Commercial Property on Louisville
1280B Louisville Hwy Goodlettsville, TN 37072
1280B Louisville Hwy, Goodlettsville, TN, 37072
$259,900
For Sale
$259,900
Versatile commercial space with high visibility and residential grandfathering.
Property Size1,344 SF
Lot Size0.39 Acres
Price / SF$193.38
Days on Market200
Property Features for 1280B Louisville Hwy
General Information
- Standard status
- Active
- Size
- 1,344 SF
- Lot size
- 0.39 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1996
Listing Agency
EXIT REAL ESTATE SOLUTIONS
(615) 826-0001
Listed by
HEATHER DEVERMANN · License #339512
Source
Corcoran
Added: Dec 31, 2025 Checked: Jul 19 at 4:28 am
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 EXIT REAL ESTATE SOLUTIONS
Investment Insights
Based on property information with market context.
This 1344 square foot property is zoned (GC) general commercial, and is also grandfathered in as residential. The layout allows potential set up for 3-4 offices, a conference room, a break room, and restrooms. It features LVP flooring throughout. Situated along Louisville Hwy, the property offers high visibility. It is ideal for professional services and offices such as small business, real estate, attorney, title, insurance, accounting, counseling/therapy, architectural/design firm, health/wellness, retail or creative spaces.
Key Highlights
- Grandfathered residential status combined with general commercial (GC) zoning offers flexible usage options.
- High visibility location on Louisville Hwy is ideal for attracting clients and customers.
- Potential for conversion into 3‑4 offices with conference room, break room, and restrooms.
Local Financial Insights For Office B
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 | $35.5k | $26.40 |
| − Vacancy | −$5.5k | −$4.09 |
| EGI | $30.0k | $22.31 |
| − OpEx | −$7.5k | −$5.58 |
| NOI | $22.5k | $16.73 |
1,344 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$321.2K
$281.1K – $374.8K
NOI $22,486 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.63M
$1.42M – $1.90M
NOI $113,899 @ 7.0% cap · market cap 43.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile commercial space with high visibility and residential grandfathering.
Where is this office units located?
The property is located at 1280B Louisville Hwy Goodlettsville, TN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Grandfathered residential status combined with general commercial (GC) zoning offers flexible usage options.; High visibility location on Louisville Hwy is ideal for attracting clients and customers.; Potential for conversion into 3‑4 offices with conference room, break room, and restrooms.
