Furnished Short-Term Rental
For Sale
$324,900
209 Campus Dr, Hendersonville, TN 37075
Furnished space with a kitchenette, full bath, bedroom, and great room.
Property Size775 SF
Price / SF$419.23
Days on Market53
Property Features for 209 Campus Dr
General Information
Standard status
Active
Size
775 SF
Additional Details
Furnished
Yes
Building Details
Year Built
2016
Listing Agency:
RE/MAX Choice Properties
Listed By:
Marlon Campbell 6153978754 · License #251916
(615) 397-8754
Source:
Northnashvillehomes4sale
Added: Sep 3
Changed: Oct 23
Last Checked: Oct 24 at 5:51PM
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 RE/MAX Choice Properties
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Investment Insights
Based on property information with market context.
Built in 2016, this furnished short-term rental property at 209 Campus Dr in Hendersonville includes a kitchenette, full bathroom, bedroom, and great room. The property is a legal Airbnb and has previously served as an insurance company office.
The layout supports residential or rental use, including long-term or short-term occupancy. An attic may be finished to add footage, subject to the City of Hendersonville. Parking is available on site, with handicap parking at the rear and required code work completed.
The layout supports residential or rental use, including long-term or short-term occupancy. An attic may be finished to add footage, subject to the City of Hendersonville. Parking is available on site, with handicap parking at the rear and required code work completed.
Key Highlights
- Legal Airbnb with furnished interior
- Kitchenette, full bath, bedroom, and great room
- Attic may be finished for additional footage per the City of Hendersonville
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,967
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,340
$259.3K
Cap Rate 7%
$185,243
$185.2K
Cap Rate 9%
$144,078
$144.1K
Market Conditions
NOI Build-Up for 775 SF
Gross rent
$20.5K $26.40/SF
− Vacancy
−$3.2K −$4.09/SF
EGI
$17.3K $22.31/SF
− OpEx
−$4.3K −$5.58/SF
NOI
$13.0K $16.73/SF
Area
Sumner 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%
$259,340
Cap Rate 7%
$185,243
Cap Rate 9%
$144,078
Alternative Uses
Best Use
Office B
$185.2K
$162.1K – $216.1K
NOI $12,967 @ 7.0% cap · market cap 3.99%
Second Best
Mixed Use
$134.5K
$117.7K – $156.9K
NOI $9,416 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$271.3K
$237.4K – $316.5K
NOI $18,989 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
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Business Placement
Demographics for 37075, TN
71,023
Population
29,600
Households
2.4
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
59.0 sq mi
ZIP Area
1,204
Density / Sq Mi
$97,597
Median Household Income
$50,323
Median Earnings
$1,552
Median Rent
$403,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished space with a kitchenette, full bath, bedroom, and great room.
Where is this short term rental property located?
The property is located at 209 Campus Dr Hendersonville, TN.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Legal Airbnb with furnished interior; Kitchenette, full bath, bedroom, and great room; Attic may be finished for additional footage per the City of Hendersonville
