Building Details

Building Size 13,100 SF

Listing Agency: Underwood Hometown Realty, LLC

Listed By: Robin Underwood · License #348494 Show Phone

Source: Evrealestate

Added: Oct 21 Changed: Oct 23 Last Checked: Oct 23 at 3:19PM

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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 Underwood Hometown Realty, LLC

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Investment Insights

Based on property information with market context.

This self-storage property is located at 168 Gordonsville Hwy in Carthage, Tennessee, and is zoned C-2.

From Nashville, take exit 258 toward TN-53/Carthage/Gordonsville, then turn left onto Gordonsville Hwy. The property is 3.2 miles along the highway, on the left.

Key Highlights

• C‑2 zoning
• 168 Gordonsville Hwy, Carthage, TN 37030
• 3.2 mi along Gordonsville Hwy (TN‑53) from exit 258

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$125,893

Cap Rate

9.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,517,860 $2.5M

Cap Rate 7%

$1,798,471 $1.8M

Cap Rate 9%

$1,398,811 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,100 SF

Gross rent

$154.1K $11.76/SF

− Vacancy

−$5.9K −$0.45/SF

EGI

$148.1K $11.31/SF

− OpEx

−$22.2K −$1.70/SF

NOI

$125.9K $9.61/SF

Area

Smith County, TN

Vacancy

3.86%

Lease Rate

$11.76 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,517,860

Cap Rate 7%

$1,798,471

Cap Rate 9%

$1,398,811

Alternative Uses

Best Use

Self Storage

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,672 @ 7.0% cap · market cap 9.34%

Second Best

Warehouse

$1.80M

$1.57M – $2.10M (±1% cap)

NOI $125,893 @ 7.0% cap · market cap 9.00%

Theoretical Best

Office A

$3.84M

$3.36M – $4.48M (±1% cap)

NOI $268,812 @ 7.0% cap · market cap 19.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Hwy 53 Mini ... Storage Facility

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Explore this area Business Placement

Demographics for 37030, TN

7,258

Population

3,364

Households

2.2

Avg Household Size

41

Median Age

20%

College-Educated

85%

High-School Grad

65.0 sq mi

ZIP Area

112

Density / Sq Mi

$57,510

Median Household Income

$39,926

Median Earnings

$918

Median Rent

$226,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

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Frequently Asked Questions

What type of property is this?

Self storage facility - The property carries C-2 zoning in Carthage.

Where is this self storage facility located?

The property is located at 168 Gordonsville Hwy Carthage, TN.

What is the asking price?

The asking price for this property is $1,399,000.

What are key features of this property?

This property features: C‑2 zoning; 168 Gordonsville Hwy, Carthage, TN 37030; 3.2 mi along Gordonsville Hwy (TN‑53) from exit 258