Updated Brick
For Sale
$379,000
211 Hunter Dr, Columbia, TN 38401
Each residence offers two bedrooms, one bathroom, and private outdoor space.
Property Size2,102 SF
Price / SF$180.30
Days on Market19
Property Features for 211 Hunter Dr
General Information
Standard status
Active
Size
2,102 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,250
Taxes and HOA fees
Annual Taxes
$3,244
Amenities
private driveway
backyard
private patio
storage shed
Building Details
Buildings
1
Construction
brick
Listing Agency:
Steve Cothran Realty, LLC
(615) 496-7425
Listed By:
Richard M. Dickson
(615) 496-7425
Source:
Exprealty
Added: Aug 4
Changed: Aug 20
Last Checked: Aug 21 at 9:11AM
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 Steve Cothran Realty, LLC
Investment Insights
Based on property information with market context.
This 2,102-square-foot duplex contains two residences, with 1,050 square feet per unit. Each side includes two bedrooms and one bathroom, along with a private driveway, backyard, patio, and storage shed. The all-brick building received a complete interior rehabilitation and a new roof 6 years ago.
The property is located minutes from Maury Regional Hospital in Columbia, Tennessee. Separate outdoor areas and storage support practical day-to-day use for both residences, while the two-unit layout provides flexibility for an owner-occupant or separate residential tenancy.
The property is located minutes from Maury Regional Hospital in Columbia, Tennessee. Separate outdoor areas and storage support practical day-to-day use for both residences, while the two-unit layout provides flexibility for an owner-occupant or separate residential tenancy.
Key Highlights
- 2,102‑square‑foot duplex with two 1,050‑square‑foot units
- Each unit includes 2 bedrooms and 1 bathroom
- All‑brick construction with a new roof installed 6 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,539
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,780
$410.8K
Cap Rate 7%
$293,414
$293.4K
Cap Rate 9%
$228,211
$228.2K
Market Conditions
NOI Build-Up for 2,102 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.8K $14.16/SF
− Vacancy
−$423 −$0.20/SF
EGI
$29.3K $13.96/SF
− OpEx
−$8.8K −$4.19/SF
NOI
$20.5K $9.77/SF
Area
Maury County, TN
Vacancy
1.42%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,780
Cap Rate 7%
$293,414
Cap Rate 9%
$228,211
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.7K – $342.3K
NOI $20,539 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$255.7K
$223.8K – $298.4K
NOI $17,901 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$616.2K
$539.2K – $718.9K
NOI $43,133 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
95
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, and private outdoor space.
Where is this duplex located?
The property is located at 211 Hunter Dr Columbia, TN.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 2,102‑square‑foot duplex with two 1,050‑square‑foot units; Each unit includes 2 bedrooms and 1 bathroom; All‑brick construction with a new roof installed 6 years ago
