Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2241 Fairview Blvd, Unit A Fairview, TN 37062-9070

    • Retail space
    • 4,304 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Jul 21, 2025
    $1,530,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1185625
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Joel Moenkhoff - State Farm Insurance Agent / Renter'S Insurance Agency / Insurance Agency
    • Tiny Ties of Middle Tennessee / Pediatric Dentist
    • CM SR22 Insurance Group / Insurance Company
    • Songbird Pediatric Dentistry / Pediatric Dentist / Dental Clinic

    Property Details for 2241 Fairview Blvd

    Year built
    2011
    Lot size
    0.34 lot acres
    Property size
    4,304 SF
    Property type
    Retail space
    APN
    094042 15302
    APU
    9404215302

    Description

    This exceptional commercial property, located at 2241 Fairview Blvd, Fairview, TN 37062, presents a compelling investment opportunity. The single-story, 3,860 square foot building, constructed in 2011 and extensively renovated in 2023, sits on a 0.34-acre lot zoned CG. Currently, the property is fully leased to two tenants: a dental practice and a national insurance branch. Both leases are Net-Net-Net (NNN), ensuring minimal landlord responsibilities. The current lease terms extend to December 17, 2028 and December 17, 2033, respectively, with two five-year renewal options on each. Annual rent increases are built into the leases, with escalations of 2.5% and 1.25%. The property boasts a strong Net Operating Income (NOI) of $105,216, resulting in an attractive 6.01% capitalization rate. Situated in Williamson County, Tennessee, a rapidly growing area, this property offers a stable income stream and significant long-term growth potential. The building's design allows for the potential addition of a third unit. This is a turnkey investment opportunity with a proven track record of success. The asking price is $1,750,999.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Williamson
    State
    Tennessee
    Longitude
    -87.1288
    Latitude
    35.9713
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,332
    $105,400
    $196,880
    $302,280
    -
    $263,500
    $492,200
    $755,700

    Comparable in this City

    • Value Estimation
      $285,000
      1,200 SF

      1756 Fairview Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      1756 Fairview Blvd, Fairview, TN 37062-9178
      View Details
    • Value Estimation
      $895,000
      10,000 SF

      2014 Fairview Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      2014 Fairview Blvd, Fairview, TN 37062-9413
      View Details
    • Value Estimation
      $2,115,000
      9,020 SF

      1391 Hwy 96th N

      RETAIL STORES (PERSONAL SERVICES) • 9,020 SF
      1391 Hwy 96th N, Fairview, TN 37062-8242
      View Details
    • Value Estimation
      $305,000
      7,900 SF

      2671 Fairview Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,900 SF
      2671 Fairview Blvd, Fairview, TN 37062-9071
      View Details
    • Value Estimation
      $290,000
      2,500 SF

      2094 Fairview Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      2094 Fairview Blvd, Fairview, TN 37062-9001
      View Details
    • Value Estimation
      $270,000
      1,060 SF

      1251 Fairview Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,060 SF
      1251 Fairview Blvd, Fairview, TN 37062-9122
      View Details

    Similar Nearby for Sale

    • $1,250,000
      3,872 SF

      Log Cabin Retail Opportunity

      Well-maintained log cabin on two acres, suitable for various businesses.
      207 Highway 96 N, Fairview, TN 37062
      View Details
    • $4,450,000

      80-Acre Williamson County Farm

      80-acre farm with approved perk sites and building permit.
      7556 Caney Fork Rd, Fairview, TN 37062
      View Details
    • $554,999

      Industrial Property Near I-40

      Industrial property with easy access off I-40 west.
      Juniper Rd, Fairview, TN 37062
      View Details
    • $12,800,000
      61.72 Acres

      I-40 Frontage: 60+ Acres in Fairview, TN

      Prime TN land, multi-use zoning, high traffic
      0 Drag Strip Rd, Fairview, TN 37062
      View Details
    • $425,000
      2.08 Acres

      Fairview Commercial Land - Highway 100

      High-visibility Fairview commercial lot, ready for development.
      1410 Fairview Blvd, Fairview, TN 37062
      View Details
    • $12,800,000
      61.72 Acres

      Prime Fairview TN Land - 61 Acres

      Multi-use development opportunity near Nashville.
      Drag Strip Rd, Fairview, TN 37062
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      10,123 SF

      Fairview Commons Retail Center

      Prime Fairview, TN Retail Space Available
      2332 Fairview Blvd, Fairview, TN 37062
      View Details
    • $21 SF/Yr
      72,904 SF

      Fairview Retail Center Opportunity

      Publix-anchored, high-traffic retail space
      7014 City Center Way, Fairview, TN 37062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2241 Fairview Blvd, Unit A
    Fairview, TN 37062-9070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.