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Property profile

3940 Dickerson Pike Nashville, TN 37207

Strip malls
Property ID
US80-0688985
View Sample
9,600 SF 1.14 ac lot Built 1945
Entity Owned 2-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 1,614 square foot flex space, part of a larger 9,600 square foot building, presents a unique opportunity in Nashville's thriving northeastern corridor. Located at 3940 Dickerson Pike, this single-tenant property boasts a prime location with convenient access to Interstate 65, ensuring seamless connectivity to the city's core and beyond. The building itself is a modern, single-story structure constructed in 2022, reflecting a Class B designation. The property sits on a generous 3.32 acres of land, providing ample space and potential for future expansion. The flex space offers significant versatility, ideal for a variety of businesses requiring a blend of warehouse and office space. Six drive-in doors facilitate efficient loading and unloading, while eighteen parking spaces ensure ample accommodation for employees and clients. The property benefits from a robust 3-phase power supply, catering to the needs of businesses with higher energy demands. This is an exceptional opportunity to secure a modern, well-located industrial space in a rapidly growing area of Nashville. The combination of accessibility, modern construction, and ample space makes this property an attractive investment for businesses seeking a strategic foothold in a dynamic market. Don't miss this chance to establish your business in this vibrant and convenient location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1945
Total area 9,600 SF
Lot 1.14 ac (49,658 SF)
Zoning code CS
APN 041-08-0-028-00
UPID US80-0688985

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
  • Brewery & Distillery Bar & Pub
  • Auto Repair Shop
  • Marketing & Advertising Advertising Agency
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.26M
Blend (final) Blend
$2.30M

Owner & transaction history

since 2024
Last sale
$2.3M
3 recorded transactions
2024
$2.3M
2012
Price N/A
2012
$325,000

Zoning & alternative use

CS · Nashville, TN
Zoning description

CS, Commercial Service District. The CS district is intended to provide opportunities for a diverse range of commercial uses that include retail trade and consumer services, automobile sales and repair, small scale custo…

General category COMMERCIAL
Top alternative use upside
Medical building $3.4M +59.0%
Office building $2.8M +33.0%
Warehouse, storage $2.4M +13.3%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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