Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1502 Main St Columbia, TN 38401-4116
    Back to Search
    Property profile & analytics

    1502 Main St, Columbia, TN 38401-4116

    View on Map
    • Retail space
    • 1,200 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Apr 6, 2023
    $75,000
    Property ID
    US80-2053767
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1502 Main St

    Year built
    1981
    Lot size
    0.13 lot acres
    Property type
    Retail space
    APN
    060100L G 02100
    APU
    060100LG02100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 6, 2023 — Lanier James Wilson Lanier James Wilson Deed · related —
    Sep 16, 2021 $75,000 Lanier James Wilson Joshua K Roy Warranty Deed —
    May 7, 2021 $65,000 Joshua K Roy Hattie V Clark Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Maury
    State
    Tennessee
    Longitude
    -87.0382
    Latitude
    35.6041
    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
    $968
    $15,000
    $14,920
    $29,920
    -
    $37,500
    $37,300
    $74,800

    Comparable in this City

    • Value Estimation by Request
      2,809 SF

      501 High St

      RETAIL STORES (PERSONAL SERVICES)
      501 High St, Columbia, TN 38401-2733
      View Details
    • Value Estimation by Request
      672 SF

      6465 Trotwood Ave

      RETAIL STORES (PERSONAL SERVICES)
      6465 Trotwood Ave, Columbia, TN 38401-7920
      View Details
    • Value Estimation
      $3,700,000
      12,055 SF

      714 Woodland St

      RETAIL STORES (PERSONAL SERVICES)
      714 Woodland St, Columbia, TN 38401-3323
      View Details
    • Value Estimation by Request
      775 SF

      1003 Main St

      RETAIL STORES (PERSONAL SERVICES)
      1003 Main St, Columbia, TN 38401
      View Details
    • Value Estimation by Request
      1,620 SF

      126 Old Bear Crk Pike Ste A106

      RETAIL STORES (PERSONAL SERVICES)
      126 Old Bear Crk Pike Ste A106, Columbia, TN 38401-2486
      View Details
    • Value Estimation by Request
      960 SF

      611 Bear Crk Pike

      RETAIL STORES (PERSONAL SERVICES)
      611 Bear Crk Pike, Columbia, TN 38401-2271
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Commercial Building in Columbia

      4,150 sq ft commercial/office building in thriving Columbia, Tennessee.
      509 N High St, Columbia, TN 38401
      View Details
    • $400,000

      Versatile Office and Retail Space

      Office and retail space near Maury Regional Medical Center.
      1300 Hatcher Ln, Columbia, TN 38401
      View Details
    • $600,000
      4,200 SF

      Highway Frontage Commercial Building

      4200 sqft building on nearly two acres.
      3990 Highway 431, Columbia, TN 38401
      View Details
    • $6,200,000
      21,980 SF

      Downtown Mixed-Use New Construction

      New construction mixed-use property in prime downtown location.
      702 Woodland St, Columbia, TN 38401
      View Details
    • $6,200,000
      21,980 SF

      Downtown Performance-Driven Commercial Space

      New construction showroom/retail space in prime downtown location.
      702 Woodland St, Columbia, TN 38401
      View Details
    • $495,000
      1,548 SF

      Downtown Columbia Retail Opportunity

      Retail property near Columbia city square with potential business opportunities.
      705 Dunnington St, Columbia, TN 38401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Retail Space with Roll-Up Door

      Retail space featuring office and roll-up door, available 2025.
      2509 Cayer Ln, Columbia, TN 38401
      View Details
    • Contact for pricing
      1,059 SF

      Retail/Office Space on Nashville Highway

      Retail or office space with ample parking and signage opportunity.
      1507 Nashville Hwy, Columbia, TN 38401
      View Details
    • Contact for pricing
      1,555 SF

      Retail Strip Center For Lease

      Retail space available in high-traffic Columbia, Tennessee.
      2500-2504 Cayer Ln, Columbia, TN 38401
      View Details
    • Contact for pricing
      7,353 SF

      Retail Space in Columbia, TN

      7,353 SF retail space available in Kroger anchored center.
      845 Nashville Hwy, Columbia, TN 38401
      View Details
    • Contact for pricing

      Premier Retail Opportunity in Columbia

      New retail space in a high-traffic, growing downtown area.
      714 Woodland St, Columbia, TN 38401
      View Details
    • Contact for pricing

      Downtown Columbia Retail Opportunity

      Retail space in a growing downtown Columbia location.
      609 N Garden St, Columbia, TN 38401
      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.
    1502 Main St
    Columbia, TN 38401-4116
    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
    1502 Main St, Columbia, TN, 38401
    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!