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4283 Old Salem Rd Rockvale, TN 37153-4118

OFF-MARKET Commercial land Google Maps
1,064 SF 4.3 ac lot Built 1950
Individually Owned 8-yr Hold Free & Clear
Estimated value (blended)
$295k
Range $266k – $325k (±10%)
Property ID US80-1798484

Property summary

AI-generated overview

This exceptional 4.33-acre commercial property presents a remarkable investment opportunity in the thriving Rockvale, TN market. Located on a highly visible corner at the intersection of Old Salem Road and Veterans Parkway, this parcel boasts significant potential for a variety of commercial developments. The property is currently zoned for commercial highway use, offering multiple development options for discerning investors. Recently cleared, the land is ready for immediate development, eliminating costly site preparation. Its prime location ensures high traffic visibility and easy accessibility, making it an ideal site for retail, office, or light industrial uses. While sewer access is not currently on-site, the sellers are actively working to secure an easement, streamlining the development process. To further enhance flexibility for potential buyers, the sellers are open to considering subdividing the tract or negotiating a long-term ground lease. This presents a unique opportunity to acquire a strategically located property with significant upside potential in a rapidly growing area. The asking price of $2,000,000 reflects the property's exceptional location, development readiness, and the potential for substantial returns. Don't miss this chance to secure a prime piece of Rockvale real estate. Contact us today to learn more and schedule a site visit.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1950
Total area 1,064 SF
Lot 4.3 ac (187,308 SF)
APN 115-027.00-000
UPID US80-1798484

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2015
$350,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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