Mixed-Use Property For
1202 Donelson Ave Old Hickory, TN 37138
1202 Donelson Ave, Old Hickory, TN, 37138
$399,900
For Sale
$399,900
Well-maintained commercial property with office and retail spaces.
Property Size1,740 SF
Lot Size0.16 Acres
Price / SF$229.83
Days on Market149
Property Features for 1202 Donelson Ave
General Information
- Standard status
- Active
- Size
- 1,740 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
SIMPLIHOM
(855) 856-9466
Listed by
MINA ADIB
Source
Corcoran
Added: Feb 20 Checked: Jul 19 at 3:50 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 SIMPLIHOM
Investment Insights
Based on property information with market context.
This is a well-maintained commercial property featuring a mix of office and retail spaces. The property is currently leased to a bookstore and a candy shop. This presents a solid investment opportunity with a stable tenant in place. The property also offers potential for future owner-occupant use. The property size is 1740 square feet.
Key Highlights
- Stable investment opportunity with tenants in place.
- Mix of office and retail space.
- Potential for future owner‑occupant use.
Local Financial Insights For Mixed Use
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 | $52.2k | $30.00 |
| − Vacancy | −$3.1k | −$1.80 |
| EGI | $49.1k | $28.20 |
| − OpEx | −$18.4k | −$10.58 |
| NOI | $30.7k | $17.63 |
1,740 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$438.1K
$383.4K – $511.1K
NOI $30,668 @ 7.0% cap · market cap 7.67%
Second Best
Office B
$415.9K
$363.9K – $485.2K
NOI $29,112 @ 7.0% cap · market cap 7.28%
Theoretical Best
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,458 @ 7.0% cap · market cap 36.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Mixed-use property - Well-maintained commercial property with office and retail spaces.
Where is this mixed-use property located?
The property is located at 1202 Donelson Ave Old Hickory, TN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Stable investment opportunity with tenants in place.; Mix of office and retail space.; Potential for future owner‑occupant use.
