Mt. Juliet Office Space
For Sale
$650,000
46 W Caldwell St, Mount Juliet, TN 37122
Commercial office space in prime Mt. Juliet location for sale.
Property Size1,181 SF
Price / SF$550.38
Days on Market494
Property Features for 46 W Caldwell St
General Information
Standard status
Active
Size
1,181 SF
Building Details
Year Built
1940
Listing Agency:
THE CROSSLIN TEAM
Listed By:
JASON CROSSLIN
(615) 450-2011
Source:
Corcoran
Added: May 7, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 THE CROSSLIN TEAM
Investment Insights
Based on property information with market context.
Commercial office space is available in a prime location in the heart of Mt. Juliet. The property offers four office spaces plus a reception area with a full kitchen. A concrete access ramp is present at one of the three entrances. A large parking area provides ample space for employee and customer parking. The 1181 square foot property is located at 46 W Caldwell St, Mount Juliet, TN 37122. The lot offers space for potential parking or storage expansion. This location would be suitable for a professional services firm such as a law office, counselor's office, attorney's office, IT company office, business office, title company, real estate company, or engineering office. The property was previously used for many years as the Mt. Juliet Chamber of Commerce location.
Key Highlights
- Prime location in the heart of Mt. Juliet.
- Four office spaces plus a reception area and full kitchen.
- Ample parking for employees and customers.
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
$19,759
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
3.04%
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%
$395,180
$395.2K
Cap Rate 7%
$282,271
$282.3K
Cap Rate 9%
$219,544
$219.5K
Market Conditions
NOI Build-Up for 1,181 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
$31.2K $26.40/SF
− Vacancy
−$4.8K −$4.09/SF
EGI
$26.3K $22.31/SF
− OpEx
−$6.6K −$5.58/SF
NOI
$19.8K $16.73/SF
Area
Wilson 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%
$395,180
Cap Rate 7%
$282,271
Cap Rate 9%
$219,544
Alternative Uses
Best Use
Office B
$282.3K
$247.0K – $329.3K
NOI $19,759 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,407 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
Explore this area
Business Placement
Demographics for 37122, TN
64,018
Population
25,608
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
96%
High-School Grad
111.6 sq mi
ZIP Area
574
Density / Sq Mi
$109,306
Median Household Income
$57,218
Median Earnings
$1,840
Median Rent
$451,800
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 South region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial office space in prime Mt. Juliet location for sale.
Where is this office units located?
The property is located at 46 W Caldwell St Mount Juliet, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location in the heart of Mt. Juliet.; Four office spaces plus a reception area and full kitchen.; Ample parking for employees and customers.
