Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    301 Richard Wilks Rd White House, TN 37188
    Back to Search
    Property profile & analytics

    301 Richard Wilks Rd, White House, TN 37188

    View on Map
    • Retail properties & Spaces
    • 20,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kim Mellon at Images Hair and Nail Salon / Hair Salon
    • Comprehensive Pain Specialists / Physician
    • GameStop / Arcade & Gaming Center / Electronics & Wireless Store
    • Los Agaves / Restaurant
    • Fibermyalgia injections / Medical Clinic

    Property Details for 301 Richard Wilks Rd

    Year built
    2007
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail storefront opportunity is located at 301 Richard Wilks Rd, White House, TN 37188, within the desirable White House submarket. The property, known as White House Crossing, is a single-building complex constructed in 2007, encompassing a total of 20,000 square feet and featuring ten individual suites. Currently, a single vacant suite of 2,480 square feet is available for lease, representing a fantastic chance to establish or expand a business in this thriving community. The minimum leasable space is 2,480 square feet, and this is also the maximum contiguous space available. The building offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The space will be available for occupancy in February 2025. This property presents a rare opportunity to secure a well-located, modern retail space in a growing market. The property's convenient location and ample square footage make it an attractive option for businesses seeking a prominent presence in White House, Tennessee. Interested parties should inquire promptly to secure this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    White House
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.6788
    Latitude
    36.4706

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      701 Tn-76

      Individual retail properties
      701 Tn-76, White House, TN 37188
      View Details
    • Value Estimation by Request
      4,650 SF

      1002 Highway 76

      Automotive properties
      1002 Highway 76, Springfield, TN 37188
      View Details
    • Value Estimation by Request
      4,148 SF

      31st Hwy Hwy

      RETAIL STORES (PERSONAL SERVICES)
      31st Hwy Hwy, White House, TN 37188
      View Details
    • Value Estimation
      $755,000
      6,084 SF

      31st Hwy S Hwy

      RETAIL STORES (PERSONAL SERVICES)
      31st Hwy S Hwy, White House, TN 37188
      View Details
    • Value Estimation by Request
      3,222 SF

      322 Hester Dr

      RETAIL STORES (PERSONAL SERVICES)
      322 Hester Dr, White House, TN 37188-9255
      View Details
    • Value Estimation
      $945,000
      7,216 SF

      3327 Hwy 31st W

      RETAIL STORES (PERSONAL SERVICES)
      3327 Hwy 31st W, White House, TN 37188-5214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,960 SF

      Versatile Commercial Property with Structures

      3.4-acre commercial property with home, metal building, and garage.
      232 Raymond Hirsch Pkwy, White House, TN 37188
      View Details
    • $239,900

      White House 4-Acre Land Parcel

      4 acres near White House, TN, with utilities on site.
      7880 Bill Moss Rd, White House, TN 37188
      View Details
    • Contact for pricing

      Commercial Land Corner Lot

      Commercial land ideal for retail, office, or medical use.
      201 Honeysuckle Dr, White House, TN 37188
      View Details
    • $259,900

      3 Acres Near White House

      3-acre land parcel near White House, Tennessee, no HOA.
      7882 Bill Moss Rd, White House, TN 37188
      View Details
    • $1,250,000

      Land For Sale

      Land available for purchase at 355 Hester Dr, White House.
      355 Hester Dr, White House, TN 37188
      View Details
    • Contact for pricing

      Prime Land in White House

      C2 zoned land on Highway 76 East.
      20336 Tn-76, White House, TN 37188
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Growing Community

      Retail space available in a rapidly growing Nashville suburb.
      459 Tn-76, White House, TN 37188
      View Details
    • $2,975,000
      2,108 SF

      Taco Bell NNN Investment Property

      Freestanding Taco Bell in White House, TN with 20-year lease.
      330 Hester Dr, White House, TN 37188
      View Details
    • Contact for pricing

      Land in Growing Nashville MSA

      Land in a rapidly growing community near Nashville.
      483 Tn-76, White House, TN 37188
      View Details
    • Contact for pricing
      309,960 SF

      Warehouse Space Near Interstate I-65

      Warehouse/distribution space with high visibility near I-65 in White House.
      White, White House, TN 37188
      View Details
    • Contact for pricing

      Highway Frontage Pad Site

      0.98-acre pad site on Highway 76 for rent.
      608 Highway 76, White House, TN 37188
      View Details
    • Contact for pricing
      309,960 SF

      Warehouse Space Near I-65

      Distribution and warehouse space less than half mile from I-65.
      1204 Loves Ln, White House, TN 37188
      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.
    301 Richard Wilks Rd
    White House, TN 37188
    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

    Thank You for Inquiry
    301 Richard Wilks Rd, White House, TN, 37188
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!