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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2340 Parr Ave Dyersburg, TN 38024

    • Commercial real estate
    For Sale
    View listing
    $1,850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1009487
    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 2340 Parr Ave

    Property type
    Commercial real estate

    Description

    This exceptional 32-acre farm presents a remarkable investment opportunity in Dyersburg, Tennessee. Located at 2340 Parr Avenue, this expansive property boasts a total lot size of 1,396,098 square feet. Its prime location near a traffic signal on Parr Avenue offers excellent visibility and accessibility. The land is classified as farmland and presents significant potential for various development projects. The asking price for this substantial parcel is $1,850,000. Detailed surveys and soil reports are available upon request. This property is zoned for agricultural use, but potential buyers should conduct their own due diligence regarding zoning regulations and permitted uses. Given its size and location, this property represents a rare opportunity to acquire a significant land holding in a desirable area of Dyersburg. The property's proximity to the intersection provides high visibility, making it suitable for a variety of commercial or residential developments, subject to local planning approvals. Serious inquiries are encouraged to explore the possibilities this unique property offers. The property is situated in Dyer County, Tennessee, with a zip code of 38024. Coordinates are 36.058166 latitude and -89.377846 longitude.

    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
    Dyersburg
    County
    Dyer
    State
    Tennessee
    Longitude
    -89.377846
    Latitude
    36.058166

    Comparable in this City

    • $87,900

      Dyersburg Agricultural Land - $87,900

      Prime Dyer County farmland, ready to cultivate.
      800 Kelly Rd, Dyersburg, TN 38024
      View Details
    • $625,000
      117.50 Acres

      Dyersburg, TN Farm and Hunting

      117.5 acres of prime farm and hunting ground.
      Slaughter Pen Rd, Dyersburg, TN 38024
      View Details
    • $625,000

      Prime Dyer County Farmland

      117.5 Acres, Tillable & Wooded Land
      0 Slaughter Pen Rd, Dyersburg, TN 38024
      View Details
    • $110,000
      16.37 Acres

      16-Acre Mini Farm Near Dyersburg

      16-acre mini farm near Dyersburg, Tennessee, with utilities available.
      765 Menzie Rd, Dyersburg, TN 38024
      View Details
    • $625,000
      131.00 Acres

      Dyersburg Farm and Hunting Land

      131 acres of tillable and wooded land near Dyersburg.
      TN-210 Hwy, Dyersburg, TN 38024
      View Details
    • $625,000

      Prime Dyer County Farmland

      85 Acres Tillable, 43 Acres Woods
      TN-210 Hwy, Dyersburg, TN 38024
      View Details

    Similar Nearby for Sale

    • $110,000

      Dyersburg Farm: 16 Acres, City Utilities

      16-acre mini-farm near Dyersburg, TN. City water & electric available.
      765 Menzie Rd, Dyersburg, TN 38024
      View Details
    • $87,900

      Dyersburg Agricultural Land - $87,900

      Prime Dyer County farmland, ready to cultivate.
      800 Kelly Rd, Dyersburg, TN 38024
      View Details
    • $625,000
      117.50 Acres

      Dyersburg, TN Farm and Hunting

      117.5 acres of prime farm and hunting ground.
      Slaughter Pen Rd, Dyersburg, TN 38024
      View Details
    • $110,000
      16.37 Acres

      16-Acre Mini Farm Near Dyersburg

      16-acre mini farm near Dyersburg, Tennessee, with utilities available.
      765 Menzie Rd, Dyersburg, TN 38024
      View Details
    • $625,000
      131.00 Acres

      Dyersburg Farm and Hunting Land

      131 acres of tillable and wooded land near Dyersburg.
      TN-210 Hwy, Dyersburg, TN 38024
      View Details
    • $625,000

      Prime Dyer County Farmland

      85 Acres Tillable, 43 Acres Woods
      TN-210 Hwy, Dyersburg, TN 38024
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • $12 SF/Yr
      24,313 SF

      Dyersburg Office Space Available

      Prime Dyersburg location, 2,000 sq ft office.
      2450 Lake Rd, Dyersburg, TN 38024
      View Details
    • $3,000 /Mo
      3,000 SF

      Dyersburg Retail Space For Rent

      Commercial space available in Dyersburg, Tennessee, offering 3000 square feet.
      1057 Vendall Rd, Dyersburg, TN 38024
      View Details
    • $2,600 /Mo
      5,000 SF

      Historic Downtown Dyersburg Office Space

      Prime commercial space in Dyersburg's historic downtown development.
      109 W Market St, Dyersburg, TN 38024
      View Details
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    Dyersburg, TN 38024
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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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