C1-Zoned Flex
For Sale
$295,000
315 Spring St, Carthage, TN 37030
Commercial building with water and sewer service offers a configurable footprint in Carthage.
Property Size2,794 SF
Price / SF$105.58
Days on Market117
Property Features for 315 Spring St
General Information
Standard status
Active
Size
2,794 SF
Property subtype
Commercial
Zoning
C1
Additional Details
Utilities to Site
Yes
Building Details
Building Size
5,304 SF
Year Built
1930
Listing Agency:
Mid Ten Realty
(615) 489-2134
Listed By:
Michael (Woody) Woodard · License #343160
(615) 489-2134
Source:
Spotlightproperties
Added: Apr 8
Changed: Aug 2
Last Checked: Aug 2 at 12:47PM
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 Mid Ten Realty
Investment Insights
Based on property information with market context.
This 2,794-square-foot flex space at 315 Spring St. in Carthage, Tennessee, was built in 1930 and carries C1 zoning. Water and sewer service are in place, supporting the property's stated commercial functionality.
The building is presented as adaptable for retail, office, or small-scale manufacturing use, with the possibility of conversion to multifamily living also identified in the property information. Its existing footprint provides a basis for customization around a business or investment plan.
The building is presented as adaptable for retail, office, or small-scale manufacturing use, with the possibility of conversion to multifamily living also identified in the property information. Its existing footprint provides a basis for customization around a business or investment plan.
Key Highlights
- 2,794 SF commercial building
- C1 zoning
- Water and sewer service in place
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.8k | $10.68 |
| − Vacancy | −$1.2k | −$0.41 |
| EGI | $28.7k | $10.27 |
| − OpEx | −$8.6k | −$3.08 |
| NOI | $20.1k | $7.19 |
2,794 SF · lease $10.68/SF/yr · vacancy 3.86% · expense 30.00%
Alternative Uses
Best Use
Office B
$667.8K
$584.3K – $779.1K
NOI $46,746 @ 7.0% cap · market cap 15.85%
Second Best
Retail
$460.2K
$402.7K – $536.9K
NOI $32,212 @ 7.0% cap · market cap 10.92%
Theoretical Best
Office A
$819.0K
$716.7K – $955.6K
NOI $57,333 @ 7.0% cap · market cap 19.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37030, TN
7,258
Population
3,364
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
85%
High-School Grad
65.0 sq mi
ZIP Area
112
Density / Sq Mi
$57,510
Median Household Income
$39,926
Median Earnings
$918
Median Rent
$226,000
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - Commercial building with water and sewer service offers a configurable footprint in Carthage.
Where is this flex space located?
The property is located at 315 Spring St Carthage, TN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,794 SF commercial building; C1 zoning; Water and sewer service in place
