Renovated Retail Storefront with
For Sale
Contact for pricing
910 Rivergate Pkwy, Goodlettsville, TN 37072
Open-concept commercial building with side loading access and CSL zoning.
Property Size8,060 SF
Lot Size0.80 Acres
Price / SF$248.01
Days on Market132
Property Features for 910 Rivergate Pkwy
General Information
Standard status
Active
Size
8,060 SF
Class
B
Total Parking Spaces
39
Lot size
0.80 Acres
Property subtype
Retail, Office
Zoning
CSL
Property Condition
Severity
Repairs Needed
Evidence
ready for your update
Additional Details
Pylon Signage
Yes
Building Details
Year Built
1972
Year Renovated
2017
Buildings
1
Stories
1
Listing Agency:
Beachwood Commercial Real Estate Brokerage
Listed By:
Beau Beach, MBA CCIM · License #Multiple States
Source:
Crexi
Added: Apr 22
Changed: Aug 31
Last Checked: Aug 31 at 4:36AM
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 Beachwood Commercial Real Estate Brokerage
Investment Insights
Based on property information with market context.
This vacant retail storefront contains 8,060 square feet within an open-concept layout. The building dates to 1972 and was renovated in 2017, offering an established commercial structure for a future operator’s updates. A side loading area with a roll-up door supports receiving and back-of-house functionality, while a prominent pole sign provides a dedicated on-site identification feature.
The property occupies approximately 0.8 acres at 910 Rivergate Pkwy in Goodlettsville, Tennessee, with 39 parking spaces. Nearby businesses include McDonald's, Regions Bank, Firestone Complete Auto Care, Tennessee Credit Union, Midas, Chili's Grill and Bar, Starbucks, and In-N-Out Burger. CSL zoning is identified for business and communication services, financial and administrative uses, medical, retail, personal services, veterinary, religious, convenience food and beverage, food service, drive-thru, and hotel uses.
The property occupies approximately 0.8 acres at 910 Rivergate Pkwy in Goodlettsville, Tennessee, with 39 parking spaces. Nearby businesses include McDonald's, Regions Bank, Firestone Complete Auto Care, Tennessee Credit Union, Midas, Chili's Grill and Bar, Starbucks, and In-N-Out Burger. CSL zoning is identified for business and communication services, financial and administrative uses, medical, retail, personal services, veterinary, religious, convenience food and beverage, food service, drive-thru, and hotel uses.
Key Highlights
- 8,060 SF vacant retail building on approximately 0.8 acres
- Renovated in 2017; original construction completed in 1972
- 39 parking spaces serve the building
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
$96,478
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
4.83%
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%
$1,929,560
$1.9M
Cap Rate 7%
$1,378,257
$1.4M
Cap Rate 9%
$1,071,978
$1.1M
Market Conditions
NOI Build-Up for 8,060 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
$145.1K $18.00/SF
− Vacancy
−$7.3K −$0.90/SF
EGI
$137.8K $17.10/SF
− OpEx
−$41.3K −$5.13/SF
NOI
$96.5K $11.97/SF
Area
Davidson County, TN
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,929,560
Cap Rate 7%
$1,378,257
Cap Rate 9%
$1,071,978
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,478 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.76M
$8.54M – $11.38M
NOI $683,053 @ 7.0% cap · market cap 34.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
601k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 23%
Apparel 22%
Superstores 14%
Target
Superstores
81,526 visits/mo
0.5 miles
Chick-fil-A
Dining
49,470 visits/mo
0.3 miles
T.J. Maxx
Apparel
41,333 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
36,816 visits/mo
0.2 miles
Dillard's
Apparel
30,535 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Home Decor Floral — Madison, TN 37115
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Frequently Asked Questions
What type of property is this?
Storefront property - Open-concept commercial building with side loading access and CSL zoning.
Where is this storefront property located?
The property is located at 910 Rivergate Pkwy Goodlettsville, TN.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 8,060 SF vacant retail building on approximately 0.8 acres; Renovated in 2017; original construction completed in 1972; 39 parking spaces serve the building
