Gallatin Mixed-Use Property For
For Sale
$899,000
700 Lake Dr, Gallatin, TN 37066
Mixed-use property in Gallatin, steps off Nashville Pike.
Property Size4,704 SF
Price / SF$191.11
Days on Market554
Property Features for 700 Lake Dr
General Information
Standard status
Active
Size
4,704 SF
Building Details
Year Built
1966
Listing Agency:
PARKS | COMPASS
Listed By:
ZACH PHILLIPS
(615) 383-6964
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$57,154
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,080
$1.1M
Cap Rate 7%
$816,486
$816.5K
Cap Rate 9%
$635,044
$635.0K
Market Conditions
NOI Build-Up for 4,704 SF
Gross rent
$101.6K $21.60/SF
− Vacancy
−$10.2K −$2.16/SF
EGI
$91.4K $19.44/SF
− OpEx
−$34.3K −$7.29/SF
NOI
$57.2K $12.15/SF
Area
Sumner County, TN
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,080
Cap Rate 7%
$816,486
Cap Rate 9%
$635,044
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
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Business Placement
Demographics for 37066, TN
59,370
Population
25,939
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
116.3 sq mi
ZIP Area
510
Density / Sq Mi
$78,049
Median Household Income
$43,311
Median Earnings
$1,305
Median Rent
$376,100
Median Home Value
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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.
