Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    218 Reynolds Ave Dyersburg, TN 38024
    Back to Search
    Property profile & analytics

    218 Reynolds Ave Dyersburg, TN 38024

    View on Map
    • Commercial real estate
    For Sale
    View Listing →
    Residential Lot in Dyersburg, TN For Sale
    Contact for pricing

    Residential Lot in Dyersburg, TN

    Residential lot suitable for rental investment in Dyersburg, Tennessee.

    218 Reynolds Avenue, Dyersburg, TN 38024
    View Listing
    Property ID
    US80-1915936
    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 218 Reynolds Ave

    Property type
    Commercial real estate

    Description

    This exceptional 0 sq ft lot at 218 Reynolds Avenue in Dyersburg, Tennessee, presents a unique opportunity for investors seeking to develop a rental property. Located in Dyer County, zip code 38024, this commercial and residential zoned land boasts a significant advantage: a deep property line featuring two distinct tiered levels. This characteristic offers considerable flexibility in design and construction, allowing for creative architectural solutions to maximize space and views. The property's address is clearly identified as 218 Reynolds Avenue. The asking price for this promising investment is $8,000. Given its dual zoning (commercial and residential), the possibilities are vast, ranging from multi-family dwellings to mixed-use developments. The lot's size, while listed as 0 sq ft, requires further clarification and may be subject to survey. Prospective buyers are encouraged to conduct their due diligence to confirm the exact dimensions and ascertain any potential development restrictions or requirements imposed by local ordinances. This property's location in Dyersburg, TN offers access to local amenities and infrastructure, making it an attractive proposition for both short-term and long-term investment strategies. The unique topography of the lot presents a chance to create a truly distinctive and valuable property.

    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
    Dyersburg
    County
    Dyer
    State
    Tennessee
    Longitude
    -89.373778
    Latitude
    36.033409

    Comparable in this City

    • $69,900
      Pending

      Dyersburg Duplex with Income Potential

      Duplex in Dyersburg, TN with tenant income and vacant unit.
      1826 Schaffer St, Dyersburg, TN 38024
      View Details
    • Contact for pricing
      2,062 SF

      Dyersburg Duplex with Income Potential

      Duplex with one vacant unit and one tenant-occupied unit.
      1826 Schaffer St, Dyersburg, TN 38024
      View Details
    • $125,000
      Pending

      Dyersburg Duplex: Income Opportunity

      All-brick duplex in Dyersburg, TN, with immediate cash flow.
      515 Reynolds Ave, Dyersburg, TN 38024
      View Details
    • $174,900
      Pending

      Dyersburg Triplex Investment Opportunity

      Fully occupied triplex with strong rental history in Dyersburg, TN.
      628 Christie St, Dyersburg, TN 38024
      View Details
    • $217,000
      1,718 SF

      Dyersburg Duplex: Income Opportunity

      Residential duplex in Dyersburg, TN, ideal for investors.
      202 College St, Dyersburg, TN 38024
      View Details
    • $94,900
      3,778 SF

      Dyersburg Quadplex Investment Opportunity

      Well-maintained quadplex with income potential in a desirable location.
      704 Finley St, Dyersburg, TN 38024
      View Details

    Similar Nearby for Sale

    • $69,900
      Pending

      Dyersburg Duplex with Income Potential

      Duplex in Dyersburg, TN with tenant income and vacant unit.
      1826 Schaffer St, Dyersburg, TN 38024
      View Details
    • Contact for pricing
      2,062 SF

      Dyersburg Duplex with Income Potential

      Duplex with one vacant unit and one tenant-occupied unit.
      1826 Schaffer St, Dyersburg, TN 38024
      View Details
    • $125,000
      Pending

      Dyersburg Duplex: Income Opportunity

      All-brick duplex in Dyersburg, TN, with immediate cash flow.
      515 Reynolds Ave, Dyersburg, TN 38024
      View Details
    • $174,900
      Pending

      Dyersburg Triplex Investment Opportunity

      Fully occupied triplex with strong rental history in Dyersburg, TN.
      628 Christie St, Dyersburg, TN 38024
      View Details
    • $217,000
      1,718 SF

      Dyersburg Duplex: Income Opportunity

      Residential duplex in Dyersburg, TN, ideal for investors.
      202 College St, Dyersburg, TN 38024
      View Details
    • $94,900
      3,778 SF

      Dyersburg Quadplex Investment Opportunity

      Well-maintained quadplex with income potential in a desirable location.
      704 Finley St, Dyersburg, TN 38024
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dyersburg Shopping Center For Lease

      160,000 SF shopping center at US Highway 51 Bypass.
      51 Byp And Parr Ave, Dyersburg, TN 38024
      View Details
    • $3,000 /Mo
      6,038 SF

      Dyersburg Commercial Building For Lease

      Commercial building for lease featuring dock and bay doors.
      1280 S Main Ave, Dyersburg, TN 38024
      View Details
    • $6,400 /Mo
      4,800 SF

      Dyersburg Medical Office Space Available

      Move-in ready medical office space in a hospital district.
      455 E Parkview St, Dyersburg, TN 38024
      View Details
    • Contact for pricing

      Retail and Restaurant Space Available

      New retail and restaurant development across from Walmart.
      805 Pennell Lane Ext, Dyersburg, TN 38024
      View Details
    • $5,500 /Mo
      5,000 SF

      Versatile Commercial Space in Dyersburg

      Move-in ready, flexible 5000 sq ft commercial space for rent.
      2490 Parr Ave, Dyersburg, TN 38024
      View Details
    • $1,800 /Mo

      Retail Space For Rent

      Commercial space for rent with 1,300 sq ft.
      1365 Flowering Dogwood Ln, Dyersburg, TN 38024
      View Details
    View Listing
    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.
    218 Reynolds Ave
    Dyersburg, TN 38024
    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

    Thank You for Inquiry
    218 Reynolds Ave, Dyersburg, TN, 38024
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!