Short-Term Rental
For Sale
$249,929
11710 Nashville Highway, Baxter, TN 38544
Commercial Sale, Baxter, TN
Property Size1,300 SF
Lot Size1.09 Acres
Price / SF$192.25
Days on Market30
Property Features for 11710 Nashville Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Paved or Surfaced
Basement
Crawl Space
Directions
From PCCH: W on Spring, merge into Nashville Hwy, continue through Hwy 56 crossroads, property on L.
Subdivision
Putnam Co SW, TN
Standard status
Active
APN
036 077.00
Size
1,300 SF
Lot size
1.09 Acres
Taxes and HOA fees
Tax Annual Amount
760
Utilities
Utilities
Electricity Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Building materials
Frame, Metal Siding
Roof type
Metal
Listing Agency:
Skender-Newton Realty
Listed By:
Heather Skender-Newton · License #272220
(931) 261-9001
Added: Aug 6
Changed: Aug 20
Last Checked: Sep 4 at 5:06PM
MLS# 246341
Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This short-term rental property includes 1,300 square feet on 1.09 acres and was built in 1950. The structure features frame construction with metal siding, a metal roof, central heating and central air conditioning. Public water and electricity are available, while paved or surfaced parking supports the existing use.
The property is located in Baxter, Tennessee, near I-40, Cordell Hull Lake, and Center Hill Lake. That setting places boating, fishing, recreation, dining, and shopping within the surrounding area. The property is currently operating as an Airbnb guest accommodation and is also described as suitable for residential use or an income-producing operation. A 13-month home warranty is included.
The property is located in Baxter, Tennessee, near I-40, Cordell Hull Lake, and Center Hill Lake. That setting places boating, fishing, recreation, dining, and shopping within the surrounding area. The property is currently operating as an Airbnb guest accommodation and is also described as suitable for residential use or an income-producing operation. A 13-month home warranty is included.
Key Highlights
- 1,300‑square‑foot property on 1.09 acres
- Currently operating as an Airbnb short‑term rental
- Built in 1950 with frame construction and metal siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,794
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,880
$255.9K
Cap Rate 7%
$182,771
$182.8K
Cap Rate 9%
$142,156
$142.2K
Market Conditions
NOI Build-Up for 1,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.0K $19.20/SF
− Vacancy
−$1.7K −$1.31/SF
EGI
$23.3K $17.89/SF
− OpEx
−$10.5K −$8.05/SF
NOI
$12.8K $9.84/SF
Area
Putnam County, TN
Vacancy
6.80%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,880
Cap Rate 7%
$182,771
Cap Rate 9%
$142,156
Alternative Uses
Best Use
Apartment 5plus
$182.8K
$159.9K – $213.2K
NOI $12,794 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.5K
$469.5K – $626.0K
NOI $37,557 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 38544, TN
7,435
Population
3,327
Households
2.2
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
79.2 sq mi
ZIP Area
94
Density / Sq Mi
$66,801
Median Household Income
$42,188
Median Earnings
$904
Median Rent
$222,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Currently operating as an Airbnb short-term rental near I-40, Cordell Hull Lake, and Center Hill Lake.
Where is this short term rental property located?
The property is located at 11710 Nashville Highway Baxter, TN.
What is the asking price?
The asking price for this property is $249,929.
What are key features of this property?
This property features: 1,300‑square‑foot property on 1.09 acres; Currently operating as an Airbnb short‑term rental; Built in 1950 with frame construction and metal siding
