Multi-Tenant Office Building For
For Sale
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1097 Weston Dr, Mount Juliet, TN
Multi-tenant office building in a fast-growing Tennessee city.
Property Size10,500 SF
Lot Size2.45 Acres
Price / SF$328.57
Days on Market1151
Property Features for 1097 Weston Dr
General Information
Standard status
Active
Size
10,500 SF
Lot size
2.45 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 1097 Weston Dr Contact us- Floor
- 1
- Size
- 1,575 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1097 Weston Dr
- Freestanding Office Building located in the Wilson County Submarket at the corner...
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Contact us
- Floor
- 1
- Size
- 2,200 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, On Available Date
- Sublease
- No
1097 Weston Dr
- Freestanding Office Building located in the Wilson County Submarket at the corner...
show more
Contact us
Listing Agency:
Colliers | Nashville
(615) 850-2700
Listed By:
Sohaila Willis, CCIM · License #293477
(615) 850-2757
Source:
Moodyscre
Added: Jul 20, 2023
Changed: Sep 7
Last Checked: Sep 11 at 7:08AM
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 Colliers | Nashville
Investment Insights
Based on property information with market context.
This multi-tenant office building is located in a rapidly growing city in Tennessee, offering convenient access to Interstate 40, which sees a traffic volume of 84,731 vehicles per day. The property is also located in close proximity to Nashville. The building is currently 100% occupied and has high traffic counts. The property has a size of 10,500 square feet.
Key Highlights
- 100% occupied
- Located in one of the fastest‑growing cities in Tennessee
- Just 3‑minutes from Interstate 40 (84,731 VPD)
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
$175,676
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
5.09%
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%
$3,513,520
$3.5M
Cap Rate 7%
$2,509,657
$2.5M
Cap Rate 9%
$1,951,956
$2.0M
Market Conditions
NOI Build-Up for 10,500 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
$277.2K $26.40/SF
− Vacancy
−$43.0K −$4.09/SF
EGI
$234.2K $22.31/SF
− OpEx
−$58.6K −$5.58/SF
NOI
$175.7K $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%
$3,513,520
Cap Rate 7%
$2,509,657
Cap Rate 9%
$1,951,956
Alternative Uses
Best Use
Office B
$2.51M
$2.20M – $2.93M
NOI $175,676 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$13.77M
$12.05M – $16.06M
NOI $963,820 @ 7.0% cap · market cap 27.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
499
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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 building - Multi-tenant office building in a fast-growing Tennessee city.
Where is this office building located?
The property is located at 1097 Weston Dr Mount Juliet, TN.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 100% occupied; Located in one of the fastest‑growing cities in Tennessee; Just 3‑minutes from Interstate 40 (84,731 VPD)
