Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2408 Dickerson Pike Nashville, TN 37207-4536
    Back to Search
    Property profile & analytics

    2408 Dickerson Pike Nashville, TN 37207-4536

    View on Map
    • Gas stations
    • 2,988 SF
    • 2.22 lot acres
    Off-Market
    Last Sale Aug 9, 2023
    $500,000
    Property ID
    US80-0470553
    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

    • Hilltop Auto Salvage / Big Box & Wholesale Store / Auto Parts Store

    Property Details for 2408 Dickerson Pike

    Year built
    1950
    Lot size
    2.22 lot acres
    Property size
    2,988 SF
    Zone code
    CS
    Property type
    Gas stations
    APN
    071-03-0-051-00
    APU
    7103005100

    Description

    This exceptional 10-acre commercial land assemblage presents a unique investment opportunity in Nashville, Tennessee. Located at 2408 and 2503 Dickerson Pike, this property boasts a CS (Commercial Service) zoning designation, offering significant redevelopment potential. The combined 10-acre parcel enjoys convenient interstate access and is strategically positioned near major thoroughfares, ensuring high visibility and accessibility. Its proximity to key landmarks such as the new Oracle headquarters and the Titans Stadium, coupled with its minutes-from-downtown location, underscores its exceptional value. This property is ideal for developers seeking to capitalize on Nashville's robust economic growth and burgeoning real estate market. A survey is available upon request. Both parcels must be purchased together. The asking price for this significant land holding is $11,000,000. This is a rare chance to acquire a substantial tract of land in one of the nation's fastest-growing cities.

    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
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7672
    Latitude
    36.2093
    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
    $19,087
    $258,200
    $328,360
    $586,560
    -
    $645,500
    $820,900
    $1,466,400

    Comparable in this City

    • Value Estimation by Request
      2,036 SF

      306 Trinity Ln

      SERVICE STATION (FULL SERVICE) • 2,036 SF
      306 Trinity Ln, Nashville, TN 37207-4524
      View Details
    • Value Estimation
      $1,675,000
      1,288 SF

      613 Douglas Ave

      SERVICE STATION (FULL SERVICE) • 1,288 SF
      613 Douglas Ave, Nashville, TN 37207-5500
      View Details
    • Value Estimation
      $2,620,000
      4,750 SF

      3855 Dickerson Pike

      SERVICE STATION (FULL SERVICE) • 4,750 SF
      3855 Dickerson Pike, Nashville, TN 37207-1317
      View Details
    • Value Estimation by Request
      2,142 SF

      2525 Whites Crk Pike

      SERVICE STATION (FULL SERVICE) • 2,142 SF
      2525 Whites Crk Pike, Nashville, TN 37207-3822
      View Details
    • Value Estimation by Request
      1,800 SF

      103 Donald St

      SERVICE STATION (FULL SERVICE) • 1,800 SF
      103 Donald St, Nashville, TN 37207-4529
      View Details
    • Value Estimation by Request
      1,682 SF

      3001 Dickerson Pike

      SERVICE STATION (FULL SERVICE) • 1,682 SF
      3001 Dickerson Pike, Nashville, TN 37207-2901
      View Details

    Similar Nearby for Sale

    • $3,200,000
      1,904 SF

      Profitable Gas Station on Dickerson

      Gas station with convenience store in high-traffic Nashville location.
      2705 Dickerson Pike, Nashville, TN 37207
      View Details
    • $5,000,000

      Dickerson Pike Commercial Showroom

      17,568 SF showroom on Dickerson Pike, Nashville. For sale.
      3800 Dickerson Pike, Nashville, TN 37207
      View Details
    • $1,100,000
      1,368 SF

      Retail Building Near Nissan Stadium

      Retail building in East Nashville near Nissan Stadium.
      1015 Whites Creek Pike, Nashville, TN 37207
      View Details
    • $700,000
      24,572 SF

      Nashville Retail Space For Sale

      Retail property with EV charging and food truck suite.
      2501 Brick Church Pike N, Nashville, TN 37207
      View Details
    • Contact for pricing
      4,000 SF

      Nashville Commercial Property on Meridian

      4,000 SF building on 1.7 AC lot near East Bank.
      908 Meridian St, Nashville, TN 37207
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      East Nashville Commercial Space For Rent

      Flexible commercial space in East Nashville's Meridian Street neighborhood.
      804 Meridian St, Nashville, TN 37207
      View Details
    • $30 SF/Yr

      East Nashville Flexible Retail Space

      Adaptable retail space in vibrant East Nashville neighborhood.
      1531 Jones Ave, Nashville, TN 37207
      View Details
    • Contact for pricing
      2,556 SF

      Retail Space Near I-24 & I-65

      Retail space available with ample parking and highway access.
      3053-3073 Brick Church Pike, Nashville, TN 37207
      View Details
    • Contact for pricing
      2,850 SF

      Creative Space in Nashville

      Creative headquarters in Nashville's next great economic expansion.
      1010 Whites Creek Pike, Nashville, TN 37207
      View Details
    • $35 SF/Yr

      East Nashville Flexible Retail Space

      3,000+ SF space in East Nashville's vibrant community.
      1531 Jones Ave, Nashville, TN 37207
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Nashville

      4,000 square feet of retail space for rent.
      908 Meridian St, Nashville, TN 37207
      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.
    2408 Dickerson Pike
    Nashville, TN 37207-4536
    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
    2408 Dickerson Pike, Nashville, TN, 37207
    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!