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Property profile & analytics
OFF-MARKET
Specialty properties

400 Summit Chase Rd Cedar Grove, TN 38321

Property ID
US80-1823710
Property summary
AI-generated overview

This remarkable 353-acre property in Cedar Grove, Tennessee, presents a unique investment opportunity. Located conveniently between Memphis and Nashville, and approximately 15 minutes from Lexington and 20 minutes from Jackson, this expansive land boasts diverse features ideal for various ventures. The former Falcon Ridge Golf Course includes two stunning spring-fed lakes (approximately 20 and 11 acres), stocked for fishing, and surrounded by 150+ acres of hardwood timber and several smaller ponds. Existing infrastructure includes paved roads, cart paths, water, electricity, and sewer access. Multiple buildings are on-site, including a former golf shop, clubhouse, and equipment shed. A significant addition is a newer, 2,504 sq ft modular home, a 2,200 sq ft pavilion, and a wired 2,322 sq ft metal shop with four 10x10 doors. Over six miles of paved trails enhance accessibility throughout the property. Some fairways and greens have already been planted, offering a head start for potential redevelopment. With no restrictions, this property is suitable for a private retreat, campground, a new golf course, or a unique residential subdivision. The asking price is $2,240,000. The total lot size is 257,004 square feet.

Property profile
Verified
Property type Specialty properties
UPID US80-1823710
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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