10-Unit Modern Apartment
For Sale
Contact for pricing
6667 Cabot Dr, Nashville, TN 37209
Planned three-story residential property with garages, central HVAC, and individual utilities in West Nashville.
Property Size18,755 SF
Price / SF$306.58
Days on Market180
Property Features for 6667 Cabot Dr
General Information
Standard status
Active
Size
18,755 SF
Property subtype
Multifamily
Zoning
RM20
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
10 x 4BR/3.5BA
Multifamily Units
10
Additional Details
Asking Price
$5,750,000
Amenities
rear-attached garages
central HVAC
washer/dryer hookups
Building Details
Year Built
2026
Buildings
3
Stories
3
Units
10
Construction
contemporary
Listing Agency:
Hive Nashville LLC
Listed By:
Chris Barboni · License #TN 359099
Source:
Crexi
Added: Mar 4
Changed: Aug 30
Last Checked: Aug 30 at 1:49PM
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 Hive Nashville LLC
Investment Insights
Based on property information with market context.
Planned for completion in late April 2026, this 10-unit residential property comprises three buildings with a combined 18,755 square feet. Each three-story home includes 4 beds, 3.5 baths, contemporary interiors, large windows, a rear-attached garage, central HVAC, and washer/dryer hookups. Utilities are separately provided for electric, water, gas, and sewer, supporting straightforward unit-level operation. The development is zoned RM20 and is designed with consistent exterior materials and coordinated rooflines.
The property is located at 6667 Cabot Dr in Nashville’s 37209 ZIP code, near I-40, The Nations, employment hubs, amenities, and downtown. The unit plan includes two larger residences, six 1,865-square-foot homes, and two 1,785-square-foot homes, providing a consistent residential configuration across the project. Approved-plan renderings are being used for the primary project imagery.
The property is located at 6667 Cabot Dr in Nashville’s 37209 ZIP code, near I-40, The Nations, employment hubs, amenities, and downtown. The unit plan includes two larger residences, six 1,865-square-foot homes, and two 1,785-square-foot homes, providing a consistent residential configuration across the project. Approved-plan renderings are being used for the primary project imagery.
Key Highlights
- 10 units across 3 buildings with 18,755 square feet
- Unit mix includes 2,054 SF, 1,941 SF, six 1,865 SF, and two 1,785 SF residences
- Each unit offers 4 beds and 3.5 baths
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
$195,490
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
3.40%
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%
$3,909,800
$3.9M
Cap Rate 7%
$2,792,714
$2.8M
Cap Rate 9%
$2,172,111
$2.2M
Market Conditions
NOI Build-Up for 18,755 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
$382.6K $20.40/SF
− Vacancy
−$27.2K −$1.45/SF
EGI
$355.4K $18.95/SF
− OpEx
−$159.9K −$8.53/SF
NOI
$195.5K $10.42/SF
Area
ZIP 37209
Vacancy
7.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$3,909,800
Cap Rate 7%
$2,792,714
Cap Rate 9%
$2,172,111
Alternative Uses
Best Use
Apartment 5plus
$2.79M
$2.44M – $3.26M
NOI $195,490 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.84M
$4.23M – $5.64M
NOI $338,670 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 37209, TN
40,498
Population
21,421
Households
1.9
Avg Household Size
32
Median Age
57%
College-Educated
92%
High-School Grad
33.6 sq mi
ZIP Area
1,205
Density / Sq Mi
$75,810
Median Household Income
$48,965
Median Earnings
$1,580
Median Rent
$495,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Planned three-story residential property with garages, central HVAC, and individual utilities in West Nashville.
Where is this apartment building located?
The property is located at 6667 Cabot Dr Nashville, TN.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 10 units across 3 buildings with 18,755 square feet; Unit mix includes 2,054 SF, 1,941 SF, six 1,865 SF, and two 1,785 SF residences; Each unit offers 4 beds and 3.5 baths
