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    Nashville Infill Redevelopment Opportunity Title is generated by Realmo AI

    2700 Greystone Rd, Nashville, TN 37204

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    For Sale
    $1,700,000

    Prime site for mixed-use redevelopment in a growing Nashville submarket.

    Type:Commercial
    Property size:
    15,681 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $108/SF
    Added:
    Jan 22, 2026
    Days on Market:
    133
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 2700 Greystone Rd

    General Information

    Standard status
    Active
    Size
    15,681 SF
    Lot size
    0.26 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1951

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    Listing Contact
    MATTHEW (MATT) DAVIS

    Listing agent MATTHEW (MATT) DAVIS

    Listing office WILSON GROUP REAL ESTATE

    Listing date Jan 22, 2026

    Source Corcoran

    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 WILSON GROUP REAL ESTATE

    HighLights

    • Prime infill site in rapidly growing Nashville submarket suitable for 3‑4 story mixed‑use redevelopment.
    • Strong upside potential for developers targeting condo sellout or mixed‑use rental hold.
    • Preliminary site plan supports 47 residential units plus ground‑floor retail.
    • Flexible exit strategies: condo sellout, boutique multifamily rental, or repositioned mixed‑use asset.
    • Projected exit of ~$20M at base case condo pricing ($575/SF).
    • Adjacent office also available for purchase, adding an additional .26 acres.

    Overview

    This property presents a redevelopment opportunity in Nashville, with potential for a 3–4 story mixed-use development. A preliminary site plan suggests the possibility of constructing 47 residential units along with ground-floor retail space. The site is offered at a total cost of $4,000,000, presenting a strong upside for developers interested in condo sellout or mixed-use rental holdings. The conceptual program outlines approximately 40,280 square feet gross, with around 32,000 rentable square feet for residential use and 8,000–10,000 square feet for retail. The unit mix could include studios, one-bedroom, and two-bedroom formats. The location is in a rapidly growing Nashville submarket characterized by strong demographics, new infill residential developments, and demand for boutique condo/retail offerings. At a base case condo pricing of $575 per square foot, a projected exit of approximately $20 million is anticipated. An upside scenario with pricing between $625 and $650 per square foot could support a 20%+ IRR for equity investors. The property allows for flexible exit strategies, functioning as a condo sellout, boutique multifamily rental, or repositioned mixed-use asset. The property size is 15,681 square feet. Adjacent office at 2702 Greystone is also available for purchase adding an additional 0.26 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7682
    Latitude
    36.1196

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    FAQs

    What type of property is this?
    Commercial land - Prime site for mixed-use redevelopment in a growing Nashville submarket.
    Where is this commercial land located?
    The property is located at 2700 Greystone Rd Nashville, TN.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Prime infill site in rapidly growing Nashville submarket suitable for 3‑4 story mixed‑use redevelopment.; Strong upside potential for developers targeting condo sellout or mixed‑use rental hold.; Preliminary site plan supports 47 residential units plus ground‑floor retail.
    (615) 385-1414
    We can help!
    Listing Contact
    MATTHEW (MATT) DAVIS
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    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.

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