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    Property profile & analytics

    1000 Rivergate Pkwy Goodlettsville, TN 37072-2447

    • Retail properties & Spaces
    • 193,896 SF
    • 10.10 lot acres
    OFF-MARKET
    Value Estimations
    $49,770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1903380
    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

    • Hot Topic / Clothing Store / Fashion Accessories Store
    • Spencer's / (Bike/Boat/Book/etc) Store
    • Kids Foot Locker / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Iron Mountain / Storage Facility
    • Gold & Diamonds / (Bike/Boat/Book/etc) Store

    Property Details for 1000 Rivergate Pkwy

    Year built
    1971
    Lot size
    10.10 lot acres
    Property size
    193,896 SF
    Zone code
    MULTI-ZONE
    Property type
    Retail properties & Spaces
    APN
    026-14-0-026-00
    APU
    2614002600

    Description

    Rivergate Mall, located at 1000 Rivergate Parkway in Goodlettsville, Tennessee (zip code 37072), presents a significant retail investment opportunity. This established regional shopping destination boasts a substantial 1,164,631 square feet of leasable space within a 78.23-acre lot. Originally constructed in 1971 and extensively renovated in 2011, the mall offers a modern shopping experience. The property features ample parking with 4,918 spaces to accommodate shoppers and tenants. Currently, there are multiple tenants occupying the space, with available units ranging from 420 square feet to 193,564 square feet (50 spaces currently available). The mall is strategically positioned just minutes from Downtown Nashville, benefiting from its proximity to a major metropolitan area. Major anchors include Dillard's and JCPenney, attracting a significant customer base. The property's advantageous location is further enhanced by its adjacency to the Dollar General Corporate Headquarters and its direct access to Interstate 65 via Vietnam Veterans Parkway, a high-traffic thoroughfare with over 57,000 vehicles daily. This prime location and established tenant base make Rivergate Mall an exceptional retail investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $82,145,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Goodlettsville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6984
    Latitude
    36.304
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,830,000
      196,992 SF

      1000 Rivergate Pkwyc

      DEPARTMENT STORE • 196,992 SF
      1000 Rivergate Pkwyc, Goodlettsville, TN 37072-2447
      View Details
    • Value Estimation by Request
      9.24 Acres

      1000 Rivergate Pkwyb

      DEPARTMENT STORE • 9.24 Acres
      1000 Rivergate Pkwyb, Goodlettsville, TN 37072-2447
      View Details
    • Value Estimation by Request
      4,000 SF

      434 Main St

      Individual retail properties • 4,000 SF
      434 Main St, Goodlettsville, TN 37072
      View Details
    • Value Estimation
      $23,460,000
      222,687 SF

      1000 Rivergate Pkwyg

      DEPARTMENT STORE • 222,687 SF
      1000 Rivergate Pkwyg, Goodlettsville, TN 37072-2447
      View Details
    • Value Estimation
      $1,630,000
      9,432 SF

      31st Hwy Hwy

      DEPARTMENT STORE • 9,432 SF
      31st Hwy Hwy, Goodlettsville, TN 37072
      View Details
    • Value Estimation
      $15,370,000
      145,675 SF

      1000 Rivergate Pkwy

      DEPARTMENT STORE • 145,675 SF
      1000 Rivergate Pkwy, Goodlettsville, TN 37072-2447
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,080 SF

      Restaurant in Retail Corridor

      Stand-alone restaurant prime for reuse or redevelopment near RiverGate Mall.
      912 Rivergate Pkwy, Goodlettsville, TN 37072
      View Details
    • $1,250,000
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      Rivergate Executive Park Investment Opportunity

      Commercial property featuring retail and office space near Nashville.
      907 Rivergate Pkwy, Goodlettsville, TN 37072
      View Details
    • $850,000
      3,574 SF

      Retail/Office/Flex Space For Sale

      High-traffic commercial property with retail, office, and flex space.
      1243 S Dickerson Rd, Goodlettsville, TN 37072
      View Details
    • $5,900,000

      Rivergate Executive Park Investment Opportunity

      Commercial property featuring retail and office spaces near Nashville.
      907 Rivergate Pkwy, Goodlettsville, TN 37072
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      2,520 SF

      Avalon Station: Retail Spaces for Lease

      Goodlettsville Retail, Two Units Available
      1149 Dickerson Rd, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      16,529 SF

      North Creek Plaza Retail Center

      Goodlettsville, TN Retail Opportunity
      842 Conference Dr, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      5,725 SF

      Main Street Retail Space Available

      New Retail Space in Goodlettsville, TN
      619 Main St, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      78,105 SF

      Music City Shopping Center Retail Space

      Nashville medical office space available. High visibility location.
      900 Conference Dr, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      10,000 SF

      Retail/Office Space Near I-65

      1,120 SF retail or office space available immediately.
      403 Long Hollow Pike, Goodlettsville, TN 37072
      View Details
    • Contact for pricing

      Rivergate Mall Retail Opportunity

      Former Sears box available for long-term lease.
      Goodlettsville, TN 37072
      View Details
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    Goodlettsville, TN 37072-2447
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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
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