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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1249 Hampshire Pike Columbia, TN 38401-4634

    • Residential income homes
    • 8,304 SF
    • 6.25 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2024
    $5,625,000
    Value Estimations
    $5,625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3548649
    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

    • Oak View Apartments / Apartment Building

    Property Details for 1249 Hampshire Pike

    Year built
    1971
    Lot size
    6.25 lot acres
    Property size
    8,304 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    060100A C 02402
    APU
    060100AC02402

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,625,000
      ML approach
      $5,625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,794,000
      Market price range: $796k - $6.20M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,725,000
      Current use
      RESTAURANT
      $3,545,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Maury
    State
    Tennessee
    Longitude
    -87.0745
    Latitude
    35.6167
    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
    $9,552
    $97,520
    $402,560
    $500,080
    -
    $243,800
    $1,006,400
    $1,250,200

    Comparable in this City

    • Value Estimation
      $770,000
      8,652 SF

      2902 Campbellsville Pike

      APARTMENT HOUSE (UNDER 5 UNITS) • 8,652 SF
      2902 Campbellsville Pike, Columbia, TN 38401-5947
      View Details
    • Value Estimation by Request
      2,588 SF

      1026-1028 Cody Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,588 SF
      1026-1028 Cody Dr, Columbia, TN 38401
      View Details
    • Value Estimation
      $795,000
      5,752 SF

      705 Deep Woods Ct, Unit 711

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,752 SF
      705 Deep Woods Ct, Columbia, TN 38401-2299
      View Details
    • Value Estimation
      $6,300,000
      21,038 SF

      600 Hallmark Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 21,038 SF
      600 Hallmark Dr, Columbia, TN 38401-6382
      View Details
    • Value Estimation by Request
      2,588 SF

      1110-1112 Shrs Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,588 SF
      1110-1112 Shrs Dr, Columbia, TN 38401
      View Details
    • Value Estimation by Request
      2,436 SF

      118 5th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,436 SF
      118 5th Ave, Columbia, TN 38401-2812
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Multifamily Development in Columbia

      254-unit multifamily property in Columbia/Spring Hill, TN, near Nashville.
      2513 Nashville Hwy, Columbia, TN 38401
      View Details
    • $4,950,000
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      Columbia Industrial Park Land Opportunity

      46 Acres, Flex Building Potential, Approved Plans
      Industrial Park Rd, Columbia, TN 38401
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    • $895,000
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      Commercial Building with Rental Income

      Investment property featuring a 5310 sq ft commercial building.
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    • $1,500,000
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      Columbia, TN Land Development

      4.3 Acres, CD-4 Zoning, Prime Location
      0 Pulaski Hwy, Columbia, TN 38401
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    • $269,900

      Country Home on Rolling Hillside

      Three-bedroom home on 1.78 acres, needs some work.
      4107 Trousdale Ln, Columbia, TN 38401
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    • $5,000,000
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      Columbia TN Development Land

      Prime 2.97-acre commercial/residential site
      1201 Carmack Blvd, Columbia, TN 38401
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    Similar Nearby for Lease

    • $32 SF/Yr
      15,000 SF

      Beechcroft Plaza Retail Space Available

      Columbia, TN Retail Center: 3,110 SF Available
      2500 Cayer Ln, Columbia, TN 38401
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Land for lease or build-to-suit opportunity.
      Jenland Dr, Columbia, TN 38401
      View Details
    • Contact for pricing

      Land Parcel For Lease

      Land available for lease in Columbia, Tennessee.
      2504 Nashville Hwy, Columbia, TN 38401
      View Details
    • $1,500 /Mo

      Flat Grated Outside Storage Lot

      Flat and grated outside storage lot available for rent.
      Cayer Ln, Columbia, TN 38401
      View Details
    • $17 SF/Yr
      2,460 SF

      Prime Columbia Office Space

      2,460 SF Office Building, 0.23 Acres
      1025 Nashville Hwy, Columbia, TN 38401
      View Details
    • $8 SF/Yr
      339,660 SF

      Prime Columbia Industrial Space

      Class A Flex/Warehouse, 175,041 SF Available
      981 Industrial Park Rd, Columbia, TN 38401
      View Details
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    1249 Hampshire Pike
    Columbia, TN 38401-4634
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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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