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

    5221 Chester St Arlington, TN 38002

    • Commercial real estate
    • 117.64 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1985815
    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 5221 Chester St

    Lot size
    117.64 lot acres
    Property type
    Commercial real estate
    APN
    A0152 00066

    Description

    This exceptional 117.64-acre residential development tract is situated in Arlington, Tennessee, just off I-40, offering unparalleled convenience and access to Memphis. Priced at $3,940,940 ($33,500/acre), this property presents a significant opportunity. Currently enrolled in the Tennessee Greenbelt tax savings program, it boasts all public utilities and merchantable timber. A sewer installation is underway, streamlining development. This is one of the largest remaining tracts in Arlington, and the seller is willing to subdivide. The property's APN is A0152 00066. All due diligence has been completed, facilitating a rapid project commencement. This is one of three available tracts totaling up to 289.2 acres, providing potential for large-scale development. The property is zoned for residential use (Res) and is located at 5221 Chester St, Arlington, TN 38002.

    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
    Arlington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.652524
    Latitude
    35.2650099

    Comparable in this City

    • $10,340,000
      27.35 Acres

      Arlington Mixed-Use Tract

      Prime 27-acre development opportunity near Ford plant.
      0 Milton Wilson Blvd, Fisherville, TN 38002
      View Details
    • Contact for pricing
      1.28 Acres

      Lakeland Mixed-Use Development

      Prime TN location, retail & medical space.
      0 Canada Rd, Lakeland, TN 38002
      View Details
    • $299,000
      4.60 Acres

      Downtown Kalamazoo Office Space

      Historic Charm, Flexible Suites, Prime Location
      4115 Canada Rd, Lakeland, TN 38002
      View Details
    • $559,000
      7.89 Acres

      Lakeland Acreage: Prime Development Land

      7.89 Acres, R2 Zoning, Lake Views
      4185 Canada Rd, Lakeland, TN 38002
      View Details
    • $9,900,000
      27.35 Acres

      Arlington Land For Sale

      27.35 acre commercial land in prime Arlington location.
      Milton Wilson Rd, Arlington, TN 38002
      View Details
    • Contact for pricing

      Retail Sites on US Highway

      1 to 25 acre retail sites available on US Highway.
      Us Hwy 70 & Airline Rd, Arlington, TN 38002
      View Details

    Similar Nearby for Sale

    • $10,340,000
      27.35 Acres

      Arlington Mixed-Use Tract

      Prime 27-acre development opportunity near Ford plant.
      0 Milton Wilson Blvd, Fisherville, TN 38002
      View Details
    • Contact for pricing
      1.28 Acres

      Lakeland Mixed-Use Development

      Prime TN location, retail & medical space.
      0 Canada Rd, Lakeland, TN 38002
      View Details
    • $299,000
      4.60 Acres

      Downtown Kalamazoo Office Space

      Historic Charm, Flexible Suites, Prime Location
      4115 Canada Rd, Lakeland, TN 38002
      View Details
    • $559,000
      7.89 Acres

      Lakeland Acreage: Prime Development Land

      7.89 Acres, R2 Zoning, Lake Views
      4185 Canada Rd, Lakeland, TN 38002
      View Details
    • $9,900,000
      27.35 Acres

      Arlington Land For Sale

      27.35 acre commercial land in prime Arlington location.
      Milton Wilson Rd, Arlington, TN 38002
      View Details
    • Contact for pricing

      Retail Sites on US Highway

      1 to 25 acre retail sites available on US Highway.
      Us Hwy 70 & Airline Rd, Arlington, TN 38002
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Mixed-Use Development

      Land available for mixed-use development with medical parcels.
      9640 Davies Plantation Rd, Lakeland, TN 38002
      View Details
    • Contact for pricing

      Lakeland Commercial Land For Lease

      2.5 AC commercial land with development potential in Lakeland, TN.
      Canada Rd, Lakeland, TN 38002
      View Details
    • Contact for pricing

      Retail Building Near Arlington High

      Multi-tenant retail building near school and future Kroger.
      11830 Milton Wilson Dr, Arlington, TN 38002
      View Details
    • Contact for pricing
      3,600 SF

      Arlington Retail Space Available

      Retail space available for lease in Arlington, Tennessee.
      5062 Milton Wilson Blvd, Arlington, TN 38002
      View Details
    • Contact for pricing
      1,503 SF

      Retail Space For Lease

      Retail spaces available in Lakeland, TN, near I-40.
      3304 Canada Rd, Lakeland, TN 38002
      View Details
    • Contact for pricing
      22,885 SF

      The Falls Shopping Center: Arlington, TN

      Prime Retail Space Available: Arlington, TN
      5291-5287 Airline Rd, Arlington, TN 38002
      View Details
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    5221 Chester St
    Arlington, TN 38002
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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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