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    1009 Old Kedron Rd Spring Hill, TN 37174
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    1009 Old Kedron Rd Spring Hill, TN 37174

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    • Commercial land
    For Sale
    $857,500
    View Listing →
    Commercial Land Near Downtown For Sale
    $857,500
    3.40 Acres

    Commercial Land Near Downtown

    3.4 acres of commercial land near downtown Spring Hill.

    1009 Old Kedron Rd, Spring Hill, TN 37174
    View Listing
    Property ID
    US80-0321652
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1009 Old Kedron Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    C-4 (General Commercial) Zoning right outside of downtown Spring Hill, very close to major medical, and lots of new development. Across street from major mixed-use development coming soon. 3.4 Acres of land with adjoining property also for sale. Zoning allows for many commercial applications. See Allowed Uses document for information. Offered as a land development sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Maury
    State
    Tennessee
    Longitude
    -86.9222382
    Latitude
    35.7420066

    Comparable in this City

    • $9,000,000

      217 Acres in Spring Hill

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      Commercially Zoned Land Available

      Rare commercially zoned land with utilities available for sale.
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    • $550,000
      Pending

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      Cleared 1.69-acre commercial lot with high visibility.
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      Prime Commercial Land Available

      Outparcels and commercial land for sale, ground lease, or build-to-suit.
      John Lunn Rd, Spring Hill, TN 37174
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    • $1,980,000

      23.45 Acres Development Opportunity

      23.45-acre parcel for residential or future commercial development in Spring Hill.
      3015 Duplex Rd, Spring Hill, TN 37174
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    Similar Nearby for Sale

    • $1,980,000

      23.45 Acres Development Opportunity

      23.45-acre parcel for residential or future commercial development in Spring Hill.
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    • $1,898,127

      Prime Commercial Land in Spring

      4.98 acres in Spring Hill's retail corridor for sale.
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    • $1,600,000

      Prime Commercial Land For Sale

      3.497 acres of commercial land in Spring Hill, TN.
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      Retail Outparcels at June Lake

      Retail outparcel opportunities in a master-planned community with high visibility.
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      Spring Hill Industrial Land Available

      Located in fast-growing Spring Hill, close to Franklin & Cool Springs.
      3636 Royal Park Blvd, Spring Hill, TN 37174
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      Spring Hill Commercial Development Opportunity

      7.61 acres of commercial land for development in Spring Hill.
      3063 Miles Johnson Pkwy, Spring Hill, TN 37174
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    Similar Nearby for Lease

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      Spring Hill Commercial Land Opportunity

      1.03-acre lot for sale or ground lease in Spring Hill.
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      109,000 SF

      Industrial Building with Approved Site

      Industrial property with full site plan approval in Spring Hill.
      3706 John Lunn Rd, Spring Hill, TN 37174
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      2,400 SF

      Spring Hill Flex/Industrial Space

      3,600 SF flex/industrial space available for lease.
      4001 Parkfield Loop N, Spring Hill, TN 37174
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      Industrial Space in Class A Park

      Class A industrial space available for immediate occupancy.
      835 Beechcroft Rd, Spring Hill, TN 37174
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      Kohl's Anchored Pad Site

      Outparcel in a dominant regional shopping destination.
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      6,000 SF

      Retail Space Near Kroger

      6,000 SF retail space available Summer 2020.
      4886 Port Royal Rd, Spring Hill, TN 37174
      View Details
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    Spring Hill, TN 37174
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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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    1009 Old Kedron Rd, Spring Hill, TN, 37174
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