Quadruplex Office
1016 17th Ave S Nashville, TN 37212
1016 17th Ave S, Nashville, TN, 37212
$1,600,000
For Sale
$1,600,000
Quadruplex office building with three separate entrances, kitchens on each floor, and 10+ on-site parking spaces.
Property Size4,000 SF
Price / SF$400
Days on Market89
Property Features for 1016 17th Ave S
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agency
Coldwell Banker Southern Realty
(615) 957-2850
Listed by
Ashley Boykin
(615) 957-2850
Source
Xome
Added: Apr 24 Updated: Jul 20 at 6:06PM Checked: Jul 21 at 3:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Southern Realty
Investment Insights
Based on property information with market context.
1016 17th Ave S is a four-unit (quadruplex) commercial office building offering a layout designed for professional and creative operations. The interior includes private offices, collaborative bullpens, and conference rooms, with a kitchen on each floor to support day-to-day team needs. The property also features three separate entrances, which can accommodate multiple tenant setups or private client access.
The building is positioned in the heart of Music Row in Nashville, TN. On-site parking is available with 10+ spaces, and additional storage units are offered for rent. An HOA maintains the exterior of the building, helping reduce exterior maintenance responsibilities.
The property is described as freshly painted and move-in ready. With approximately 4,000 square feet of total space, it presents a practical owner-user or multi-suite ownership format.
The building is positioned in the heart of Music Row in Nashville, TN. On-site parking is available with 10+ spaces, and additional storage units are offered for rent. An HOA maintains the exterior of the building, helping reduce exterior maintenance responsibilities.
The property is described as freshly painted and move-in ready. With approximately 4,000 square feet of total space, it presents a practical owner-user or multi-suite ownership format.
Key Highlights
- Quadruplex commercial office building built in 1987
- Three separate entrances for flexible tenant or private client access
- Kitchens on each floor for added convenience for tenants and teams
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.0k | $21.00 |
| − Vacancy | −$17.2k | −$4.31 |
| EGI | $66.8k | $16.70 |
| − OpEx | −$16.7k | −$4.17 |
| NOI | $50.1k | $12.52 |
4,000 SF · lease $21.00/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$715.5K
$626.1K – $834.8K
NOI $50,085 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.0K – $1.19M
NOI $71,280 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
SweetSong Nashville
Recording Studio
Premier Nashville
Theater & Performing Art Venue
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Quadruplex office building with three separate entrances, kitchens on each floor, and 10+ on-site parking spaces.
Where is this office units located?
The property is located at 1016 17th Ave S Nashville, TN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Quadruplex commercial office building built in 1987; Three separate entrances for flexible tenant or private client access; Kitchens on each floor for added convenience for tenants and teams
