Single-Tenant Flex
136 Shivel Dr Hendersonville, TN 37075
136 Shivel Dr, Hendersonville, TN, 37075
$1,499,000
For Sale
$1,499,000
New flex building with finished office space and a fully conditioned warehouse, plus two 12' x 12' grade-level doors.
Property Size5,000 SF
Price / SF$299.80
Days on Market84
Property Features for 136 Shivel Dr
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Commercial
Listing agency
AMERICAN HERITAGE INC.
(615) 298-9200
Listed by
MARK KIKER
Source
Corcoran
Added: Apr 29 Updated: Jul 21 at 6:54AM Checked: Jul 21 at 6:54AM
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 AMERICAN HERITAGE INC.
Investment Insights
Based on property information with market context.
A brand new single-tenant flex building totaling 5,000 square feet, designed to combine finished office space with a conditioned warehouse. The property includes 1,025 square feet of finished office with modern finishes for administrative or client-facing work, and the balance is a fully conditioned warehouse with 14-foot clear ceiling height.
Access is provided by two 12' x 12' grade-level doors, supporting straightforward move-in for equipment, storage, or flexible use needs.
The adaptable layout and climate-controlled environment make the building suitable for a range of office/warehouse operations.
Access is provided by two 12' x 12' grade-level doors, supporting straightforward move-in for equipment, storage, or flexible use needs.
The adaptable layout and climate-controlled environment make the building suitable for a range of office/warehouse operations.
Key Highlights
- 5,000 SF single‑tenant flex building in Hendersonville, designed for both commercial and residential flexibility
- 1,025 SF finished office space with modern finishes for administrative or client‑facing use
- Fully conditioned warehouse space with 14‑foot clear ceiling height
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.0k | $26.40 |
| − Vacancy | −$20.5k | −$4.09 |
| EGI | $111.5k | $22.31 |
| − OpEx | −$27.9k | −$5.58 |
| NOI | $83.7k | $16.73 |
5,000 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.39M
NOI $83,655 @ 7.0% cap · market cap 5.58%
Second Best
Warehouse
$573.6K
$501.9K – $669.2K
NOI $40,153 @ 7.0% cap · market cap 2.68%
Theoretical Best
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,511 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - New flex building with finished office space and a fully conditioned warehouse, plus two 12' x 12' grade-level doors.
Where is this flex space located?
The property is located at 136 Shivel Dr Hendersonville, TN.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 5,000 SF single‑tenant flex building in Hendersonville, designed for both commercial and residential flexibility; 1,025 SF finished office space with modern finishes for administrative or client‑facing use; Fully conditioned warehouse space with 14‑foot clear ceiling height
