1400 College Park DrColumbia, TN 38401

Property Details for 1400 College Park Dr

Year built

2003

Construction

FRAME

Lot size

6.22 AC

Property size (Sq ft)

46,370 SF

Property type

Office properties

Property subtype

Other office properties

APN

060101D A 00603

APU

060101DA00603

Description

This ±46,250 square foot, high-quality office building, constructed in 2003, is strategically located in Columbia, Tennessee's Maury County submarket on College Park Drive. The property sits on a 6.22-acre lot and is less than nine miles from Maury County Regional Airport and under three miles from downtown Columbia. Currently occupied by the Tennessee Department of Human Services and the Tennessee Department of Children's Services under a single-tenant lease with approximately 2.1 years remaining (expiring 12/30/2026), this presents a strong investment opportunity. The building has been professionally maintained and offers significant potential for various uses and renovations upon lease expiration. The surrounding area demonstrates strong demographics, with a projected population increase and over $517 million in consumer spending within a five-mile radius. The asking price for this exceptional property is $5,495,000. No lease options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $8,010,514

  6.5%

  $7,394,320

  7%

  $6,866,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,991,530

  Geo Method

  $3,991,530

• Alternative Use

  Use

  Valuation

  Residential

  $9,168,957

  Hospitality

  $8,398,715

  Educational

  $6,987,632

  Medical

  $7,227,948

  Retail

  $10,869,651

Location Insight

City

Columbia

County

Maury

State

Tennessee

Latitude

35.6187

Longitude

-87.0843

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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