Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31st Hwy Hwy White House, TN 37188
    Back to Search
    Property profile & analytics

    31st Hwy Hwy, White House, TN 37188

    View on Map
    • Warehouses
    • 4,920 SF
    • 0.51 lot acres
    Off-Market
    Last Sale Nov 3, 2021
    $400,000
    Property ID
    US80-1861156
    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

    • Warehouses

    Property Details for 31st Hwy Hwy

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.51 lot acres
    Zone code
    C2
    Property type
    Warehouses
    APN
    083097 03601
    APU
    8309703601

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 3, 2021 $400,000 Dan Van Der Westhuizen William Mark Hutson Warranty Deed —
    Mar 26, 2014 $275,000 Hutson,carl T & William M Chastain,michael Warranty Deed $248k · Farmers Bk
    Mar 3, 2006 $250,000 Michael Chastain Dunagan,hubert T & Shirley Warranty Deed $125k · Farmers Bank
    Sep 17, 1988 $75,000 Hubert T Dunagan Unknown Grant Deed —

    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
    White House
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.6793
    Latitude
    36.4402
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,262
    $74,560
    $16,320
    $90,880
    -
    $186,400
    $40,800
    $227,200

    Comparable in this City

    • Value Estimation
      $6,115,000
      272,640 SF

      510 Hester Dr

      WAREHOUSE, STORAGE
      510 Hester Dr, White House, TN 37188-9255
      View Details
    • Value Estimation
      $870,000
      10,721 SF

      122 Industrial Dr

      WAREHOUSE, STORAGE
      122 Industrial Dr, White House, TN 37188-9167
      View Details
    • Value Estimation
      $1,015,000
      12,940 SF

      959 Mccurdy Rd

      WAREHOUSE, STORAGE
      959 Mccurdy Rd, White House, TN 37188-8998
      View Details
    • Value Estimation
      $3,180,000
      78,384 SF

      418 Industrial Dr

      WAREHOUSE, STORAGE
      418 Industrial Dr, White House, TN 37188-8101
      View Details
    • Value Estimation by Request
      3,392 SF

      2792 31st Hwy

      WAREHOUSE, STORAGE
      2792 31st Hwy, White House, TN 37188
      View Details
    • Value Estimation
      $1,360,000
      15,798 SF

      3616 31st Hwy

      WAREHOUSE, STORAGE
      3616 31st Hwy, White House, TN 37188
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,960 SF

      Versatile Commercial Property with Structures

      3.4-acre commercial property with home, metal building, and garage.
      232 Raymond Hirsch Pkwy, White House, TN 37188
      View Details
    • $239,900

      White House 4-Acre Land Parcel

      4 acres near White House, TN, with utilities on site.
      7880 Bill Moss Rd, White House, TN 37188
      View Details
    • Contact for pricing

      Commercial Land Corner Lot

      Commercial land ideal for retail, office, or medical use.
      201 Honeysuckle Dr, White House, TN 37188
      View Details
    • $259,900

      3 Acres Near White House

      3-acre land parcel near White House, Tennessee, no HOA.
      7882 Bill Moss Rd, White House, TN 37188
      View Details
    • $1,250,000

      Land For Sale

      Land available for purchase at 355 Hester Dr, White House.
      355 Hester Dr, White House, TN 37188
      View Details
    • Contact for pricing

      Prime Land in White House

      C2 zoned land on Highway 76 East.
      20336 Tn-76, White House, TN 37188
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      309,960 SF

      Warehouse Space Near Interstate I-65

      Warehouse/distribution space with high visibility near I-65 in White House.
      White, White House, TN 37188
      View Details
    • Contact for pricing
      309,960 SF

      Warehouse Space Near I-65

      Distribution and warehouse space less than half mile from I-65.
      1204 Loves Ln, White House, TN 37188
      View Details
    • $2,975,000
      2,108 SF

      Taco Bell NNN Investment Property

      Freestanding Taco Bell in White House, TN with 20-year lease.
      330 Hester Dr, White House, TN 37188
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Growing Community

      Retail space available in a rapidly growing Nashville suburb.
      459 Tn-76, White House, TN 37188
      View Details
    • Contact for pricing

      Land in Growing Nashville MSA

      Land in a rapidly growing community near Nashville.
      483 Tn-76, White House, TN 37188
      View Details
    • Contact for pricing

      Highway Frontage Pad Site

      0.98-acre pad site on Highway 76 for rent.
      608 Highway 76, White House, TN 37188
      View Details
    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.
    31st Hwy Hwy
    White House, TN 37188
    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
    31st Hwy Hwy, White House, TN, 37188
    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!