Downtown Columbia Retail
For Sale
$495,000
705 Dunnington St, Columbia, TN 38401
Retail property near Columbia city square with potential business opportunities.
Property Size1,548 SF
Price / SF$319.77
Days on Market525
Property Features for 705 Dunnington St
General Information
Standard status
Active
Size
1,548 SF
Building Details
Year Built
1930
Listing Agency:
EXIT REALTY ELITE
Listed By:
KEL WILLIAMS · License #325074
(615) 957-5626
Source:
Corcoran
Added: May 22, 2025
Changed: Mar 16
Last Checked: Oct 20 at 6:55PM
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 ELITE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property is located near the Columbia city square, adjacent to a historical home. The property offers opportunities for various business ventures, such as a flower shop or coffee shop. The building has a size of 1548 square feet and is located in downtown Columbia, Tennessee.
Key Highlights
- Downtown location
- Close proximity to Columbia city square
- Endless opportunities for business use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,454
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,080
$529.1K
Cap Rate 7%
$377,914
$377.9K
Cap Rate 9%
$293,933
$293.9K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$36.8K $23.76/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$35.3K $22.79/SF
− OpEx
−$8.8K −$5.70/SF
NOI
$26.5K $17.09/SF
Area
Maury County, TN
Vacancy
4.10%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,080
Cap Rate 7%
$377,914
Cap Rate 9%
$293,933
Alternative Uses
Best Use
Specialty Retail
$377.9K
$330.7K – $440.9K
NOI $26,454 @ 7.0% cap · market cap 5.34%
Second Best
Retail
$342.0K
$299.3K – $399.1K
NOI $23,943 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$453.8K
$397.1K – $529.4K
NOI $31,765 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
SUBWAY
Dining
2,797 visits/mo
0.4 miles
Marathon
Shops & Services
2,292 visits/mo
0.3 miles
Sunoco
Shops & Services
2,142 visits/mo
0.4 miles
H&R Block
Shops & Services
1,420 visits/mo
0.2 miles
Listerhill Credit Union
Shops & Services
1,182 visits/mo
0.5 miles
Demographics for 38401, TN
63,075
Population
28,470
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
296.7 sq mi
ZIP Area
213
Density / Sq Mi
$69,467
Median Household Income
$42,314
Median Earnings
$1,084
Median Rent
$295,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property near Columbia city square with potential business opportunities.
Where is this storefront property located?
The property is located at 705 Dunnington St Columbia, TN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Downtown location; Close proximity to Columbia city square; Endless opportunities for business use
