Mixed-Use Property with Covered
New
For Sale
$1,700,000
1403 Stewarts Ferry Pike, Hermitage, TN 37076
Residential and commercial zoning accommodates both living space and business operations.
Property Size4,000 SF
Price / SF$425
Days on Market4
Property Features for 1403 Stewarts Ferry Pike
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Mixed Use
Additional Details
Currently Operating
Yes
Property Use
Boat Repair and Storage
Building Details
Building Size
4,000 SF
Year Built
1967
Buildings
4
Listing Agency:
The Hubner Group, LLC
Listed By:
Jeff Cherry Jr. · License #378288
(615) 788-3333
Source:
Davidhatef
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 1:57PM
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 The Hubner Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes four structures: a 30x32' shop with an awning, a garage, 30x180' of covered storage, and 3,000 square feet of living quarters with 3 bedrooms, 2 bathrooms, and an office. The property was built in 1967 and is currently occupied by a boat repair and storage business.
Key Highlights
- 30x180' covered storage area
- 3,000‑square‑foot living quarters with 3 bedrooms, 2 bathrooms, and an office
- 30x32' shop with an awning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,500
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,410,000
$1.4M
Cap Rate 7%
$1,007,143
$1.0M
Cap Rate 9%
$783,333
$783.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$120.0K $30.00/SF
− Vacancy
−$7.2K −$1.80/SF
EGI
$112.8K $28.20/SF
− OpEx
−$42.3K −$10.58/SF
NOI
$70.5K $17.63/SF
Area
Davidson County, TN
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,410,000
Cap Rate 7%
$1,007,143
Cap Rate 9%
$783,333
Alternative Uses
Best Use
Warehouse
$4.84M
$4.24M – $5.65M
NOI $338,984 @ 7.0% cap · market cap 19.94%
Second Best
Mixed Use
$1.01M
$881.3K – $1.18M
NOI $70,500 @ 7.0% cap · market cap 4.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 37076, TN
39,326
Population
19,235
Households
2
Avg Household Size
37
Median Age
40%
College-Educated
95%
High-School Grad
27.8 sq mi
ZIP Area
1,415
Density / Sq Mi
$74,555
Median Household Income
$50,286
Median Earnings
$1,438
Median Rent
$348,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial zoning accommodates both living space and business operations.
Where is this mixed-use property located?
The property is located at 1403 Stewarts Ferry Pike Hermitage, TN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 30x180' covered storage area; 3,000‑square‑foot living quarters with 3 bedrooms, 2 bathrooms, and an office; 30x32' shop with an awning
