Single-Story Office
20 Executive Park Dr Hendersonville, TN 37075
For Sale
$1,125,000
Quality one-level office building with multiple suites, reception, break room, and lots of on-site parking.
Days on Market428
Property Features for 20 Executive Park Dr
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2008
Listing Agency:
Benchmark Realty, LLC
(615) 573-0487
Listed By:
Tammy Jeffers
(615) 573-0487
Source:
Reason4homes
Added: May 29, 2025
Changed: Jul 28
Last Checked: Jul 29 at 1:10PM
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.
Quality built one-level office facility offered for sale. The layout includes multiple office spaces, a reception area, a break room, and abundance of storage space. Recent improvements include a new roof installed in 2024.
The property is located at 20 Executive Park Dr in Hendersonville, TN. Public remarks note lots of on-site parking to support convenient daily access for occupants and visitors.
This facility is designed for an owner or tenant seeking a straightforward, single-story configuration with dedicated office rooms and common areas for reception and break-time use.
The property is located at 20 Executive Park Dr in Hendersonville, TN. Public remarks note lots of on-site parking to support convenient daily access for occupants and visitors.
This facility is designed for an owner or tenant seeking a straightforward, single-story configuration with dedicated office rooms and common areas for reception and break-time use.
Key Highlights
- One‑level office building built in 2008
- Multiple office spaces plus reception area and break room
- Abundance of storage space
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 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.63M
NOI $98,009 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Quality one-level office building with multiple suites, reception, break room, and lots of on-site parking.
Where is this office building located?
The property is located at 20 Executive Park Dr Hendersonville, TN.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: One‑level office building built in 2008; Multiple office spaces plus reception area and break room; Abundance of storage space
