Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2124 Circle Dr Columbia, TN 38401

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $527,900

    Versatile 4BR, 2BA home, huge potential!

    Property size:
    2,552 SF

    Property Features for 2124 Circle Dr

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,552 SF
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1933

    We can help!

    Listing Contact
    Cindy Bramblett
    Cindy Bramblett

    Listing Agency: Benchmark Realty, LLC Listing Agent: Cindy Bramblett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This stunningly renovated historic home at 2124 Circle Drive in Columbia, Tennessee, presents a unique opportunity for both residential and commercial use. Zoned CD-4C by the City of Columbia, this property seamlessly blends historic charm with modern functionality. The 2,552 square foot home sits on a sizable 0.56-acre lot, offering ample space for expansion or outdoor amenities. Currently operating as a successful short-term rental, the property boasts four bedrooms and two bathrooms, each updated with tasteful decor, fresh paint, and meticulous maintenance. The interior features beautiful hardwood floors, a newly renovated kitchen equipped with modern appliances, and newly installed replacement windows throughout. Three charming fireplaces add to the home's character and ambiance. A detached garage provides convenient storage and parking. The large lot presents significant potential for future development, whether it's adding a swimming pool or expanding parking to accommodate a commercial venture. The property's versatility makes it ideal for a variety of uses, including a coffee shop, office space, or other commercial endeavors. All details should be verified by the buyer. Furniture is available for negotiation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Magnolia Inn Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Maury County, TN
    State
    Tennessee
    Longitude
    -87.04096
    Latitude
    35.59316

    Nearby Similar for Sale

    • Contact for pricing

      New Multifamily Development in Columbia

      254-unit multifamily property in Columbia/Spring Hill, TN, near Nashville.
      2513 Nashville Hwy, Columbia, TN 38401
      View Details
    • $3,750,000
      67,680 SF

      Revitalized Historic Mixed-Use Destination

      Thriving mixed-use destination in Columbia, Tennessee with leasable space.
      101 N James M Campbell Blvd, Columbia, TN 38401
      View Details
    • $7,500,000

      Luxury Equestrian Estate Near Leipers

      Executive estate on 49 acres with equestrian facilities and guest accommodations.
      4325 Cave Springs Rd, Columbia, TN 38401
      View Details
    • $600,000
      4,150 SF

      Versatile Commercial Building in Columbia

      4,150 sq ft commercial/office building in a thriving location.
      509 N High St, Columbia, TN 38401
      View Details
    • $3,400,000

      Unique Horse Ranch with Potential

      Updated horse ranch featuring cross-fenced pastures, barn, and stocked pond.
      1344 Redbud Ln, Columbia, TN 38401
      View Details
    • $400,000
      2,400 SF

      Prime Columbia Office Space

      Versatile Office Building, Excellent Location
      1300 Hatcher Ln, Columbia, TN 38401
      View Details
    • $2,200,000
      12,014 SF

      Prime Columbia Office Building

      12,000+ SF Office, 1.19 Acres
      2504 Keith Dr, Columbia, TN 38401
      View Details
    • $649,000
      2.75 Acres

      Industrial Park Road Opportunity

      2.75-Acre Industrial Lot in Columbia, TN
      1300 Industrial Park Rd, Columbia, TN 38401
      View Details
    • $320,000
      0.39 Acres

      Columbia Commercial Lot - 0.39 Acres

      Prime Commercial Lot near Schools & Amenities
      715 7Th St, Columbia, TN 38401
      View Details
    • $4,950,000
      46.59 Acres

      Columbia Industrial Park Land Opportunity

      46 Acres, Flex Building Potential, Approved Plans
      Industrial Park Rd, Columbia, TN 38401
      View Details
    • $795,000
      7,580 SF

      Historic Riverfront Property in Columbia

      Unique riverfront property with development potential in historic downtown Columbia.
      105 E 5Th St, Columbia, TN 38401
      View Details
    • $499,900
      1.33 Acres

      Columbia Commercial Lot - Ready to Build

      High-visibility lot, ideal for healthcare
      Tradewind Dr, Columbia, TN 38401
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile 4BR, 2BA home, huge potential!
    Where is this mixed-use property located?
    The property is located at 2124 Circle Dr Columbia, TN.
    What is the asking price?
    The asking price for this property is $527,900.
    (615) 584-7370
    Request Owner's contact information
    2124 Circle Dr Columbia, TN 38401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2124 Circle Dr
    Columbia, TN 38401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2124 Circle Dr Columbia, TN 38401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cindy Bramblett
    Cindy Bramblett
    (615) 584-7370 (615) 371-1544
    Learn more
    Google sign-in failed. Please try again or use another login method.