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    Property profile & analytics

    607 N High St Columbia, TN 38401

    • Office Units
    • 3,209 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0268783
    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.

    Current Use by Public Records

    • Office Units

    Property Details for 607 N High St

    Year built
    1915
    Property size
    3,209 SF
    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Historic home that has CD5 zoning which allows for residential or commercial use. This house was built in 1915 and it has amazing woodwork throughout the house including built-ins, pocket doors, coffered ceiling and leaded glass windows! It has tall ceilings on both floors and hardwood floors throug ... hout. There are so many possibilities and so much potential to renovate the house into an amazing office space with historic charm and character! Sold AS IS. Buyer to verify all info.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Maury
    State
    Tennessee
    Longitude
    -87.0373
    Latitude
    35.617466

    Comparable in this City

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      Corner Lot Near Justice Center

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    • $600,000
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      Versatile Office Space For Sale

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    • $13,500,000

      Versatile Commercial Property on Harley Davidson

      Spacious 38,580 SF building on 5.28 acres.
      1616 Harley Davidson Blvd, Columbia, TN 38401
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      38,580 SF

      Commercial Property on Harley Davidson Blvd

      Versatile commercial property with high visibility and strategic location.
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    • $400,000
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      Prime Columbia Office Space

      Versatile Office Building, Excellent Location
      1300 Hatcher Ln, Columbia, TN 38401
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    Similar Nearby for Sale

    • $339,000
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      Corner Lot Near Justice Center

      Three lots near the Justice Center with utilities in place.
      115 Cemetery Ave, Columbia, TN 38401
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    • $600,000
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      Highway Frontage Commercial Building

      4200 sqft building on nearly two acres.
      3990 Highway 431, Columbia, TN 38401
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      2,400 SF

      Versatile Office Space For Sale

      Office space near Maury Regional Medical Center and downtown Columbia.
      1300 Hatcher Ln, Columbia, TN 38401
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    • $13,500,000

      Versatile Commercial Property on Harley Davidson

      Spacious 38,580 SF building on 5.28 acres.
      1616 Harley Davidson Blvd, Columbia, TN 38401
      View Details
    • Contact for pricing
      38,580 SF

      Commercial Property on Harley Davidson Blvd

      Versatile commercial property with high visibility and strategic location.
      1616 Harley Davidson Blvd, Columbia, TN 38401
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    • $400,000
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      Prime Columbia Office Space

      Versatile Office Building, Excellent Location
      1300 Hatcher Ln, Columbia, TN 38401
      View Details

    Similar Nearby for Lease

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      Office Space Available For Rent

      Single tenant office space available, approximately 3,840 square feet.
      1510-1/2 Hatcher Ln, Columbia, TN 38401
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      Columbia Office Space For Lease

      1,800 sq ft office space, ideal for office or medical.
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      1,059 SF

      Retail/Office Space on Nashville Highway

      Retail or office space with ample parking and signage opportunity.
      1507 Nashville Hwy, Columbia, TN 38401
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    • $8 SF/Yr
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      Prime Columbia Industrial Space

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      Premier Retail Opportunity in Columbia

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      714 Woodland St, Columbia, TN 38401
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    • Contact for pricing

      Retail Space in Columbia, TN

      Food Lion-anchored shopping center with limited competition.
      5021 Trotwood Ave, Columbia, TN 38401
      View Details
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    607 N High St
    Columbia, TN 38401
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    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
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