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

    1222 Gallatin Ave Nashville, TN 37206

    Sponsored
    Source: https://www.intero.com
    For Sale
    $2,900,000

    7-Unit NOO STR Property in the Heart of East Nashville

    Property size:
    4,750 SF

    Property Features for 1222 Gallatin Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,750 SF
    Price / Square Foot
    $610
    Total Parking Spaces
    13
    Elevators
    N/A

    Building Details

    Year Built
    1969
    Buildings
    1
    Stories
    1
    Units
    7

    Overview

    East Nashville 7-Unit STR Property

    This 7-unit property is located in the heart of East Nashville. The property features one 4-bedroom/4-bath unit and six 1-bedroom/1.5 bath units. Recently renovated, this short-term rental development was designed for Nashville's vacation rental market. Each themed unit offers its own unique personality. Located across from a mixed-use development, the property is within walking distance of The Wash, Pearl Diver, Tower Market & Deli, Zenshi Sushi, Pelican & Pig, Eastside Bahn Mi and Highland Yards. It is also near OrangeTheory Fitness and one block from Publix and Starbucks. Zoned MUG-A, the property allows for redevelopment of up to 7-stories and 105 feet in height. The property has short-term rental potential and long-term value for future development. The property size is 4750 square feet.

    We can help!

    Listing Contact
    Intero Headquarters

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    State
    Tennessee
    Longitude
    -86.7515627
    Latitude
    36.1782024

    Nearby Similar for Sale

    • $5,000,000
      20,568 SF

      Dickerson Pike Commercial Showroom

      17,568 SF showroom on Dickerson Pike, Nashville. For sale.
      3800 Dickerson Pike, Nashville, TN 37207
      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
      View Details
    • $2,000,000
      5,002 SF

      Free-Standing Building in West End

      5,000 SF building in West End near Vanderbilt University.
      1912 Church St, Nashville, TN 37203
      View Details
    • $3,500,000
      5,484 SF

      Retail Property on Charlotte Pike

      Retail property available for sale on Charlotte Pike.
      4708 Charlotte Pike, Nashville, TN 37209
      View Details
    • Contact for pricing

      Food Truck on Corner Lot

      Food truck on 0.6 acre corner lot for sale.
      3720 Dickerson Pike, Nashville, TN 37207
      View Details
    • Contact for pricing
      7,940 SF

      Nashville CBD Office Space Available

      Office space in Nashville CBD with parking and branding opportunities.
      600 4Th Ave N, Nashville, TN 37210
      View Details
    • $1,100,000
      2,640 SF

      Functional Nashville Office/Medical Space

      Single-tenant space near downtown Nashville with excellent connectivity.
      1014 4Th Ave S, Nashville, TN 37219
      View Details
    • $3,500,000
      6,493 SF

      Nashville Office Building For Sale

      Office building with interior elevator and surface parking.
      205 23Rd Ave North, Nashville, TN 37203
      View Details
    • Contact for pricing

      Green Hills Freestanding Office Building

      Two-story office building in high-traffic Green Hills corridor.
      1915 Glen Echo Rd, Nashville, TN 37215
      View Details
    • $2,250,000
      3,848 SF

      Retail Property on Lebanon Pike

      Retail property available for sale on Lebanon Pike.
      3169 Lebanon Pike, Nashville, TN 37214
      View Details
    • Contact for pricing

      Small Office in East Nashville

      Small office space in high-traffic East Nashville location.
      1120 Dickerson Pike, Nashville, TN 37207
      View Details
    • Contact for pricing
      2,464 SF

      Nashville Flex/Industrial Space Available

      Flex/Industrial space for sale near major interstates in Nashville.
      3716 Dickerson Pike, Nashville, TN 37207
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 7-Unit NOO STR Property in the Heart of East Nashville
    Where is this multifamily property located?
    The property is located at 1222 Gallatin Ave Nashville, TN.
    What is the asking price?
    The asking price for this property is $2,900,000.
    (408) 342-8696
    Request Owner's contact information
    1222 Gallatin Ave Nashville, TN 37206
    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.
    1222 Gallatin Ave
    Nashville, TN 37206
    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
    1222 Gallatin Ave Nashville, TN 37206
    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

    We can help!
    Listing Contact
    Intero Headquarters
    (408) 342-8696
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!