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    1020 Crossings Blvd Spring Hill, TN 37174
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    Property profile & analytics

    1020 Crossings Blvd, Spring Hill, TN 37174

    View on Map
    • Retail properties & Spaces
    • 91,296 SF
    • 7.53 lot acres
    For Lease
    $2,535,000
    View Listing →
    Kohl's Anchored Pad Site For Lease
    $2,535,000

    Kohl's Anchored Pad Site

    Outparcel in a dominant regional shopping destination.

    1020 Crossings Blvd, Spring Hill, TN 37174
    View Listing
    Property ID
    US80-1249550
    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

    • Blink Charging Station / Electric Vehicle Charging Station
    • SEPHORA at Kohl's / Cosmetic Store
    • Kohl's / Department Store

    Property Details for 1020 Crossings Blvd

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.53 lot acres
    Property type
    Retail properties & Spaces
    APN
    060028 01604
    APU
    6002801604

    Description

    This exceptional one-acre commercial land parcel presents a unique opportunity for development in the thriving Spring Hill, Tennessee market. Located at 1020 Crossings Blvd, Spring Hill, TN 37174, this single-tenant site offers unparalleled visibility and accessibility. The property's ideal location ensures high traffic volume and exposure, making it perfect for a variety of commercial uses. With a total land area of one acre, this site provides ample space for construction and development, accommodating a wide range of building plans. The property is designated as commercial land and is available for lease. Its strategic location within Spring Hill offers easy access to major transportation routes, ensuring convenient access for both employees and customers. This is a blank canvas for a discerning developer seeking a prime location to establish a successful commercial venture. The site's zoning and permitted uses should be verified independently by prospective tenants or developers. This property represents a rare opportunity to secure a highly desirable commercial location in a rapidly growing area. Don't miss this chance to capitalize on the potential of this exceptional Spring Hill, Tennessee property. Further details regarding lease terms and conditions are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,323,000
      Market price range: $2.32M - $11.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Maury
    State
    Tennessee
    Longitude
    -86.9416
    Latitude
    35.7392
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $70,228
    $993,960
    $1,657,160
    $2,651,120
    -
    $2,484,900
    $4,142,900
    $6,627,800

    Comparable in this City

    • Value Estimation
      $895,000
      7,268 SF

      2014 Crossings Cir

      DEPARTMENT STORE
      2014 Crossings Cir, Spring Hill, TN 37174-3312
      View Details
    • Value Estimation by Request
      10.00 Acres

      3458 Kedron Rd

      Land
      3458 Kedron Rd, Spring Hill, TN 37174
      View Details
    • Value Estimation
      $1,205,000
      20,867 SF

      1037 Crossings Blvd

      DEPARTMENT STORE
      1037 Crossings Blvd, Spring Hill, TN 37174-2776
      View Details
    • Value Estimation
      $3,375,000
      18,350 SF

      1000 Crossings Blvd

      DEPARTMENT STORE
      1000 Crossings Blvd, Spring Hill, TN 37174-2787
      View Details
    • Value Estimation by Request
      16,670 SF

      2838 Duplex Rd

      Lifestyle centers
      2838 Duplex Rd, Spring Hill, TN 37174
      View Details
    • Value Estimation by Request
      5,330 SF

      2000 Crossings Cir

      RESTAURANT
      2000 Crossings Cir, Spring Hill, TN 37174-2779
      View Details

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      Spring Hill Investment Opportunity

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      5.4-Acre Property with 40'x60' Shop

      5.4-acre property in Spring Hill with a recently constructed shop.
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      217 Acres in Spring Hill

      217 acres suitable for large-scale development near I-65.
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    Similar Nearby for Lease

    • Contact for pricing
      5,200 SF

      Retail Space in Spring Hill

      Class A shopping center with high traffic and anchor tenants.
      1037-1041 Crossings Blvd, Spring Hill, TN 37174
      View Details
    • Contact for pricing

      Kohl's Anchored Pad Site

      Outparcel in a dominant regional shopping destination.
      1020 Crossings Blvd, Spring Hill, TN 37174
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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
      View Details
    • Contact for pricing

      Spring Hill Commercial Land Opportunity

      1.03-acre lot for sale or ground lease in Spring Hill.
      Stephen P Yokich Pkwy, Spring Hill, TN 37174
      View Details
    • Contact for pricing
      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
      View Details
    View Listing
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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.

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