Commercial Property on Harley Davidson
For Sale
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1616 Harley Davidson Blvd, Columbia, TN 38401
Versatile commercial property with high visibility and strategic location.
Property Size38,580 SF
Lot Size5.28 Acres
Price / SF$298.08
Days on Market1011
Property Features for 1616 Harley Davidson Blvd
General Information
Standard status
Active
Size
38,580 SF
Lot size
5.28 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
Commercial
Building Details
Year Built
2008
Buildings
1
Stories
1
Listing Agency:
KW Commercial
Listed By:
Jenny Adcox · License #TN 332169
(615) 302-5152
Source:
Crexi
Added: Nov 29, 2023
Changed: Sep 2
Last Checked: Sep 3 at 6:17AM
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
Investment Insights
Based on property information with market context.
Located at 1616 Harley Davidson Blvd in Columbia, TN, this commercial property offers a substantial opportunity for business development. The property, situated in Maury County, features a 38,580 sq ft building on 5.28 acres. Its location provides road frontage along Interstate 65, offering visibility and access. The property is approximately 39 miles from Nashville. The location provides connectivity to Interstates I-65, I-24, and I-40, which facilitates distribution, logistics, and transportation access.
Key Highlights
- Prime commercial location with road frontage along Interstate 65 for high visibility and easy access.
- Large 38,580 sq ft building on 5.28 acres suitable for various business needs.
- Strategic location between Nashville and Huntsville.
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
$645,482
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
5.61%
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%
$12,909,640
$12.9M
Cap Rate 7%
$9,221,171
$9.2M
Cap Rate 9%
$7,172,022
$7.2M
Market Conditions
NOI Build-Up for 38,580 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
$1.02M $26.40/SF
− Vacancy
−$157.9K −$4.09/SF
EGI
$860.6K $22.31/SF
− OpEx
−$215.2K −$5.58/SF
NOI
$645.5K $16.73/SF
Area
Maury County, TN
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$12,909,640
Cap Rate 7%
$9,221,171
Cap Rate 9%
$7,172,022
Alternative Uses
Best Use
Office B
$9.22M
$8.07M – $10.76M
NOI $645,482 @ 7.0% cap · market cap 5.61%
Second Best
Retail
$8.52M
$7.46M – $9.95M
NOI $596,707 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$11.31M
$9.90M – $13.19M
NOI $791,662 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 38401, TN
63,075
Population
28,470
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
296.7 sq mi
ZIP Area
213
Density / Sq Mi
$69,467
Median Household Income
$42,314
Median Earnings
$1,084
Median Rent
$295,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial property with high visibility and strategic location.
Where is this mixed-use property located?
The property is located at 1616 Harley Davidson Blvd Columbia, TN.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Prime commercial location with road frontage along Interstate 65 for **high visibility and easy access**.; Large **38,580 sq ft building** on 5.28 acres suitable for various business needs.; Strategic location between Nashville and Huntsville.
