Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1400 Willow Dr Manchester, TN 37355

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,000

    Office/Medical building leased and remodeled by Vanderbilt in 2020.

    Property size:
    2,770 SF
    Lot size:
    0.30 Acres

    Property Features for 1400 Willow Dr

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Size
    2,770 SF
    Lot size
    0.30 Acres

    Building Details

    Year built
    1957

    We can help!

    Listing Contact
    Blake Switalski
    Blake Switalski
    Source: Crexi

    Listing Agency: CBS Realty Listing Agent: Blake Switalski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Office Building For Sale

    This 2770-square-foot building, currently configured as a medical office, was leased and remodeled by Vanderbilt in 2020. It is currently occupied by a family medical practice. The layout includes two private offices, seven patient examination rooms, a nurse station, a lab, and a waiting room/reception area. The property also features four bathrooms and a break room with a kitchen. The building has three separate entrances designed for staff, patients, and private access from the back. Parking is available around the entire building, providing ample space for patients and clients. Storage is plentiful, with closets throughout the building, including an attached outdoor storage closet. The lobby entrance has an ADA-compliant wheelchair ramp. The back bathroom is scheduled to be remodeled for the tenant.
    Location Intelligence

    Current Use by Public Records

    Dr. Donald Graham, ... Pediatrician Timothy Crater Physician Volunteer Family Medical ... Medical Clinic Willow Medical Clinic Physician Dr. Diane Deberry Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Coffee
    State
    Tennessee
    Longitude
    -86.08771
    Latitude
    35.462762

    Nearby Similar for Sale

    • Contact for pricing
      5,000 SF

      Adaptable Commercial Building For Sale

      Spacious commercial building in a high-traffic location, Manchester, TN.
      3371 Murfreesboro Hwy, Manchester, TN 37355
      View Details
    • $3,100,000

      Highway Corner Commercial Property For Sale

      High-visibility corner property with existing businesses and redevelopment potential.
      801 Mcarthur St, Manchester, TN 37355
      View Details
    • $900,000
      5,000 SF

      Manchester Hwy Retail Opportunity

      High-traffic retail space, 5,000 sq ft
      3371 Murfreesboro Hwy, Manchester, TN 37355
      View Details
    • $4,674,000
      6,000 SF

      Fast Pace Health For Sale

      New build-to-suit with long-term lease and annual increases.
      1870 Hillsboro Blvd, Manchester, TN 37355
      View Details
    • Contact for pricing

      Commercial Office Space For Sale

      Prime commercial office space in a highly visible business district.
      227 Monogard Dr, Manchester, TN 37355
      View Details
    • $895,000
      6,916 SF

      Manchester Mixed-Use Investment Opportunity

      Two buildings, almost 7,000 sqft, prime location.
      1235 Mcarthur St, Manchester, TN 37355
      View Details
    • $1,000,000
      10,302 SF

      Manchester Restaurant - I-24 Frontage

      Prime Restaurant, Event Space, High Visibility
      817 Interstate Dr, Manchester, TN 37355
      View Details
    • $324,900
      1.20 Acres

      High-Visibility Manchester Commercial Lot

      Prime 1.2-acre lot, I-24 visibility!
      Expressway Dr, Manchester, TN 37355
      View Details
    • $400,000
      1.00 Acre

      High-Visibility Manchester Commercial Land

      Prime 1-Acre Tract, I-24 Access
      155 Expressway Dr, Manchester, TN 37355
      View Details
    • Contact for pricing
      2,666 SF

      Retail Space For Sale

      Retail space available, offering a 5.20% CAP rate.
      2314 Hillsboro Blvd, Manchester, TN 37355
      View Details
    • $1,800,000
      6.16 Acres

      Manchester Commercial Land - I-24 Access

      Prime 6+ acre commercial lot near I-24.
      Murfreesboro Hwy, Manchester, TN 37355
      View Details
    • $409,900
      2,135 SF

      Manchester Mixed-Use Commercial Property

      Renovated Ranch, C3 Zoning, High Potential
      920 Mcarthur St, Manchester, TN 37355
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Office/Medical building leased and remodeled by Vanderbilt in 2020.
    Where is this medical office space located?
    The property is located at 1400 Willow Dr Manchester, TN.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Leased and remodeled by Vanderbilt in 2020, ensuring high quality and modern standards.; - Currently occupied by a Family Medical Practice, suggesting suitability for similar medical or professional use.; - Functional layout featuring **2 private offices, 7 patient examination rooms, nurse station, lab, and waiting room.**
    (615) 278-9800
    Request Owner's contact information
    1400 Willow Dr Manchester, TN 37355
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1400 Willow Dr
    Manchester, TN 37355
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1400 Willow Dr Manchester, TN 37355
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Blake Switalski
    Blake Switalski
    Real Estate License ID: 323261
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!