Medical Center Across From
For Sale
$5,995,000
1717 Gallatin Pike N, Madison, TN 37115
Commercially zoned medical facility completed in 1989.
Property Size25,269 SF
Days on Market83
Property Features for 1717 Gallatin Pike N
General Information
Standard status
Active
Size
25,269 SF
Zoning
Commercial
Building Details
Building Size
25,269 SF
Year Built
1989
Listing Agency:
PCG Commercial
(916) 303-0133
Listed By:
Adrian Del Rio · License #01431059
(916) 303-0133
Source:
Evrealestate
Added: Jun 11
Changed: Aug 31
Last Checked: Aug 31 at 2:32PM
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 PCG Commercial
Investment Insights
Based on property information with market context.
This medical center is a commercial-zoned property constructed in 1989. The facility occupies an intersection location at Gallatin and Myatt, directly across from Walgreens.
The property is in Davidson County at 1717 Gallatin Pike N, Madison, TN 37115. The available information identifies the asset as a medical center and does not specify additional interior features.
The property is in Davidson County at 1717 Gallatin Pike N, Madison, TN 37115. The available information identifies the asset as a medical center and does not specify additional interior features.
Key Highlights
- Medical center constructed in 1989
- Commercial zoning
- Located at the intersection of Gallatin and Myatt
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
$422,776
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
7.05%
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%
$8,455,520
$8.5M
Cap Rate 7%
$6,039,657
$6.0M
Cap Rate 9%
$4,697,511
$4.7M
Market Conditions
NOI Build-Up for 25,269 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
$667.1K $26.40/SF
− Vacancy
−$103.4K −$4.09/SF
EGI
$563.7K $22.31/SF
− OpEx
−$140.9K −$5.58/SF
NOI
$422.8K $16.73/SF
Area
Davidson 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 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%
$8,455,520
Cap Rate 7%
$6,039,657
Cap Rate 9%
$4,697,511
Alternative Uses
Best Use
Office B
$6.04M
$5.28M – $7.05M
NOI $422,776 @ 7.0% cap · market cap 7.05%
Second Best
Healthcare Medical
$5.57M
$4.87M – $6.50M
NOI $389,960 @ 7.0% cap · market cap 6.50%
Theoretical Best
Warehouse
$30.59M
$26.77M – $35.69M
NOI $2,141,449 @ 7.0% cap · market cap 35.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 37115, TN
39,821
Population
19,845
Households
2
Avg Household Size
37
Median Age
23%
College-Educated
82%
High-School Grad
21.5 sq mi
ZIP Area
1,852
Density / Sq Mi
$53,034
Median Household Income
$37,215
Median Earnings
$1,263
Median Rent
$271,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Commercially zoned medical facility completed in 1989.
Where is this medical center located?
The property is located at 1717 Gallatin Pike N Madison, TN.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: Medical center constructed in 1989; Commercial zoning; Located at the intersection of Gallatin and Myatt
