610-713 Ermac Dr Nashville, TN 37214
This exceptional 3.75-acre development site in Nashville, Tennessee, presents a unique investment opportunity. Located at 610-713 Ermac Dr, Nashville, TN 37214, this property boasts an ORI zoning designation, allowing for a diverse range of uses. Its strategic location adjacent to Nashville International Airport and a mere 15-minute drive from downtown Nashville provides unparalleled accessibility. The site is situated within a thriving employment hub, with over 19,000 jobs within a one-mile radius, ensuring a robust tenant pool for any development. The current market demand for high-quality housing in the Donelson-Hermitage submarket, with average new construction rents reaching $1,868 per unit ($2.18 per square foot), strongly suggests significant potential returns for residential projects. The flexibility of the ORI zoning allows for creative development options, including apartments, condos, short-term rentals (STRs), townhomes, hospitality, office, and retail spaces. This presents the possibility of a mixed-use development, creating a vibrant live-work community. The property offers both joint venture and outright sale options, catering to various investment strategies. This is a truly rare by-right opportunity with exceptional potential for substantial returns.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.