Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2240 Monticello Dr Nashville, TN 37207

    View on Map
    Sponsored
    Source: https://www.intero.com
    For Sale
    $225,000

    ONE OF FOUR VACANT AND CLEARED 2-Build Infill Lots For Sale

    Property size:
    9,147 SF

    Property Features for 2240 Monticello Dr

    General Information

    Property type
    Residential land & home lots
    Square Feet
    9,147 SF
    Price / Square Foot
    $24
    Elevators
    N/A
    Lot Size
    9,148 SF

    Overview

    Cleared Lot Near Downtown Nashville

    This vacant and cleared infill lot, one of four available, presents an opportunity near the W Trinity Ln Corridor. Zoned RM9-NS, the lot is eligible for up to two homes. A survey and CADs are available. The location offers downtown views from the second and third stories. Water, sewer, and gas connections are available at the street. Sidewalks are not required. The lot is spacious, with potential for front load two-car garages and structures of two to three stories. Footprints of up to 27x60 are possible, with shallow front setbacks required. The location provides access to I-65, Gallatin Pike, and lower Dickerson Rd, and is approximately 5-7 minutes from Downtown, East Nashville, and Germantown. Proximity to the greenway and river enhances the location, with city and skyline views. The lot size is approximately 0.21 acres, or 9147 square feet. Potential house plans and site plans are available.

    We can help!

    Listing Contact
    Intero Headquarters

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    State
    Tennessee
    Longitude
    -86.7849878
    Latitude
    36.2105046

    Nearby Similar for Sale

    • $2,499,999
      3,690 SF

      Prime Music Row Office Space

      3,700 SF commercial office space in historic Music Row.
      1233 17Th Ave S, Nashville, TN 37212
      View Details
    • $6,375,000
      5,474 SF

      Germantown Move-In Ready Office/Multi-Use Building

      Move-in ready office/multi-use building in the heart of Germantown.
      1212 6Th Ave N, Nashville, TN 37208
      View Details
    • $1,590,000
      1,955 SF

      Renovated Commercial Building in Nashville

      Versatile commercial building ideal for various business uses.
      2839 Logan St, Nashville, TN 37211
      View Details
    • $1,350,000
      1,290 SF

      Turn-Key Recording Studio in Nashville

      Fully furnished recording studio in Wedgewood-Houston, ready for its next chapter.
      370 Herron Dr, Nashville, TN 37210
      View Details
    • $1,975,000
      2,240 SF

      Berry Hill Corner Lot Building

      Commercial building on corner lot in developing Berry Hill.
      2799 Bransford Ave, Nashville, TN 37204
      View Details
    • $1,800,000

      Berry Hill Mixed-Use Opportunity

      Two adjacent parcels in Nashville's growing creative district.
      2686 Fessey Ct, Nashville, TN 37204
      View Details
    • $955,000
      4,446 SF

      Renovated Religious Facility For Sale

      Remodeled religious facility with new roof and HVAC unit.
      2597 Whites Creek Pike, Nashville, TN 37207
      View Details
    • $869,000
      2,324 SF

      Turn-Key Nashville Townhome Investment

      Commercially zoned, fully furnished short-term rental in Wedgwood-Houston.
      505 Wedgewood Ave, Nashville, TN 37203
      View Details
    • $4,000,000
      5,623 SF

      Nashville Medical Office Building For Sale

      Medical office building in Nashville's healthcare corridor, ideal for owner-users.
      404 Dr Db Todd Jr Blvd, Nashville, TN 37203
      View Details
    • $549,000
      1,848 SF

      Bellevue Office Park Condominium

      Commercial condo in Bellevue Office Park, Nashville, for sale.
      165 Belle Forest Cir, Nashville, TN 37221
      View Details
    • $6,500,000
      4,744 SF

      Car Dealership on Charlotte Pike

      Car dealership with office and service garage on Charlotte Pike.
      6005 Charlotte Pike, Nashville, TN 37209
      View Details
    • $6,249,000
      12,962 SF

      12,962 SF Two Flex-buildings total 12,962(+) SF with ample parking

      12,962 SF Two Flex-buildings total 12,962(+) SF with ample parking
      2606 Westwood Dr, Nashville, TN 37204
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - ONE OF FOUR VACANT AND CLEARED 2-Build Infill Lots For Sale
    Where is this residential land & home lot located?
    The property is located at 2240 Monticello Dr Nashville, TN.
    What is the asking price?
    The asking price for this property is $225,000.
    (408) 342-8696
    Request Owner's contact information
    2240 Monticello Dr Nashville, TN 37207
    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.
    2240 Monticello Dr
    Nashville, TN 37207
    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
    2240 Monticello Dr Nashville, TN 37207
    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
    Intero Headquarters
    (408) 342-8696
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!