3150 Nonaville Rd Mount Juliet, TN 37122
This exceptional 21.06-acre parcel presents a rare opportunity for residential development in the desirable Mt. Juliet, Tennessee area. Situated along the picturesque Old Hickory Lake, this property boasts a prime location with significant development potential. Preliminary plans suggest the possibility of creating approximately 45 residential lots, based on the seller's design. The land is zoned for residential use, ensuring a straightforward development process. All essential utilities—gas, water, electricity, and public sewer—are conveniently located at the street, minimizing infrastructure costs. A key advantage is the availability of lakefront dockable lots, a highly sought-after feature for potential homeowners. The property's proximity to the Cedar Creek Yacht Club further enhances its appeal and provides convenient access to recreational amenities. Located at 3150 Nonaville Rd, Mt. Juliet, TN 37122, this property is offered at $5,950,000. This is an unparalleled chance to capitalize on the growing demand for lakefront living in this thriving community. The expansive acreage and strategic location make this an exceptional investment opportunity for discerning developers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.