Dickerson Pike Commercial
For Sale
$5,000,000
3800 Dickerson Pike, Nashville, TN 37207
17,568 SF showroom on Dickerson Pike, Nashville. For sale.
Property Size20,568 SF
Price / SF$243.10
Days on Market208
Property Features for 3800 Dickerson Pike
General Information
Standard status
Active
Size
20,568 SF
Class
C
Property subtype
Retail
Building Details
Building Size
20,568 SF
Year Built
1971
Listing Agency:
Southeast Venture / CORFAC International
(615) 210-9697
Listed By:
John Cavin
Source:
Corfac
Added: Jan 26
Changed: Aug 9
Last Checked: Aug 22 at 3:59AM
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 Southeast Venture / CORFAC International
Investment Insights
Based on property information with market context.
Located on Dickerson Pike in Nashville, this 17,568 square-foot commercial showroom is available for sale. The property, formerly a Tractor Supply, benefits from its location in an active retail corridor and proximity to the intersection of Dickerson Pike and Old Hickory. The retail facility includes three drive-in doors, one exterior loading dock, and a warehouse in the rear. Convenient access to I-65 is provided. The roof was replaced in May 2018 with a 20-year warranty. Two new 20-ton HVAC units were installed in September 2017. The property is zoned CS - Commercial Services and experiences a traffic count of 24,297 ADT. The property size is 20,568 square feet.
Key Highlights
- Prime location in an active retail corridor on Dickerson Pike.
- Large 17,568 SF freestanding retail building.
- Convenient access to I‑65.
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
$211,396
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
4.23%
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%
$4,227,920
$4.2M
Cap Rate 7%
$3,019,943
$3.0M
Cap Rate 9%
$2,348,844
$2.3M
Market Conditions
NOI Build-Up for 20,568 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
$266.6K $12.96/SF
− Vacancy
−$17.9K −$0.87/SF
EGI
$248.7K $12.09/SF
− OpEx
−$37.3K −$1.81/SF
NOI
$211.4K $10.28/SF
Area
ZIP 37207
Vacancy
6.70%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
15.00%
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%
$4,227,920
Cap Rate 7%
$3,019,943
Cap Rate 9%
$2,348,844
Alternative Uses
Best Use
Warehouse
$3.02M
$2.64M – $3.52M
NOI $211,396 @ 7.0% cap · market cap 4.23%
Second Best
Retail
$2.49M
$2.18M – $2.90M
NOI $174,091 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$5.88M
$5.15M – $6.87M
NOI $411,934 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 37207, TN
38,719
Population
18,698
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
2,006
Density / Sq Mi
$60,102
Median Household Income
$38,115
Median Earnings
$1,200
Median Rent
$332,500
Median Home Value
Market
Vacancy Rate% for Industrial in Nashville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - 17,568 SF showroom on Dickerson Pike, Nashville. For sale.
Where is this retail property located?
The property is located at 3800 Dickerson Pike Nashville, TN.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime location in an active retail corridor on Dickerson Pike.; Large 17,568 SF freestanding retail building.; Convenient access to I‑65.
