Income Producing Commercial Zoned
5594 Jim Cummings Hwy Woodbury, TN 37190
5594 Jim Cummings Hwy, Woodbury, TN, 37190
$399,900
For Sale
$399,900
Income-producing property zoned commercial with two rental units.
Property Size2,000 SF
Price / SF$199.95
Days on Market110
Property Features for 5594 Jim Cummings Hwy
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
EXIT REALTY BOB LAMB & ASSOCIATES
(615) 896-5656
Listed by
GREGORY R. GOFF · License #307113
Source
Corcoran
Added: Mar 31 Checked: Jul 17 at 4:04 am
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 REALTY BOB LAMB & ASSOCIATES
Investment Insights
Based on property information with market context.
This income-producing property is zoned C1 commercial and includes two separate units located at 5594 and 5618 Jim Cummings Hwy. The unit at 5618 Jim Cummings Hwy is a 3-bedroom, 1-bath configuration and rents for $850 monthly. The unit at 5594 Jim Cummings Hwy is a 2-bedroom, 1-bath configuration and rents for $700 monthly. The property size is 2000 square feet.
Key Highlights
- Income‑producing property with existing tenants
- Zoned C1 commercial, offering business opportunities
- Includes two separate rental units: 5618 and 5594 Jim Cummings Hwy
Local Financial Insights For Apartment 5plus
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 | $40.8k | $20.40 |
| − Vacancy | −$2.9k | −$1.45 |
| EGI | $37.9k | $18.95 |
| − OpEx | −$17.1k | −$8.53 |
| NOI | $20.8k | $10.42 |
2,000 SF · lease $20.40/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$297.8K
$260.6K – $347.5K
NOI $20,847 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.3K
$513.0K – $684.0K
NOI $41,040 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Income-producing property zoned commercial with two rental units.
Where is this multifamily property located?
The property is located at 5594 Jim Cummings Hwy Woodbury, TN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Income‑producing property with existing tenants; Zoned C1 commercial, offering business opportunities; Includes two separate rental units: 5618 and 5594 Jim Cummings Hwy
