Mixed-Use Property with Recording
New
For Sale
$650,000
827 Wren Rd, Goodlettsville, TN 37072
A ranch-style residence and a separate studio building occupy a site of just under an acre.
Property Size2,997 SF
Price / SF$216.88
Days on Market4
Property Features for 827 Wren Rd
General Information
Standard status
Active
Size
2,997 SF
Zoning
CSL
Additional Details
Property Use
Recording Studio
Listing Agency:
eXp Realty
(888) 519-5113
Listed By:
Troy Charlton
(615) 260-0521
Source:
Exprealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:15PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
The property combines a 1959 ranch home with a separate recording studio building. The house has three bedrooms and one full bathroom; the studio includes another full bathroom, along with multiple rooms for recording and editing work. Recording equipment and contents in the house and Buildings A and B are excluded from the sale.
Zoned CSL (Commercial Services Limited), the property permits commercial and residential use under the stated zoning description. The site measures just under an acre in Goodlettsville.
Zoned CSL (Commercial Services Limited), the property permits commercial and residential use under the stated zoning description. The site measures just under an acre in Goodlettsville.
Key Highlights
- Recording studio building includes multiple tracking and editing rooms
- 1959 ranch home with 3 bedrooms and 1 full bath
- Separate studio building has its own full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,822
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,440
$1.1M
Cap Rate 7%
$754,600
$754.6K
Cap Rate 9%
$586,911
$586.9K
Market Conditions
NOI Build-Up for 2,997 SF
Gross rent
$89.9K $30.00/SF
− Vacancy
−$5.4K −$1.80/SF
EGI
$84.5K $28.20/SF
− OpEx
−$31.7K −$10.58/SF
NOI
$52.8K $17.63/SF
Area
Davidson County, TN
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,440
Cap Rate 7%
$754,600
Cap Rate 9%
$586,911
Alternative Uses
Best Use
Mixed Use
$754.6K
$660.3K – $880.4K
NOI $52,822 @ 7.0% cap · market cap 8.13%
Second Best
Office B
$716.3K
$626.8K – $835.7K
NOI $50,143 @ 7.0% cap · market cap 7.71%
Theoretical Best
Warehouse
$3.63M
$3.17M – $4.23M
NOI $253,984 @ 7.0% cap · market cap 39.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
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Business Placement
Demographics for 37072, TN
33,065
Population
14,377
Households
2.3
Avg Household Size
40
Median Age
28%
College-Educated
89%
High-School Grad
77.5 sq mi
ZIP Area
427
Density / Sq Mi
$75,514
Median Household Income
$44,313
Median Earnings
$1,359
Median Rent
$340,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Davidson County, TN
Properties on Market for Mixed-use properties in Davidson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ranch-style residence and a separate studio building occupy a site of just under an acre.
Where is this mixed-use property located?
The property is located at 827 Wren Rd Goodlettsville, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Recording studio building includes multiple tracking and editing rooms; 1959 ranch home with 3 bedrooms and 1 full bath; Separate studio building has its own full bath
