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

    1218 Pillow Street Nashville, TN 37203

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,025,000

    Mixed-use property in Wedgewood-Houston, blending luxury with investment potential.

    Type:Commercial
    Property size:
    2,970 SF
    Added:
    Apr 3, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 3 at 8:09 pm

    Property Features for 1218 Pillow Street

    General Information

    Standard status
    Active
    Size
    2,970 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    IVY VICK

    Listing agent IVY VICK

    Listing office COMPASS

    Listing date Apr 3, 2026

    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

    Overview

    Nashville Mixed-Use Investment Opportunity

    Located in Nashville's Wedgewood-Houston (WeHo) neighborhood, this property offers a blend of luxurious living and commercial investment potential. Zoned MUL (Mixed Use Limited), the property offers various options for use, similar to neighboring operations. The location combines everyday appeal with long-term growth potential in a vibrant redevelopment area. The WeHo neighborhood is experiencing growth, with establishments such as SoHo House, Pastis brasserie, Hermès store, Apple Music, and Live Nation. The property is located near GEODIS Park, and the upcoming 4,400-capacity The Truth music venue, scheduled to open in fall 2026. The property includes panoramic downtown views and a rooftop deck. A rare 2-car garage is also included. Located minutes from 12 South, Downtown, and The Gulch, the property combines urban excitement with refined elegance. The WeHo development plan is considered one of the best in the city. The property size is 2970 square feet.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.766116
    Latitude
    36.142301

    Nearby Similar for Sale

    • $705,000
      1,669 SF

      Donelson Commercial Space Opportunity

      1669 sq ft commercial building in thriving Nashville business corridor.
      2898 Elm Hill Pike, Nashville, TN 37214
      View Details
    • $739,900

      Renovated Plaza Near Nashville Zoo

      Freestanding plaza with multiple income streams near Nashville Zoo.
      408 Elysian Fields Rd, NASHVILLE, TN, 37211-4211
      View Details
    • $2,200,000
      5,920 SF

      Bellevue Office Condominiums For Sale

      Professional office condominiums in West Nashville's Harpeth Springs Business Park.
      7984 Coley Davis Rd, Nashville, TN 37221
      View Details
    • $5,290,000
      12,962 SF

      Nashville Flex-Use Facility with Bungalow

      Versatile property with bungalow and flex-use facility, ample parking.
      2606 Westwood Dr, Nashville, TN 37204
      View Details
    • $1,800,000
      4,300 SF

      Berry Hill Mixed-Use Opportunity

      Two adjacent parcels in Nashville's growing creative district.
      2686 Fessey Ct, Nashville, TN 37204
      View Details
    • $1,800,000
      4,300 SF

      Berry Hill Mixed-Use Opportunity

      Two adjacent parcels in Nashville's growing creative district.
      2686 Fessey Ct, Nashville, TN 37204
      View Details
    • $725,000
      1,669 SF

      A Versatile Commercial Property Ideally Located in the Bustling Donelson Area

      Commercial property in Donelson, near airport and train. Zoned ON.
      2898 Elm Hill Pike, Nashville, TN 37214
      View Details
    • $5,500,000
      8,000 SF

      Creative Office/Studio in The Nations

      Versatile commercial property in Nashville's vibrant Nations district.
      5101 Kentucky Ave, Nashville, TN 37209
      View Details
    • $699,000
      2,812 SF

      Commercial Property on Dickerson Corridor

      Commercial property with road frontage and parking on Dickerson.
      2525 Dickerson Pike, Nashville, TN 37207
      View Details
    • $3,700,000
      3,500 SF

      Modern Office Space For Sale

      Two office buildings totaling 5,600 SF on 0.51 acres.
      2503 Eugenia Ave, Nashville, TN 37211
      View Details
    • $550,000
      1,050 SF

      Versatile Commercial Building for Sale

      Commercial building suitable for office or childcare use.
      2616 Foster Ave, Nashville, TN 37210
      View Details
    • $259,900
      932 SF

      Versatile Commercial Space For Sale

      Adaptable commercial space suitable for various business ventures.
      2643 Smith Springs Rd, Nashville, TN 37217
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Wedgewood-Houston, blending luxury with investment potential.
    Where is this mixed-use property located?
    The property is located at 1218 Pillow Street Nashville, TN.
    What is the asking price?
    The asking price for this property is $2,025,000.
    What are key features of this property?
    This property features: Prime location in Wedgewood‑Houston (WeHo), a vibrant and rapidly developing Nashville neighborhood.; MUL (Mixed Use Limited) zoning offers commercial and investment potential.; Proximity to major attractions, including GEODIS Park and the future The Truth music venue.
    (615) 383-6964
    We can help!
    Listing Contact
    IVY VICK
    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!