Brick
New
For Sale
$579,615
314 Lorna Dr, Nashville, TN 37214
Two separate residences offer flexible occupancy and leasing arrangements.
Property Size1,912 SF
Lot Size0.36 Acres
Price / SF$303.15
Days on Market7
Property Features for 314 Lorna Dr
General Information
Standard status
Active
Size
1,912 SF
Lot size
0.36 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1969
Buildings
1
Construction
brick
Listing Agency:
EXIT Prime Realty
Listed By:
Johnny Roberts 6155801220 · License #336169
(615) 580-1220
Source:
Nashvillehouses
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 26 at 7:16AM
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 EXIT Prime Realty
Investment Insights
Based on property information with market context.
This 1969 all-brick duplex contains approximately 1,912 square feet on a 0.36-acre lot. Its two living spaces have different layouts: one includes two bedrooms and one bath, while the other has three bedrooms and one bath with updated finishes. The property can accommodate short- or long-term rental use.
The home is in Donelson, minutes from BNA, I-40, Briley Parkway, shopping and dining. Downtown Nashville is approximately 10–12 minutes away.
The home is in Donelson, minutes from BNA, I-40, Briley Parkway, shopping and dining. Downtown Nashville is approximately 10–12 minutes away.
Key Highlights
- Two living spaces in an all‑brick duplex
- Approximately 1,912 square feet on a 0.36‑acre lot
- One residence has 2 bedrooms and 1 bath; the other has 3 bedrooms and 1 bath with updated finishes
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
$24,265
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
4.19%
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%
$485,300
$485.3K
Cap Rate 7%
$346,643
$346.6K
Cap Rate 9%
$269,611
$269.6K
Market Conditions
NOI Build-Up for 1,912 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
$37.2K $19.44/SF
− Vacancy
−$2.5K −$1.31/SF
EGI
$34.7K $18.13/SF
− OpEx
−$10.4K −$5.44/SF
NOI
$24.3K $12.69/SF
Area
ZIP 37214
Vacancy
6.74%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
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%
$485,300
Cap Rate 7%
$346,643
Cap Rate 9%
$269,611
Alternative Uses
Best Use
Multifamily LT 5
$346.6K
$303.3K – $404.4K
NOI $24,265 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$318.2K
$278.4K – $371.2K
NOI $22,274 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$495.6K
$433.6K – $578.2K
NOI $34,691 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 37214, TN
30,480
Population
15,526
Households
2
Avg Household Size
38
Median Age
46%
College-Educated
93%
High-School Grad
21.9 sq mi
ZIP Area
1,392
Density / Sq Mi
$71,969
Median Household Income
$48,583
Median Earnings
$1,567
Median Rent
$315,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible occupancy and leasing arrangements.
Where is this duplex located?
The property is located at 314 Lorna Dr Nashville, TN.
What is the asking price?
The asking price for this property is $579,615.
What are key features of this property?
This property features: Two living spaces in an all‑brick duplex; Approximately 1,912 square feet on a 0.36‑acre lot; One residence has 2 bedrooms and 1 bath; the other has 3 bedrooms and 1 bath with updated finishes
