Adjacent Mixed-Use
207 Gifford Pl, Joelton, TN 37080
For Sale
Contact for pricing
Two neighboring spaces accommodate retail, office, or medical use and may be joined into one larger suite.
Property Size1,500 SF
Price / SF$1.00
Days on Market46
Property Features for 207 Gifford Pl
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Weichert, REALTORS - Big Dog Group
(615) 799-9494
Listed By:
Jon Cherry · License #217605
(615) 533-8266
Source:
Victoryrealtytn
Added: Sep 23
Changed: Nov 6
Last Checked: Nov 6 at 10:35AM
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 Weichert, REALTORS - Big Dog Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two adjoining commercial suites offer 1,500 square feet apiece, with the option to connect them for a combined 3,000-square-foot space. The property supports retail, office, and medical configurations. The building was constructed in 1989.
Key Highlights
- Two adjacent suites, each measuring 1,500 square feet
- Suites can be combined for 3,000 square feet
- Retail, office, or medical space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,955
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,100
$359.1K
Cap Rate 7%
$256,500
$256.5K
Cap Rate 9%
$199,500
$199.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$25.7K $17.10/SF
− OpEx
−$7.7K −$5.13/SF
NOI
$18.0K $11.97/SF
Area
Davidson County, TN
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,100
Cap Rate 7%
$256,500
Cap Rate 9%
$199,500
Alternative Uses
Best Use
Mixed Use
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 1,762.53%
Second Best
Office B
$358.5K
$313.7K – $418.3K
NOI $25,097 @ 7.0% cap · market cap 1,673.13%
Theoretical Best
Warehouse
$1.82M
$1.59M – $2.12M
NOI $127,119 @ 7.0% cap · market cap 8,474.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 37080, TN
7,429
Population
3,322
Households
2.2
Avg Household Size
47
Median Age
21%
College-Educated
86%
High-School Grad
49.1 sq mi
ZIP Area
151
Density / Sq Mi
$78,151
Median Household Income
$43,855
Median Earnings
$1,123
Median Rent
$325,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Davidson County, TN
Properties on Market for Mixed-use properties in Davidson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two neighboring spaces accommodate retail, office, or medical use and may be joined into one larger suite.
Where is this mixed-use property located?
The property is located at 207 Gifford Pl Joelton, TN.
What are key features of this property?
This property features: Two adjacent suites, each measuring 1,500 square feet; Suites can be combined for 3,000 square feet; Retail, office, or medical space
