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    630 Iris Dr Nashville, TN 37204

    Sponsored
    For Sale
    $1,200,000

    Prime 0.2-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 0.2-acre commercial land parcel, located at 630 W. Iris Dr. in Nashville, Tennessee, presents a unique investment opportunity. Situated in the heart of Berry Hill, this property is zoned 4ZZ and offers easy access to major interstate highways. The lot is part of a rapidly developing area, with a significant recent development approval in the nearby Columbine Park area, totaling approximately $250 million. This development signifies substantial growth and future potential for the surrounding neighborhood. The property's zoning allows for a variety of commercial uses, details of which can be found on the Berry Hill, TN official website. Importantly, short-term rentals (STRs) are not permitted, ensuring a stable and potentially higher-value tenant base. This presents a compelling opportunity for developers and investors seeking a strategic location within a thriving commercial district. The asking price for this exceptional property is $1,200,000. All information should be independently verified by the buyer.

    Property Features for 630 Iris Dr

    General Information

    Property type
    Land
    Lot Size
    8,712 SF

    HighLights

    • 0.2‑acre commercial lot in Nashville's Berry Hill neighborhood, priced at $1,200,000.
    • Located at 630 W. Iris Dr., with easy interstate access.
    • Zoned 4ZZ, allowing for various commercial uses (details available on the Berry Hill, TN website).
    • No short‑term rentals permitted.
    • Situated in a rapidly developing area with a recent $250 million development nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7688371
    Latitude
    36.115771

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    FAQs

    What type of property is this?
    Land - Prime 0.2-acre lot, ideal for development.
    Where is this land located?
    The property is located at 630 Iris Dr Nashville, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 0.2-acre commercial lot in Nashville's Berry Hill neighborhood, priced at $1,200,000.; Located at 630 W. Iris Dr., with easy interstate access.; Zoned 4ZZ, allowing for various commercial uses (details available on the Berry Hill, TN website).
    Request Owner's contact information
    630 Iris Dr Nashville, TN 37204
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    Nashville, TN 37204
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    Realmo Value Estimation

    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.

    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.

    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
    630 Iris Dr Nashville, TN 37204
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