Gallatin Industrial Building For
1126 Old Highway 109 N Gallatin, TN 37066
1126 Old Highway 109 N, Gallatin, TN, 37066
$850,000
Pending
For Sale
$850,000
Pending
8,000 sq ft industrial building suitable for various uses.
Property Size8,000 SF
Days on Market54
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
Source
Corcoran
Added: May 26 Checked: Jul 17 at 3:16 am
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
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.0k | $9.75 |
| − Vacancy | −$2.4k | −$0.30 |
| EGI | $75.6k | $9.45 |
| − OpEx | −$22.7k | −$2.83 |
| NOI | $52.9k | $6.61 |
8,000 SF · lease $9.75/SF/yr · vacancy 3.10% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
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
