Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    175 Main St Lexington, TN 38351

    • Commercial real estate
    • 2.65 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1463590
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 175 Main St

    Lot size
    2.65 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.65-acre commercial land parcel, located at 175 N Main St in Lexington, Tennessee (zip code 38351), presents a remarkable investment opportunity. Priced at $250,000, this vacant lot offers significant potential for a variety of development projects. Its prime location within walking distance of essential amenities makes it highly attractive. Imagine the possibilities: multi-family dwellings, apartment complexes, or retail spaces could all thrive in this vibrant area. The property's proximity to a hospital, doctor's offices, pharmacies, banks, and a supermarket ensures high visibility and convenient access for potential tenants or customers. The large lot size provides ample space for ambitious development plans, catering to a wide range of commercial ventures. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Tennessee town, offering excellent potential for significant return on investment. The property is conveniently situated at 35.6529758 latitude and -88.3987621 longitude, within Henderson County. Broker cooperation is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.3987621
    Latitude
    35.6529758

    Comparable in this City

    • Contact for pricing

      Lexington Residential Lot - Prime Location

      Build Your Dream Home in Lexington, TN
      82 Derek Dr Dr, Lexington, TN 38351
      View Details
    • $100,000

      Lexington Commercial Land Opportunity

      Prime 55,756 sq ft lot, high growth area.
      000 College St, Lexington, TN 38351
      View Details
    • $1,000,000
      8.50 Acres

      Commercial Land on Highway 412

      8.5 acres of commercial land with highway frontage.
      Highway 412, Lexington, TN 38351
      View Details
    • $670,000
      209.09 Acres

      Lexington, TN Hunting & Recreational Farm

      209.09 acre hunting and recreational farm near Pine Lake.
      Jones Rd, Lexington, TN 38351
      View Details
    • $500,000
      6.79 Acres

      Lexington Commercial Land For Sale

      6.79 acres of commercial land within Lexington city limits.
      335 E Church St, Lexington, TN 38351
      View Details
    • $99,999
      Pending

      Lakefront Lot in Redbud Subdivision

      Lakefront lot for dream home in Henderson County, Tennessee.
      692 Dry Crk Ln, Lexington, TN 38351
      View Details

    Similar Nearby for Sale

    • $792,000
      360.00 Acres

      Prime Hunting & Timberland in TN

      360 Acres, Owner Financing Available
      0 Stunning Farm, Lexington, TN 38351
      View Details
    • $700,000
      226.60 Acres

      226.6 Acres of Farmland and Timber

      Productive farmland with timber, hunting, and shop building.
      1200 Sand Ridge Rd, Lexington, TN 38351
      View Details
    • $42,500
      Pending

      Residential Land in Lexington, TN

      2.7 acre residential land parcel ready for development.
      Wilson Ln, Lexington, TN 38351
      View Details
    • $99,900

      Lexington TN Commercial Land - $99,900

      141,570 sq ft lot, build your dream home.
      10 Joy Ln, Lexington, TN 38351
      View Details
    • $179,900

      Lexington Commercial Land - Beech Lake

      Prime commercial lot, 53,578 sq ft, lake access.
      000 Cypress Cv Cv, Lexington, TN 38351
      View Details
    • $270,000

      Lexington TN Hunting Land

      Prime Hunting Land, 73 Acres, $270,000
      00 Cane Creek Rd, Lexington, TN 38351
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,940 SF

      Retail Space in High-Traffic Area

      Retail space in Lexington with high visibility and foot traffic.
      541 W Church St, Lexington, TN 38351
      View Details
    • $8 SF/Yr
      141,960 SF

      Beech Lake Commons Retail Space

      High-traffic retail center; spaces available.
      676 Church St, Lexington, TN 38351
      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.
    175 Main St
    Lexington, TN 38351
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.