by a gated entrance and gravel driveway, ensuring privacy and security. Located just 16 miles from Pickwick Landing State Park and Marina, and near Chickasaw State Forest and Shiloh National Military Park, this property offers convenient access to outdoor recreation. Its proximity to Nashville, Memphis, Jackson, and Huntsville provides a blend of rural tranquility and urban accessibility. The property also features marketable timber. The asking price is $249,900. The total square footage of both buildings is 1,080 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Adamsville
    County
    McNairy
    State
    Tennessee
    Longitude
    -88.43
    Latitude
    35.3224

    Comparable in this City

    • Value Estimation by Request
      7,042 SF

      Baptist St

      MOBILE HOME PARK, TRAILER PARK • 7,042 SF
      Baptist St, Adamsville, TN 38310
      View Details
    • Value Estimation by Request

      64 Hwy

      Land
      64 Hwy, Adamsville, TN 38310
      View Details
    • Value Estimation by Request
      0.20 Acres

      Hwy 64

      VACANT COMMERCIAL LAND • 0.20 Acres
      Hwy 64, Adamsville, TN 38310
      View Details
    • Value Estimation by Request
      0.50 Acres

      110 Cotner Ln

      COMMERCIAL (GENERAL) • 0.50 Acres
      110 Cotner Ln, Adamsville, TN 38310-4826
      View Details
    • Value Estimation by Request
      1.02 Acres

      Main St

      VACANT COMMERCIAL LAND • 1.02 Acres
      Main St, Adamsville, TN 38310
      View Details
    • Value Estimation by Request
      0.03 Acres

      Maple N St

      VACANT COMMERCIAL LAND • 0.03 Acres
      Maple N St, Adamsville, TN 38310
      View Details

    Similar Nearby for Sale

    • $249,900
      1.68 Acres

      Waterfront Property on Tennessee River

      Waterfront property with updated house, camper, and river access.
      3360 Coffee Landing Rd, Adamsville, TN 38310
      View Details
    • $167,500
      1,508 SF

      Adamsville Mixed-Use Property on Highway

      Versatile property suitable for residential or commercial use outside Adamsville.
      600 Us Highway 64, Adamsville, TN 38310
      View Details
    • $99,000

      Prime Commercial Land in Crump, TN

      Level lot, ready for development. 111,513 sq ft.
      0 Us Highway 64, Adamsville, TN 38310
      View Details
    • Contact for pricing
      0.65 Acres

      Adamsville Land with Utilities

      Level lot with utilities near Tennessee River access.
      825 Towboat Ln, Adamsville, TN 38310
      View Details
    • $999,900

      Adamsville Hardware Store For Sale

      Established hardware store with building, land, inventory, and fixtures.
      234 N Maple St, Adamsville, TN 38310
      View Details
    • $80,000

      8.72 Acres with Creek Frontage

      8.72 acres of farmland with creek, owner financing available.
      4 Main St, Adamsville, TN 38310
      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.
    312 Meeks Rd
    Adamsville, TN 38310
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!