Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1109 Elliston Way Thompsons Station, TN 37179-4402
    Property profile & analytics

    1109 Elliston Way, Thompsons Station, TN 37179-4402

    View on Map
    • Retail space
    • 17,500 SF
    • 1.60 lot acres
    Off-Market
    Last Sale May 7, 2021
    $1,040,000
    Property ID
    US80-2137293
    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.
    Value Estimations
    $1,085,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Butters Creme de la Creme / Clothing & Fashion Store
    • Butters Ace Hardware / Building Supply / Hardware & Home Improvement
    • The Bean Machine / Cafe & Coffee Shop

    Property Details for 1109 Elliston Way

    Year built
    2023
    Lot size
    1.60 lot acres
    Property type
    Retail space
    APN
    094132J A 00700
    APU
    094132JA00700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 24, 2021 — Ocam LLC Gerald Butters Lease $4.6M · Live Oak Banking Company
    May 7, 2021 $1,040,000 Gerald Butters Harold E Crye Warranty Deed —
    Feb 14, 2011 — Mbsc Tn Homebuilder LLC — Deed Of Trust · related $6.4M · Citizens Union Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,080,000
      ML approach
      $1,175,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Thompsons Station
    County
    Williamson
    State
    Tennessee
    Longitude
    -86.8852
    Latitude
    35.8262
    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
    $28,536
    $404,800
    $1,034,240
    $1,439,040
    -
    $1,012,000
    $2,585,600
    $3,597,600

    Comparable in this City

    • Value Estimation by Request
      760 SF

      2100 Branford Pl Ste, Unit 303

      RETAIL STORES (PERSONAL SERVICES)
      2100 Branford Pl Ste, Thompsons Station, TN 37179-1010
      View Details
    • Value Estimation
      $2,130,000
      1,464 SF

      5600 Leipers Crk Rd

      RETAIL STORES (PERSONAL SERVICES)
      5600 Leipers Crk Rd, Thompsons Station, TN 37179
      View Details
    • Value Estimation
      $2,800,000
      6,643 SF

      4701 Traders Way

      RETAIL STORES (PERSONAL SERVICES)
      4701 Traders Way, Thompsons Station, TN 37179-5367
      View Details
    • Value Estimation
      $3,800,000
      8,275 SF

      2000 Tollgate Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2000 Tollgate Blvd, Thompsons Station, TN 37179-1004
      View Details
    • Value Estimation by Request
      760 SF

      2100 Branford Pl Ste, Unit 302

      RETAIL STORES (PERSONAL SERVICES)
      2100 Branford Pl Ste, Thompsons Station, TN 37179-1010
      View Details
    • Value Estimation by Request
      896 SF

      2100 Branford Pl Ste, Unit 304

      RETAIL STORES (PERSONAL SERVICES)
      2100 Branford Pl Ste, Thompsons Station, TN 37179-1010
      View Details

    Similar Nearby for Sale

    • $500,000

      Residential Land in Williamson County

      Build your dream home on this Williamson County homesite.
      2754 Critz Ln, Thompsons Station, TN 37179
      View Details
    • $2,350,000

      Thompson's Station Land with Development Potential

      20.3-acre property with approved soil sites for new construction.
      5497 Carters Creek Pike, Thompsons Station, TN 37179
      View Details
    • Contact for pricing

      22.5 Acres at I-65 Interchange

      Prime land for development at the I-65/June Lake interchange.
      Pratt Rd, Thompsons Station, TN 37179
      View Details
    • $6,500,000

      Leiper's Fork Modern Farmhouse Estate

      Reimagined farmhouse on 11 acres with equestrian facilities.
      3636 Bear Creek Rd, Thompsons Station, TN 37179
      View Details
    • $6,900,000

      Williamson County Land for Sale

      100 acres in Williamson County, ideal for private enclave.
      4701 Reed Rd, Thompsons Station, TN 37179
      View Details
    • $1,000,000

      Williamson County Acreage Tract

      Acreage in Williamson County with rolling hills and privacy.
      4698 Bennett Hollow Rd, Thompsons Station, TN 37179
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,215 SF

      Retail Space Near Kroger Marketplace

      New retail space available Summer 2020 near Kroger Marketplace.
      4726 Traders Way, Thompsons Station, TN 37179
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Near High School

      Retail space available near Independence High School, Thompson's Station, TN.
      2197 Portsmouth Dr, Thompsons Station, TN 37179
      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.
    1109 Elliston Way
    Thompsons Station, TN 37179-4402
    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
    1109 Elliston Way, Thompsons Station, TN, 37179
    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!