Building Details

Year Built 2020

Buildings 1

Stories 1

Units 1

Listing Agency: Kelty Real Estate

Listed By: Travis J. Kelty · License #TN 295753

Source: Crexi

Added: Mar 11 Changed: Sep 24 Last Checked: Sep 24 at 9:11AM

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Investment Insights

Based on property information with market context.

Located at 1052 Debolt Lane, Centerville, Tennessee, this 7,800 square foot industrial/flex building is situated on 3.75 acres within a business park adjacent to the airport. Constructed in 2020, the property features full climate control, offices, and warehouse space. It is equipped with 3 Phase electric and includes two roll-up doors. The building utilizes geothermal heating and cooling. This property is offered as a sale/leaseback opportunity with a company founded in Nashville over 40 years ago, which is still family owned and operated.

Key Highlights

• Sale/leaseback opportunity with established family‑owned company.
• Modern construction: Built in 2020.
• 7,800 sq ft industrial/flex building on 3.75 acres.**

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$86,697

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.54%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,733,940 $1.7M

Cap Rate 7%

$1,238,529 $1.2M

Cap Rate 9%

$963,300 $963.3K

Market Conditions

NOI Build-Up for 7,800 SF 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.

Gross rent

$140.4K $18.00/SF

− Vacancy

−$7.0K −$0.90/SF

EGI

$133.4K $17.10/SF

− OpEx

−$46.7K −$5.98/SF

NOI

$86.7K $11.11/SF

Area

Hickman County, TN

Vacancy

5.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,733,940

Cap Rate 7%

$1,238,529

Cap Rate 9%

$963,300

Alternative Uses

Best Use

Flex RnD

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,697 @ 7.0% cap · market cap 7.54%

Second Best

Industrial

$791.9K

$692.9K – $923.9K (±1% cap)

NOI $55,432 @ 7.0% cap · market cap 4.82%

Theoretical Best

Office A

$2.29M

$2.00M – $2.67M (±1% cap)

NOI $160,056 @ 7.0% cap · market cap 13.92%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Restaurant Garden Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 37033, TN

7,865

Population

3,848

Households

2

Avg Household Size

44

Median Age

14%

College-Educated

87%

High-School Grad

266.3 sq mi

ZIP Area

30

Density / Sq Mi

$56,455

Median Household Income

$37,199

Median Earnings

$935

Median Rent

$199,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - 7,800 SF industrial/flex building on 3.75 acres.

Where is this flex space located?

The property is located at 1052 Debolt Lane Centerville, TN.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Sale/leaseback opportunity with established family‑owned company.; Modern construction: Built in 2020.; 7,800 sq ft industrial/flex building on 3.75 acres.**