Gallatin Mixed-Use Property For
700 Lake Dr Gallatin, TN 37066
For Sale
$899,000
Mixed-use property in Gallatin, steps off Nashville Pike.
Property Size4,704 SF
Price / SF$191.11
Days on Market462
Property Features for 700 Lake Dr
General Information
Standard status
Active
Size
4,704 SF
Building Details
Year Built
1966
Listing Agency:
PARKS | COMPASS
(615) 383-6964
Listed By:
ZACH PHILLIPS
Source:
Corcoran
Added: Apr 25, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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
Investment Insights
Based on property information with market context.
This mixed-use property is located in Gallatin, Tennessee, steps off Nashville Pike. The property features a mid-century building situated on a 1.4-acre rolling lot that includes a rock garden and pond. The building offers 4,704 square feet of space and ample storage, including an expansive walk-out basement, attic, and closets. An additional storage room in the basement has its own entry. The lot provides space for additional parking if needed.
Key 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.
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 |
4,704 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$816.5K
$714.4K – $952.6K
NOI $57,154 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,258 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Gallatin, steps off Nashville Pike.
Where is this mixed-use property located?
The property is located at 700 Lake Dr Gallatin, TN.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 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.
