Corner Mixed-Use
For Sale
$2,250,000
1000 18th Ave S, Nashville, TN 37212
Commercial property with a Music Row address, corner positioning, and proximity to Vanderbilt and Belmont universities.
Property Size5,832 SF
Price / SF$385.80
Days on Market55
Property Features for 1000 18th Ave S
General Information
Standard status
Active
Size
5,832 SF
Building Details
Year Built
1925
Listing Agency:
JT Commercial Real Estate
Listed By:
John Toomey IV · License #332762
(615) 933-1610
Source:
Grayfoxrealty
Added: Aug 4
Changed: Sep 26
Last Checked: Sep 26 at 8:56AM
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 JT Commercial Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property comprises 5,832 square feet and was built in 1925. The building occupies a corner lot at 1000 18th Ave S, providing a commercial setting within Nashville’s Music Row area. The property is adjacent to the Music Square corridor, a district associated with the city’s recording and publishing industry.
The address is near Vanderbilt University, Belmont University, Midtown, and the Gulch. The property also carries a stated connection to George Strait, adding an established music-industry association to its Nashville setting. Its combination of commercial space, corner placement, and proximity to recognized local destinations supports a range of mixed-use considerations.
The address is near Vanderbilt University, Belmont University, Midtown, and the Gulch. The property also carries a stated connection to George Strait, adding an established music-industry association to its Nashville setting. Its combination of commercial space, corner placement, and proximity to recognized local destinations supports a range of mixed-use considerations.
Key Highlights
- 5,832‑square‑foot mixed‑use property
- Built in 1925
- Corner lot at 1000 18th Ave S
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
$70,859
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
3.15%
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%
$1,417,180
$1.4M
Cap Rate 7%
$1,012,271
$1.0M
Cap Rate 9%
$787,322
$787.3K
Market Conditions
NOI Build-Up for 5,832 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
$126.0K $21.60/SF
− Vacancy
−$12.6K −$2.16/SF
EGI
$113.4K $19.44/SF
− OpEx
−$42.5K −$7.29/SF
NOI
$70.9K $12.15/SF
Area
Nashville, TN
Vacancy
10.00%
Lease Rate
$21.60 /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%
$1,417,180
Cap Rate 7%
$1,012,271
Cap Rate 9%
$787,322
Alternative Uses
Best Use
Mixed Use
$1.01M
$885.7K – $1.18M
NOI $70,859 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,926 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 37212, TN
22,318
Population
8,306
Households
2.7
Avg Household Size
26
Median Age
78%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
8,266
Density / Sq Mi
$86,461
Median Household Income
$24,291
Median Earnings
$1,565
Median Rent
$928,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property with a Music Row address, corner positioning, and proximity to Vanderbilt and Belmont universities.
Where is this mixed-use property located?
The property is located at 1000 18th Ave S Nashville, TN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 5,832‑square‑foot mixed‑use property; Built in 1925; Corner lot at 1000 18th Ave S
