936 Allen RdNashville, TN 37214

Property Details for 936 Allen Rd

Year built

1987

Lot size

0.46 AC

Property size (Sq ft)

3,216 SF

Zone code

CL

Property type

Healthcare properties

Property subtype

Medical offices

APN

096-13-0-183-00

APU

9613018300

Description

This exceptional 3,000 square foot office building in Nashville, TN, presents a rare owner-user opportunity. Located on a 0.46-acre lot at 936 Allen Road, this single-story, Class B building boasts 18 parking spaces and underwent renovations in 2020. The property features flexible layouts suitable for various businesses, including corporate offices, medical practices, or professional services. Its prime location offers convenient access to major highways, Nashville International Airport, and is only six miles from the central business district. Nearby amenities include hotels, restaurants, shops, and a transit rail station (approximately one mile away). The building benefits from a private patio, new HVAC units installed in 2023, and the potential for cost segregation studies for new owners. Zoned CL, this property is ideal for businesses seeking a strategic location in a vibrant commercial district with excellent visibility and accessibility. The asking price is $1,250,000.

• CAP approach

  CAP return

  Valuation

  6%

  $555,571

  6.5%

  $512,834

  7%

  $476,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,833

  Geo Method

  $276,833

• Alternative Use

  Use

  Valuation

  Residential

  $635,915

  Hospitality

  $582,494

  Educational

  $484,629

  Medical

  $501,296

  Retail

  $753,867

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1509

Longitude

-86.6649

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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