Two-Building Mixed-Use
2400 Highland Ave, Columbia, TN 38401
For Sale
$995,000
A vacant front structure and a rear building arranged for childcare provide distinct configurations across the site.
Property Size6,600 SF
Lot Size1.02 Acres
Price / SF$150.76
Days on Market126
Property Features for 2400 Highland Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Highway Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass RE
(615) 475-5616
Listed By:
Jamie Brandenburg · License #344013
(615) 487-2100
Source:
Concordrealty
Added: Jul 7
Changed: Nov 7
Last Checked: Nov 8 at 8:34PM
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 Compass RE
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Investment Insights
Based on property information with market context.
At 2400 Highland Avenue, this mixed-use property comprises two buildings with a combined 6,600 square feet on 1.02 acres. The front building, approximately 2,400 square feet, is vacant; the rear building, approximately 4,200 square feet, is configured for childcare. Large open rooms and adaptable floor plans are present in both structures. The site has 42 marked parking spaces, including two ADA spaces, and is zoned CD4C.
The property is in Columbia, approximately 1.7 miles from Downtown Columbia, 3.5 miles from US-412, and 6.5 miles from I-65. The buildings date to 2000.
The property is in Columbia, approximately 1.7 miles from Downtown Columbia, 3.5 miles from US-412, and 6.5 miles from I-65. The buildings date to 2000.
Key Highlights
- Two buildings totaling 6,600 square feet on 1.02 acres
- Front building of approximately 2,400 square feet is vacant
- Rear building of approximately 4,200 square feet is arranged for childcare
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,846
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,920
$1.2M
Cap Rate 7%
$854,943
$854.9K
Cap Rate 9%
$664,956
$665.0K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$103.0K $15.60/SF
− Vacancy
−$7.2K −$1.09/SF
EGI
$95.8K $14.51/SF
− OpEx
−$35.9K −$5.44/SF
NOI
$59.8K $9.07/SF
Area
Maury County, TN
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,920
Cap Rate 7%
$854,943
Cap Rate 9%
$664,956
Alternative Uses
Best Use
Mixed Use
$854.9K
$748.1K – $997.4K
NOI $59,846 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,180 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant front structure and a rear building arranged for childcare provide distinct configurations across the site.
Where is this mixed-use property located?
The property is located at 2400 Highland Ave Columbia, TN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two buildings totaling 6,600 square feet on 1.02 acres; Front building of approximately 2,400 square feet is vacant; Rear building of approximately 4,200 square feet is arranged for childcare
