Multi-Office Building with Conference
For Sale
$525,000
175 W Smith St, Gallatin, TN 37066
Flexible commercial layout includes private offices, client meeting space, a kitchen, and a bathroom with shower.
Property Size2,340 SF
Price / SF$224.36
Days on Market50
Property Features for 175 W Smith St
General Information
Standard status
Active
Size
2,340 SF
Building Details
Year Built
1955
Buildings
1
Building Size
2,340 SF
Listing Agency:
simpliHOM
Listed By:
Danny Sullivan · License #338462
(615) 418-0180
Source:
Grayfoxrealty
Added: Aug 19
Changed: Oct 3
Last Checked: Oct 5 at 10:51PM
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 simpliHOM
Investment Insights
Based on property information with market context.
This 2,340-square-foot office building offers a practical configuration for professional operations, with a front reception area, several private offices, a large conference room, kitchen space, and a bathroom equipped with a shower. The arrangement supports a mix of individual work areas, meetings, and staff functions within a single commercial property.
Built in 1955, the property is located at 175 W Smith St in Gallatin, Tennessee, one block from the historic Gallatin Square. Downtown restaurants, retail shops, businesses, and professional services are nearby, providing convenient access to the surrounding commercial district.
Built in 1955, the property is located at 175 W Smith St in Gallatin, Tennessee, one block from the historic Gallatin Square. Downtown restaurants, retail shops, businesses, and professional services are nearby, providing convenient access to the surrounding commercial district.
Key Highlights
- 2,340‑square‑foot office building
- Multiple private offices and a spacious conference room
- Front waiting area for visitors and clients
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,151
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,020
$783.0K
Cap Rate 7%
$559,300
$559.3K
Cap Rate 9%
$435,011
$435.0K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$61.8K $26.40/SF
− Vacancy
−$9.6K −$4.09/SF
EGI
$52.2K $22.31/SF
− OpEx
−$13.1K −$5.58/SF
NOI
$39.2K $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%
$783,020
Cap Rate 7%
$559,300
Cap Rate 9%
$435,011
Alternative Uses
Best Use
Office B
$559.3K
$489.4K – $652.5K
NOI $39,151 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$819.1K
$716.7K – $955.6K
NOI $57,335 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 37066, TN
59,370
Population
25,939
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
116.3 sq mi
ZIP Area
510
Density / Sq Mi
$78,049
Median Household Income
$43,311
Median Earnings
$1,305
Median Rent
$376,100
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout includes private offices, client meeting space, a kitchen, and a bathroom with shower.
Where is this office building located?
The property is located at 175 W Smith St Gallatin, TN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,340‑square‑foot office building; Multiple private offices and a spacious conference room; Front waiting area for visitors and clients
