East Nashville Development
For Sale
$3,500,000
2201 Dickerson Pike, Nashville, TN 37207
Commercial corner lot in growing East Nashville intersection.
Property Size35,000 SF
Price / SF$100
Days on Market483
Property Features for 2201 Dickerson Pike
General Information
Standard status
Active
Size
35,000 SF
Listing Agency:
BENCHMARK REALTY, LLC
Listed By:
CATHERINE ANDREWS · License #263198
(615) 371-1544
Source:
Corcoran
Added: May 16, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 BENCHMARK REALTY, LLC
Investment Insights
Based on property information with market context.
This commercial corner property, situated in the Talbots Corner neighborhood, presents a development opportunity in East Nashville. The 0.82 +/- acre lot is located at the signalized intersection of Dickerson Pike and E Trinity Lane, offering direct access and frontage on both streets. The site benefits from two curb cuts, new sidewalks, storm water management, sewer access, and all utilities. The surrounding area features single-family and multi-family developments. Its location provides accessibility to I-24 and I-65, placing it in close proximity to the new Oracle Campus and within minutes of downtown Nashville. The property is suitable for restaurant or retail development.
Key Highlights
- Signalized corner lot (0.82 +/- Acres) at growing intersection.
- Prime commercial development opportunity in East Nashville.
- Utilities in place: storm water, sewer, all utilities.
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
$317,407
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
9.07%
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%
$6,348,140
$6.3M
Cap Rate 7%
$4,534,386
$4.5M
Cap Rate 9%
$3,526,744
$3.5M
Market Conditions
NOI Build-Up for 35,000 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
$453.6K $12.96/SF
− Vacancy
−$30.4K −$0.87/SF
EGI
$423.2K $12.09/SF
− OpEx
−$105.8K −$3.02/SF
NOI
$317.4K $9.07/SF
Area
ZIP 37207
Vacancy
6.70%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
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%
$6,348,140
Cap Rate 7%
$4,534,386
Cap Rate 9%
$3,526,744
Alternative Uses
Best Use
Specialty Retail
$4.53M
$3.97M – $5.29M
NOI $317,407 @ 7.0% cap · market cap 9.07%
Second Best
Retail
$4.23M
$3.70M – $4.94M
NOI $296,246 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$10.01M
$8.76M – $11.68M
NOI $700,976 @ 7.0% cap · market cap 20.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Groceries 25%
Shops & Services 17%
SONIC Drive In
Dining
11,233 visits/mo
0.2 miles
Krystal
Dining
11,167 visits/mo
0.0 miles
Piggly Wiggly
Groceries
9,507 visits/mo
0.2 miles
Marathon
Shops & Services
5,952 visits/mo
0.4 miles
Jackson Hewitt Tax Service
Shops & Services
631 visits/mo
0.2 miles
Demographics for 37207, TN
38,719
Population
18,698
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
2,006
Density / Sq Mi
$60,102
Median Household Income
$38,115
Median Earnings
$1,200
Median Rent
$332,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Nashville, TN
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Frequently Asked Questions
What type of property is this?
Restaurant - Commercial corner lot in growing East Nashville intersection.
Where is this restaurant located?
The property is located at 2201 Dickerson Pike Nashville, TN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Signalized corner lot (0.82 +/- Acres) at growing intersection.; Prime commercial development opportunity in East Nashville.; Utilities in place: storm water, sewer, all utilities.
