Commercial Land with Livable
For Sale
$495,000
2013 Manchester Ave, Nashville, TN 37218
Commercial land with a livable home, potential for various uses.
Property Size1,678 SF
Price / SF$294.99
Days on Market151
Property Features for 2013 Manchester Ave
General Information
Standard status
Active
Size
1,678 SF
Building Details
Year Built
1930
Listing Agency:
Mark Spain Real Estate
Listed By:
Tracy Baker
(770) 866-9000
Source:
Dreamdoorstn
Added: May 13
Changed: Sep 18
Last Checked: Oct 7 at 3:35PM
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 Mark Spain Real Estate
Investment Insights
Based on property information with market context.
This property is zoned Commercial Limited, offering a wide variety of potential uses for investors, developers, or owner-users. The existing 1,678 square foot home is livable, offering immediate use, rental potential, or a live/work opportunity. It is located approximately 5 miles from Music Row. The home is being sold "as-is". Buyer and Buyer’s Agent are responsible for verifying all pertinent information.
Key Highlights
- Zoned Commercial Limited, offering a wide variety of potential uses.
- Ideally located just 5 miles from the heart of Music Row.
- Existing livable home provides immediate use or rental potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,011
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,220
$420.2K
Cap Rate 7%
$300,157
$300.2K
Cap Rate 9%
$233,456
$233.5K
Market Conditions
NOI Build-Up for 1,678 SF
Gross rent
$35.2K $21.00/SF
− Vacancy
−$7.2K −$4.31/SF
EGI
$28.0K $16.70/SF
− OpEx
−$7.0K −$4.17/SF
NOI
$21.0K $12.52/SF
Area
Nashville, TN
Vacancy
20.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,220
Cap Rate 7%
$300,157
Cap Rate 9%
$233,456
Alternative Uses
Best Use
Office B
$300.2K
$262.6K – $350.2K
NOI $21,011 @ 7.0% cap · market cap 4.24%
Second Best
Mixed Use
$291.3K
$254.9K – $339.8K
NOI $20,388 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$427.2K
$373.8K – $498.4K
NOI $29,902 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 37218, TN
14,875
Population
6,497
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
39.0 sq mi
ZIP Area
381
Density / Sq Mi
$59,073
Median Household Income
$38,726
Median Earnings
$1,368
Median Rent
$295,400
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 Nashville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial land with a livable home, potential for various uses.
Where is this mixed-use property located?
The property is located at 2013 Manchester Ave Nashville, TN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Zoned Commercial Limited, offering a wide variety of potential uses.; Ideally located just 5 miles from the heart of Music Row.; Existing livable home provides immediate use or rental potential.
