Residential Income
New
For Sale
$199,900
1035 Arlene Dr, La Vergne, TN 37086
Condominium with refreshed finishes, stainless steel appliances, and updated lighting and ceiling fans.
Property Size1,120 SF
Price / SF$178.48
Days on Market3
Property Features for 1035 Arlene Dr
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Land
Building Details
Year Built
2005
Listing Agency:
Broker Headquarters Group
(615) 405-5227
Listed By:
HOLT Preferred
(615) 405-5227
Source:
Nashvillespropertysearch
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 28 at 9:57AM
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 Broker Headquarters Group
Investment Insights
Based on property information with market context.
This condominium was built in 2005 and offers 1,120 square feet of residential space. Interior improvements include fresh paint, laminate flooring, stainless steel appliances, updated light fixtures, and newer ceiling fans. The property is located at 1035 Arlene Dr in La Vergne, Tennessee, within the greater Nashville area.
The property is offered as a residential income asset. Financing considerations include ineligibility for FHA financing under the applicable 90-day rule.
The property is offered as a residential income asset. Financing considerations include ineligibility for FHA financing under the applicable 90-day rule.
Key Highlights
- 1,120‑square‑foot condominium built in 2005
- Fresh paint and laminate flooring
- Stainless steel appliances
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
$9,040
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
4.52%
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%
$180,800
$180.8K
Cap Rate 7%
$129,143
$129.1K
Cap Rate 9%
$100,444
$100.4K
Market Conditions
NOI Build-Up for 1,120 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
$17.3K $15.48/SF
− Vacancy
−$902 −$0.80/SF
EGI
$16.4K $14.68/SF
− OpEx
−$7.4K −$6.60/SF
NOI
$9.0K $8.07/SF
Area
Rutherford County, TN
Vacancy
5.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
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%
$180,800
Cap Rate 7%
$129,143
Cap Rate 9%
$100,444
Alternative Uses
Best Use
Apartment 5plus
$129.1K
$113.0K – $150.7K
NOI $9,040 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$387.1K
$338.7K – $451.6K
NOI $27,095 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 37086, TN
37,463
Population
13,282
Households
2.8
Avg Household Size
32
Median Age
23%
College-Educated
89%
High-School Grad
24.8 sq mi
ZIP Area
1,511
Density / Sq Mi
$79,285
Median Household Income
$39,943
Median Earnings
$1,716
Median Rent
$268,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium with refreshed finishes, stainless steel appliances, and updated lighting and ceiling fans.
Where is this residential income property located?
The property is located at 1035 Arlene Dr La Vergne, TN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,120‑square‑foot condominium built in 2005; Fresh paint and laminate flooring; Stainless steel appliances
