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Property profile & analytics
FOR SALE
Office Spaces
706 N Main St Columbia, TN 38401
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0756853
For Sale
1 / 78
$1,299,900
706 N Main St, Columbia, TN 38401
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Property summary
AI-generated overview
This stunning 7,599 sq ft mixed-use property at 706 N Main St, Columbia, TN, presents a unique investment opportunity. The Nelson House Hotel, a historic landmark, sits on a 0.27-acre lot just one block from the town square. This property offers immense potential for redevelopment as a boutique hotel (the only one in downtown Columbia), restaurant, meeting space, or even a remarkable primary residence. The building boasts original architectural details including brick, wood flooring, a grand staircase, paneled doorways, transoms, fireplaces, and metal surrounds, all awaiting restoration. Included is a separate small brick building currently used for storage of original architectural elements removed during the beginning of a prior renovation. A significant advantage is the asphalt parking lot to the north, offering buildable space allowing for a structure up to five levels high. Detailed professional floor plans and supporting documentation, including a survey and engineering letter, are available. The property's rich history is well-documented, adding to its unique appeal and investment potential. This is a chance to own a piece of Columbia's heritage and shape its future.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Total area
7,662 SF
Lot
0.27 ac (11,761 SF)
Zoning code
GBD
APN
060099A K 04500
UPID
US80-0756853
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
The Nelson Historic LLC · 2 yrs held
The Nelson Historic LLC
since 2023
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
GBD · Columbia, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+51.5%
Retail stores
$880,000
+14.7%
Auto repair, garage
$840,000
+10.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,600,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$765,000
Current use
MEDICAL BUILDING
$1,160,000
Change: +52% · Conversion: Easy
RETAIL STORES
$880,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$840,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.20M (Aug 9 2023)
Last sale anchor
$1.20M
Aug 9 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$158 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,543
Tax year 2023
Assessed value
$93,000
Assessed 2023
Previous assessed
$93,000
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$31,200
Assessed improvement
$61,800
Land market value
$78,000
Improvement market value
$154,500
Total market value
$232,500
Applied tax rate
60.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1900
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
3
Total area
7,662 SF
Lot
0.27 ac (11,761 SF)
Zoning code
GBD
APN
060099A K 04500
UPID
US80-0756853
Jurisdiction
MAURY
Zoning & alternative use
GBD · Columbia, TN
Zoning GBD · permitted uses
GBD · Columbia, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$765,000
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$840,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
The Nelson Historic LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1330 COLUMBIA AVE, FRANKLIN, TN 37064-3621
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2023
—
The Nelson Historic LLC
Develop Nashville LLC
Quit Claim Deed
related
—
Jul 31, 2023
$1,200,000
Develop Nashville LLC
New Nelson Hotel Ventures LLC
Warranty Deed
$900,000 · Firstbank
Jan 4, 2022
$615,000
New Nelson Hotel Ventures LLC
Sneed Montee
Special Warranty Deed
—
Nov 1, 1988
$52,500
Sam Kuykendall
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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