Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    601 Mainstream Dr Nashville, TN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    52,490 SF office building with ample parking in Nashville.

    Type:OFFICE
    Property size:
    52,490 SF
    Lot size:
    5.59 Acres
    Added:
    Oct 11, 2023
    Days on Market:
    925
    Last Refresh:
    Apr 5 at 9:58 pm

    Property Features for 601 Mainstream Dr

    General Information

    Standard status
    Active
    Size
    52,490 SF
    Lot size
    5.59 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 601 Mainstream Dr Contact us

    We can help!

    Listing Contact
    Todd C. Alexander

    Listing agent Todd C. Alexander

    Listing office Southeast Venture / CORFAC International

    Listing date Oct 11, 2023

    Source Moodyscre

    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 Southeast Venture / CORFAC International

    Overview

    Nashville Office Building For Sale

    This 52,490 square foot office building is centrally located in Davidson County, conveniently situated within 1 mile of the Interstate System. The property features an open floor plan, card key access control system, interior and exterior security cameras, a large server room, and a generator. It offers ample, free parking at a ratio of 4.4 per 1,000 square feet, totaling 225 spaces. Potential uses for the property include office headquarters, administrative office, data center, clinical lab, wholesale operations, business or vocational school, religious institution, cultural center, and animal hospital.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ronald E. Howard ... Pharmacy Cigna Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.814
    Latitude
    36.1999

    Nearby Similar for Lease

    • $35/mo

      East Nashville Flexible Retail Space

      3,000+ SF space in East Nashville's vibrant community.
      1531 Jones Avenue, Nashville, TN 37207
      View Details
    • $29/mo

      Nashville Midtown Office Space Available

      5,000 SF office space for lease in Nashville's Midtown.
      2909 Poston Avenue, Nashville, TN 37203
      View Details
    • Sponsored
      Contact for pricing

      TN, Nashville - 500 Church Street

      500 Church Street Aly, Unit 3RD, Nashville, TN 37219
      View Details
    • Contact for pricing

      TN, Nashville - 1 Music Circle

      1 Music Cir, Unit 400, Nashville, TN 37203
      View Details
    • Contact for pricing

      TN, Nashville - 315 Deaderick

      315 Deaderick St, Unit 17TH, Nashville, TN 37238
      View Details
    • Contact for pricing

      Spaces Riverfront Park

      222 2Nd Ave, Nashville, TN 37201
      View Details
    • Contact for pricing

      Highland Ridge II

      555 Marriott Dr, Unit 315, Nashville, TN 37214
      View Details
    • Contact for pricing

      American Center

      3102 End Ave, Unit 400, Nashville, TN 37203
      View Details
    • Contact for pricing

      Burton Hills

      40 Burton Hills Blvd, Unit 200, Nashville, TN 37215
      View Details
    • Contact for pricing

      West End

      3200 End Ave, Unit 500, Nashville, TN 37203
      View Details
    • $35/mo

      East Nashville Flexible Retail Space

      Adaptable retail space in vibrant East Nashville neighborhood.
      1531 Jones Avenue, Nashville, TN 37207
      View Details
    • Contact for pricing

      Office Space Near Nashville Airport

      Office space with conference and training areas near the airport.
      1187 Vultee Boulevard, Nashville, TN 37217
      View Details

    FAQs

    What type of property is this?
    Office building - 52,490 SF office building with ample parking in Nashville.
    Where is this office building located?
    The property is located at 601 Mainstream Dr Nashville, TN.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Ample Free Parking: 225 spaces (4.4/1,000); Convenient Location: Centrally located in Davidson County, within 1 mile of the Interstate System; Security Features: Card Key Access Control System, Interior and Exterior Security Cameras
    (615) 250-8672 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Todd C. Alexander
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!