700 Lake Dr, Gallatin, TN 37066
Mixed-use property in Gallatin, steps off Nashville Pike.
- Added:
- Apr 25, 2025
- Days on Market:
- 416
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 700 Lake Dr
General Information
- Standard status
- Active
- Size
- 4,704 SF
Building Details
- Year Built
- 1966
Listing agent ZACH PHILLIPS
Listing office PARKS | COMPASS (615) 383-6964
Listing date Apr 25, 2025
Source Corcoran
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 PARKS | COMPASS
HighLights
- Ideal location for commercial mixed use, steps from Nashville Pike in Gallatin.
- Large 1.4 acre lot offers potential for additional parking.
- Expansive walk‑out basement provides ample storage.
- Mid‑Century home with a beautiful rolling lot.
- Features include a rock garden and pond.
- Additional storage room in basement with separate entry.
Overview
Local Financial Insights For Mixed Use
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 | $101.6k | $21.60 |
| − Vacancy | −$10.2k | −$2.16 |
| EGI | $91.4k | $19.44 |
| − OpEx | −$34.3k | −$7.29 |
| NOI | $57.2k | $12.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gallatin
- County
- Sumner
- State
- Tennessee
- Longitude
- -86.4844
- Latitude
- 36.3715
