Two-Level Office
For Sale
Contact for pricing
2908-2910 Poston Ave, Nashville, TN 37203
Multi-suite property with front and rear parking and a partially finished attic.
Property Size12,664 SF
Lot Size0.47 Acres
Price / SF$394.82
Days on Market533
Property Features for 2908-2910 Poston Ave
General Information
Standard status
Active
Size
12,664 SF
Lot size
0.47 Acres
Property subtype
OFFICE
Zoning
ORI
Occupancy
88%
Additional Details
Office Units
4
Building Details
Year Built
1988
Buildings
1
Stories
2
Building Size
12,664 SF
Tenancy
Multi
Listing Agency:
Horrell Company
(615) 604-7425
Listed By:
Laura Grider · License #313678
(615) 604-7425
Source:
Moodyscre
Added: Mar 17, 2025
Changed: Aug 29
Last Checked: Aug 31 at 1:12PM
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 Horrell Company
Investment Insights
Based on property information with market context.
This office building contains four tenant suites across two levels, with a partially finished attic providing additional interior area. The property totals 12,664+ square feet on 0.47 acres and was built in 1988. Select suites have been renovated within the past two years, and current occupancy is 88%.
Parking is available at both the front and rear of the building. The property is zoned Office Residential Intensive (ORI) and is located at 2908-2910 Poston Ave in Nashville, Tennessee.
Parking is available at both the front and rear of the building. The property is zoned Office Residential Intensive (ORI) and is located at 2908-2910 Poston Ave in Nashville, Tennessee.
Key Highlights
- 12,664+ Total SF office building on 0.47 Acres
- Four tenant suites across two levels with a partially finished attic
- 88% occupied currently
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
$158,569
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
3.17%
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%
$3,171,380
$3.2M
Cap Rate 7%
$2,265,271
$2.3M
Cap Rate 9%
$1,761,878
$1.8M
Market Conditions
NOI Build-Up for 12,664 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
$265.9K $21.00/SF
− Vacancy
−$54.5K −$4.31/SF
EGI
$211.4K $16.70/SF
− OpEx
−$52.9K −$4.17/SF
NOI
$158.6K $12.52/SF
Area
Nashville, TN
Vacancy
20.50%
Lease Rate
$21.00 /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%
$3,171,380
Cap Rate 7%
$2,265,271
Cap Rate 9%
$1,761,878
Alternative Uses
Best Use
Office B
$2.27M
$1.98M – $2.64M
NOI $158,569 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,672 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
88%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,776
Businesses Nearby
Explore this area
Business Placement
Demographics for 37203, TN
20,429
Population
16,422
Households
1.2
Avg Household Size
30
Median Age
67%
College-Educated
93%
High-School Grad
4.2 sq mi
ZIP Area
4,864
Density / Sq Mi
$69,671
Median Household Income
$55,399
Median Earnings
$1,881
Median Rent
$519,600
Median Home Value
Market
Vacancy Rate% for Office in Nashville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-suite property with front and rear parking and a partially finished attic.
Where is this office building located?
The property is located at 2908-2910 Poston Ave Nashville, TN.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 12,664+ Total SF office building on 0.47 Acres; Four tenant suites across two levels with a partially finished attic; 88% occupied currently
