Hendersonville Office Facility For
For Sale
$1,299,999
20 Executive Park Dr, Hendersonville, TN 37075
One-level office facility in Hendersonville with ample parking.
Property Size4,000 SF
Price / SF$324
Days on Market435
Property Features for 20 Executive Park Dr
General Information
Standard status
Active
Size
4,000 SF
Building Details
Year Built
2008
Listing Agency:
BENCHMARK REALTY, LLC
(615) 573-0487
Listed By:
TAMMY JEFFERS
Source:
Corcoran
Added: May 29, 2025
Changed: Mar 16
Last Checked: Aug 5 at 4:59AM
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 BENCHMARK REALTY, LLC
Investment Insights
Based on property information with market context.
This one-level, 4,000-square-foot facility is located in Hendersonville. The property features multiple office spaces, a break room, and a reception area. It also includes an abundance of storage space and parking. A new roof was installed in 2024.
Key Highlights
- New Roof (2024)
- Prime Location in the Heart of Hendersonville**
- Abundance of Parking
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.6k | $26.40 |
| − Vacancy | −$16.4k | −$4.09 |
| EGI | $89.2k | $22.31 |
| − OpEx | −$22.3k | −$5.58 |
| NOI | $66.9k | $16.73 |
4,000 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$956.1K
$836.6K – $1.12M
NOI $66,924 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.63M
NOI $98,009 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,472
Businesses Nearby
Explore this area
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
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?
Office units - One-level office facility in Hendersonville with ample parking.
Where is this office units located?
The property is located at 20 Executive Park Dr Hendersonville, TN.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: New Roof (2024); Prime Location in the Heart of Hendersonville**; Abundance of Parking
