7116 Moores LnBrentwood, TN 37027

  • Retail space
  • 2,472 SF
For Sale
$5,250,000 View listing

Property Details for 7116 Moores Ln

Year built
2009
Construction
FRAME
Lot size
1.28 AC
Property size (Sq ft)
2,472 SF
Property type
Retail space
APN
094053D A 02300
APU
094053DA02300

Description

This exceptional investment opportunity presents a vacant, 2,600 square foot Class B office building situated on a 1.28-acre corner lot in the thriving Cool Springs area of Brentwood, Tennessee. Built in 2009, the property boasts a desirable C-3 zoning, allowing for a variety of commercial uses. With a total daily traffic count exceeding 37,912 vehicles, this location offers unparalleled visibility and accessibility, making it ideal for a range of businesses, including fast food, banking, daycare, retail, boutique hotels, or restaurants. The property is conveniently accessible from both Moores Lane and Galleria Boulevard. The asking price is $5,250,000, representing a 5.00% cap rate. The property is currently vacant, presenting a unique chance for an owner-occupier or investor to customize the space to their specific needs. Land leases are also considered, with a time commitment required to find a suitable investor-purchaser. A virtual 3D tour is available for viewing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $475,274
    6.5%
    $438,715
    7%
    $407,378
  • Comparable approach

    Method
    Valuation
    Relative Method
    $221,301
    Geo Method
    $221,301
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $840,707
    Mixed-Use / Specialty
    $443,144
    Hospitality / Lodging
    $332,923
    Office
    $446,753
    Institutional / Educational
    $462,833
    Residential Income
    $541,514
    Multifamily
    $616,240
    Automotive / Energy
    $396,714
    Parking / Income-Based Land
    $130,980
    Restaurant / Food Service
    $243,272
    Healthcare / Senior Housing
    $448,290

Location Insight

City
Brentwood
County
Williamson
State
Tennessee
Latitude
35.9674
Longitude
-86.8114
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,041
$800,000
$169,640
$969,640
-
$2,000,000
$424,100
$2,424,100

FAQs

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