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    2013 Manchester Ave Nashville, TN 37218

    • Commercial real estate
    • 0.18 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0920822
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2013 Manchester Ave

    Lot size
    0.18 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.18-acre commercial land parcel, located at 2013 Manchester Avenue in Nashville, Tennessee, presents a compelling investment opportunity. Zoned CL (Commercial Limited), this property allows for non-owner occupied short-term rentals, making it ideal for Airbnb or VRBO ventures. Its prime location offers high visibility and convenient access to downtown Nashville and the rapidly developing Buena Vista Boulevard/West Trinity Lane area. The property is classified as a First Tier Nashville Next Concept/Center location. Note that an adjoining property, 3405 Clarksville Pike (Parcel/Tax ID: 069-16-0-032.00), is also available for purchase at $1.2 million. Both properties can be acquired together or separately. The asking price for this specific 0.18-acre parcel is $1,200,000. All information should be independently verified by the buyer.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.83427087
    Latitude
    36.19510004

    Comparable in this City

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      Cleared and Permit Ready Development Property For Sale

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    • $79,000
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      0.44 Acres Tract Zoned Residential For Sale

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    • $1,200,000
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    • $255,000
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      Ideal Bordeaux Lot on Quiet, Heavily Treed Street For Sale

      Ideal Bordeaux Lot on Quiet, Heavily Treed Street For Sale
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    Similar Nearby for Sale

    • $750,000
      1.03 Acres

      Builders, Investors, & Home Buyers, Previous a Church, Vacant Residential Land Lot

      Builders, Investors, & Home Buyers, Previous a Church, Vacant Residential Land Lot
      3700 Fairview Dr E, Nashville, TN 37218
      View Details
    • $175,500
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      0.43 Acres Vacant Land For Sale

      0.43 Acres Vacant Land For Sale
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      View Details
    • $245,000
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      Cleared and Permit Ready Development Property For Sale

      Cleared and Permit Ready Development Property For Sale
      1808 Manchester Ave, Nashville, TN 37218
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    • $79,000
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      0.44 Acres Tract Zoned Residential For Sale

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      0 Ewing Dr, Nashville, TN 37218
      View Details
    • $380,000
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      0.23 Acres Two Build Residential Lot

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    • $1,350,000
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    Similar Nearby for Lease

    • Contact for pricing
      152,460 SF

      Stewarts Lane Industrial Property

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    • $25 SF/Yr
      1,600 SF

      Retail Space For Rent

      Retail space available for lease in Nashville, Tennessee.
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    2013 Manchester Ave
    Nashville, TN 37218
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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.

    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
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