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Listing Agency: Keller Williams Realty

Listed By: Michael Sohr · License #TN Show Phone

Source: Kw

Added: Jul 7, 2025 Changed: Oct 15 Last Checked: Oct 14 at 10:31PM

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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 Keller Williams Realty

Investment Insights

Based on property information with market context.

This mixed-use property includes a house and a detached 30' X 60' shop constructed by the owner for business operations. The shop is heated and cooled, with a bathroom, high ceilings, and a clear-span interior. A garage door, two pedestrian doors, and a carport support flexible access and use. The poured concrete foundation, driveway, and floor system are reinforced.

The property encompasses just over 1 acre at 317 Willard Dr in Nashville, Tennessee. Water is available, and a security system is included. The residence and shop are being offered together in their existing condition, with the house identified for renovation or removal.

Key Highlights

• 30' X 60' heated and cooled shop with bathroom
• Clear‑span interior with high ceilings
• Garage door, two pedestrian doors, and carport

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,630

Cap Rate

5.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$372,600 $372.6K

Cap Rate 7%

$266,143 $266.1K

Cap Rate 9%

$207,000 $207.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$32.4K $18.00/SF

− Vacancy

−$2.6K −$1.44/SF

EGI

$29.8K $16.56/SF

− OpEx

−$11.2K −$6.21/SF

NOI

$18.6K $10.35/SF

Area

ZIP 37211

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$372,600

Cap Rate 7%

$266,143

Cap Rate 9%

$207,000

Alternative Uses

Best Use

Mixed Use

$266.1K

$232.9K – $310.5K (±1% cap)

NOI $18,630 @ 7.0% cap · market cap 5.18%

Second Best

Flex RnD

$190.5K

$166.7K – $222.3K (±1% cap)

NOI $13,338 @ 7.0% cap · market cap 3.71%

Theoretical Best

Office A

$527.7K

$461.7K – $615.6K (±1% cap)

NOI $36,936 @ 7.0% cap · market cap 10.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Spa & Massage Center Real Estate Agency Hair Salon Nail Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

443

Businesses Nearby

Explore this area Business Placement

Demographics for 37211, TN

81,830

Population

34,650

Households

2.4

Avg Household Size

33

Median Age

43%

College-Educated

86%

High-School Grad

21.7 sq mi

ZIP Area

3,771

Density / Sq Mi

$69,936

Median Household Income

$42,270

Median Earnings

$1,444

Median Rent

$374,200

Median Home Value

Market

Vacancy Rate% for Industrial in Nashville, TN

3% 2019

2% 2020

2.9% 2021

3% 2022

4.2% 2023

4.8% 2024

4.5% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines a residence with a heated and cooled shop featuring a restroom and high ceilings.

Where is this mixed-use property located?

The property is located at 317 Willard Dr Nashville, TN.

What is the asking price?

The asking price for this property is $360,000.

What are key features of this property?

This property features: 30' X 60' heated and cooled shop with bathroom; Clear‑span interior with high ceilings; Garage door, two pedestrian doors, and carport