Income-Producing Office
For Sale
Contact for pricing
176 THOMPSON LN, Nashville, TN 37211
Flexible office layout with ample parking and convenient access to major Nashville interstates.
Property Size24,980 SF
Price / SF$174.14
Days on Market116
Property Features for 176 THOMPSON LN
General Information
Standard status
Active
Size
24,980 SF
Class
B
Total Parking Spaces
100
Property subtype
Office, Mixed Use
Zoning
OR20
Occupancy
90%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$281,086
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1973
Year Renovated
2025
Buildings
1
Stories
3
Units
100
Tenancy
Multi
Listing Agency:
The Wilson Group
Listed By:
Matt Davis · License #TN 345925
Source:
Crexi
Added: Jun 17
Changed: Sep 9
Last Checked: Oct 9 at 5:02PM
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 The Wilson Group
Investment Insights
Based on property information with market context.
176 Thompson Lane is a professionally measured office asset totaling 24,980 square feet. The property is presented as an income-producing building, reporting approximately $281,000 in Net Operating Income during 2025. The offering is for $4,350,000.
The property is positioned to support tenant and employee access across the greater Nashville metropolitan area, with convenient connectivity to I-65, I-24, and I-440. The building also features ample parking and visibility that can support a range of professional uses.
With a flexible layout, 176 Thompson Lane can fit a variety of professional office, medical office, and service-oriented users. For investors, the property’s established NOI provides a clear baseline of operating performance as of 2025. For owner-users, the existing income stream may help offset occupancy costs while maintaining a substantial office presence in the Nashville market.
The property is positioned to support tenant and employee access across the greater Nashville metropolitan area, with convenient connectivity to I-65, I-24, and I-440. The building also features ample parking and visibility that can support a range of professional uses.
With a flexible layout, 176 Thompson Lane can fit a variety of professional office, medical office, and service-oriented users. For investors, the property’s established NOI provides a clear baseline of operating performance as of 2025. For owner-users, the existing income stream may help offset occupancy costs while maintaining a substantial office presence in the Nashville market.
Key Highlights
- Professional‑measured office building totaling 24,980 SF, built in 1973
- Approximately $281,000 Net Operating Income during 2025
- Offered at $4,350,000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$337,904
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,758,080
$6.8M
Cap Rate 7%
$4,827,200
$4.8M
Cap Rate 9%
$3,754,489
$3.8M
Market Conditions
NOI Build-Up for 24,980 SF
Gross rent
$539.6K $21.60/SF
− Vacancy
−$89.0K −$3.56/SF
EGI
$450.5K $18.04/SF
− OpEx
−$112.6K −$4.51/SF
NOI
$337.9K $13.53/SF
Area
ZIP 37211
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,758,080
Cap Rate 7%
$4,827,200
Cap Rate 9%
$3,754,489
Alternative Uses
Best Use
Office B
$4.83M
$4.22M – $5.63M
NOI $337,904 @ 7.0% cap · market cap 7.77%
Second Best
Healthcare Medical
$3.74M
$3.27M – $4.36M
NOI $261,870 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$7.32M
$6.41M – $8.54M
NOI $512,590 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 37211, TN
81,830
Population
34,650
Households
2.4
Avg Household Size
33
Median Age
43%
College-Educated
86%
High-School Grad
21.7 sq mi
ZIP Area
3,771
Density / Sq Mi
$69,936
Median Household Income
$42,270
Median Earnings
$1,444
Median Rent
$374,200
Median Home Value
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Market
Vacancy Rate% for Office in Nashville, TN
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout with ample parking and convenient access to major Nashville interstates.
Where is this office building located?
The property is located at 176 THOMPSON LN Nashville, TN.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Professional‑measured office building totaling 24,980 SF, built in 1973; Approximately $281,000 Net Operating Income during 2025; Offered at $4,350,000
