Pine Wood Office Complex
10541 Cedar Grove Rd, Smyrna, TN 37167
For Sale
$3,500,000
Two-building office complex in high-traffic area near Stonecrest Medical
Property Size9,700 SF
Lot Size0.35 Acres
Price / SF$360.82
Days on Market253
Property Features for 10541 Cedar Grove Rd
General Information
Standard status
Size
Lot size
Property subtype
Amenities
Shingle Roof
Building Details
Year Built
Listing Agency:
BUYER'S AGENT OF NASHVILLE & MID TN
(615) 500-1428
Listed By:
JOHN R PHILLIPS
Source:
Corcoran
Added: Mar 2
Changed: Aug 9
Last Checked: Jul 6 at 9:09PM
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 BUYER'S AGENT OF NASHVILLE & MID TN
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Investment Insights
Based on property information with market context.
The Pine Wood Office Complex consists of two buildings, located at 10541 and 10543 Cedar Grove Road, each containing 4,850 square feet. The total property size is 9,700 square feet. The building at 10541 Cedar Grove Road houses four tenants, while 10543 Cedar Grove Road contains two tenants, one of which is the owning entity. Situated within the Stonecrest Medical Center Complex area, the property benefits from high traffic and close proximity to I-24. Utilities are separately metered for each tenant, who are responsible for paying their pro-rated share of the property taxes. The potential monthly income may be $19,400 per month.
Key Highlights
- High traffic location within Stonecrest Medical Center Complex with close proximity to I‑24.
- Potential monthly income of $19,400.
- Two buildings, each with 4,850 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,212
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,624,240
$2.6M
Cap Rate 7%
$1,874,457
$1.9M
Cap Rate 9%
$1,457,911
$1.5M
Market Conditions
NOI Build-Up for 9,700 SF
Gross rent
$209.5K $21.60/SF
− Vacancy
−$34.6K −$3.56/SF
EGI
$174.9K $18.04/SF
− OpEx
−$43.7K −$4.51/SF
NOI
$131.2K $13.53/SF
Area
Rutherford County, TN
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,624,240
Cap Rate 7%
$1,874,457
Cap Rate 9%
$1,457,911
Alternative Uses
Best Use
Office B
$1.87M
$1.64M – $2.19M
NOI $131,212 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,662 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 37167, TN
61,731
Population
23,694
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
55.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$79,720
Median Household Income
$42,705
Median Earnings
$1,359
Median Rent
$330,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-building office complex in high-traffic area near Stonecrest Medical
Where is this office building located?
The property is located at 10541 Cedar Grove Rd Smyrna, TN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: High traffic location within Stonecrest Medical Center Complex with close proximity to I‑24.; Potential monthly income of $19,400.; Two buildings, each with 4,850 sq. ft.
