Property profile

7960 Nolensville Rd Arrington, TN 37014

OFF-MARKET
Retail space
Property ID
US80-1661085
6,240 SF 2.5 ac lot Built 1970
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4.7-acre commercial land parcel, located at 7960 Nolensville Road in Arrington, Tennessee (zip code 37014), is offered at an asking price of $3,500,000. The property, identified by APN 113 01100 00018113, is currently owned by Circle K Stores, Inc. and zoned 1TCA. Its strategic location near the intersection of Nolensville Road and Murfreesboro Road provides excellent access to major regional roadways, ensuring convenient connectivity throughout the Arrington MSA. The land is currently vacant and presents a unique development opportunity. However, prospective buyers should be aware of specific use restrictions. These restrictions prohibit the property's use for the sale of food and beverages (with limited exceptions for vending machines and sit-down restaurants/bars), convenience store operations, gasoline or motor fuel sales, electronic cigarettes/tobacco sales, off-premises beer and wine sales, food trucks, lottery ticket sales, self-service/full-service car washes, national discount variety stores (including but not limited to Dollar General, Dollar Tree, 99 Cents Only, or Family Dollar), and any uses ancillary to these restricted activities (such as parking lots or stormwater retention ponds). This prime acreage offers significant potential for a variety of commercial ventures, subject to the aforementioned limitations. Detailed zoning information and use restrictions are available upon request. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area of Williamson County.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,240 SF
Lot 2.5 ac (108,900 SF)
APN 094113 01100
UPID US80-1661085

Cap rate & NOI

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

Location

7960 Nolensville Rd Arrington, TN 37014-9145
Arrington metro Census 50103 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.55M
CAP Approach CAP
$1.60M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.38M

Owner & transaction history

since 2023
Last sale
$2.3M
3 recorded transactions
2023
$2.3M
2019
$1.8M
2019
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $3.6M +34.3%

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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