Historic Mixed-Use Investment
For Sale
$882,900
105 Center Ave, Dickson, TN 37055
Downtown Dickson property with commercial and residential income potential.
Property Size7,747 SF
Price / SF$113.97
Days on Market190
Property Features for 105 Center Ave
General Information
Standard status
Active
Size
7,747 SF
Building Details
Year Built
1910
Listing Agency:
Crye-Leike, Inc., REALTORS
Listed By:
Pam Redden · License #253108
(615) 604-8878
Source:
Shearonsellsteam
Added: Apr 22
Changed: Oct 26
Last Checked: Oct 26 at 9:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike, Inc., REALTORS
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Investment Insights
Based on property information with market context.
This historic investment property is located in downtown Dickson and offers a mix of commercial spaces and residential rentals. The property includes 3 apartments and space for 2 businesses in one location. The owner has recently completed upgrades to the property. The building has a total size of 7,747 square feet and offers income potential and possibilities.
Key Highlights
- Historic investment property in downtown Dickson.
- Combination of commercial spaces and residential rentals.
- Multiple income streams from 3 apartments and 2 businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,181
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,603,620
$1.6M
Cap Rate 7%
$1,145,443
$1.1M
Cap Rate 9%
$890,900
$890.9K
Market Conditions
NOI Build-Up for 7,747 SF
Gross rent
$139.4K $18.00/SF
− Vacancy
−$11.2K −$1.44/SF
EGI
$128.3K $16.56/SF
− OpEx
−$48.1K −$6.21/SF
NOI
$80.2K $10.35/SF
Area
Dickson County, TN
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,603,620
Cap Rate 7%
$1,145,443
Cap Rate 9%
$890,900
Alternative Uses
Best Use
Mixed Use
$1.15M
$1.00M – $1.34M
NOI $80,181 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,968 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
Business Placement
Demographics for 37055, TN
29,319
Population
12,160
Households
2.4
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
201.7 sq mi
ZIP Area
145
Density / Sq Mi
$69,283
Median Household Income
$41,808
Median Earnings
$1,034
Median Rent
$258,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Dickson property with commercial and residential income potential.
Where is this mixed-use property located?
The property is located at 105 Center Ave Dickson, TN.
What is the asking price?
The asking price for this property is $882,900.
What are key features of this property?
This property features: Historic investment property in downtown Dickson.; Combination of commercial spaces and residential rentals.; Multiple income streams from **3 apartments and 2 businesses**.
