Medical Office
204-208 Enon Springs Rd E, Smyrna, TN 37167
For Sale
Contact for pricing
Three leased suites serve two dental practices and a veterinary clinic.
Property Size8,888 SF
Price / SF$291.40
Days on Market11
Property Features for 204-208 Enon Springs Rd E
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Additional Details
Office Units
Tenant in Place
Property Use
Medical Specialty
Building Details
Tenancy
Listing Agency:
Charles Hawkins Co.
Listed By:
Paul Myers, CCIM, SIOR · License #295907
(615) 598-4848
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 5:41PM
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 Charles Hawkins Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,888-square-foot medical office property is fully occupied across three suites. Tenants include two dental practices and a veterinary clinic. The property also includes adjacent land at 222 Enon Springs Rd E.
Located in Smyrna, Tennessee, the asset has a 5.83% cap rate.
Located in Smyrna, Tennessee, the asset has a 5.83% cap rate.
Key Highlights
- 8,888 SF medical office property
- Fully occupied across three suites
- Tenants include two dental practices and a veterinary clinic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,964
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,459,280
$2.5M
Cap Rate 7%
$1,756,629
$1.8M
Cap Rate 9%
$1,366,267
$1.4M
Market Conditions
NOI Build-Up for 8,888 SF
Gross rent
$224.0K $25.20/SF
− Vacancy
−$19.0K −$2.14/SF
EGI
$204.9K $23.06/SF
− OpEx
−$82.0K −$9.22/SF
NOI
$123.0K $13.83/SF
Area
Rutherford 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 Rate 5%
$2,459,280
Cap Rate 7%
$1,756,629
Cap Rate 9%
$1,366,267
Alternative Uses
Best Use
Healthcare Medical
$1.76M
$1.54M – $2.05M
NOI $122,964 @ 7.0% cap · market cap 4.75%
Second Best
Office B
$1.72M
$1.50M – $2.00M
NOI $120,228 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$3.07M
$2.69M – $3.58M
NOI $215,018 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37167, TN
61,731
Population
23,694
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
55.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$79,720
Median Household Income
$42,705
Median Earnings
$1,359
Median Rent
$330,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Southern Veterinary Center — 111 Mayfield Dr, Smyrna, TN 37167
- Southern Veterinary Center LLC — 111 Mayfield Dr, Smyrna, TN 37167
- Dworak Barbara DVM — 111 Mayfield Dr, Smyrna, TN 37167
- Southern Veterinary Center, LLC — 111 Mayfield Dr, Smyrna, TN 37167
Frequently Asked Questions
What type of property is this?
Medical Office Space - Three leased suites serve two dental practices and a veterinary clinic.
Where is this medical office space located?
The property is located at 204-208 Enon Springs Rd E Smyrna, TN.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: 8,888 SF medical office property; Fully occupied across three suites; Tenants include two dental practices and a veterinary clinic
