Veterinary Clinic Medical
For Sale
$800,000
124 Harris St, Madison, TN 37115
Its existing clinical layout can serve veterinary, medical, office, or other professional-service operations.
Property Size3,148 SF
Price / SF$254.13
Days on Market44
Property Features for 124 Harris St
General Information
Standard status
Active
Size
3,148 SF
Property subtype
Office
Additional Details
Currently Operating
Yes
Property Use
Veterinary Clinic
Medical Specialty
veterinary
Building Details
Building Size
3,148 SF
Year Built
1970
Buildings
1
Listing Agency:
Bill Dorris & Associates
Listed By:
Bill Dorris · License #263163
(615) 394-6056
Source:
Kirbygrouptn
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 27 at 3:35AM
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 Bill Dorris & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,148-square-foot medical office property in Madison is configured and used as a veterinary clinic. Built in 1970, the building’s existing arrangement is described as suitable for continued clinical, office, or professional-service use.
The property at 124 Harris St is minutes from the Gallatin Road corridor, with access to downtown Nashville, Rivergate, and nearby commercial areas.
The property at 124 Harris St is minutes from the Gallatin Road corridor, with access to downtown Nashville, Rivergate, and nearby commercial areas.
Key Highlights
- 3,148‑square‑foot medical office building
- Currently configured and used as a veterinary clinic
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,669
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,380
$1.1M
Cap Rate 7%
$752,414
$752.4K
Cap Rate 9%
$585,211
$585.2K
Market Conditions
NOI Build-Up for 3,148 SF
Gross rent
$83.1K $26.40/SF
− Vacancy
−$12.9K −$4.09/SF
EGI
$70.2K $22.31/SF
− OpEx
−$17.6K −$5.58/SF
NOI
$52.7K $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%
$1,053,380
Cap Rate 7%
$752,414
Cap Rate 9%
$585,211
Alternative Uses
Best Use
Office B
$752.4K
$658.4K – $877.8K
NOI $52,669 @ 7.0% cap · market cap 6.58%
Second Best
Healthcare Medical
$694.0K
$607.3K – $809.7K
NOI $48,581 @ 7.0% cap · market cap 6.07%
Theoretical Best
Warehouse
$3.81M
$3.33M – $4.45M
NOI $266,781 @ 7.0% cap · market cap 33.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Under-served
Demand for This Use
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
Similar Off Market Nearby
- Madison Veterinary Clinic — 124 Harris St, Madison, TN 37115
Frequently Asked Questions
What type of property is this?
Medical Office Space - Its existing clinical layout can serve veterinary, medical, office, or other professional-service operations.
Where is this medical office space located?
The property is located at 124 Harris St Madison, TN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,148‑square‑foot medical office building; Currently configured and used as a veterinary clinic; Built in 1970
