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

    701 12Th Ave S Nashville, TN 37203

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    0.48-acre site in the Gulch available for retail opportunities.

    Lot size:
    0.48 Acres

    Property Features for 701 12Th Ave S

    General Information

    Zoning
    DTC
    Lot size
    0.48 Acres

    We can help!

    Listing Contact
    Jon Petty
    Jon Petty
    Source: Corfac

    Listing Agent: Jon Petty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Gulch Retail Opportunity

    This 0.48-acre site, currently used as a paid parking lot, is located at the corner of 12th Ave S and Division Street, adjacent to Terrazzo, in the heart of the Gulch. It offers prime visibility and excellent interstate exposure. The site is open to a range of retail opportunities, including ground leases and build-to-suit options, with both long and short-term lease terms available.
    Location Intelligence

    Current Use by Public Records

    Bird Dog Parking Lot & Garage

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.784719
    Latitude
    36.150881

    Nearby Similar for Lease

    • Contact for pricing

      West End

      Discover many ways to work your way in West End
      3200 End Ave, Nashville, TN 37203
      View Details
    • Contact for pricing

      Highland Ridge II

      Meet, work or collaborate in our professional Sunroad Corporate Center business center
      555 Marriott Dr, Nashville, TN 37214
      View Details
    • Contact for pricing

      Burton Hills

      Meet, work or collaborate in our professional Columbia Center business center
      40 Burton Hills Blvd, Nashville, TN 37215
      View Details
    • Contact for pricing

      American Center

      Meet, work or collaborate in our professional Columbia Center business center
      3102 End Ave, Nashville, TN 37203
      View Details
    • Contact for pricing

      Spaces Riverfront Park

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      222 2Nd Ave, Nashville, TN 37201
      View Details
    • Contact for pricing

      TN, Nashville - 315 Deaderick

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      315 Deaderick St, Nashville, TN 37238
      View Details
    • Contact for pricing

      TN, Nashville - 1 Music Circle

      Discover many ways to work your way in Greenwich
      1 Music Cir, Nashville, TN 37203
      View Details
    • Sponsored
      Contact for pricing

      TN, Nashville - 500 Church Street

      Discover many ways to work your way in Redmond Center
      500 Church Street Aly, Nashville, TN 37219
      View Details
    • $2,800 /Mo

      Versatile Multi-Use Rental in Nashville

      Spacious rental with flexible floor plan for office or living.
      324 Harrison St, Nashville, TN 37211
      View Details
    • Contact for pricing

      Class-A Office in West Nashville

      Class-A office space with convenient access to major thoroughfares and amenities.
      6740 Charlotte Pike, Nashville, TN 37209
      View Details
    • $45 SF/Yr

      Restored Industrial Building on Charlotte Avenue

      Mixed-use destination with retail, dining, wellness, and workspaces.
      3820 Charlotte Ave, Nashville, TN 37209
      View Details
    • Contact for pricing

      Retail Space with Dedicated Parking

      Retail space with dedicated parking and high traffic location.
      4011 Charlotte Ave, Nashville, TN 37209
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.48-acre site in the Gulch available for retail opportunities.
    Where is this commercial land located?
    The property is located at 701 12Th Ave S Nashville, TN.
    What are key features of this property?
    This property features: - Prime visibility in the heart of the Gulch.; - Excellent interstate exposure.; - Located at the corner of 12th Ave S and Division Street, adjacent to Terrazzo.
    (615) 584-0787
    Request Owner's contact information
    701 12Th Ave S Nashville, TN 37203
    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.
    701 12Th Ave S
    Nashville, TN 37203
    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
    701 12Th Ave S Nashville, TN 37203
    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
    Jon Petty
    Jon Petty
    (615) 584-0787 (615) 833-8716 (615) 743-9387
    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!