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    20678 Highway 22 Wildersville, TN 38388

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    20678 Highway 22 Wildersville, TN 38388

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    • Medical Office Space
    • 1,600 SF
    For Sale
    $850,000
    View Listing →
    Prime Wildersville Mixed-Use Property For Sale
    $850,000
    1,600 SF

    Prime Wildersville Mixed-Use Property

    1,600 sq ft, 1-acre lot, $850,000

    Parker Crossroads, TN 38388
    View Listing
    Property ID
    US80-1204802
    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

    • Medical Office Space

    Property Details for 20678 Highway 22

    Year built
    2008
    Property size
    1,600 SF
    Property type
    Medical Office Space
    Property subtype
    Auto shops

    Description

    This exceptional mixed-use property at 20678 Hwy 22 N, Wildersville, TN 38388, presents a lucrative investment opportunity. The 1,600 square foot building, constructed in 2008, sits on a spacious 43,560 square foot lot and offers a diverse range of potential uses. Previously operating as a restaurant, the property includes two central heat and air units, a covered outdoor patio, and a large storage area in the rear. A fully operational car wash with three bays and one automatic bay is also included, complete with an attached office space. Additional office space is available, previously used as a salon, connected to the restaurant area. The extensive asphalt parking area provides ample space for customers and employees. All existing equipment within the restaurant and car wash will remain with the sale at the asking price. This versatile property is ideally suited for a variety of businesses, offering significant potential for income generation and growth. Its prime location in Wildersville, Tennessee, provides excellent visibility and accessibility. The asking price for this unique investment opportunity is $850,000.

    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
    Wildersville
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.3908603
    Latitude
    35.7827347

    Comparable in this City

    • $850,000
      1,600 SF

      Prime Wildersville Mixed-Use Property

      1,600 sq ft, 1-acre lot, $850,000
      20678 Highway 22, Wildersville, TN 38388
      View Details
    • $59,900
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      Unrestricted Land in Wildersville, TN

      22 acres of unrestricted land near I-40.
      County Line Rd, Wildersville, TN 38388
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    • $299,990
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      High-Visibility Commercial Land in TN

      Prime 2.3-acre corner lot, I-40 access.
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    • $35,000
      7.03 Acres

      Land for Hunting or Living

      7.03 acres in Wildersville, Tennessee, near Highway 22 and I-40.
      Lands End Ln, Wildersville, TN 38388
      View Details
    • $1,890,900
      487.30 Acres

      487-Acre Income-Producing Land Parcel

      Diverse Tennessee land with income, recreation, and investment potential.
      19735 Tennessee 22, Wildersville, TN 38388
      View Details

    Similar Nearby for Sale

    • $850,000
      1,600 SF

      Prime Wildersville Mixed-Use Property

      1,600 sq ft, 1-acre lot, $850,000
      20678 Highway 22, Wildersville, TN 38388
      View Details
    • $59,900
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      Unrestricted Land in Wildersville, TN

      22 acres of unrestricted land near I-40.
      County Line Rd, Wildersville, TN 38388
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    • $299,990
      2.30 Acres

      High-Visibility Commercial Land in TN

      Prime 2.3-acre corner lot, I-40 access.
      70 Rock Springs Rd, Wildersville, TN 38388
      View Details
    • $35,000
      7.03 Acres

      Land for Hunting or Living

      7.03 acres in Wildersville, Tennessee, near Highway 22 and I-40.
      Lands End Ln, Wildersville, TN 38388
      View Details
    • $1,890,900
      487.30 Acres

      487-Acre Income-Producing Land Parcel

      Diverse Tennessee land with income, recreation, and investment potential.
      19735 Tennessee 22, Wildersville, TN 38388
      View Details
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    Wildersville, TN 38388
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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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