933 Visco DrNashville, TN 37210

  • Office properties
  • 3,346 SF
For Sale
$2,350,000 View listing

Property Details for 933 Visco Dr

Year built
1986
Lot size
0.64 AC
Property size (Sq ft)
3,346 SF
Zone code
IR
Property type
Office properties
Property subtype
Office buildings
APN
094-10-0-041-00
APU
9410004100

Description

This 8,240-square-foot warehouse in Nashville, Tennessee, presents a unique owner-user or investment opportunity. Located at 933 Visco Dr, this single-story, 1986-built building sits on a 0.64-acre lot zoned IR, OV-FLD. The property boasts one dock-high door and offers 100% occupancy. Priced at $2,350,000 ($285.19/sq ft), it's ideally situated approximately 2.5 miles from downtown Nashville, providing convenient access to interstates I-40 (approximately 1.0 miles) and I-24 (approximately 2.0 miles). The property benefits from strong submarket fundamentals, with limited industrial development and low vacancy rates, creating high demand for similar properties. This presents a rare chance to acquire a well-located, functional warehouse in a thriving market. The building's single-tenant occupancy ensures a stable investment, while its size and features make it suitable for a variety of owner-user applications. The strategic location and favorable market conditions make this an attractive proposition for both investors and businesses seeking a functional and well-positioned space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $578,028
    6.5%
    $533,565
    7%
    $495,453
  • Comparable approach

    Method
    Valuation
    Relative Method
    $288,024
    Geo Method
    $288,024
  • Alternative Use

    Use
    Valuation
    Residential
    $661,620
    Hospitality
    $606,041
    Educational
    $504,219
    Medical
    $521,560
    Retail
    $784,340
933 Visco Dr, Nashville, Tennessee

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.1585
Longitude
-86.7406
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
$12,816
$55,760
$338,080
$393,840
-
$139,400
$845,200
$984,600

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