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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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