Mixed-Use Property With Office
For Sale
$829,900
Pending
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
Days on Market50
Property Features for 127 Powell Dr
General Information
Standard status
Pending
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 · License #350769
(615) 268-6604
Source:
Nashvillehouses
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 4:21PM
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
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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 / Yr
$56,049
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
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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
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
