Strip Mall with Long-Term
For Sale
$2,000,000
149 Raymond Hirsch Pkwy, White House, TN 37188
The White House property is near a medical complex and Publix, with OP zoning.
Property Size4,950 SF
Price / SF$404.04
Days on Market10
Property Features for 149 Raymond Hirsch Pkwy
General Information
Standard status
Active
Size
4,950 SF
Property subtype
Commercial
Zoning
OP
Additional Details
Tenant in Place
Yes
Building Details
Building Size
4,950 SF
Year Built
2003
Listing Agency:
Concord Realty
(931) 716-0330
Listed By:
Richard "Reasons" Garrett · License #322935
(931) 378-0500
Source:
Concordrealty
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 23 at 4:07PM
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 Concord Realty
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Investment Insights
Based on property information with market context.
This 4,950-square-foot strip mall at 149 Raymond Hirsch Pkwy in White House, Tennessee, was built in 2003. Long-term leases are in place, and the property is zoned OP.
The site is adjacent to a medical complex and near Publix, within White House.
The site is adjacent to a medical complex and near Publix, within White House.
Key Highlights
- 4,950‑square‑foot retail property
- Long‑term leases in place
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,069
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,380
$1.1M
Cap Rate 7%
$815,271
$815.3K
Cap Rate 9%
$634,100
$634.1K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$89.1K $18.00/SF
− Vacancy
−$7.6K −$1.53/SF
EGI
$81.5K $16.47/SF
− OpEx
−$24.5K −$4.94/SF
NOI
$57.1K $11.53/SF
Area
Robertson County, TN
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,380
Cap Rate 7%
$815,271
Cap Rate 9%
$634,100
Alternative Uses
Best Use
Retail
$815.3K
$713.4K – $951.2K
NOI $57,069 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,574 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
174k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 24%
Dining 24%
Home Improvements & Furnishings 11%
Kroger
Groceries
42,606 visits/mo
0.3 miles
Kroger Fuel Center
Shops & Services
17,309 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,272 visits/mo
0.2 miles
Speedway
Shops & Services
13,199 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,443 visits/mo
0.3 miles
Demographics for 37188, TN
16,281
Population
6,815
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
92%
High-School Grad
30.7 sq mi
ZIP Area
530
Density / Sq Mi
$87,412
Median Household Income
$48,556
Median Earnings
$1,394
Median Rent
$305,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - The White House property is near a medical complex and Publix, with OP zoning.
Where is this strip mall located?
The property is located at 149 Raymond Hirsch Pkwy White House, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 4,950‑square‑foot retail property; Long‑term leases in place; Built in 2003
