Flex Space with Roll-Up
For Sale
$4,650,000
121 Adams Lane, Mount Juliet, TN 37122
Versatile commercial building with oversized rooms, conference areas, and an open mezzanine near I-40.
Property Size11,750 SF
Price / SF$395.74
Days on Market65
Property Features for 121 Adams Lane
General Information
Standard status
Active
Size
11,750 SF
Class
Class A
Property subtype
Commercial
Additional Details
Highway Access
Yes
Dock-High Doors
1
Amenities
conference space
Building Details
Year Built
2005
Buildings
1
Listing Agency:
BENCHMARK REALTY, LLC
(615) 485-9520
Listed By:
Lisa Paulson · License #327716
(615) 485-9520
Source:
Benchmarkrealtytn
Added: Jun 27
Changed: Aug 30
Last Checked: Aug 30 at 5:25AM
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 BENCHMARK REALTY, LLC
Investment Insights
Based on property information with market context.
Built in 2005, this 11,750-square-foot flex property offers a straightforward interior layout with multiple oversized rooms, conference space, and an open mezzanine. An 8x8 roll-up dock door supports receiving and material movement. The configuration can accommodate health care, corporate office, training, educational, entertainment, recreation, and other professional uses identified for the property.
The building is located just off I-40 within a commercial corridor surrounded by restaurants, hotels, shopping, and ongoing commercial development. Its combination of adaptable interior areas and loading access provides a practical foundation for a range of business operations.
The building is located just off I-40 within a commercial corridor surrounded by restaurants, hotels, shopping, and ongoing commercial development. Its combination of adaptable interior areas and loading access provides a practical foundation for a range of business operations.
Key Highlights
- 11,750 SF flex property built in 2005
- 8x8 roll‑up dock door
- Multiple oversized rooms with conference space
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
$196,589
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
4.23%
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%
$3,931,780
$3.9M
Cap Rate 7%
$2,808,414
$2.8M
Cap Rate 9%
$2,184,322
$2.2M
Market Conditions
NOI Build-Up for 11,750 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
$310.2K $26.40/SF
− Vacancy
−$48.1K −$4.09/SF
EGI
$262.1K $22.31/SF
− OpEx
−$65.5K −$5.58/SF
NOI
$196.6K $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%
$3,931,780
Cap Rate 7%
$2,808,414
Cap Rate 9%
$2,184,322
Alternative Uses
Best Use
Industrial
$12.69M
$11.10M – $14.80M
NOI $888,226 @ 7.0% cap · market cap 19.10%
Second Best
Office B
$2.81M
$2.46M – $3.28M
NOI $196,589 @ 7.0% cap · market cap 4.23%
Theoretical Best
Warehouse
$15.41M
$13.48M – $17.98M
NOI $1,078,560 @ 7.0% cap · market cap 23.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Firehouse Subs Mt Juliet — 650 S Mt Juliet Rd #130, Mt. Juliet, TN 37122
- Blue Coast Burrito — 640 S Mt Juliet Rd, Mt. Juliet, TN 37122
- Moe's Southwest Grill — 621 S Mt Juliet Rd, Mt. Juliet, TN 37122
- Buckets N Bowls LLC — 651 S Mt Juliet Rd #514, Mt. Juliet, TN 37122
- Graze Craze Charcuterie Boards & Boxes - Mt. Juliet, TN — 151 Adams Ln Suite 18, Mt. Juliet, TN 37122
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with oversized rooms, conference areas, and an open mezzanine near I-40.
Where is this flex space located?
The property is located at 121 Adams Lane Mount Juliet, TN.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 11,750 SF flex property built in 2005; 8x8 roll‑up dock door; Multiple oversized rooms with conference space
