Auto Sales Property with Three
1492 GALLATIN PIKE N, Madison, TN 37115
For Sale
Contact for pricing
Industrial Warehouse and Distribution zoning includes automobile sales among its permitted uses.
Property Size3,470 SF
Lot Size0.67 Acres
Price / SF$835.45
Days on Market19
Property Features for 1492 GALLATIN PIKE N
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Fenced Yard
Automotive
Service Bays
Automotive Uses
Additional Details
Asking Price
Real Estate Included
Amenities
pole sign
signalized intersection
multiple entry points
Building Details
Buildings
Listing Agency:
Beachwood Commercial Real Estate Brokerage
Listed By:
Beau Beach, MBA CCIM · License #Multiple States
(615) 603-9770
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 4:44PM
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 Beachwood Commercial Real Estate Brokerage
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Investment Insights
Based on property information with market context.
The combined offering brings together 1492 Gallatin Pike N and 113 Edenwold Road on 0.67 acres. Three buildings serve distinct functions: a 1,040-square-foot sales trailer, a 750-square-foot two-bay garage, and a 1,680-square-foot former residence converted to office space. The site is fully fenced and has three entry points at a signalized intersection.
Zoned Industrial Warehouse and Distribution (IWD), the property allows automobile sales, auto leasing, and automobile service and repair, along with other listed commercial and industrial uses.
Zoned Industrial Warehouse and Distribution (IWD), the property allows automobile sales, auto leasing, and automobile service and repair, along with other listed commercial and industrial uses.
Key Highlights
- Three‑building property totaling 3,470 square feet across 0.67 acres
- 1,040‑square‑foot car sales trailer
- 750‑square‑foot, two‑bay garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$248,613
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,972,260
$5.0M
Cap Rate 7%
$3,551,614
$3.6M
Cap Rate 9%
$2,762,367
$2.8M
Market Conditions
NOI Build-Up for 3,470 SF
Gross rent
$372.7K $107.40/SF
− Vacancy
−$17.5K −$5.05/SF
EGI
$355.2K $102.35/SF
− OpEx
−$106.5K −$30.71/SF
NOI
$248.6K $71.65/SF
Area
Davidson County, TN
Vacancy
4.70%
Lease Rate
$107.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,972,260
Cap Rate 7%
$3,551,614
Cap Rate 9%
$2,762,367
Alternative Uses
Best Use
Industrial
$3.55M
$3.11M – $4.14M
NOI $248,613 @ 7.0% cap · market cap 8.58%
Second Best
Retail
$593.4K
$519.2K – $692.3K
NOI $41,536 @ 7.0% cap · market cap 1.43%
Theoretical Best
Warehouse
$4.20M
$3.68M – $4.90M
NOI $294,069 @ 7.0% cap · market cap 10.14%
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
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Current Use
Lease Details
2
Service bays
36,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
140k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 35%
Shops & Services 23%
Home Improvements & Furnishings 20%
Dining 16%
T.J. Maxx
Apparel
41,333 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
27,722 visits/mo
0.4 miles
Outback Steakhouse
Dining
11,677 visits/mo
0.3 miles
dd's DISCOUNTS
Shops & Services
10,221 visits/mo
0.3 miles
SONIC Drive In
Dining
7,847 visits/mo
0.3 miles
Demographics for 37115, TN
39,821
Population
19,845
Households
2
Avg Household Size
37
Median Age
23%
College-Educated
82%
High-School Grad
21.5 sq mi
ZIP Area
1,852
Density / Sq Mi
$53,034
Median Household Income
$37,215
Median Earnings
$1,263
Median Rent
$271,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1107 Gallatin Pike N, Madison, TN 37115, United States
- Pronto Rent-A-Car — 1201 Gallatin Pike N, Madison, TN 37115
- U-Haul Storage of Rivergate — 1476 Gallatin Pike N, Madison, TN 37115
- U-Haul Moving & Storage of Rivergate — 1515 gallatin pike n, madison, tn 37115
- Trailer Rental at U-Haul — 1515 Gallatin Pike N, Madison, TN 37115
Frequently Asked Questions
What type of property is this?
Automotive property - Industrial Warehouse and Distribution zoning includes automobile sales among its permitted uses.
Where is this automotive property located?
The property is located at 1492 GALLATIN PIKE N Madison, TN.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: Three‑building property totaling 3,470 square feet across 0.67 acres; 1,040‑square‑foot car sales trailer; 750‑square‑foot, two‑bay garage
