Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Reserve Dr Dickson, TN 37055-3023

    • Manufacturing properties
    • 3,486 SF
    • 0.94 lot acres
    OFF-MARKET
    Last Sale
    Dec 18, 2020
    $388,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0877226
    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

    • Purple Turtle Preschool / High School / Daycare Center
    • The Learning Loft Academy / Daycare Center

    Property Details for 2 Reserve Dr

    Year built
    2006
    Construction
    FRAME
    Lot size
    0.94 lot acres
    Property size
    3,486 SF
    Property type
    Manufacturing properties
    APN
    111 08310
    APU
    11108310

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dickson
    County
    Dickson
    State
    Tennessee
    Longitude
    -87.3643
    Latitude
    36.0558
    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
    $2,393
    $34,520
    $42,080
    $76,600
    -
    $86,300
    $105,200
    $191,500

    Comparable in this City

    • Value Estimation
      $1,600,000
      191,617 SF

      17 Sanker Rd

      MANUFACTURING (LIGHT) • 191,617 SF
      17 Sanker Rd, Dickson, TN 37055-2768
      View Details
    • Value Estimation by Request
      16,983 SF

      101 Warren G Medlay Dr

      MANUFACTURING (LIGHT) • 16,983 SF
      101 Warren G Medlay Dr, Dickson, TN 37055-7731
      View Details
    • Value Estimation
      $1,085,000
      62,485 SF

      Gum Br Rd

      MANUFACTURING (LIGHT) • 62,485 SF
      Gum Br Rd, Dickson, TN 37055
      View Details
    • Value Estimation by Request
      47,016 SF

      1655 Old Columbia Rd

      MANUFACTURING (LIGHT) • 47,016 SF
      1655 Old Columbia Rd, Dickson, TN 37055-2787
      View Details
    • Value Estimation
      $23,370,000
      1,186,998 SF

      187 Warren G Medlay Dr

      MANUFACTURING (LIGHT) • 1,186,998 SF
      187 Warren G Medlay Dr, Dickson, TN 37055-7731
      View Details
    • Value Estimation
      $12,120,000
      206,766 SF

      1 Shiloh Dr

      MANUFACTURING (LIGHT) • 206,766 SF
      1 Shiloh Dr, Dickson, TN 37055-2771
      View Details

    Similar Nearby for Sale

    • $1,600,000
      9.30 Acres

      Dickson Commercial Land - Huge Potential

      9.3 Acres, B3 & R1 Zoning, Development Opportunity
      Highway 70, Dickson, TN 37055
      View Details
    • $350,000

      7.12 Acres with Shop Building

      7.12 acres featuring a 40x48 shop building and utilities.
      4117 Highway 70, Dickson, TN 37055
      View Details
    • $725,000
      3,720 SF

      Prime Dickson Office/Retail Space

      High-traffic location, versatile layout, great potential.
      112 Highway 70, Dickson, TN 37055
      View Details
    • $710,000
      9,652 SF

      Dickson Commercial Property with Auto Lifts

      Commercial property with two buildings, auto lifts, and ample storage.
      1050 Highway 47 East, Dickson, TN 37055
      View Details
    • $1,600,000
      2.80 Acres

      High-Visibility Dickson Commercial Land

      Prime I-40 location, high traffic counts.
      Kaiser Rd, Dickson, TN 37055
      View Details
    • $1,750,000
      137.00 Acres

      137 Acres of Versatile Land

      137 acre property near Dickson with hunting and building potential.
      1651 Yellow Creek Rd, Dickson, TN 37055
      View Details

    Similar Nearby for Lease

    • 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
      7,380 SF

      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
      99,752 SF

      Dickson County Commercial Land

      ±2.29 Acres, High-Visibility Location
      204 Henslee Dr, Dickson, TN 37055
      View Details
    • Contact for pricing
      9,600 SF

      Retail Space Near Kroger

      9,600 SF retail space available Summer 2020.
      143 Henslee Dr, Dickson, TN 37055
      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.
    2 Reserve Dr
    Dickson, TN 37055-3023
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!