Secured Flex Warehouse with
New
For Sale
$9,850,000
1111 Polk Ave, Nashville, TN 37210
Separate office and customer entrances serve a secured property with room for outdoor storage.
Property Size39,362 SF
Lot Size3.50 Acres
Price / SF$250.24
Days on Market3
Property Features for 1111 Polk Ave
General Information
Standard status
Active
Size
39,362 SF
Lot size
3.50 Acres
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
15 ft
Warehouse Space
31,618 SF
Office Build-Out
7,744 SF
Dock-High Doors
1
Drive-In Doors
3
Power
800 amps
Three-Phase Power
Yes
Building Details
Building Size
39,362 SF
Year Built
1964
Year Renovated
2017
Listing Agency:
Liberty Realty & Auction
Listed By:
Greg Mabey · License #249300
(615) 604-0903
Source:
Chordrealestate
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 11:29PM
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 Liberty Realty & Auction
Investment Insights
Based on property information with market context.
This 39,362-square-foot flex facility combines 31,618 square feet of warehouse area with 7,744 square feet of office space. Set on 3.5 acres, the property includes a laydown and storage yard, separate office and customer entrances, and gated access within a leased electric-fence perimeter. Warehouse features include 15-foot clear height, three drive-in doors, one dock-height door, and a covered outdoor wash bay. Electrical service is 800 AMP, 3 Phase. Built in 1964, the building was renovated in 2017 and has a 2026 TPO roof with new gutters and downspouts and a 20-year manufacturer warranty.
The property is at 1111 Polk Ave in Nashville, with access to I-40, I-24, I-65, and 440.
The property is at 1111 Polk Ave in Nashville, with access to I-40, I-24, I-65, and 440.
Key Highlights
- 39,362 SF building with 31,618 SF of warehouse and 7,744 SF of office space
- 3.5‑acre site with space for laydown and storage
- 15‑foot clear height; three drive‑in doors and one dock‑height door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$379,174
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,583,480
$7.6M
Cap Rate 7%
$5,416,771
$5.4M
Cap Rate 9%
$4,213,044
$4.2M
Market Conditions
NOI Build-Up for 39,362 SF
Gross rent
$614.0K $15.60/SF
− Vacancy
−$30.7K −$0.78/SF
EGI
$583.3K $14.82/SF
− OpEx
−$204.2K −$5.19/SF
NOI
$379.2K $9.63/SF
Area
Nashville, TN
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,583,480
Cap Rate 7%
$5,416,771
Cap Rate 9%
$4,213,044
Alternative Uses
Best Use
Flex RnD
$5.42M
$4.74M – $6.32M
NOI $379,174 @ 7.0% cap · market cap 3.85%
Second Best
Warehouse
$4.40M
$3.85M – $5.13M
NOI $307,831 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$10.02M
$8.77M – $11.69M
NOI $701,431 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
15 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37210, TN
17,134
Population
9,201
Households
1.9
Avg Household Size
32
Median Age
32%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
1,842
Density / Sq Mi
$43,343
Median Household Income
$36,815
Median Earnings
$1,250
Median Rent
$334,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Nashville, TN
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Frequently Asked Questions
What type of property is this?
Flex space - Separate office and customer entrances serve a secured property with room for outdoor storage.
Where is this flex space located?
The property is located at 1111 Polk Ave Nashville, TN.
What is the asking price?
The asking price for this property is $9,850,000.
What are key features of this property?
This property features: 39,362 SF building with 31,618 SF of warehouse and 7,744 SF of office space; 3.5‑acre site with space for laydown and storage; 15‑foot clear height; three drive‑in doors and one dock‑height door
