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    817 Hill Ave Henderson, TN 38340
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    817 Hill Ave Henderson, TN 38340

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    • Land
    For Sale
    $372,000
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    Approximately 60 Acre Tract For Sale
    $372,000
    60.00 Acres

    Approximately 60 Acre Tract

    Land tract with access from four locations.

    817 Hill, Henderson, TN 38340
    View Listing
    Property ID
    US80-2026171
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 817 Hill Ave

    Property type
    Land

    Description

    You have access from four locations, 1) Williams Rd., has 413 ft. 2) A 55 ft. strip between 751 and 777 Hill Ave, and 3) a strip north of 817 Hill Ext. and 4) End of Mason Street. This is approximately 60 acre tract that is behind a 10-acre tract at 817 Hill Avenue Ext. and runs from the end of Mason St. to Williams Rd. It is approximately 2,445 feet from Williams Rd. to Mason Street. This tract is an irregular shape. Survey available on request. Seller is not selling home, shop and 10 acres around the home and shop.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Chester
    State
    Tennessee
    Longitude
    -88.642975
    Latitude
    35.456226

    Comparable in this City

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      60-Acre Land Tract in Henderson

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      63 acres of wooded land near Henderson, Tennessee.
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      Unrestricted Land in Chester County

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      Large R3 Zoned Land Parcel

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      Residential Land in Henderson, TN

      3.77-acre lot in desirable Chester County subdivision.
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    Similar Nearby for Sale

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      Unrestricted Land in Chester County

      26.85 acres of unrestricted land with easy access.
      000 Sweet Lips Rd, Henderson, TN 38340
      View Details
    • $375,000
      60.00 Acres

      60-Acre Land Tract in Henderson

      60-acre land tract with access from three locations.
      795 Hill Ave, Henderson, TN 38340
      View Details
    • $399,900
      1,991,563 SF

      Secluded Acreage with Foundation

      46-acre property with gated entrance, driveway, and foundation.
      320 Peddy Vestal Loop, Henderson, TN 38340
      View Details
    • $284,900
      63.00 Acres

      63 Acres Wooded Land

      63 acres of wooded land near Henderson, Tennessee.
      Cedar Brook Ln, Henderson, TN 38340
      View Details
    • Contact for pricing

      Large R3 Zoned Land Parcel

      Development acreage suitable for houses, duplexes, or apartments.
      00 Woodland Dr, Henderson, TN 38340
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    • $468,000
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      Silerton, TN Hunting and Timberland

      180+/- acres of hunting, recreational, and timber land.
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    Similar Nearby for Lease

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      1170

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      Retail Space in Growing Area

      8000 sq ft retail space with anchor tenants.
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      Retail and Medical/Office Space

      Retail and medical/office spaces available in Henderson, Tennessee.
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      Medical Office Space Available

      3,500 SF medical office space for lease.
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      8,000 SF

      Retail Strip Center For Rent

      Retail strip center anchored by Sav-a-lot and Family Dollar.
      111-129 Whitley Ave, Henderson, TN 38340
      View Details
    View Listing
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    Henderson, TN 38340
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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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