Office Suite with Private
For Sale
Contact for pricing
1994 Gallatin Pike N, Madison, TN 37115
The suite includes a reception area, two enclosed offices, a sink with cabinet, and storage.
Property Size600 SF
Price / SF$1.92
Days on Market25
Property Features for 1994 Gallatin Pike N
General Information
Standard status
Active
Size
600 SF
Property subtype
Office
Additional Details
Floor
3
Utilities to Site
Yes
Property Use
Office
Amenities
ADT
Comcast
AT&T fiber optics
24/7 Access
Building Details
Year Built
1976
Listing Agency:
Broker Headquarters Group
(615) 859-6978
Listed By:
Joy McNaughten · License #215392
(615) 456-2288
Source:
Movehomenashville
Added: Oct 8
Changed: Oct 31
Last Checked: Oct 29 at 2:33PM
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 Broker Headquarters Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 312 offers approximately 600 square feet on the building’s third floor. Its layout includes a reception or front office, two private offices, a sink with cabinet, and a storage area. New flooring is installed; furniture is available separately.
Building access is available around the clock, with entry through outside entrances on the first and second floors. Parking is also available. The building has ADT, Comcast, and AT&T fiber optics, while the landlord pays for water, electricity, and maintenance.
Building access is available around the clock, with entry through outside entrances on the first and second floors. Parking is also available. The building has ADT, Comcast, and AT&T fiber optics, while the landlord pays for water, electricity, and maintenance.
Key Highlights
- Approximately 600 square feet on the third floor
- Reception area plus two private offices
- Sink with cabinet and dedicated storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,039
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,780
$200.8K
Cap Rate 7%
$143,414
$143.4K
Cap Rate 9%
$111,544
$111.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$15.8K $26.40/SF
− Vacancy
−$2.5K −$4.09/SF
EGI
$13.4K $22.31/SF
− OpEx
−$3.3K −$5.58/SF
NOI
$10.0K $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 Rate 5%
$200,780
Cap Rate 7%
$143,414
Cap Rate 9%
$111,544
Alternative Uses
Best Use
Office B
$143.4K
$125.5K – $167.3K
NOI $10,039 @ 7.0% cap · market cap 872.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$726.4K
$635.6K – $847.5K
NOI $50,848 @ 7.0% cap · market cap 4,421.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,230
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a reception area, two enclosed offices, a sink with cabinet, and storage.
Where is this office unit located?
The property is located at 1994 Gallatin Pike N Madison, TN.
What are key features of this property?
This property features: Approximately 600 square feet on the third floor; Reception area plus two private offices; Sink with cabinet and dedicated storage area
