Industrial Building with Interstate
For Sale
Contact for pricing
133 Charter Pl, La Vergne, TN 37086
Industrial building with partial tenant occupancy and substantial space available, zoned C-2 near I-24 Exit 64.
Property Size20,400 SF
Price / SF$235.05
Days on Market232
Property Features for 133 Charter Pl
General Information
Standard status
Active
Size
20,400 SF
Property subtype
INDUSTRIAL
Zoning
C-2
Additional Details
Highway Access
Yes
Listing Agency:
Charles Hawkins Co.
(615) 256-3189
Listed By:
John Powell "J.P." Lowe
(615) 345-7212
Source:
Moodyscre
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 28 at 8:39AM
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 Charles Hawkins Co.
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 industrial building totals 20,400 SF, with an existing tenant occupying 10,371 SF through 11/30/2028. Approximately 11,029 SF is available to occupy or lease. The property is zoned C-2.
The asset offers interstate visibility and is described as having excellent access to I-24, Exit 64 via Waldron Rd.
For buyers or tenants evaluating space planning, the configuration supports a combination of continued in-place occupancy and additional available area under the current zoning.
The asset offers interstate visibility and is described as having excellent access to I-24, Exit 64 via Waldron Rd.
For buyers or tenants evaluating space planning, the configuration supports a combination of continued in-place occupancy and additional available area under the current zoning.
Key Highlights
- ±20,400 SF industrial building with partial tenant occupancy.
- Tenant occupies 10,371 SF through 11/30/2028.
- 10,029 SF available to occupy or lease.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,824
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,276,480
$3.3M
Cap Rate 7%
$2,340,343
$2.3M
Cap Rate 9%
$1,820,267
$1.8M
Market Conditions
NOI Build-Up for 20,400 SF
Gross rent
$198.9K $9.75/SF
− Vacancy
−$6.2K −$0.30/SF
EGI
$192.7K $9.45/SF
− OpEx
−$28.9K −$1.42/SF
NOI
$163.8K $8.03/SF
Area
Rutherford County, TN
Vacancy
3.10%
Lease Rate
$9.75 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,276,480
Cap Rate 7%
$2,340,343
Cap Rate 9%
$1,820,267
Alternative Uses
Best Use
Warehouse
$2.34M
$2.05M – $2.73M
NOI $163,824 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.05M
$6.17M – $8.23M
NOI $493,517 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37086, TN
37,463
Population
13,282
Households
2.8
Avg Household Size
32
Median Age
23%
College-Educated
89%
High-School Grad
24.8 sq mi
ZIP Area
1,511
Density / Sq Mi
$79,285
Median Household Income
$39,943
Median Earnings
$1,716
Median Rent
$268,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- WALDRON RD MINI STORAGE, LLC — 599 waldron rd, la vergne, tn 37086
- Waldron Road Storage | Self Storage — 599 Waldron Rd, La Vergne, TN 37086
- Door to Door Storage — 225 Industrial Blvd, La Vergne, TN 37086
- The Armstrong Company — 100 Armstrong Ct, La Vergne, TN 37086
- Guardian Moving Systems Of Nashville — 423 Mason Rd Ste D, La Vergne, TN 37086
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with partial tenant occupancy and substantial space available, zoned C-2 near I-24 Exit 64.
Where is this warehouse located?
The property is located at 133 Charter Pl La Vergne, TN.
What is the asking price?
The asking price for this property is $4,795,000.
What are key features of this property?
This property features: ±20,400 SF industrial building with partial tenant occupancy.; Tenant occupies 10,371 SF through 11/30/2028.; 10,029 SF available to occupy or lease.
