Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    468 Main St Medina, TN 38355
    Back to Search
    Property profile & analytics

    468 Main St Medina, TN 38355

    View on Map
    • Commercial real estate
    • 13,035 SF
    • 4.69 lot acres
    Off-Market
    Property ID
    US80-1354350
    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
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DESIGN-FAB OF TENNESSEE / Factory / Production Facility

    Property Details for 468 Main St

    Year built
    1984
    Construction
    FRAME
    Lot size
    4.69 lot acres
    Property size
    13,035 SF
    Property type
    Commercial real estate
    APN
    176 03026
    APU
    17603026

    Description

    This exceptional 9.45-acre parcel, encompassing 411,642 square feet, presents a rare opportunity for residential development in the heart of Medina, Tennessee. Located at 468 N Main Street, this property offers a unique blend of city convenience and tranquil country living. The land is beautifully situated, surrounded on three sides by mature trees, providing a serene and private atmosphere despite its central downtown location. All city amenities are readily accessible, offering residents a convenient lifestyle. The expansive lot size allows for significant development potential, catering to a variety of residential projects. The address is 468 N Main Street, Medina, TN 38355, within Gibson County. This property is zoned for residential use (verification of zoning regulations is recommended). The asking price for this remarkable piece of land is $160,000. Given its size, location, and serene setting, this property represents a compelling investment opportunity for those seeking to build in a desirable and convenient location. Serious inquiries are encouraged to explore the possibilities this unique property offers. Coordinates are 35.8111054 latitude and -88.7697903 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $792,000
      Market price range: $394k - $2.54M
      AI Estimate
      $681,000
      Market price range: $479k - $1.75M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.78
    Latitude
    35.7975
    CBSA code
    27180
    CBSA name
    JACKSON, 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
    0
    $0.00
    $40,000
    $59,480
    $99,480
    -
    $100,000
    $148,700
    $248,700

    Comparable in this City

    • Value Estimation by Request

      Us-45

      Office Spaces
      0 Us-45, Medina, TN 38355
      View Details
    • Value Estimation by Request

      585 Hwy 45th S

      COMMERCIAL (GENERAL)
      585 Hwy 45th S, Medina, TN 38355
      View Details
    • Value Estimation by Request
      2.32 Acres

      Jackson Hwy

      COMMERCIAL (GENERAL) • 2.32 Acres
      Jackson Hwy, Medina, TN 38355
      View Details
    • Value Estimation
      $3,665,000
      31,776 SF

      401 Promise Way Ln

      COMMERCIAL (GENERAL) • 31,776 SF
      401 Promise Way Ln, Medina, TN 38355-6967
      View Details
    • Value Estimation by Request
      6,156 SF

      120 Main St

      COMMERCIAL (GENERAL) • 6,156 SF
      120 Main St, Medina, TN 38355-9764
      View Details
    • Value Estimation by Request

      00 Main St

      Land
      00 Main St, Medina, TN 38355
      View Details

    Similar Nearby for Sale

    • $998,000
      20.00 Acres

      Prime Commercial Land in Medina

      20 acres of commercial land with frontage on Highway 45.
      Witt St, Medina, TN 38355
      View Details
    • $234,000
      58.80 Acres

      Medina, TN Land For Sale

      58.8 acre farm with hunting and recreational opportunities.
      92 Barnes Rd, Medina, TN 38355
      View Details
    • $299,000
      138.00 Acres

      138 Acres of Tennessee Land

      138 acre tract near Jackson, TN with pasture and wildlife.
      Lavinia Rd, Medina, TN 38355
      View Details
    • $100,000
      5.70 Acres

      Residential Land in Medina, TN

      5.7 acre tract ideal for building a home.
      Roy Hargrove Rd, Medina, TN 38355
      View Details
    • $167,500
      10.50 Acres

      Medina, TN Land For Sale

      10.5 acre land tract on the edge of Medina, TN.
      Roy Hargrove Rd, Medina, TN 38355
      View Details
    • $950,000
      61.91 Acres

      Medina, TN Land Opportunity

      61.91 acre farm with two lakes near Jackson, TN.
      Bobbitt Rd, Medina, TN 38355
      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.
    468 Main St
    Medina, TN 38355
    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
    468 Main St, Medina, TN, 38355
    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!