Flex Warehouse with Office
For Sale
$1,199,900
1108 Highway 70, Dickson, TN 37055
Includes finished office space plus warehouse area on a recently paved lot with room behind for parking or expansion.
Property Size5,500 SF
Price / SF$218.16
Days on Market116
Property Features for 1108 Highway 70
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Mixed Use
Amenities
3
Building Details
Year Built
1970
Listing Agency:
Crye-Leike, Inc., REALTORS
(615) 519-9179
Listed By:
Jon Stevens
(615) 519-9179
Source:
Xome
Added: May 7
Changed: Aug 25
Last Checked: Aug 29 at 7:01AM
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 Crye-Leike, Inc., REALTORS
Investment Insights
Based on property information with market context.
This flex-style property offers approximately 2,800 square feet of finished space and approximately 2,700 square feet of warehouse space. The building includes a nicely finished office suite, designed to support day-to-day business operations alongside warehouse use.
Located in the heart of Dickson on Highway 70 E, the property sits on a large lot that has been recently paved. There is also space behind the building that can support additional parking or future expansion.
With both office and warehouse components, the layout is suited for users seeking a combined work-and-storage configuration in a single property.
Located in the heart of Dickson on Highway 70 E, the property sits on a large lot that has been recently paved. There is also space behind the building that can support additional parking or future expansion.
With both office and warehouse components, the layout is suited for users seeking a combined work-and-storage configuration in a single property.
Key Highlights
- Year built 1970 with approximately 2,800 sq ft of finished space and 2,700 sq ft of warehouse space
- Finished office suite included with the finished portion of the building
- Large lot recently paved for improved parking access
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
$92,021
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
7.67%
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%
$1,840,420
$1.8M
Cap Rate 7%
$1,314,586
$1.3M
Cap Rate 9%
$1,022,456
$1.0M
Market Conditions
NOI Build-Up for 5,500 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
$145.2K $26.40/SF
− Vacancy
−$22.5K −$4.09/SF
EGI
$122.7K $22.31/SF
− OpEx
−$30.7K −$5.58/SF
NOI
$92.0K $16.73/SF
Area
Dickson County, TN
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,840,420
Cap Rate 7%
$1,314,586
Cap Rate 9%
$1,022,456
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $92,021 @ 7.0% cap · market cap 7.67%
Second Best
Flex RnD
$873.3K
$764.2K – $1.02M
NOI $61,133 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,860 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37055, TN
29,319
Population
12,160
Households
2.4
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
201.7 sq mi
ZIP Area
145
Density / Sq Mi
$69,283
Median Household Income
$41,808
Median Earnings
$1,034
Median Rent
$258,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Includes finished office space plus warehouse area on a recently paved lot with room behind for parking or expansion.
Where is this flex space located?
The property is located at 1108 Highway 70 Dickson, TN.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Year built 1970 with approximately 2,800 sq ft of finished space and 2,700 sq ft of warehouse space; Finished office suite included with the finished portion of the building; Large lot recently paved for improved parking access
