Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    217 Bear Creek Pike Columbia, TN 38401

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,900,000

    Two homes on 4.35 acres zoned for multiple uses.

    Property size:
    4,620 SF
    Lot size:
    4.73 Acres

    Property Features for 217 Bear Creek Pike

    General Information

    Standard status
    Active
    Size
    4,620 SF
    Lot size
    4.73 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Andy Wilhoite
    Source: Corcoran

    Listing Agent: Andy Wilhoite

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two Homes on Large Lot

    This property features two homes on a 4.35-acre double lot, zoned CD4C (Urban-Commercial-Residential Corridor), presenting a significant investment opportunity. The property includes a 2946 sq ft brick home and a separate 1200 sq ft brick home/shop, formerly Sewell's Antiques. The main home, featuring 3 bedrooms and 2 bathrooms, borders Farm Bureau land at the rear. Utilities including water, electric, gas, and city sewer are available on both lots. This unique combination of homes and land is ready for buildout. The sale includes the lot and homes at 217 Bear Creek Pike, as well as a 3.53-acre vacant lot (Tax ID 090 009.09). An additional adjoining acre with all utilities is also available for purchase. The property is not in a flood zone and benefits from high traffic count, with proximity to downtown Columbia, I-65, and the new Dollar Store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Maury
    State
    Tennessee
    Longitude
    -87.00817
    Latitude
    35.636158

    Nearby Similar for Sale

    • $3,750,000
      67,680 SF

      Revitalized Historic Mixed-Use Destination

      Thriving mixed-use destination in Columbia, Tennessee with leasable space.
      101 N James M Campbell Blvd, Columbia, TN 38401
      View Details
    • $7,500,000

      Luxury Equestrian Estate Near Leipers

      Executive estate on 49 acres with equestrian facilities and guest accommodations.
      4325 Cave Springs Rd, Columbia, TN 38401
      View Details
    • $600,000
      4,150 SF

      Versatile Commercial Building in Columbia

      4,150 sq ft commercial/office building in a thriving location.
      509 N High St, Columbia, TN 38401
      View Details
    • $3,400,000

      Unique Horse Ranch with Potential

      Updated horse ranch featuring cross-fenced pastures, barn, and stocked pond.
      1344 Redbud Ln, Columbia, TN 38401
      View Details
    • $329,900
      1,716 SF

      Mixed-Use Property Near Downtown Columbia

      Flexible mixed-use property suitable for business, residential, or investment.
      1503 Carmack Blvd, Columbia, TN 38401
      View Details
    • $795,000
      7,580 SF

      Historic Riverfront Property in Columbia

      Unique riverfront property with development potential in historic downtown Columbia.
      105 E 5Th St, Columbia, TN 38401
      View Details
    • $750,000
      4,926 SF

      Retail Building on Main Street

      Free-standing 4926 sq ft retail building for sale.
      111 Nashville Hwy, Columbia, TN 38401
      View Details
    • $399,900
      1,376 SF

      Sprawling Country Retreat Near Columbia

      Charming 3 bed, 2 bath home on 5.2 acres.
      2190 New Lewisburg Hwy, Columbia, TN 38401
      View Details
    • $269,900

      Country Home on Rolling Hillside

      Three-bedroom home on 1.78 acres, needs some work.
      4107 Trousdale Ln, Columbia, TN 38401
      View Details
    • $2,999,000
      8,022 SF

      Historic Home Bed and Breakfast

      Turn-key, fully furnished 8-bedroom bed and breakfast or private residence.
      109 Blythewood Dr, Columbia, TN 38401
      View Details
    • Contact for pricing
      730,000 SF

      Rail-Served Manufacturing Site in Columbia

      Large manufacturing site with rail access and substantial power capacity.
      1955 Hampshire Pike, Columbia, TN 38401
      View Details
    • $845,000

      Farmhouse with Studio Apartment and Barn

      Farmhouse on 8 acres with barn and studio apartment.
      4748 Old Sowell Mill Pike, Columbia, TN 38401
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two homes on 4.35 acres zoned for multiple uses.
    Where is this mixed-use property located?
    The property is located at 217 Bear Creek Pike Columbia, TN.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Two Homes on 4.35 Acres Zoned CD4C (Urban-Commercial-Residential Corridor) - Great Investment Potential.; - 2946 sq ft Brick Home plus a Separate 1200 sq ft Brick Home/Shop.; - Includes an Additional 3.53 Acre Vacant Lot (Tax ID 090 009.09).
    (615) 302-3213
    Request Owner's contact information
    217 Bear Creek Pike Columbia, TN 38401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    217 Bear Creek Pike
    Columbia, TN 38401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    217 Bear Creek Pike Columbia, TN 38401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andy Wilhoite
    (615) 302-3213
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.