Multi-Suite Flex
For Sale
Contact for pricing
200 NONAVILLE RD, Mt Juliet, TN 37122
Brick construction combines office areas with a warehouse component and paved parking.
Property Size8,400 SF
Price / SF$178.57
Days on Market12
Property Features for 200 NONAVILLE RD
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Retail, Office, Industrial
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Office Units
2
Building Details
Year Built
2008
Buildings
1
Stories
1
Units
1
Building Size
8,400 SF
Construction
brick
Tenancy
Multi
Listing Agency:
Edgefield Commercial
Listed By:
Tyler Brock · License #367981
Source:
Crexi
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 28 at 8:05PM
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 Edgefield Commercial
Investment Insights
Based on property information with market context.
This 8,400-square-foot flex property is a brick commercial building completed in 2008 and divided into three separate suites. The configuration includes a lower-level office suite that is vacant, an occupied upper office suite, and an occupied rear warehouse. The warehouse provides 16-foot clear height, a powered grade-level overhead door, and direct connectivity to the office area. Paved parking and drive-around circulation support the property’s functional layout.
The property is located at 200 Nonaville Road in Mt. Juliet, Tennessee, with access to Interstate 40 and Golden Bear Gateway. Providence Marketplace and Nashville International Airport are also identified as nearby destinations. The existing mix of office and warehouse space accommodates both investment and owner-user applications without relying on a single-use layout.
The property is located at 200 Nonaville Road in Mt. Juliet, Tennessee, with access to Interstate 40 and Golden Bear Gateway. Providence Marketplace and Nashville International Airport are also identified as nearby destinations. The existing mix of office and warehouse space accommodates both investment and owner-user applications without relying on a single-use layout.
Key Highlights
- 8,400‑square‑foot brick flex building completed in 2008
- Three‑suite configuration with lower office, upper office, and rear warehouse components
- Rear warehouse offers 16‑foot clear height and a powered grade‑level overhead door
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
$50,311
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
3.35%
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%
$1,006,220
$1.0M
Cap Rate 7%
$718,729
$718.7K
Cap Rate 9%
$559,011
$559.0K
Market Conditions
NOI Build-Up for 8,400 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
$81.6K $9.72/SF
− Vacancy
−$4.2K −$0.51/SF
EGI
$77.4K $9.21/SF
− OpEx
−$27.1K −$3.23/SF
NOI
$50.3K $5.99/SF
Area
Wilson County, TN
Vacancy
5.20%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
35.00%
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%
$1,006,220
Cap Rate 7%
$718,729
Cap Rate 9%
$559,011
Alternative Uses
Best Use
Warehouse
$11.02M
$9.64M – $12.85M
NOI $771,056 @ 7.0% cap · market cap 51.40%
Second Best
Industrial
$9.07M
$7.94M – $10.58M
NOI $634,987 @ 7.0% cap · market cap 42.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37122, TN
64,018
Population
25,608
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
96%
High-School Grad
111.6 sq mi
ZIP Area
574
Density / Sq Mi
$109,306
Median Household Income
$57,218
Median Earnings
$1,840
Median Rent
$451,800
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.
Similar Off Market Nearby
- Houston’s Meat & Produce — 3930 N Mt Juliet Rd, Mt. Juliet, TN 37122
Frequently Asked Questions
What type of property is this?
Flex space - Brick construction combines office areas with a warehouse component and paved parking.
Where is this flex space located?
The property is located at 200 NONAVILLE RD Mt Juliet, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8,400‑square‑foot brick flex building completed in 2008; Three‑suite configuration with lower office, upper office, and rear warehouse components; Rear warehouse offers 16‑foot clear height and a powered grade‑level overhead door
