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Property profile

521 Old Hickory Blvd Nashville, TN 37138

OFF-MARKET
Retail properties & Spaces
Property ID
US80-0037477
5,543 SF 0.27 ac lot Built 1930
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Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a three-story, 5,543 square foot building situated on a 0.27-acre lot at 521 Old Hickory Blvd in Nashville, TN. Built in 1930 and renovated in 2018, the property boasts a charming brick exterior and sophisticated interior. Currently operating at 100% occupancy with five tenants, the building generates a current NOI of $42,118, with a pro-forma NOI projected at $113,771. The property features 14 parking spaces and is zoned CS: Commercial Service, allowing for a variety of uses. The building comprises four commercial units, two residential units, and three additional storage units. This value-add or owner-user investment presents a unique chance to capitalize on the vibrant Nashville market. The property's strong existing cash flow, combined with its significant upside potential, makes it an attractive proposition for investors seeking a high-return opportunity in a desirable location. The building's history and architectural details offer a unique character, while its location provides excellent access to local amenities and transportation. Detailed financial information and floor plans are available upon request.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1930
Total area 5,543 SF
Lot 0.27 ac (11,761 SF)
UPID US80-0037477

Cap rate & NOI

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

Location

521 Old Hickory Blvd Nashville, TN 37138
Nashville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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