Renovated Office Suite with
For Sale
$540,000
136 Walton Ferry Rd, Hendersonville, TN 37075
Renovated office suite offers seven offices, a 22-by-13 lobby, conference and flex rooms, plus private restrooms.
Property Size2,587 SF
Price / SF$208.74
Days on Market99
Property Features for 136 Walton Ferry Rd
General Information
Standard status
Active
Size
2,587 SF
Amenities
lobby
conference room
flex room
break room
separate his and hers restrooms
Building Details
Year Built
1986
Listing Agency:
Clausen Group REALTORS
Listed By:
Matt Clausen
(615) 604-4101
Source:
Fykesrealtygroup
Added: Jul 19
Changed: Oct 13
Last Checked: Oct 7 at 3:38PM
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 Clausen Group REALTORS
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Investment Insights
Based on property information with market context.
Suite #4 is renovated and configured as a multi-office office space with seven offices, including two extra-large offices measuring 20 x 16 and 17 x 11. The suite includes an inviting 22 x 13 lobby, a large conference room, a flex room, and a break room.
The suite also features separate “his and hers” restrooms. The current long-term tenant is paying under market rent and will vacate with 60 days’ notice.
The building location is described as close to new dining, walking trails along Old Hickory Lake, and Drakes Creek Park complex and marinas.
The suite also features separate “his and hers” restrooms. The current long-term tenant is paying under market rent and will vacate with 60 days’ notice.
The building location is described as close to new dining, walking trails along Old Hickory Lake, and Drakes Creek Park complex and marinas.
Key Highlights
- Renovated office suite with 7 offices, including 2 extra‑large offices (20 x 16 and 17 x 11)
- 22 x 13 lobby plus a large conference room and flex room
- Includes a break room and separate his‑and‑hers restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,283
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,660
$865.7K
Cap Rate 7%
$618,329
$618.3K
Cap Rate 9%
$480,922
$480.9K
Market Conditions
NOI Build-Up for 2,587 SF
Gross rent
$68.3K $26.40/SF
− Vacancy
−$10.6K −$4.09/SF
EGI
$57.7K $22.31/SF
− OpEx
−$14.4K −$5.58/SF
NOI
$43.3K $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%
$865,660
Cap Rate 7%
$618,329
Cap Rate 9%
$480,922
Alternative Uses
Best Use
Office B
$618.3K
$541.0K – $721.4K
NOI $43,283 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$905.5K
$792.3K – $1.06M
NOI $63,387 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,266
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?
Office unit - Renovated office suite offers seven offices, a 22-by-13 lobby, conference and flex rooms, plus private restrooms.
Where is this office unit located?
The property is located at 136 Walton Ferry Rd Hendersonville, TN.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Renovated office suite with 7 offices, including 2 extra‑large offices (20 x 16 and 17 x 11); 22 x 13 lobby plus a large conference room and flex room; Includes a break room and separate his‑and‑hers restrooms
