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    Property profile & analytics

    1936 Elkton Pike Pulaski, TN 38478

    • Commercial real estate
    • 66.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2228516
    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 1936 Elkton Pike

    Lot size
    66.70 lot acres
    Property type
    Commercial real estate
    APN
    02810604700, 02810604701, 02810602815

    Description

    Exceptional 66.7-acre development opportunity in Pulaski, Tennessee, is now available for $2,700,000. This strategically located property, encompassing parcels 02810604700, 02810604701, and 02810602815, boasts a Commercial Mixed-Use zoning designation. Situated at the intersection of Highway 64 and Highway 31, this site offers unparalleled access and visibility. Preliminary approvals are in place for a mixed-use development, envisioning approximately 236 residential units and 5 acres dedicated to commercial development (zoned R4 and C1). The property is conveniently located two miles south of the University of Tennessee Southern campus, benefiting from its proximity to a thriving academic community. Existing infrastructure includes municipal sewer and utilities running directly through the property, simplifying development logistics. This prime location offers easy access to both Huntsville, Alabama (45 minutes) and Franklin, Tennessee (45 minutes), making it an attractive investment for developers seeking a blend of residential and commercial opportunities. The property has been annexed and rezoned within the city limits to align with a village concept plan. This is a rare opportunity to acquire a large, well-situated parcel with significant development potential in a growing area. The property is offered for sale by owner.

    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
    Pulaski
    County
    Giles
    State
    Tennessee
    Longitude
    -87.011505
    Latitude
    35.162571

    Comparable in this City

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      100-Acre Giles County Commercial Land

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      23 Acres of Timbered Land

      23-acre timbered property with creek, ideal for hunting/recreation.
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    • $179,000
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      Pulaski Pasture Land For Sale

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    • $199,500
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    • $1,900,000
      7.14 Acres

      Pulaski, TN Commercial Land Opportunity

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    Similar Nearby for Sale

    • $179,000
      23.00 Acres

      23 Acres of Timbered Land

      23-acre timbered property with creek, ideal for hunting/recreation.
      240 Red Oak Rd, Pulaski, TN 38478
      View Details
    • $989,500
      100.00 Acres

      100-Acre Giles County Commercial Land

      Prime Tennessee acreage, near Pulaski. Investment opportunity.
      1993 Crooked Hill Rd, Pulaski, TN 38478
      View Details
    • $294,500

      Garage/Shop on 5 Acres

      40x50 garage/shop with 14 ft roll-up doors on 5 acres.
      1240 Johnson Branch Rd, Pulaski, TN 38478
      View Details
    • $179,000
      17.25 Acres

      Pulaski Pasture Land For Sale

      17.25 acres of pasture land with development potential.
      17.25 Hwy 11 W, Pulaski, TN 38478
      View Details
    • $199,500
      12.00 Acres

      Pulaski Acreage with Building Site

      12-acre property with hilltop building site near I-65.
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      View Details
    • Contact for pricing
      3,049 SF

      Prime Pulaski Commercial Lot

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    Similar Nearby for Lease

    • $1,000 /Mo

      Remodeled Duplex with Carport

      One-bedroom duplex with modern amenities and included utilities.
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      Commercial Land for Lease

      Land ideal for restaurants, fast food, and retail development.
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      25,000 SF

      Retail Space in Mixed-Use Redevelopment

      Retail space available in Brooklyn Center mixed-use redevelopment.
      921-951 E College St, Pulaski, TN 38478
      View Details
    • Contact for pricing
      22,692 SF

      Retail Space in Pulaski, TN

      Shopping center space available off HWY 64 in Pulaski.
      1640-1676 W College St, Pulaski, TN 38478
      View Details
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    1936 Elkton Pike
    Pulaski, TN 38478
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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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