Downtown Retail Storefront
For Sale
$475,000
705 Dunnington St, Columbia, TN 38401
Small downtown storefront near the Columbia city square, suitable for retail or food service concepts.
Property Size1,548 SF
Price / SF$306.85
Days on Market55
Property Features for 705 Dunnington St
General Information
Standard status
Active
Size
1,548 SF
Property subtype
Commercial
Amenities
Shingle Roof
Building Details
Year Built
1930
Listing Agency:
ELEVATE POWERED BY EXIT
(615) 373-3948
Listed By:
KEL WILLIAMS · License #325074
Source:
Corcoran
Added: Jun 18
Changed: Aug 10
Last Checked: Aug 10 at 4:01AM
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 ELEVATE POWERED BY EXIT
Investment Insights
Based on property information with market context.
This for-sale storefront offers a compact retail space well-suited for a neighborhood-oriented business. The property is being presented as a flexible option that could work for uses such as a flower shop or coffee shop, with the existing downtown storefront format supporting walk-in retail activity.
The location is described as being close to the Columbia city square, with the property positioned next to a historical home. That setting can support a customer-facing concept that benefits from proximity to the area’s central activity.
For tenants, buyers, or operators looking for a small downtown footprint, this property’s storefront configuration makes it practical for a single-discipline retail or coffee/refreshments use. If you’re exploring a street-level concept that relies on frequent local traffic and customer visibility, this space aligns with those needs while keeping the footprint manageable.
The location is described as being close to the Columbia city square, with the property positioned next to a historical home. That setting can support a customer-facing concept that benefits from proximity to the area’s central activity.
For tenants, buyers, or operators looking for a small downtown footprint, this property’s storefront configuration makes it practical for a single-discipline retail or coffee/refreshments use. If you’re exploring a street-level concept that relies on frequent local traffic and customer visibility, this space aligns with those needs while keeping the footprint manageable.
Key Highlights
- Small downtown storefront suitable for retail or food service concepts
- Located near the Columbia city square
- Built in 1930
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
$26,454
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
5.57%
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%
$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
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
$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 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%
$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 5.57%
Second Best
Retail
$342.0K
$299.3K – $399.1K
NOI $23,943 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$453.8K
$397.1K – $529.4K
NOI $31,765 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
SUBWAY
Dining
2,797 visits/mo
0.4 miles
Marathon
Shops & Services
2,292 visits/mo
0.4 miles
Sunoco
Shops & Services
2,142 visits/mo
0.4 miles
H&R Block
Shops & Services
1,420 visits/mo
0.0 miles
Firestone Complete Auto Care
Shops & Services
980 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Small downtown storefront near the Columbia city square, suitable for retail or food service concepts.
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 $475,000.
What are key features of this property?
This property features: Small downtown storefront suitable for retail or food service concepts; Located near the Columbia city square; Built in 1930
