Two-Unit Duplex with
New
For Sale
$350,000
108 Villa Cir, Dickson, TN 37055
Renovated bathrooms, updated building systems, and a concrete driveway support a low-maintenance rental setup.
Property Size1,792 SF
Price / SF$195.31
Days on Market4
Property Features for 108 Villa Cir
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Multi-Family
Building Details
Year Built
1967
Listing Agency:
Parker Peery Properties
Listed By:
Mika Sesler · License #344607
(615) 939-3540
Source:
Fiddletreerealty
Added: Aug 30
Changed: Aug 31
Last Checked: Sep 1 at 10:56PM
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 Parker Peery Properties
Investment Insights
Based on property information with market context.
This duplex contains 1,792 square feet across two separately configured units. Each residence includes 2 bedrooms, 1.5 bathrooms, a 1-car garage, and appliances that remain with the property. Renovated bathrooms, newer windows, HVAC systems, and a newer roof provide substantial updates to the 1967 structure. The right-side unit has fresh paint and new flooring and is vacant, while the left-side unit has had the same tenant for more than 16 years.
The property is located at 108 Villa Cir in Dickson, within walking distance of Kroger, the YMCA, and other local amenities. A concrete driveway and straightforward two-unit layout add practical functionality for ownership and management.
The property is located at 108 Villa Cir in Dickson, within walking distance of Kroger, the YMCA, and other local amenities. A concrete driveway and straightforward two-unit layout add practical functionality for ownership and management.
Key Highlights
- 1,792‑square‑foot duplex with two residential units
- Each unit includes 2 bedrooms, 1.5 bathrooms, and a 1‑car garage
- Renovated bathrooms, newer windows, HVAC systems, and roof
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
$22,742
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
6.50%
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%
$454,840
$454.8K
Cap Rate 7%
$324,886
$324.9K
Cap Rate 9%
$252,689
$252.7K
Market Conditions
NOI Build-Up for 1,792 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
$34.8K $19.44/SF
− Vacancy
−$2.3K −$1.31/SF
EGI
$32.5K $18.13/SF
− OpEx
−$9.7K −$5.44/SF
NOI
$22.7K $12.69/SF
Area
Dickson County, TN
Vacancy
6.74%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
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%
$454,840
Cap Rate 7%
$324,886
Cap Rate 9%
$252,689
Alternative Uses
Best Use
Multifamily LT 5
$324.9K
$284.3K – $379.0K
NOI $22,742 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$266.8K
$233.5K – $311.3K
NOI $18,679 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$525.3K
$459.7K – $612.9K
NOI $36,772 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
758
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated bathrooms, updated building systems, and a concrete driveway support a low-maintenance rental setup.
Where is this duplex located?
The property is located at 108 Villa Cir Dickson, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,792‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms, 1.5 bathrooms, and a 1‑car garage; Renovated bathrooms, newer windows, HVAC systems, and roof
