Columbia Inn Redevelopment
1208 Nashville Hwy Columbia, TN 38401
For Sale
$7,000,000
10-acre redevelopment site currently operating as the Columbia Inn.
Property Size63,000 SF
Lot Size10.00 Acres
Price / SF$111.11
Days on Market508
Property Features for 1208 Nashville Hwy
General Information
Standard status
Active
Size
63,000 SF
Lot size
10.00 Acres
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
MAURY COUNTY REALTY
(931) 388-3112
Listed By:
JOHN R. HILL
Source:
Corcoran
Added: Mar 7, 2025
Changed: Jul 6
Last Checked: Jul 27 at 8:49AM
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 MAURY COUNTY REALTY
Investment Insights
Based on property information with market context.
This property is a 10-acre redevelopment site currently operating as the Columbia Inn. The property has a size of 63000 square feet.
Key Highlights
- 10 acre redevelopment site
- Currently operating as the Columbia Inn
- Year Built: 1960
Financial Insights For Hotel Hospitality
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 | $945.0k | $15.00 |
| − Vacancy | −$94.5k | −$1.50 |
| EGI | $850.5k | $13.50 |
| − OpEx | −$446.5k | −$7.09 |
| NOI | $404.0k | $6.41 |
63,000 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$5.77M
$5.05M – $6.73M
NOI $403,988 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.47M
$16.16M – $21.55M
NOI $1,292,760 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Extend A Suites — 1208 Nashville Hwy, Columbia, TN 38401
- Columbia Inn Extended Stay — 1208 nashville hwy, columbia, tn 38401
- Columbia Event Center — 1116 Nashville Hwy, Columbia, TN 38401
- Hotel O Columbia Downtown near I-65 — 1504 nashville hwy, columbia, tn 38401
- Days Inn by Wyndham Columbia — Exit 46, 1504 Nashville Hwy I-65, Columbia, TN 38401
Frequently Asked Questions
What type of property is this?
Motel - 10-acre redevelopment site currently operating as the Columbia Inn.
Where is this motel located?
The property is located at 1208 Nashville Hwy Columbia, TN.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 10 acre redevelopment site; Currently operating as the Columbia Inn; Year Built: 1960
