Renovated Commercial Building on
770 Nissan Dr Smyrna, TN 37167
For Sale
$1,500,000
Pending
Recently renovated 2,000 SF building on 1.3 acres.
Property Size2,000 SF
Lot Size1.35 Acres
Days on Market901
Property Features for 770 Nissan Dr
General Information
- Standard status
- Pending
- Size
- 2,000 SF
- Lot size
- 1.35 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1994
Listing Agency:
COVENANT REAL ESTATE SERVICES
(615) 948-5917
Listed By:
AMIR ROSHAN
Source:
Corcoran
Added: Feb 6, 2024
Changed: Jul 10
Last Checked: Jul 23 at 9:52AM
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 COVENANT REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This commercial property features a recently renovated 2,000-square-foot building situated on over 1.3 acres. The building is currently leased until November 2020. Previously used as a bank, the property offers possibilities for various types of businesses. It benefits from a location one block from Nissan North America and is adjacent to Krystal, across from McDonald's, O'Riely, and Sonic. The property includes 230 feet of frontage on Nissan Drive.
Key Highlights
- Prime location: A block from Nissan North America and surrounded by established businesses.
- High visibility: 230 Feet of frontage on Nissan Drive.
- Move‑in ready: Recently renovated 2000 sq.ft building.
Financial Insights For Specialty Retail
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 | $67.2k | $33.60 |
| − Vacancy | −$2.7k | −$1.34 |
| EGI | $64.5k | $32.26 |
| − OpEx | −$16.1k | −$8.06 |
| NOI | $48.4k | $24.19 |
2,000 SF · lease $33.60/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$691.2K
$604.8K – $806.4K
NOI $48,384 @ 7.0% cap · market cap 3.23%
Second Best
Retail
$652.0K
$570.5K – $760.7K
NOI $45,642 @ 7.0% cap · market cap 3.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Recently renovated 2,000 SF building on 1.3 acres.
Where is this bank located?
The property is located at 770 Nissan Dr Smyrna, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location: A block from Nissan North America and surrounded by established businesses.; High visibility: **230 Feet of frontage on Nissan Drive.**; Move‑in ready: Recently renovated 2000 sq.ft building.
