Columbia Inn Redevelopment
For Sale
$7,000,000
Pending
1208 Nashville Hwy, Columbia, TN 38401
10-acre redevelopment site currently operating as the Columbia Inn.
Property Size63,000 SF
Lot Size10.00 Acres
Days on Market638
Property Features for 1208 Nashville Hwy
General Information
Standard status
Pending
Size
63,000 SF
Lot size
10.00 Acres
Building Details
Year Built
1960
Listing Agency:
Maury County Realty
Listed By:
John R. Hill 9312241205
(931) 224-1205
Source:
Tnhomesfinder
Added: Jan 29, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:24AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$403,988
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,079,760
$8.1M
Cap Rate 7%
$5,771,257
$5.8M
Cap Rate 9%
$4,488,756
$4.5M
Market Conditions
NOI Build-Up for 63,000 SF
Gross rent
$945.0K $15.00/SF
− Vacancy
−$94.5K −$1.50/SF
EGI
$850.5K $13.50/SF
− OpEx
−$446.5K −$7.09/SF
NOI
$404.0K $6.41/SF
Area
Maury County, TN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,079,760
Cap Rate 7%
$5,771,257
Cap Rate 9%
$4,488,756
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38401, TN
63,075
Population
28,470
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
296.7 sq mi
ZIP Area
213
Density / Sq Mi
$69,467
Median Household Income
$42,314
Median Earnings
$1,084
Median Rent
$295,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Similar Off Market Nearby
- Columbia Event Center — 1116 Nashville Hwy, Columbia, TN 38401
- Extend A Suites — 1208 Nashville Hwy, Columbia, TN 38401
- Columbia Inn Extended Stay — 1208 nashville hwy, columbia, tn 38401
- Days Inn by Wyndham Columbia — Exit 46, 1504 Nashville Hwy I-65, Columbia, TN 38401
- Hotel O Columbia Downtown near I-65 — 1504 nashville hwy, 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
