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    21385 Seminary St Hollow Rock, TN 38342

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    21385 Seminary St Hollow Rock, TN 38342

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    • Commercial real estate
    Off-Market
    Property ID
    US80-3400822
    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 real estate

    Property Details for 21385 Seminary St

    Property type
    Commercial real estate

    Description

    This exceptional 0 sq ft commercial and residential land parcel, located at 21385 Seminary Street in Hollow Rock, Tennessee, presents a unique investment opportunity. Situated in Carroll County, zip code 38342, this property is ideally suited for various development projects, given its dual commercial and residential zoning. While the lot size is currently listed as 0 sq ft, it's important to note that this property is part of a larger potential acquisition. The address 21385 Seminary Street is listed alongside neighboring properties at 21405 and 21395 Seminary Street, which are described as houses. The combined purchase of all three properties is suggested for a total price of $230,000, presenting a compelling rental income potential. The geographic coordinates are 36.0430909 latitude and -88.2731079 longitude. This offering provides a chance to acquire land in a desirable Tennessee location, with the potential for significant returns. Further due diligence is recommended to determine the exact lot size and development possibilities. The asking price for this specific parcel is $9,500. Serious inquiries are encouraged.

    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
    Hollow Rock
    County
    Carroll
    State
    Tennessee
    Longitude
    -88.2731079
    Latitude
    36.0430909

    Comparable in this City

    • $188,890
      29.06 Acres

      Carroll County Land with Potential

      29.06+/- acres in Carroll County, Tennessee with road frontage.
      23845 Hwy 114, Hollow Rock, TN 38342
      View Details
    • $924,168
      220.04 Acres

      Versatile Carroll County Farm

      220+ acre farm for hunting, recreation, and income.
      Hwy 114, Hollow Rock, TN 38342
      View Details
    • $179,000
      Pending

      Carroll County Recreational Farm Land

      31.5 acres in Carroll County perfect for hunting and recreation.
      Mann Rd, Hollow Rock, TN 38342
      View Details
    • $294,690
      51.70 Acres

      Versatile 51.70-Acre Carroll County Tract

      51.70 acres in Carroll County, suitable for farming/recreation.
      Hwy 114, Hollow Rock, TN 38342
      View Details
    • $35,000
      1.10 Acres

      Vacant Corner Lot in Hollow Rock

      1.1 acre corner lot ready for new construction.
      641 Mill St, Hollow Rock, TN 38342
      View Details
    • $35,000

      Corner Lot Ready For Development

      Corner lot ready for new structure with utilities available.
      641 Mill St, Hollow Rock, TN 38342
      View Details

    Similar Nearby for Sale

    • $188,890
      29.06 Acres

      Carroll County Land with Potential

      29.06+/- acres in Carroll County, Tennessee with road frontage.
      23845 Hwy 114, Hollow Rock, TN 38342
      View Details
    • $924,168
      220.04 Acres

      Versatile Carroll County Farm

      220+ acre farm for hunting, recreation, and income.
      Hwy 114, Hollow Rock, TN 38342
      View Details
    • $179,000
      Pending

      Carroll County Recreational Farm Land

      31.5 acres in Carroll County perfect for hunting and recreation.
      Mann Rd, Hollow Rock, TN 38342
      View Details
    • $294,690
      51.70 Acres

      Versatile 51.70-Acre Carroll County Tract

      51.70 acres in Carroll County, suitable for farming/recreation.
      Hwy 114, Hollow Rock, TN 38342
      View Details
    • $35,000
      1.10 Acres

      Vacant Corner Lot in Hollow Rock

      1.1 acre corner lot ready for new construction.
      641 Mill St, Hollow Rock, TN 38342
      View Details
    • $35,000

      Corner Lot Ready For Development

      Corner lot ready for new structure with utilities available.
      641 Mill St, Hollow Rock, TN 38342
      View Details
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    21385 Seminary St
    Hollow Rock, TN 38342
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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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