Gallatin Industrial Building For
For Sale
$850,000
Pending
1126 Old Highway 109 N, Gallatin, TN 37066
8,000 sq ft industrial building suitable for various uses.
Property Size8,000 SF
Days on Market140
Property Features for 1126 Old Highway 109 N
General Information
Standard status
Pending
Size
8,000 SF
Property subtype
Commercial
Building Details
Year Built
1994
Listing Agency:
GENE CARMAN R. E. & AUCTION
(615) 452-5341
Listed By:
LLOYD ANDREWS · License #14193
(615) 210-7168
Source:
Corcoran
Added: May 26
Changed: Oct 11
Last Checked: Oct 11 at 6:20AM
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 GENE CARMAN R. E. & AUCTION
Investment Insights
Based on property information with market context.
This 8,000 sq ft building, constructed in 1994, was previously used as a tool and die shop. It features a concrete parking lot and is located just outside of Gallatin. The property includes approximately 25' x 25' of office space with central heat and air, along with two half bathrooms. The building has 3-phase current and includes a tow motor. The property is located in a flood hazard area and is suitable for many uses.
Key Highlights
- 8000 sq. ft. building suitable for various uses
- Includes a tow motor
- Features 3‑phase electrical current
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,907
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,140
$1.1M
Cap Rate 7%
$755,814
$755.8K
Cap Rate 9%
$587,856
$587.9K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$78.0K $9.75/SF
− Vacancy
−$2.4K −$0.30/SF
EGI
$75.6K $9.45/SF
− OpEx
−$22.7K −$2.83/SF
NOI
$52.9K $6.61/SF
Area
Sumner County, TN
Vacancy
3.10%
Lease Rate
$9.75 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,140
Cap Rate 7%
$755,814
Cap Rate 9%
$587,856
Alternative Uses
Best Use
Industrial
$755.8K
$661.3K – $881.8K
NOI $52,907 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.80M
$2.45M – $3.27M
NOI $196,017 @ 7.0% cap · market cap 23.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 37066, TN
59,370
Population
25,939
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
116.3 sq mi
ZIP Area
510
Density / Sq Mi
$78,049
Median Household Income
$43,311
Median Earnings
$1,305
Median Rent
$376,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 8,000 sq ft industrial building suitable for various uses.
Where is this manufacturing property located?
The property is located at 1126 Old Highway 109 N Gallatin, TN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 8000 sq. ft. building suitable for various uses; Includes a tow motor; Features 3‑phase electrical current
