Leased Medical Office
For Sale
$967,680
7982 Coley Davis Rd 101 & 201, Nashville, TN 37221
NNN leased medical office condos with 7.5% cap rate.
Property SizeContact for details
Lot Size0.40 Acres
Days on Market866
Property Features for 7982 Coley Davis Rd 101 & 201
General Information
Standard status
Active
Lot size
0.40 Acres
Listing Agency:
Keller Williams Realty Nashville/Franklin
(615) 573-5783
Listed By:
Alex Delgado · License #284580
(615) 573-5783
Source:
Exprealty
Added: Apr 12, 2024
Changed: Aug 20
Last Checked: Aug 25 at 9:09AM
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 Nashville/Franklin
Investment Insights
Based on property information with market context.
These architecturally attractive office condominium units are located in a desirable Bellevue (West Nashville) location. Each unit includes a private outdoor patio space enclosed for exclusive use. The property is situated in Harpeth Springs Business Park - Professional Office Condominiums. The first-floor suite features one very large office, one very large meeting room, two large offices and three smaller offices, a bathroom, a storage room, a reception desk with granite counter, and a waiting area. The second-floor suite presently features two very large offices, two large offices, a very large meeting room, a reception area, a kitchen, and three storage closets. The base rent is $24.45 NNN with 3% yearly escalation. CAM fees are $468.75 per month per unit, or $3.81 per sq ft, and include property and casualty insurance, flood insurance, and community maintenance. The tax proration is $251 per month per unit, or $2.04 per sq ft. The property is being offered for sale at $967,680, yielding a minimum 7.5% cap rate, and is available for a 1031 exchange.
Key Highlights
- NNN Leased Investment: Provides a passive income stream with a 7.5% cap rate.
- 5‑Year Medical Lease with Escalation: Secure long‑term tenant with 3% yearly rent increase.
- Desirable Bellevue Location: Situated in a sought‑after West Nashville business park.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37221, TN
42,312
Population
20,323
Households
2.1
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
49.3 sq mi
ZIP Area
858
Density / Sq Mi
$99,083
Median Household Income
$58,191
Median Earnings
$1,778
Median Rent
$432,900
Median Home Value
Market
Vacancy Rate% for Office in Nashville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - NNN leased medical office condos with 7.5% cap rate.
Where is this medical office space located?
The property is located at 7982 Coley Davis Rd 101 & 201 Nashville, TN.
What is the asking price?
The asking price for this property is $967,680.
What are key features of this property?
This property features: NNN Leased Investment: Provides a passive income stream with a 7.5% cap rate.; 5‑Year Medical Lease with Escalation: Secure long‑term tenant with 3% yearly rent increase.; Desirable Bellevue Location: Situated in a sought‑after West Nashville business park.
