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 Market1056
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: Oct 4
Last Checked: Oct 19 at 6:03AM
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
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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 / Yr
$645,482
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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.
