Two Flex/Office Buildings
444 Metroplex Drive Nashville, TN 37211
444 Metroplex Drive, Nashville, TN, 37211
$4,500,000
For Sale
$4,500,000
Two well-maintained flex/office buildings in Nashville, Tennessee.
Property Size49,000 SF
Price / SF$91.84
Days on Market113
Property Features for 444 Metroplex Drive
General Information
- Standard status
- Active
- Size
- 49,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1983
Listing agency
(941) 504-4222
Listed by
Justin Sturdivant · License #TN #333989
(941) 504-4222
Source
Franklinst
Added: Apr 1 Updated: Jul 10 at 3:56PM Checked: Jul 10 at 3:56PM
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 Justin Sturdivant
Investment Insights
Based on property information with market context.
The Metroplex Portfolio presents an opportunity to acquire two flex/office buildings, totaling approximately 49,000 square feet. The portfolio includes 444 Metroplex Drive (Building A) and 1221 Antioch Pike (Building B), both situated within the Metroplex Business Park in Southeast Nashville, Tennessee. This area is recognized for its strong tenant base and accessibility to major employment centers. The properties feature a functional layout suitable for traditional office, service, and medical uses. The existing tenant mix offers staggered lease terms. There is an opportunity to enhance rental income through market rent adjustments, lease-up, and cosmetic upgrades. The location provides connectivity to Interstates 24, 40, and 65, and is located six miles from Nashville International Airport (BNA) and minutes from downtown Nashville.
Key Highlights
- Two‑building portfolio totaling approximately 49,000 SF of flex/office space.
- Located in the established Metroplex Business Park in Southeast Nashville.
- High accessibility to Interstates 24, 40, and 65, and close proximity to Nashville International Airport (BNA).
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $588.0k | $12.00 |
| − Vacancy | −$29.4k | −$0.60 |
| EGI | $558.6k | $11.40 |
| − OpEx | −$195.5k | −$3.99 |
| NOI | $363.1k | $7.41 |
49,000 SF · lease $12.00/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$9.47M
$8.29M – $11.05M
NOI $662,823 @ 7.0% cap · market cap 14.73%
Second Best
Flex RnD
$5.19M
$4.54M – $6.05M
NOI $363,090 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$14.36M
$12.57M – $16.76M
NOI $1,005,480 @ 7.0% cap · market cap 22.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
STREETZ 99.3
Radio Station
Psychological Services Inc
Physician
Archangel Protective Services ...
Security Service
Ability
Physician
Christ Apostolic Church ...
Church
Similar For Sale Nearby
Similar Off Market Nearby
- Indian catering (hena) — 268 Wallace Rd, Nashville, TN 37211
- Beyond Gravy — 5131 Harding Pl, Nashville, TN 37211
FAQs
What type of property is this?
Flex space - Two well-maintained flex/office buildings in Nashville, Tennessee.
Where is this flex space located?
The property is located at 444 Metroplex Drive Nashville, TN.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two‑building portfolio totaling approximately 49,000 SF of flex/office space.; Located in the established Metroplex Business Park in Southeast Nashville.; High accessibility to Interstates 24, 40, and 65, and close proximity to Nashville International Airport (BNA).
