Renovated Flex Space
For Sale
Contact for pricing
117 Lyle Ln, Nashville, TN 37210
Adaptable commercial facility with private offices, open work areas, storage, and employee amenities.
Property Size4,200 SF
Price / SF$331.11
Days on Market48
Property Features for 117 Lyle Ln
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Warehouse
Amenities
on-site fitness center
Building Details
Building Size
4,200 SF
Year Built
1986
Buildings
1
Listing Agency:
Compass
Listed By:
Michael Mike Solomon | KIRBY GROUP · License #382559
(615) 383-6600
Source:
Thefullerproperties
Added: Sep 1
Changed: Oct 7
Last Checked: Oct 16 at 4:29PM
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 Compass
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Investment Insights
Based on property information with market context.
This flex space property combines renovated private offices with open work areas, modern restrooms, and dedicated storage. The building also includes an on-site fitness center and parking for staff, vendors, and customers. Its configuration supports office, distribution, sourcing, and small-scale manufacturing functions.
Constructed in 1986 and located in Nashville, the property is currently leased under a long-term agreement. The adaptable layout and mix of enclosed and open areas provide a practical setup for varied commercial operations.
Constructed in 1986 and located in Nashville, the property is currently leased under a long-term agreement. The adaptable layout and mix of enclosed and open areas provide a practical setup for varied commercial operations.
Key Highlights
- Renovated flex space property with private offices and open work areas
- Modern restrooms and dedicated storage areas
- On‑site fitness center for employees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,346
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,920
$1.1M
Cap Rate 7%
$804,943
$804.9K
Cap Rate 9%
$626,067
$626.1K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$94.5K $21.00/SF
− Vacancy
−$19.4K −$4.31/SF
EGI
$75.1K $16.70/SF
− OpEx
−$18.8K −$4.17/SF
NOI
$56.3K $12.52/SF
Area
Nashville, TN
Vacancy
20.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,920
Cap Rate 7%
$804,943
Cap Rate 9%
$626,067
Alternative Uses
Best Use
Office B
$804.9K
$704.3K – $939.1K
NOI $56,346 @ 7.0% cap · market cap 3.78%
Second Best
Flex RnD
$619.3K
$541.9K – $722.5K
NOI $43,349 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,190 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
331
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 Office in Nashville, TN
Similar Off Market Nearby
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- Que Delicias — 2195 Nolensville Pk, Nashville, TN 37211
- Pioneer College Caterers Inc — 303 Glenrose Ave, Nashville, TN 37210
- Calypso Cafe Catering Office — 2110 Carson St, Nashville, TN 37211
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial facility with private offices, open work areas, storage, and employee amenities.
Where is this flex space located?
The property is located at 117 Lyle Ln Nashville, TN.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Renovated flex space property with private offices and open work areas; Modern restrooms and dedicated storage areas; On‑site fitness center for employees
