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    Property profile & analytics

    117 Main St Dickson, TN 37055-1836

    • Retail space
    • 8,712 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Jan 09, 2024
    $650,000
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1305031
    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

    • Poe Cupid R MD / Psychiatrist
    • 7 Slot Slobber Squad / Pet Supply Store
    • GCA Services / Cleaning Service

    Property Details for 117 Main St

    Year built
    1910
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    8,712 SF
    Property type
    Retail space
    APN
    110C M 00500
    APU
    110CM00500

    Description

    117 North Main Street in Dickson, Tennessee, presents a fantastic opportunity for businesses seeking refined office or retail space. This two-story building, totaling 5,808 square feet, boasts a recent 2024 renovation encompassing a complete overhaul of the storefront, doors, flooring, bathrooms, break rooms, lighting, windows, plumbing, paint, and trim. The property features two suites available, offering flexible space options ranging from 1,732 to 2,904 square feet. Currently, 4,636 square feet is vacant, providing ample room for expansion or multiple tenants. Located in the desirable Downtown Dickson submarket, this property offers a classic yet modern aesthetic, perfect for businesses seeking a high-quality space in a thriving community. The building is classified as Retail, Office, Traditional Office, Coworking, Commercial, Retail Shop, and Retail Store, catering to a variety of business needs. While there are no elevators, the two-story layout provides efficient and accessible space. The property's address is 117 N Main St, Dickson, TN 37055. This is a rare opportunity to secure a beautifully renovated space in the heart of Dickson's downtown area. Don't miss out on this chance to establish your business in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $650,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,045,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dickson
    County
    Dickson
    State
    Tennessee
    Longitude
    -87.3883
    Latitude
    36.076
    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
    2022
    $2,078
    $12,560
    $53,960
    $66,520
    -
    $31,400
    $134,900
    $166,300

    Comparable in this City

    • Value Estimation
      $250,000
      1,728 SF

      3299 Hwy 46th S

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      3299 Hwy 46th S, Dickson, TN 37055-3521
      View Details
    • Value Estimation
      $260,000
      4,049 SF

      3200 Hwy 46th S

      RETAIL STORES (PERSONAL SERVICES) • 4,049 SF
      3200 Hwy 46th S, Dickson, TN 37055-3525
      View Details
    • Value Estimation
      $265,000
      746 SF

      Hwy 70th W

      RETAIL STORES (PERSONAL SERVICES) • 746 SF
      Hwy 70th W, Dickson, TN 37055
      View Details
    • Value Estimation by Request
      1,976 SF

      921 Hwy 70th E

      RETAIL STORES (PERSONAL SERVICES) • 1,976 SF
      921 Hwy 70th E, Dickson, TN 37055-2209
      View Details
    • Value Estimation
      $210,000
      3,640 SF

      109 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,640 SF
      109 Main St, Dickson, TN 37055-1813
      View Details
    • Value Estimation
      $270,000
      2,562 SF

      114 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,562 SF
      114 Main St, Dickson, TN 37055-1837
      View Details

    Similar Nearby for Sale

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    • $120,000

      2+ Acre Dickson Land Parcel

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    Similar Nearby for Lease

    • $25 SF/Yr
      9,600 SF

      Retail Space Near Kroger

      9,600 SF retail space available Summer 2020.
      143 Henslee Dr, Dickson, TN 37055
      View Details
    • Contact for pricing
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      Dickson Retail Development Opportunity

      Prime location for ground lease or multi-tenant strip center.
      1945 Highway 46 S, Dickson, TN 37055
      View Details
    • Contact for pricing
      1,525 SF

      Dickson Retail Space For Lease

      Retail space available in Dickson Square shopping center.
      418 Highway 46 S, Dickson, TN 37055
      View Details
    • Contact for pricing
      99,752 SF

      Dickson County Commercial Land

      ±2.29 Acres, High-Visibility Location
      204 Henslee Dr, Dickson, TN 37055
      View Details
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    Dickson, TN 37055-1836
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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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