Purpose-Built Behavioral Health
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For Sale
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200 Winners Circle S, Brentwood, TN 37027
Renovated clinical facility with medical offices and patient-care suites in Maryland Farms.
Property Size28,639 SF
Lot Size2.15 Acres
Price / SF$366.63
Days on Market6
Property Features for 200 Winners Circle S
General Information
Standard status
Active
Size
28,639 SF
Lot size
2.15 Acres
Property subtype
Office, Special Purpose
Building Details
Year Built
1995
Year Renovated
2023
Tenancy
Single
Listing Agency:
HCI Realty LLC
Listed By:
Josh Holcombe · License #324587
Source:
Crexi
Added: Sep 1
Changed: Sep 5
Last Checked: Sep 5 at 2:45PM
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 HCI Realty LLC
Investment Insights
Based on property information with market context.
Purpose-built behavioral health facility offering approximately 28,639 square feet on a 2.15 +/- acre parcel. The property includes clinical treatment areas, private medical offices, and high-acuity patient care suites within a specialized healthcare layout designed for intensive outpatient and residential behavioral health operations.
Constructed in 1995, the facility underwent substantial Class A interior renovations in 2023. It is located at 200 Winners Circle S in Brentwood, Tennessee, within the Maryland Farms business district and the Nashville MSA. The surrounding district includes corporate headquarters, major employers, and an established healthcare cluster.
Constructed in 1995, the facility underwent substantial Class A interior renovations in 2023. It is located at 200 Winners Circle S in Brentwood, Tennessee, within the Maryland Farms business district and the Nashville MSA. The surrounding district includes corporate headquarters, major employers, and an established healthcare cluster.
Key Highlights
- Approximately 28,639 square feet of healthcare space
- 2.15 +/- acre parcel
- Purpose‑built behavioral health facility
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
$396,215
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
3.77%
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%
$7,924,300
$7.9M
Cap Rate 7%
$5,660,214
$5.7M
Cap Rate 9%
$4,402,389
$4.4M
Market Conditions
NOI Build-Up for 28,639 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
$721.7K $25.20/SF
− Vacancy
−$61.3K −$2.14/SF
EGI
$660.4K $23.06/SF
− OpEx
−$264.1K −$9.22/SF
NOI
$396.2K $13.83/SF
Area
Williamson County, TN
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$7,924,300
Cap Rate 7%
$5,660,214
Cap Rate 9%
$4,402,389
Alternative Uses
Best Use
Healthcare Medical
$5.66M
$4.95M – $6.60M
NOI $396,215 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.40M
$7.35M – $9.79M
NOI $587,672 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 37027, TN
61,370
Population
23,745
Households
2.6
Avg Household Size
42
Median Age
74%
College-Educated
98%
High-School Grad
57.0 sq mi
ZIP Area
1,077
Density / Sq Mi
$156,002
Median Household Income
$71,225
Median Earnings
$2,141
Median Rent
$844,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Renovated clinical facility with medical offices and patient-care suites in Maryland Farms.
Where is this rehabilitation center located?
The property is located at 200 Winners Circle S Brentwood, TN.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Approximately 28,639 square feet of healthcare space; 2.15 +/- acre parcel; Purpose‑built behavioral health facility
