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 Market195
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
Listed By:
Lisa Paulson · License #327716
(615) 485-9520
Source:
Benchmarkrealtytn
Added: Apr 4
Changed: Oct 13
Last Checked: Oct 14 at 11:11PM
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 / Yr
$196,589
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
