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    316 Homestead Rd Nashville, TN 37207

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    For Sale
    $1,755,000

    Entitled 1.56-acre site ready for 23 townhomes in East Nashville.

    Property Features for 316 Homestead Rd

    General Information

    Standard status
    Active

    Source: SVN ACCEL COMMERCIAL REAL ESTATE Agent BRIAN TRUMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Nashville Townhome Development Opportunity

    This is an opportunity to develop 23 townhomes on a site of approximately 1.56 acres. The property is located in the East Nashville submarket. The site is fully entitled and shovel-ready, with grading permits already approved. Full architectural, civil, and engineering plans are in place. The property is sold with all surveys, utility plans, environmental/geotech reports, and proformas. Water, sewer, and electrical services are already on site. The CS (Commercial Services) zoning provides flexibility for short-term rental use and other commercial applications, adding an additional layer of income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7632661
    Latitude
    36.2350919

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    FAQs

    What type of property is this?
    Commercial land - Entitled 1.56-acre site ready for 23 townhomes in East Nashville.
    Where is this commercial land located?
    The property is located at 316 Homestead Rd Nashville, TN.
    What is the asking price?
    The asking price for this property is $1,755,000.
    What are key features of this property?
    This property features: - Shovel-ready: Start building immediately with fully entitled grading permits and complete architectural, civil, and engineering plans for 23 townhomes.; - Prime East Nashville location: Situated in a highly desirable submarket.; - Utilities on site: Water, sewer, and electrical services are already available.
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    Realmo Value Estimation

    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.

    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.

    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
    316 Homestead Rd Nashville, TN 37207
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