Property profile

Ray Watson Dr Somerville, TN 38068

OFF-MARKET
Commercial land
Property ID
US80-2070813
1 ac lot
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1 ac (43,560 SF)
Zoning code B3
APN 024089 00212
UPID US80-2070813

Cap rate & NOI

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

Location

Ray Watson Dr Somerville, TN 38068
Somerville metro Census 60501 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
6 recorded transactions
2025
$100,000
2020
Price N/A
2006
Price N/A
2006
$70,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B3 · Somerville, TN

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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