Goodlettsville Mixed-Use Development
1332 Dickerson Road, Goodlettsville, TN 37072
1.22-acre property with flexible development potential in Goodlettsville, TN.
Type:MU
Property size:
2,933 SFLot size:
1.22 AcresPrice / SF:
$240/SF- Added:
- Jun 24, 2025
- Days on Market:
- 338
- Last Refresh:
- Apr 3 at 5:01 am
Property Features for 1332 Dickerson Road
General Information
- Standard status
- Active
- Size
- 2,933 SF
- Lot size
- 1.22 Acres
- Property subtype
- MU
Listing agent Alec Bahmed License #358430, TN (615) 830-6427
Listing office KW Commercial | Nashville | Alec Bahmed (615) 830-6427
Listing date Jun 24, 2025
Source Realnex
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 KW Commercial | Nashville | Alec Bahmed
HighLights
- 1.22‑acre property with flexible development potential.
- Strategic infill opportunity in the growing North Davidson market with corridor visibility.
- Current CS zoning allows for a commercial building of up to 30,000 square feet.
- Potential for higher density development (up to 100,000 sq ft, 5 stories) with rezoning.
- Located near I‑65 and key public schools.
- Existing 2,933 sq ft structure suitable for interim use or conversion (live‑work, office, etc.).
Overview
Located along the Dickerson Pike corridor in Goodlettsville, within Metro Nashville, the property at 1332 S Dickerson Road spans 1.22 acres. It is zoned CS (Commercial Services) and guided by the T3-CM Suburban Mixed Use Corridor policy, offering development potential for commercial, residential, or mixed-use projects. The existing structure totals approximately 2,933 square feet and includes a residential layout with a separate office unit and enclosed storage, potentially supporting interim use or conversion to live-work, service business, or small office. Under the current CS zoning, a commercial building of up to 30,000 square feet is allowed, with a maximum height of 45 feet and 60% lot coverage, making the property suitable for retail, medical, office, or contractor-oriented use. Rezoning to MUL-A could support a mixed-use development with 24–36 residential units and 10,000–15,000 square feet of commercial space, featuring pedestrian-focused design. A custom SP rezoning could allow a five-story, 100,000 square foot development with 50–75 residential units, structured parking, and activated street frontage, maximizing density. The property is located near I-65 and key public schools, with utilities and fiber internet access available, offering a strategic infill opportunity for developers, businesses, or investors seeking flexible zoning and access to the growing North Davidson market.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$574.4K
NOI $51,694 @ 9.00% cap · cautious / downside scenario
Moderate
$738.5K
NOI $51,694 @ 7.00% cap · market / base-case scenario
Aggressive
$1.03M
NOI $51,694 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.0k | $30.00 |
| − Vacancy | −$5.3k | −$1.80 |
| EGI | $82.7k | $28.20 |
| − OpEx | −$31.0k | −$10.58 |
| NOI | $51.7k | $17.63 |
2,933 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$738.5K
$646.2K – $861.6K
NOI $51,694 @ 7.0% cap · market cap 7.33%
Second Best
Office B
$701.0K
$613.4K – $817.9K
NOI $49,072 @ 7.0% cap · market cap 6.96%
Theoretical Best
Warehouse
$3.55M
$3.11M – $4.14M
NOI $248,560 @ 7.0% cap · market cap 35.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Goodlettsville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.745928
- Latitude
- 36.283891
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 1.22-acre property with flexible development potential in Goodlettsville, TN.
Where is this mixed-use property located?
The property is located at 1332 Dickerson Road Goodlettsville, TN.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: 1.22‑acre property with flexible development potential.; Strategic infill opportunity in the growing North Davidson market with corridor visibility.; Current CS zoning allows for a commercial building of up to 30,000 square feet.
