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

    111 Nashville Hwy Columbia, TN 38401

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Free-standing 4926 sq ft retail building for sale.

    Property size:
    4,926 SF
    Lot size:
    1.67 Acres

    Property Features for 111 Nashville Hwy

    General Information

    Size
    4,926 SF
    Lot size
    1.67 Acres

    Building Details

    Year built
    1953

    We can help!

    Listing Contact
    Thomas E. Lochbihler
    Source: Corcoran

    Listing Agent: Thomas E. Lochbihler

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

    Learn more

    Property Insight Report

    Overview

    Retail Building on Main Street

    Located on the north side of Columbia on Main Street, this 4926 sq. ft. free-standing retail building is available for sale. The building is currently occupied, with 60 days' notice required for vacancy. Originally a union hall, the building features arched steel truss ceilings that could be restored. The property is primarily original and requires complete restoration. It is currently zoned CD-4C, with zoning descriptions and standards available for review. A portion of the existing line between the building and the adjacent car wash is subject to the car wash's right to use, own, or occupy. This area will be either surveyed off or an easement will be given before closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MUSCLE MEN MOVERS Moving Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Maury
    State
    Tennessee
    Longitude
    -87.030819
    Latitude
    35.626239

    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
    • $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
    • $399,900
      1,376 SF

      Sprawling Country Retreat Near Columbia

      Charming 3 bed, 2 bath home on 5.2 acres.
      2190 New Lewisburg Hwy, Columbia, TN 38401
      View Details
    • $269,900

      Country Home on Rolling Hillside

      Three-bedroom home on 1.78 acres, needs some work.
      4107 Trousdale Ln, Columbia, TN 38401
      View Details
    • $2,999,000
      8,022 SF

      Historic Home Bed and Breakfast

      Turn-key, fully furnished 8-bedroom bed and breakfast or private residence.
      109 Blythewood Dr, Columbia, TN 38401
      View Details
    • Contact for pricing
      730,000 SF

      Rail-Served Manufacturing Site in Columbia

      Large manufacturing site with rail access and substantial power capacity.
      1955 Hampshire Pike, Columbia, TN 38401
      View Details
    • $845,000

      Farmhouse with Studio Apartment and Barn

      Farmhouse on 8 acres with barn and studio apartment.
      4748 Old Sowell Mill Pike, Columbia, TN 38401
      View Details
    • $17,975,000
      148 SF

      Columbia Shopping Center Investment Opportunity

      Shopping center in rapidly growing Nashville MSA municipality.
      2101 Brookmeade Dr, Columbia, TN 38401
      View Details

    FAQs

    What type of property is this?
    Retail space - Free-standing 4926 sq ft retail building for sale.
    Where is this retail space located?
    The property is located at 111 Nashville Hwy Columbia, TN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Large 4926 sq. ft. free-standing retail building on Main Street.; - Potential for unique architectural design with restorable arched steel truss ceilings.; - Located on the North side of Columbia.
    (615) 790-5099
    Request Owner's contact information
    111 Nashville Hwy 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.
    111 Nashville Hwy
    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
    111 Nashville Hwy 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
    Thomas E. Lochbihler
    (615) 790-5099
    Learn more
    Google sign-in failed. Please try again or use another login method.