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    Drag Strip Rd Fairview, TN 37062

    Sponsored
    For Sale
    $12,800,000

    Multi-use development opportunity near Nashville.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 61.72-acre property presents a unique investment opportunity in Fairview, Tennessee, a rapidly growing suburb just 25 miles from downtown Nashville. Strategically located off Exit 182 of Interstate 40, this site boasts exceptional visibility and accessibility, benefiting from an average daily traffic count of 43,407 vehicles on I-40 in 2023. The property's versatility is highlighted by its diverse zoning designations. A significant portion, 21.5 acres, is zoned RM-20, permitting multi-family residential development with a density of up to 20 units per acre. This presents a substantial opportunity for the construction of apartments or townhouses. A larger area, encompassing 38.97 acres, is zoned for general industrial use, making it suitable for warehouses, manufacturing facilities, or distribution centers. Finally, 1.25 acres are zoned for commercial interchange use, perfect for a convenience store, hotel, or other commercial enterprise. The property's proximity to Interstate 840 further enhances its connectivity and logistical advantages. This combination of zoning, location, and accessibility makes this a truly exceptional development opportunity with significant potential for long-term growth and return on investment. The property's asking price is $12,800,000.

    Property Features for Drag Strip Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,688,523 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fairview
    County
    Williamson County, TN
    State
    Tennessee
    Longitude
    -87.15766
    Latitude
    36.03849

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    Nearby Similar for Sale

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      Industrial property with easy access off I-40 west.
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    FAQs

    What type of property is this?
    Commercial real estate - Multi-use development opportunity near Nashville.
    Where is this commercial real estate located?
    The property is located at Drag Strip Rd Fairview, TN.
    What is the asking price?
    The asking price for this property is $12,800,000.
    (615) 371-2424
    Request Owner's contact information
    Drag Strip Rd Fairview, TN 37062
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    Fairview, TN 37062
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    Realmo Value Estimation

    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.

    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.

    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
    Drag Strip Rd Fairview, TN 37062
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