Warehouse with Office
For Sale
$469,000
124 Two Mile Pike, Goodlettsville, TN 37072
Includes warehouse space, gated and non-gated parking, and a well-maintained house with five offices.
Property Size2,178 SF
Price / SF$215.34
Days on Market313
Property Features for 124 Two Mile Pike
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
5
Building Details
Year Built
1938
Listing Agency:
BENCHMARK REALTY, LLC
Listed By:
Deidre Duker
(615) 627-7918
Source:
Benchmarkrealtytn
Added: Dec 12, 2025
Changed: Oct 21
Last Checked: Oct 20 at 10:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property combines warehouse space with a well-maintained house that includes a full kitchen, full bathroom, and five offices. The overall layout is flexible and can support a range of retail, office, industrial, and hybrid use scenarios, depending on how a tenant or buyer plans to operate.
The property is located adjacent to Long Hollow Pike and the Goodlettsville town square, with easy access to I-65 and Nashville. Parking includes both gated and non-gated areas, providing options for customers, employees, or operational needs.
Overall, the site offers a practical mix of workspace and office functionality, supported by on-site parking configurations and a layout designed for multiple operating formats.
The property is located adjacent to Long Hollow Pike and the Goodlettsville town square, with easy access to I-65 and Nashville. Parking includes both gated and non-gated areas, providing options for customers, employees, or operational needs.
Overall, the site offers a practical mix of workspace and office functionality, supported by on-site parking configurations and a layout designed for multiple operating formats.
Key Highlights
- Commercial property with warehouse space and a well‑maintained house.
- Year built: 1938.
- On‑site parking includes both gated and non‑gated areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,440
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,800
$728.8K
Cap Rate 7%
$520,571
$520.6K
Cap Rate 9%
$404,889
$404.9K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$57.5K $26.40/SF
− Vacancy
−$8.9K −$4.09/SF
EGI
$48.6K $22.31/SF
− OpEx
−$12.1K −$5.58/SF
NOI
$36.4K $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%
$728,800
Cap Rate 7%
$520,571
Cap Rate 9%
$404,889
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.08M
NOI $184,577 @ 7.0% cap · market cap 39.36%
Second Best
Industrial
$2.23M
$1.95M – $2.60M
NOI $156,046 @ 7.0% cap · market cap 33.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37072, TN
33,065
Population
14,377
Households
2.3
Avg Household Size
40
Median Age
28%
College-Educated
89%
High-School Grad
77.5 sq mi
ZIP Area
427
Density / Sq Mi
$75,514
Median Household Income
$44,313
Median Earnings
$1,359
Median Rent
$340,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Chef's Market Cafe & Takeaway — 900 Conference Dr #9, Goodlettsville, TN 37072
- Firehouse Subs Goodlettsville — 480 Long Hollow Pike, Goodlettsville, TN 37072
Frequently Asked Questions
What type of property is this?
Flex space - Includes warehouse space, gated and non-gated parking, and a well-maintained house with five offices.
Where is this flex space located?
The property is located at 124 Two Mile Pike Goodlettsville, TN.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Commercial property with warehouse space and a well‑maintained house.; Year built: 1938.; On‑site parking includes both gated and non‑gated areas.
