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Property profile & analytics
FOR SALE
Commercial land

234 Hancock St Gallatin, TN 37066

4 ac lot
Entity Owned 4-yr Hold
Property ID
US80-2479786
Property summary
AI-generated overview

This exceptional 4-acre commercial property, located at 234 Hancock St, Gallatin, TN 37066, presents a unique investment opportunity. Zoned for General Commercial Services (GCS), this versatile land offers unparalleled access to major Gallatin arteries: Highway 31E and Highway 109, with traffic signals ensuring safe entry and exit. The property boasts an impressive 444 feet of road frontage, simplifying design and development for a variety of uses. Its ideal location makes it suitable for an office complex, business park, or other commercial ventures. The asking price is $1,995,000. Owned by Eagle Homes LLC, this property is a blank canvas for your next commercial project. The property is classified as Industrial, Land, Mixed Use, and Office, and further categorized as Creative Office, Distribution, and Flex space. This Sumner County location provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strategic foothold in a thriving market. The property's flexibility allows for diverse development options, catering to a wide range of commercial needs. Consider the potential of this prime location and its significant road frontage to create a successful and impactful commercial development.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4 ac (174,240 SF)
APN 083126J B 00200
UPID US80-2479786
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$780k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$625k
Owner & transaction history
Eagle Homes LLC · 4 yrs held
Eagle Homes LLC
since 2021
Last sale
$530,000
2 recorded transactions
2023
Price N/A
2021
$530,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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