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    2332 Fairview Blvd Fairview, TN 37062

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    For Lease
    Contact for pricing

    Prime Fairview, TN Retail Space Available

    Lot size:
    10,123 SF

    Property Features for 2332 Fairview Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,123 SF
    Total Rate
    29525.42

    Spaces For Lease

    at 2332 Fairview Blvd, Fairview, TN 37062 Contact us
    Unit B

    $35 /Mo

    Size
    2,000 SF
    Contact us
    Unit Suite 3

    $35 /Mo

    Size
    3,803 SF
    Contact us
    Unit C

    $35 /Mo

    Size
    2,000 SF
    Contact us

    We can help!

    Listing Contact
    James Foley
    James Foley

    Listing Agency: Foley Real Estate, LLC Listing Agent: James Foley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fairview Commons Shopping Center, a new construction retail development (May 2025 delivery), presents a unique investment opportunity in the thriving Williamson County, Tennessee market. This 10,123 square foot center is situated on 1.57 acres of land at 2332 Fairview Boulevard, Fairview, TN 37062, boasting a highly desirable location. The center offers multiple tenancy options with a minimum divisible space of 1,803 square feet and currently has 3,803 square feet of vacant space available. The property is zoned for Commercial Retail use and includes 80 total parking spaces, ensuring ample convenience for customers. Its strategic placement between Publix (0.6 miles) and Walmart (0.5 miles) on Fairview Boulevard places it within the heart of the area's main retail corridor, guaranteeing high visibility and foot traffic. The property's APN is 047004.00 000. Ideal for a variety of retail uses including medical, restaurant, and fitness businesses, Fairview Commons offers a compelling opportunity to establish a presence in a rapidly growing and affluent community. The submarket is Williamson County, and the submarket cluster is Fairview. This is a prime opportunity to secure space in a brand-new, well-located retail center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Williamson
    State
    Tennessee
    Longitude
    -87.1334076
    Latitude
    35.9662785

    Nearby Similar for Lease

    • $2,800 /Mo

      Retail/Office Space in Fairview, TN

      Retail or office space with parking in Fairview, Williamson County.
      1760 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

    FAQs

    What type of property is this?
    Restaurant - Prime Fairview, TN Retail Space Available
    Where is this restaurant located?
    The property is located at 2332 Fairview Blvd Fairview, TN.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: New construction retail center, delivering May 2025.; 10,123 square feet on 1.57 acres, with 3,803 square feet of vacant space available, minimum divisible space of 1,803 square feet.; Excellent street visibility and easy access, ample parking (80 spaces).
    (615) 249-8101 Call to check price and availability
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    2332 Fairview Blvd Fairview, TN 37062
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    Fairview, TN 37062
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    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
    2332 Fairview Blvd Fairview, TN 37062
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James Foley
    James Foley
    Real Estate License ID: 298777
    (615) 249-8101
    Learn more
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