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Listing Agency: Charles Woodard & Associates

Listed By: Neal Trice 6152026806 · License #304366 Show Phone

Source: Tnhomesfinder

Added: Jul 24 Changed: Oct 1 Last Checked: Oct 14 at 11:18PM

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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 Charles Woodard & Associates

Investment Insights

Based on property information with market context.

This C1 Rural Commercial property combines approximately 803 acres with about 39,470 square feet of commercial buildings. The improvements may support warehousing or other commercial operations, while the predominantly timbered acreage includes Strong Branch, Southerland Creek, and Jones Creek. The property consists of three combined tracts and was newly surveyed.

Public water, electric, and natural gas are available. The site is on Petty Road near Highway 250, with Highways 47, 48, and 70 and Interstate 40 approximately 15 minutes away. The zoning and existing improvements support consideration for warehouse storage, a lumber yard, or related commercial uses.

Key Highlights

• 803 acres, newly surveyed
• Approximately 39,470 Sq. Ft. of commercial buildings
• C1 Rural Commercial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$379,313

Cap Rate

7.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,586,260 $7.6M

Cap Rate 7%

$5,418,757 $5.4M

Cap Rate 9%

$4,214,589 $4.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 39,470 SF

Gross rent

$464.2K $11.76/SF

− Vacancy

−$17.9K −$0.45/SF

EGI

$446.3K $11.31/SF

− OpEx

−$66.9K −$1.70/SF

NOI

$379.3K $9.61/SF

Area

Dickson County, TN

Vacancy

3.86%

Lease Rate

$11.76 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,586,260

Cap Rate 7%

$5,418,757

Cap Rate 9%

$4,214,589

Alternative Uses

Best Use

Warehouse

$5.42M

$4.74M – $6.32M (±1% cap)

NOI $379,313 @ 7.0% cap · market cap 7.90%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$11.57M

$10.12M – $13.50M (±1% cap)

NOI $809,924 @ 7.0% cap · market cap 16.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 37187, TN

7,382

Population

3,523

Households

2.1

Avg Household Size

41

Median Age

19%

College-Educated

85%

High-School Grad

71.1 sq mi

ZIP Area

104

Density / Sq Mi

$71,049

Median Household Income

$45,571

Median Earnings

$952

Median Rent

$283,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - C1-zoned acreage includes commercial buildings and access to public water, electric, and natural gas.

Where is this warehouse located?

The property is located at 1259 Petty Rd White Bluff, TN.

What is the asking price?

The asking price for this property is $4,800,000.

What are key features of this property?

This property features: 803 acres, newly surveyed; Approximately 39,470 Sq. Ft. of commercial buildings; C1 Rural Commercial zoning