Property profile

2241 Fairview Blvd A Fairview, TN 37062

OFF-MARKET
Retail space
Property ID
US80-1185625
4,304 SF 0.34 ac lot Built 2011
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 2241 Fairview Blvd, Fairview, TN 37062, presents a compelling investment opportunity. The single-story, 3,860 square foot building, constructed in 2011 and extensively renovated in 2023, sits on a 0.34-acre lot zoned CG. Currently, the property is fully leased to two tenants: a dental practice and a national insurance branch. Both leases are Net-Net-Net (NNN), ensuring minimal landlord responsibilities. The current lease terms extend to December 17, 2028 and December 17, 2033, respectively, with two five-year renewal options on each. Annual rent increases are built into the leases, with escalations of 2.5% and 1.25%. The property boasts a strong Net Operating Income (NOI) of $105,216, resulting in an attractive 6.01% capitalization rate. Situated in Williamson County, Tennessee, a rapidly growing area, this property offers a stable income stream and significant long-term growth potential. The building's design allows for the potential addition of a third unit. This is a turnkey investment opportunity with a proven track record of success. The asking price is $1,750,999.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2011
Total area 4,304 SF
Lot 0.34 ac (14,810 SF)
APN 094042 15302
UPID US80-1185625

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Dental Office
  • Financial Advisor Insurance Agency
  • Dental Office

Location

2241 Fairview Blvd, Unit A Fairview, TN 37062-9070
Fairview metro Census 50504 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k

Owner & transaction history

since 2025
Last sale
$1.5M
4 recorded transactions
2025
$1.5M
2023
Price N/A
2021
$750,000
2010
$150,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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