Building Details

Year Built 1964

Listing Agency: Baker Group Realty k***@bakergrouprealty.com Show Phone

Listed By: Melissa Pacco · License #350822 Show Phone

Source: Movehomenashville

Added: Oct 1 Changed: Oct 29 Last Checked: Oct 29 at 2:38PM

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Investment Insights

Based on property information with market context.

This 2,640-SF office unit occupies a building constructed in 1964. Its layout includes a lobby, front office, additional office area, two separate bathrooms, a break room, and a large rear conference or storage room. A vault offers another enclosed space, while an existing drive-through box and depository provide additional features. Large front windows bring natural light into the premises.

The property is at 112 Hay Long Ave in Mount Pleasant, with access to Downtown Mount Pleasant. A private paved parking lot has approximately 28 spaces scheduled for fresh striping. The space is offered on an NNN basis, with a preferred lease term of 3–5 years and availability beginning November 1, 2026.

Key Highlights

• 2,640 SF of office space in a building constructed in 1964
• Layout includes a lobby, private front office, additional office area, break room, and rear conference or storage room
• Two independent bathrooms and a vault

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,170

Suggested Prices Based on Cap Rates

Cap Rate 5%

$883,400 $883.4K

Cap Rate 7%

$631,000 $631.0K

Cap Rate 9%

$490,778 $490.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,640 SF

Gross rent

$69.7K $26.40/SF

− Vacancy

−$10.8K −$4.09/SF

EGI

$58.9K $22.31/SF

− OpEx

−$14.7K −$5.58/SF

NOI

$44.2K $16.73/SF

Area

Maury 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 Rate 5%

$883,400

Cap Rate 7%

$631,000

Cap Rate 9%

$490,778

Alternative Uses

Best Use

Office B

$631.0K

$552.1K – $736.2K (±1% cap)

NOI $44,170 @ 7.0% cap · market cap 1,766.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$773.9K

$677.2K – $902.9K (±1% cap)

NOI $54,173 @ 7.0% cap · market cap 2,166.92%

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

Open Analytics

Current Use

Muletown Hemp Physician TRISTAR BANK Bank

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Building Supply

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

226

Businesses Nearby

Explore this area Business Placement

Demographics for 38474, TN

8,045

Population

3,687

Households

2.2

Avg Household Size

40

Median Age

12%

College-Educated

91%

High-School Grad

104.2 sq mi

ZIP Area

77

Density / Sq Mi

$63,711

Median Household Income

$37,223

Median Earnings

$793

Median Rent

$228,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office unit - A dedicated paved lot provides convenient parking for staff and visitors.

Where is this office unit located?

The property is located at 112 Hay Long Ave Mount Pleasant, TN.

What are key features of this property?

This property features: 2,640 SF of office space in a building constructed in 1964; Layout includes a lobby, private front office, additional office area, break room, and rear conference or storage room; Two independent bathrooms and a vault