The Two Buildings total 12,962(+) SF with Ample Parking For Sale
Property size:
12,962 SF
Description
Added:
May 15, 2025
Days on Market:
247
A Nashville haven for your business to thrive! This charming and flexible property features a renovated and remodeled 1925 Bungalow and a 9,395 square-foot flex-use facility in the rear. The two buildings total 12,962(+) square feet with ample parking.
The Bungalow combines comfort & functionality, boasting warm interior finishes and custom cabinetry. It includes up to nine offices that can be organized into three complete suites over two floors, providing a versatile environment for one or more businesses. The upstairs suite can serve as a private living quarter, with a separate entrance and outdoor deck, adding a touch of exclusivity to the property.
A courtyard connects the Flex-Use Facility and includes five spacious working studios, two loading docks, and a lower drive-in warehouse. This building has 600 amps of three-phase power and ceilings that rise to 14-feet high.
This location is prime—on the peak of a hilltop with magical sunset views, on a quiet street with easy access to I-65 and 440—situated off the first exit from downtown Nashville. It is an ideal space for artists, entrepreneurs, and innovators. This central location is perfect for use as a working or sound studio, a high-tech shop, medical lab, a retail experience, or limited manufacturing.
There's also a 4-unit STR available for purchase at 2604 Westwood Dr. Ask the agent for details.
This location is prime—on the peak of a hilltop with magical sunset views, on a quiet street with easy access to I-65 and 440—situated off the first exit from downtown Nashville. It is an ideal space for artists, entrepreneurs, and innovators. This central location is perfect for use as a working or sound studio, a high-tech shop, medical lab, a retail experience, or limited manufacturing. If you seek the convenience of a live-work property, the Mixed-Use zoning of Berry Hill’s Franklin Road business district provides a cohesive way to combine living & working. Secure a piece of Nashville’s history (without overlay restrictions) in the heart of the eclectic, energetic, and growing community of Berry Hill!
Located inside of Nashville, the renowned City of Berry Hill has over 60 music agencies & recording studios, and an efficient police department. Mangia, an Italian event. .1 mi. M.L.Rose Pub (& more!) .2 mi. 2 major grocery stores .5 mi. Zanie’s Comedy Club .6 mi. GEODIS Soccer Stadium. 1 mi. Universities: Belmont Campus 1.3 mi. Vanderbilt Campus 2.1 mi. David Lipscomb Campus. 2 mi. Bridgestone Arena 2.4 mi. Ryman Auditorium 2.5 mi. Nissan Football Stadium 3.5 mi. BNA International Airport. 5.5 mi.
Property Features for 2606 Westwood Dr
General Information
Property type
Flex space
Square Feet
12,962 SF
Price / Square Foot
$482
Class
B
Elevators
N/A
Building Details
Year Built
2018
Buildings
2
Stories
2
HighLights
The Bungalow’s main floor of 2,240 sq‑ft:
• 5 Offices with original oak flooring
- one office (the library) has built‑in shelving, desk & filing cabinets,
- one office has a built‑in desk & filing cabinets,
• Plus a Reception Office/Great Room (a 6th office),
• Two restrooms, one with a shower
• a front corner conference room, and
• a copier room with built‑in cabinetry, office kitchenette and side deck.
• The 1,327 sq‑ft upstairs space can be utilized as offices, or a separate office suite, or a private living quarter
• 3 private Rooms/Offices,
• a full bathroom, walk‑in dual shower, washer/dryer
• a full kitchen with custom cabinetry, gas range, & dishwasher; and
• an upper deck connecting to the rear work studios.
• In addition to the 3,567 sq‑ft of space above, is a 1,040 sq‑ft basement with clean storage space.
The rear Flex‑Use Facility includes:
• an upstairs 1,097 sq‑ft private Office & Creative Studio (#1)
with a 10‑foot vaulted ceiling & solid hickory flooring (50psf).
• The main floor Work Studios includes:
- a 14‑foot‑high vaulted ceiling within a 2,404 sq‑ft area across
Work Studios #2 & 4 with commercial load‑rated wood floors (90psf);
- a 13‑foot‑high vaulted ceiling in a 912 sq‑ft Work Studio (#3)
with a solid concrete floor on grandular fill, & a loading dock;
- and a second raised dock in a 1,177 sq‑ft area (#2) with
prestressed hollow‑core concrete slab flooring (100psf).
• The 3,565 sq‑ft lower level drive‑in Warehouse has:
- an 18‑foot‑wide overhead door with 7´9˝ & 8´8˝ ceiling,
- concrete slab flooring on grade, and includes
- a 1,177 sq‑ft Work Studio with a 9‑foot high ceiling (#5)
with a steel fire‑rated roll‑up safety door.
Flex space - The Two Buildings total 12,962(+) SF with Ample Parking For Sale
Where is this flex space located?
The property is located at 2606 Westwood Dr Nashville, TN.
What is the asking price?
The asking price for this property is $6,249,000.
What are key features of this property?
This property features: The Bungalow’s main floor of 2,240 sq-ft:
• 5 Offices with original oak flooring
- one office (the library) has built-in shelving, desk & filing cabinets,
- one office has a built-in desk & filing cabinets,
• Plus a Reception Office/Great Room (a 6th office),
• Two restrooms, one with a shower
• a front corner conference room, and
• a copier room with built-in cabinetry, office kitchenette and side deck.
• The 1,327 sq-ft upstairs space can be utilized as offices, or a separate office suite, or a private living quarter
• 3 private Rooms/Offices,
• a full bathroom, walk-in dual shower, washer/dryer
• a full kitchen with custom cabinetry, gas range, & dishwasher; and
• an upper deck connecting to the rear work studios.
• In addition to the 3,567 sq-ft of space above, is a 1,040 sq-ft basement with clean storage space.
The rear Flex-Use Facility includes:
• an upstairs 1,097 sq-ft private Office & Creative Studio (#1)
with a 10-foot vaulted ceiling & solid hickory flooring (50psf).
• The main floor Work Studios includes:
- a 14-foot-high vaulted ceiling within a 2,404 sq-ft area across
Work Studios #2 & 4 with commercial load-rated wood floors (90psf);
- a 13-foot-high vaulted ceiling in a 912 sq-ft Work Studio (#3)
with a solid concrete floor on grandular fill, & a loading dock;
- and a second raised dock in a 1,177 sq-ft area (#2) with
prestressed hollow-core concrete slab flooring (100psf).
• The 3,565 sq-ft lower level drive-in Warehouse has:
- an 18-foot-wide overhead door with 7´9˝ & 8´8˝ ceiling,
- concrete slab flooring on grade, and includes
- a 1,177 sq-ft Work Studio with a 9-foot high ceiling (#5)
with a steel fire-rated roll-up safety door.
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2606 Westwood Dr Nashville, TN 37204
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Realmo Value Estimations
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.
AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Realmo CapRate Calculation
Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.
How We Calculate Cap Rate
Cap Rate Formula: Cap Rate (%) = (Net Operating Income / Property Value) × 100
Net Operating Income (NOI) Formula: NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)
Components
Net Operating Income (NOI) represents the annual income a property generates after operating expenses:
Area: Building square footage from property records
Lease Rate: Annual $/sqft based on market data for the property type and geographic location
Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
Operating Expense Ratio: Operating costs as a percentage of income, varies by property type
Property Value is derived from:
Recent sale price (if available)
Statistical models using comparable sales
AI-powered valuation estimates
Example Calculation
For a 100,000 sqft Office Building:
Lease Rate: $25.00/sqft/year (market data for Office in this area)
Vacancy Rate: 8% (market data for Office in this area)
Operating Expense Ratio: 35% (typical for Office properties)
Property Value: $15,000,000
Step 1: Calculate NOI
NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35) NOI = 100,000 × $25.00 × 0.92 × 0.65 NOI = $1,495,000/year
Step 2: Calculate Cap Rate
Cap Rate = ($1,495,000 / $15,000,000) × 100 Cap Rate = 9.97%
Property Type Considerations
Net Operating Income calculations vary by property type due to different operating expense ratios:
Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
Retail: Moderate expenses (25-35%) for common area maintenance
Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
Multifamily: Moderate expenses (35-45%) including property management
Self-Storage: Lower expenses (25-35%) due to minimal maintenance
Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.
Disclaimer
These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.
Cap Rate calculations depend on market data that may change over time
Actual operating expenses, lease rates, and vacancy rates may differ from market averages
Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
Property value estimates are approximations and not official appraisals
Cap rates vary widely by market, property condition, and investment risk profile
Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Stat Estimate
This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all similar sales ($/sqft) are above this value
Range-to: 75% of all similar sales ($/sqft) are below this value
AI Estimate
This method estimates value based on AI market estimation of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all estimations ($/sqft) are above this value
Range-to: 75% of all estimations ($/sqft) are below this value
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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2606 Westwood Dr Nashville, TN 37204
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