1223 Hatcher LnColumbia, TN 38401

Property Details for 1223 Hatcher Ln

Year built

1984

Lot size

0.09 AC

Property size (Sq ft)

1,247 SF

Zone code

OCL

Property type

Medical offices

Property subtype

Medical centers

APN

060100J D 02304

APU

060100JD02304

Description

This exceptional commercial property presents a lucrative investment opportunity in the thriving city of Columbia, Tennessee. The 3,354 square foot building sits on a 0.25-acre lot and is comprised of three individual units. Currently, two units are leased to a single medical tenant, while a separate medical provider occupies the third unit. The property boasts a strong current annual rental income exceeding $50,000, offering significant potential for future growth and a projected cap rate between 7% and 10%. This potential is driven by the opportunity to increase rental rates in the future. The strategic location in historic Columbia ensures high visibility and accessibility. Given the existing business operations within the building, showings are best coordinated outside of standard business hours to minimize disruption. This property is ideal for investors seeking a stable, high-return investment in a desirable location with established medical tenants. The building's size and layout offer flexibility for future tenants or potential expansion. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a growing market. The property's current occupancy and strong rental income stream make it an attractive investment with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $215,422

  6.5%

  $198,851

  7%

  $184,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,342

  Geo Method

  $107,342

• Alternative Use

  Use

  Valuation

  Residential

  $246,575

  Hospitality

  $225,862

  Educational

  $187,914

  Medical

  $194,377

  Retail

  $292,311

Location Insight

City

Columbia

County

Maury

State

Tennessee

Latitude

35.6038

Longitude

-87.058

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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