Signalized-Corner Office
For Sale
$595,000
1201 S Graycroft Ave, Madison, TN 37115
Owner-user office property with professional, medical, legal, and service-business potential in a highly accessible commercial setting.
Property Size1,906 SF
Lot Size1.04 Acres
Price / SF$312.17
Days on Market88
Property Features for 1201 S Graycroft Ave
General Information
Standard status
Active
Size
1,906 SF
Lot size
1.04 Acres
Zoning
ON
Additional Details
Road Access
Yes
Building Details
Year Built
1961
Listing Agency:
Keller Williams Realty
Listed By:
Alec Bahmed · License #358430
(615) 425-3600
Source:
Shearonsellsteam
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 15 at 4:14AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,906-square-foot office building sits on approximately 1.04 acres and was constructed in 1961. The property is zoned ON (Office Neighborhood), with existing improvements that support near-term occupancy and fee simple ownership. Its configuration is suited to professional office, legal, medical, and service-oriented operations.
Positioned at a signalized intersection along a primary commuter route, the property records traffic volumes exceeding 16,000 vehicles per day. The corridor connects Madison with Downtown Nashville, and the site is near area courthouses and expanding residential and multifamily development. The combination of arterial exposure, access, and office zoning supports a range of client-facing commercial uses.
Positioned at a signalized intersection along a primary commuter route, the property records traffic volumes exceeding 16,000 vehicles per day. The corridor connects Madison with Downtown Nashville, and the site is near area courthouses and expanding residential and multifamily development. The combination of arterial exposure, access, and office zoning supports a range of client-facing commercial uses.
Key Highlights
- Approximately 1.04 acres with a 1,906‑square‑foot office building
- ON (Office Neighborhood) zoning
- Signalized hard‑corner position on a primary commuter corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,889
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,780
$637.8K
Cap Rate 7%
$455,557
$455.6K
Cap Rate 9%
$354,322
$354.3K
Market Conditions
NOI Build-Up for 1,906 SF
Gross rent
$50.3K $26.40/SF
− Vacancy
−$7.8K −$4.09/SF
EGI
$42.5K $22.31/SF
− OpEx
−$10.6K −$5.58/SF
NOI
$31.9K $16.73/SF
Area
Davidson 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 Rate 5%
$637,780
Cap Rate 7%
$455,557
Cap Rate 9%
$354,322
Alternative Uses
Best Use
Office B
$455.6K
$398.6K – $531.5K
NOI $31,889 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.31M
$2.02M – $2.69M
NOI $161,526 @ 7.0% cap · market cap 27.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 37115, TN
39,821
Population
19,845
Households
2
Avg Household Size
37
Median Age
23%
College-Educated
82%
High-School Grad
21.5 sq mi
ZIP Area
1,852
Density / Sq Mi
$53,034
Median Household Income
$37,215
Median Earnings
$1,263
Median Rent
$271,100
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 building - Owner-user office property with professional, medical, legal, and service-business potential in a highly accessible commercial setting.
Where is this office building located?
The property is located at 1201 S Graycroft Ave Madison, TN.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 1.04 acres with a 1,906‑square‑foot office building; ON (Office Neighborhood) zoning; Signalized hard‑corner position on a primary commuter corridor
