Mixed-Use Property With Office
New
For Sale
$829,900
127 Powell Dr, Hendersonville, TN 37075
Combines a rented residence with dedicated office facilities, conference space, secured grounds, and attached garage capacity.
Property Size3,350 SF
Lot Size1.00 Acre
Price / SF$247.73
Days on Market6
Property Features for 127 Powell Dr
General Information
Standard status
Active
Size
3,350 SF
Lot size
1.00 Acre
Building Details
Year Built
1948
Listing Agency:
Exit Real Estate Solutions
Listed By:
T Michelle Yohe 6152686604
(615) 826-0001
Source:
Nashvillehouses
Added: Sep 7
Changed: Sep 11
Last Checked: Sep 11 at 2:22PM
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 Exit Real Estate Solutions
Investment Insights
Based on property information with market context.
This mixed-use property at 127 Powell Drive includes a 1,580-square-foot residential home that is currently rented and a separate office improvement of approximately 1,800 square feet. The office area contains three offices and a conference room equipped with a ramp, multi-lighting, speakers, and features set up for Zoom conference calls. An attached garage provides two 9'6" roll-up doors.
The property encompasses 1 acre in the Town Center Core of Old Town Hendersonville. Security cameras cover the site and remain in place, while a large circular drive supports shared access for multiple renters. Built in 1948, the property offers a combined residential and office configuration with on-site parking and functional workspace improvements.
The property encompasses 1 acre in the Town Center Core of Old Town Hendersonville. Security cameras cover the site and remain in place, while a large circular drive supports shared access for multiple renters. Built in 1948, the property offers a combined residential and office configuration with on-site parking and functional workspace improvements.
Key Highlights
- 1‑acre mixed‑use property in the Town Center Core of Old Town Hendersonville
- 1,580‑square‑foot residential home currently rented
- Approximately 1,800 sq ft of office space with 3 offices and a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,049
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,120,980
$1.1M
Cap Rate 7%
$800,700
$800.7K
Cap Rate 9%
$622,767
$622.8K
Market Conditions
NOI Build-Up for 3,350 SF
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.
Gross rent
$88.4K $26.40/SF
− Vacancy
−$13.7K −$4.09/SF
EGI
$74.7K $22.31/SF
− OpEx
−$18.7K −$5.58/SF
NOI
$56.0K $16.73/SF
Area
Sumner 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,120,980
Cap Rate 7%
$800,700
Cap Rate 9%
$622,767
Alternative Uses
Best Use
Office B
$800.7K
$700.6K – $934.2K
NOI $56,049 @ 7.0% cap · market cap 6.75%
Second Best
Mixed Use
$581.5K
$508.8K – $678.4K
NOI $40,703 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,082 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
Explore this area
Business Placement
Demographics for 37075, TN
71,023
Population
29,600
Households
2.4
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
59.0 sq mi
ZIP Area
1,204
Density / Sq Mi
$97,597
Median Household Income
$50,323
Median Earnings
$1,552
Median Rent
$403,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a rented residence with dedicated office facilities, conference space, secured grounds, and attached garage capacity.
Where is this mixed-use property located?
The property is located at 127 Powell Dr Hendersonville, TN.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: 1‑acre mixed‑use property in the Town Center Core of Old Town Hendersonville; 1,580‑square‑foot residential home currently rented; Approximately 1,800 sq ft of office space with 3 offices and a conference room
