Commercial Building with Garage
For Sale
Contact for pricing
Pending
1243 Dickerson Rd, Goodlettsville, TN 37072
Commercial building with tenants and detached garage bays.
Property Size3,574 SF
Days on Market176
Property Features for 1243 Dickerson Rd
General Information
Standard status
Pending
Size
3,574 SF
Total Parking Spaces
10
Property subtype
Mixed Use
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Buildings
2
Stories
1
Units
2
Listing Agency:
Hollingsworth Homes Real Estate
Listed By:
Michelle Hollingsworth · License #256286
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Jul 24 at 11:01AM
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 Hollingsworth Homes Real Estate
Investment Insights
Based on property information with market context.
This commercial property is located in a high-traffic area, minutes from Nashville. The property includes a commercial building with over 3500 square feet of space and currently houses two tenants. In addition to the main building, the property features a detached building with four garage bays, suitable for automotive or storage purposes. This property is an investment opportunity.
Key Highlights
- High traffic location on Dickerson Rd.
- Investment property with existing tenants
- Over 3500sf commercial building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,992
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,259,840
$1.3M
Cap Rate 7%
$899,886
$899.9K
Cap Rate 9%
$699,911
$699.9K
Market Conditions
NOI Build-Up for 3,574 SF
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.
Gross rent
$107.2K $30.00/SF
− Vacancy
−$6.4K −$1.80/SF
EGI
$100.8K $28.20/SF
− OpEx
−$37.8K −$10.58/SF
NOI
$63.0K $17.63/SF
Area
Davidson County, TN
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,259,840
Cap Rate 7%
$899,886
Cap Rate 9%
$699,911
Alternative Uses
Best Use
Industrial
$3.66M
$3.20M – $4.27M
NOI $256,065 @ 7.0% cap · market cap 30.13%
Second Best
Mixed Use
$899.9K
$787.4K – $1.05M
NOI $62,992 @ 7.0% cap · market cap 7.41%
Theoretical Best
Warehouse
$4.33M
$3.79M – $5.05M
NOI $302,883 @ 7.0% cap · market cap 35.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,503 visits/mo
0.4 miles
Demographics for 37072, TN
33,065
Population
14,377
Households
2.3
Avg Household Size
40
Median Age
28%
College-Educated
89%
High-School Grad
77.5 sq mi
ZIP Area
427
Density / Sq Mi
$75,514
Median Household Income
$44,313
Median Earnings
$1,359
Median Rent
$340,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building with tenants and detached garage bays.
Where is this mixed-use property located?
The property is located at 1243 Dickerson Rd Goodlettsville, TN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High traffic location on Dickerson Rd.; Investment property with existing tenants; Over 3500sf commercial building
