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    11830 Milton Wilson Dr Arlington, TN 38002
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    11830 Milton Wilson Dr, Arlington, TN 38002

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    • Retail properties & Spaces
    • 4,586 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 11830 Milton Wilson Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional multi-tenant retail building, located at 11830 Milton Wilson Drive in Arlington, Tennessee, offers a fantastic opportunity for businesses seeking high-visibility space. The property boasts a total of 4,586 square feet, with a flexible layout accommodating various retail or restaurant concepts. Currently, there is 2,934 square feet of vacant space available, divisible into units ranging from a minimum of 1,234 square feet to a maximum contiguous space of 1,700 square feet. The building enjoys a prime location on Milton Wilson Boulevard, just west of the intersection with Airline Road, ensuring excellent exposure to high traffic volume. This presents a unique chance to establish or expand your business in a thriving area of Shelby County. The property's versatile design and strategic location make it an ideal choice for a variety of retail or restaurant uses. The available space is ready for immediate occupancy, providing a seamless transition for your business operations. Don't miss this opportunity to secure a prominent presence in a rapidly growing market. The address is 11830 Milton Wilson Dr, Arlington, TN 38002.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6668
    Latitude
    35.2714

    Comparable in this City

    • Value Estimation by Request
      664 SF

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      17,500 SF

      11695 Us-70

      Restaurants
      11695 Us-70, Arlington, TN 38002
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      4,950 SF

      Milton Wilson Dr

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      0 Milton Wilson Dr, Arlington, TN 38002
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      93,000 SF

      3536 Canada Rd

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      1.28 Acres

      Canada Rd

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      0 Canada Rd, Lakeland, TN 38002
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    • Value Estimation by Request

      Sec Of Airline Rd & Milton Wilson Blvd

      Lifestyle centers
      0 Sec Of Airline Rd & Milton Wilson Blvd, Arlington, TN 38002
      View Details

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      Prime Land in Arlington Commons

      Outparcels available in high-traffic Arlington, TN location.
      6050 Airline Rd, Arlington, TN 38002
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    • $9,900,000
      27.35 Acres

      Arlington Land For Sale

      27.35 acres of mixed-use development land in Arlington, TN.
      Milton Wilson Blvd, Arlington, TN 38002
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      51,359 SF

      Retail Property in High-Traffic Area

      Retail property with excellent visibility in a major intersection.
      11615-11635 Us 70, Arlington, TN 38002
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    Similar Nearby for Lease

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      Retail Center Near Arlington School

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      2,325 SF

      Retail Space in Proposed Center

      Proposed shopping center with retail and restaurant space for lease.
      Milton Wilson Dr & Airline Rd, Arlington, TN 38002
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      Retail Space for Lease

      Retail space available for lease in Arlington, Tennessee.
      Milton Wilson Dr, Arlington, TN 38002
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      Retail Space in Lakeland, Tennessee

      New retail development at Highway 70 and Seed Tick Rd.
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      1,573 SF

      Retail Space with Drive-Through

      Retail space with drive-through in Lakeland, Tennessee.
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    Arlington, TN 38002
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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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