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    Property profile & analytics

    708 Opie Arnold Rd Limestone, TN 37681

    • Commercial real estate
    • 147.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0460699
    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 708 Opie Arnold Rd

    Lot size
    147.00 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional 147-acre working farm in Limestone, Tennessee, boasting stunning 180-degree Appalachian Mountain views. This property, recognized for its conservation practices (2019 & 2020 Washington County Conservation Farmer of the Year), features approximately 200 head of Black Angus cattle, a fully updated brick ranch home (plumbing, electrical, and HVAC systems renovated within the last 8 years), and extensive infrastructure. The farm is meticulously designed for rotational grazing with 28 paddocks, each with its own water supply, and separated by nearly 9 miles of fencing. Four winter feed lots, built with USDA assistance, ensure optimal wintering conditions. Two ponds (one stocked for fishing) and over a mile of Big Limestone Creek frontage add to the property's appeal. Access is provided from two roads, offering ample road frontage. The property also includes a 60x60 cattle working facility, a 50x100 hay barn/garage, a 50x100 shop/garage with a climate-controlled office and restroom, an original tobacco barn, and multiple run-in sheds. A concrete trench silo with a 600-ton capacity is also present. City water and high-speed internet are available, along with a well for livestock. Multiple potential homesites exist. Zoned A1, this property offers significant potential for subdivision. Owner financing may be available with acceptable terms. This turnkey operation is ready for immediate use.

    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
    Limestone
    County
    Washington
    State
    Tennessee
    Longitude
    -82.613836
    Latitude
    36.250073

    Comparable in this City

    • $375,000
      15.59 Acres

      Land in Limestone, Tennessee

      15.59 acres of unrestricted land suitable for residential or agricultural use.
      15.59 Ac Lester Snapp Rd, Limestone, TN 37681
      View Details
    • $2,033,200
      100.00 Acres

      100 Acres Prime Limestone Land

      Exceptional 100-acre farm with stunning views in Limestone, Tennessee.
      Corby Bridge Rd, Limestone, TN 37681
      View Details
    • $525,000
      35.09 Acres

      35 Acres of Tennessee Land

      Pristine land in Limestone, Tennessee, ideal for farms and homes.
      Old State Route 34, Limestone, TN 37681
      View Details
    • $379,000
      20.00 Acres

      Pasture Land with Mountain Views

      21 acres of pristine land in Limestone, Tennessee.
      Old State Route 34, Limestone, TN 37681
      View Details
    • $125,000
      5.33 Acres

      Land in Limestone, Tennessee

      5.33 acres of land perfect for farms and gardens.
      Old State Route 34, Limestone, TN 37681
      View Details
    • $327,577
      15.75 Acres

      Land with Creek and Solar

      15.75 acres of farmland featuring a creek, barns, and solar.
      3200 Milburnton Rd, Limestone, TN 37681
      View Details

    Similar Nearby for Sale

    • $375,000
      15.59 Acres

      Land in Limestone, Tennessee

      15.59 acres of unrestricted land suitable for residential or agricultural use.
      15.59 Ac Lester Snapp Rd, Limestone, TN 37681
      View Details
    • $2,033,200
      100.00 Acres

      100 Acres Prime Limestone Land

      Exceptional 100-acre farm with stunning views in Limestone, Tennessee.
      Corby Bridge Rd, Limestone, TN 37681
      View Details
    • $525,000
      35.09 Acres

      35 Acres of Tennessee Land

      Pristine land in Limestone, Tennessee, ideal for farms and homes.
      Old State Route 34, Limestone, TN 37681
      View Details
    • $379,000
      20.00 Acres

      Pasture Land with Mountain Views

      21 acres of pristine land in Limestone, Tennessee.
      Old State Route 34, Limestone, TN 37681
      View Details
    • $125,000
      5.33 Acres

      Land in Limestone, Tennessee

      5.33 acres of land perfect for farms and gardens.
      Old State Route 34, Limestone, TN 37681
      View Details
    • $327,577
      15.75 Acres

      Land with Creek and Solar

      15.75 acres of farmland featuring a creek, barns, and solar.
      3200 Milburnton Rd, Limestone, TN 37681
      View Details
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    708 Opie Arnold Rd
    Limestone, TN 37681
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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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