Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1126 Louisville Hwy Goodlettsville, TN 37072

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $425,000

    Land approved for commercial development with existing structure.

    Added:
    Jul 18, 2025
    Days on Market:
    286
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 1126 Louisville Hwy

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    JAMIE BRANDENBURG
    JAMIE BRANDENBURG

    Listing agent JAMIE BRANDENBURG License #344013

    Listing office COMPASS RE

    Listing date Jul 18, 2025

    Source Corcoran

    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 COMPASS RE

    Overview

    Commercial Land with Development Potential

    This property features approximately 0.87 acres of land approved for commercial development in Goodlettsville, Tennessee. The site is located one mile from I-65 and includes all utilities. An existing 25x20 brick building with a metal roof, concrete flooring, and a large bay door is situated on the property. Approved plans are in place for a 3,250 square foot office building and a 4,200 square foot garage with a separate office. The property is suitable for contractor garages, flex space, or other potential developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mac Auto Sales Car Dealership

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Goodlettsville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7125
    Latitude
    36.3642

    Nearby Similar for Sale

    • $2,000,000
      12,377 SF

      Goodlettsville Two-Story Brick Facility

      Two-story brick building near I-65, suitable for office or warehouse.
      121 East Ave, Goodlettsville, TN 37072
      View Details
    • $2,000,000
      12,377 SF

      Two-Story Brick Facility Near I-65

      Two-story mixed-use facility near I-65 in Goodlettsville, TN.
      121 East Avenue, Goodlettsville, TN 37072
      View Details
    • $2,200,000
      1,950 SF

      High-Visibility Commercial Property For Sale

      Commercial property with office, garage, and high traffic exposure.
      1195 Louisville Hwy, Goodlettsville, TN 37072
      View Details
    • $599,000
      4,267 SF

      Turnkey Church Property For Sale

      All brick church building on almost an acre tract.
      1146 Louisville Highway, Goodlettsville, TN 37072
      View Details
    • $460,000
      8 SF

      Goodlettsville Office Park Land Available

      Office park land near I-65 and Publix in Goodlettsville, TN.
      Business Park Circle, Goodlettsville, TN 37072
      View Details
    • $1,400,000
      2,900 SF

      Rivergate Parkway Development Opportunity

      Prime development land in growing Goodlettsville business district.
      708 Rivergate Pkwy, Goodlettsville, TN 37072
      View Details
    • $2,900,000
      10,710 SF

      Established Business with Commercial Property

      Profitable business with real estate, equipment, and long-term staff.
      201 Graves Rd, Goodlettsville, TN 37072
      View Details
    • $1,549,900
      1,508 SF

      Versatile Commercial Property For Sale

      Multi-purpose property with office, car sales, and body shop.
      1292 S Dickerson N Rd, Goodlettsville, TN 37072
      View Details
    • $2,400,000
      8,140 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space in high-traffic location.
      1126 Louisville Hwy, Goodlettsville, TN 37072
      View Details
    • $1,450,000
      2,890 SF

      Commercial Yard on Dickerson Pike

      3.29-acre commercial property with Dickerson Pike frontage in Goodlettsville.
      1294 S Dickerson Rd, Goodlettsville, TN 37072
      View Details
    • $259,900
      1,344 SF

      Commercial Property on Louisville Highway

      Versatile commercial space with high visibility and residential grandfathering.
      1280B Louisville Hwy, Goodlettsville, TN 37072
      View Details
    • $999,999

      General Commercial Land Near I-65

      16.9 acres of commercial land in a high-growth area.
      1135 Louisville Hwy, Goodlettsville, TN 37072
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land approved for commercial development with existing structure.
    Where is this commercial land located?
    The property is located at 1126 Louisville Hwy Goodlettsville, TN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Approved for commercial development.; Convenient location: one mile off I65.; All utilities on‑site.
    (615) 475-5616
    We can help!
    Listing Contact
    JAMIE BRANDENBURG
    JAMIE BRANDENBURG
    Real Estate License ID: 344013
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!