Old Hickory, TN
Commercial Real Estate Market Trends & Data

$340 Avg asking sale price
$128,138 Avg asking lease rate
101,970 SF Avg unit lease size
8,489 SF Avg building size for sale
6.61% Average cap rate

Old Hickory's Demographic Profile

Old Hickory has 9,343 households and a median income of $80,319, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 23,066
# Households 9,343
Median age 44
Median household income $80,319
Avg household size 2.0
Renter-occupied housing units 2,202
5-year population change +4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Old Hickory, TN

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Mount Juliet $305 11,677 SF 5.54%
Nashville $574 11,751 SF 12.12%
Nearby Retail Markets Avg Cost/SF Typical Size
Old Hickory $404 8,393 SF
Madison $353 9,075 SF
Hendersonville $308 8,392 SF
Hermitage $673 4,185 SF
Mount Juliet $628 10,285 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Old Hickory $153 6,750 SF 6.01%
Hermitage $246 12,600 SF 6.01%
Nashville $418 15,221 SF 12.12%

Commercial Properties For Sale in Old Hickory

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

103-107 Mallard Dr

Hendersonville, TN 37075

  • 5,100 SF Industrial Building
  • $1,595,000
For Sale

233 Jackson Meadows Dr

Hermitage, TN 37076

  • 3,742 SF Office Building
  • $1,100,000
For Sale

Former Sakura Japanese Restaurant

Hermitage, TN 37076

  • 6,010 SF Retail Building
  • $2,450,000
For Sale

4219 Lebanon Pike

Hermitage, TN 37076

  • 1,254 SF Retail Building
  • $1,399,900
For Sale

2060 Old Lebanon Dirt Rd

Mt Juliet, TN 37122

  • 12.60 AC Lot
  • 1 Residential Income Lot
  • $1,850,000
For Sale

The Textile Building

Old Hickory, TN 37138

  • 3,023 SF Retail Building
  • $925,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Most Profitable Cities for Multifamily Investments in 2026
Most Profitable Cities for Multifamily Investments in 2026
Data-driven rankings of U.S. cities based on cap rates, pricing, inventory, and renter demand.
What Is a Cap Rate?
What Is a Cap Rate?
How To Calculate This Critical CRE Investment Metric and Why It Matters
How to Buy a Car Wash
How to Buy a Car Wash
Unlock the potential of car wash investments with expert insights on types, costs, and strategies
What Is a Triple-Net Lease? A Guide for CRE Investors
What Is a Triple-Net Lease? A Guide for CRE Investors
A breakdown of how triple-net leases divide costs between landlords and tenants, along with the tax implications and risks investors should weigh before signing.
Net Operating Income (NOI) Calculator
Net Operating Income (NOI) Calculator
Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment
Common Area Maintenance Charges (CAM)
Common Area Maintenance Charges (CAM)
Understand CAM Fees: How Tenants Share Building Operating Costs
Understanding Existing Office Space Conditions
Understanding Existing Office Space Conditions
The Differences Between Shell Space, Full and Partial Build-Outs and Spec Suites
Tenant Improvement Allowance (TIA)
Tenant Improvement Allowance (TIA)
What Is a Tenant Improvement Allowance in Commercial Real Estate?

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Old Hickory pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Old Hickory $340 8,489 SF
Madison $269 8,835 SF
Hendersonville $306 9,474 SF
Hermitage $413 5,828 SF

Regional Demographic Comparison

This comparison places Old Hickory alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Old Hickory or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Old Hickory 23,066 9,343 44 $80,319 2 2,202 4%
Madison 38,926 16,385 39 $53,636 2 9,153 -1%
Hendersonville 65,799 25,309 41 $79,143 3 7,826 10%
Hermitage 38,042 16,406 39 $71,143 2 7,341 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Old Hickory, TN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Old Hickory

View All Commercial Real Estate For Sale in Old Hickory
Is Old Hickory a good market for a first-time commercial real estate investor?

Old Hickory offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Old Hickory?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Old Hickory. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Old Hickory?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Old Hickory. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Old Hickory compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Old Hickory. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Old Hickory acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Old Hickory, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports