1101 Polk Ave Nashville, TN 37210
- Office buildings
- 4,080 SF
- 1.50 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1101 Polk Ave
- Year built
- 1963
- Lot size
- 1.50 lot acres
- Property size
- 4,080 SF
- Zone code
- IR
- Property type
- Office buildings
- APN
- 106-05-0-122-00
- APU
- 10605012200
Description
This exceptional 34,261-square-foot warehouse, located at 1101 Polk Avenue in Nashville, Tennessee, presents a compelling investment opportunity. Priced at $4,000,000 ($116.75 per square foot), this industrial property boasts a desirable IR zoning designation. The warehouse features a generous ceiling height of 12 feet, providing ample vertical space for storage and operations. Power is readily available with a 400 AMP, 3-phase electrical service. The property includes energy-efficient fluorescent lighting throughout. The building offers convenient access for tenants and goods. One tenant enjoys a private drive-in door and dedicated en suite storage area. Additionally, there's a common dock-high door and a common ramped drive-in door, both servicing three tenants. This well-maintained warehouse is available for occupancy on January 1, 2025, and is situated in Davidson County, Tennessee, zip code 37210. Its strategic location in Nashville offers excellent access to major transportation routes and a thriving business community. This property is ideal for a variety of industrial uses and represents a strong investment prospect in a rapidly growing market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,990,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,060,000
- 6.5%
- $2,850,000
- 7%
- $3,100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,310,000
- Geo Method
- $2,775,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,860,000
- Retail
- $3,130,000
- Mixed-Use
- $2,810,000
- Hospitality
- $2,995,000
- Educational
- $2,925,000
- Residential Income
- $2,400,000
- Energy
- $3,305,000
- Income-Based Land
- $2,735,000
- Food Service
- $3,065,000
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.744
- Latitude
- 36.1381
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA