Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Commercial Building, Hendersonville Title is generated by Realmo AI

    207 Iris Dr, Hendersonville, TN 37075

    View on Map
    Claim this Listing
    For Sale
    $1,999,900

    Turnkey commercial building suitable for daycare and other businesses.

    Type:Commercial
    Property size:
    5,580 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $358/SF
    Added:
    Feb 11, 2026
    Days on Market:
    113
    Last Refresh:
    Apr 5 at 8:28 pm

    Property Features for 207 Iris Dr

    General Information

    Standard status
    Active
    Size
    5,580 SF
    Lot size
    0.75 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    BERNIE GALLERANI
    BERNIE GALLERANI

    Listing agent BERNIE GALLERANI

    Listing office BERNIE GALLERANI REAL ESTATE

    Listing date Feb 11, 2026

    Source Corcoran

    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 BERNIE GALLERANI REAL ESTATE

    HighLights

    • Turnkey, fully renovated commercial building with Certificate of Occupancy, ready for immediate use.
    • Zoned GCS – General Commercial District, supporting a wide range of business uses (daycare, office, etc.).
    • Large 5,600 sq ft building configured with eight classrooms, accommodating up to 125 children and 18‑25 staff.
    • Prime location in the heart of Hendersonville, with exceptional visibility and convenience.
    • Fully renovated with new fire sprinkler system, security/fire alarm system, and central heating and air.
    • Conveniently located minutes from the bypass, hospital, and Merrol Hyde Magnet School, and 20 minutes from Nashville.

    Overview

    This renovated commercial building is located in Hendersonville, offering visibility and convenience. Situated minutes from the bypass, hospital, and Merrol Hyde Magnet School, it is also a 20-minute drive to downtown Nashville. The property, zoned GCS – General Commercial District, sits on a 0.753-acre lot (32,798 sq ft) and supports various business uses, including daycare, dentist office, dance studio, and office space. The approximately 5,600 sq ft building has been fully renovated and includes a new fire sprinkler system, all public utilities, central heating and air with two gas furnaces, and a security/fire alarm system. The interior features expansive open space and a flexible layout, currently configured with eight classrooms designed to accommodate up to 125 children, with capacity for 18–25 teachers or staff members. Renovations are complete, and the property has passed all final inspections, holding a valid Certificate of Occupancy, confirming it is fully approved for immediate use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Rascals Child ... Daycare Center Robin's Nest Academy ... High School Washzilla Car Wash Car Wash

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • VIP Midsouth, LLC — 105 Glen Oak Blvd #102, Hendersonville, TN 37075
    • Little Rascals Child Care — 207 Iris Dr, Hendersonville, TN 37075
    • Kid’s World Academy — 110 Commerce Dr, Hendersonville, TN 37075
    • Robin's Nest Academy of Academic Excellence — 207 Iris Dr, Hendersonville, TN 37075

    Location Insight

    • Map
    • Local Demand
    City
    Hendersonville
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.6297
    Latitude
    36.3195

    Nearby Similar for Sale

    • $850,000
      1,584 SF

      Hendersonville Commercial Property For Sale

      Commercial property in Hendersonville, Tennessee, suitable for various educational purposes.
      177 Old Shackle Island Road, Hendersonville, TN 37075
      View Details
    • $675,000
      4,100 SF

      Commercial Condo with Warehouse Space

      Commercial condo featuring office and warehouse space with overhead door.
      5 Industrial Park Dr, Hendersonville, TN 37075
      View Details
    • $1,000,000
      3,744 SF

      Versatile Commercial Property on Main

      3,744 sq ft building with excellent visibility and traffic.
      327 W Main St, Hendersonville, TN 37075
      View Details
    • $350,000
      1,572 SF

      Hendersonville Office with Flexible Space

      Adaptable office space near Indian Lake Blvd and I-65.
      125 Shivel Dr, Hendersonville, TN 37075
      View Details
    • $1,299,999
      4,000 SF

      Hendersonville Office Facility For Sale

      One-level office facility in Hendersonville with ample parking.
      20 Executive Park Dr, Hendersonville, TN 37075
      View Details
    • $1,750,000

      Sumner County Farm Retreat

      28+ acre farmstead with Cape Cod home and outbuildings.
      904 Weeping Willow Rd, Hendersonville, TN 37075
      View Details
    • Contact for pricing
      23,704 SF

      Retail Space in Hendersonville, TN

      Retail property available for sale in Hendersonville, Tennessee.
      200 North Anderson Lane, Hendersonville, TN 37075
      View Details

    FAQs

    What type of property is this?
    Day care center - Turnkey commercial building suitable for daycare and other businesses.
    Where is this day care center located?
    The property is located at 207 Iris Dr Hendersonville, TN.
    What is the asking price?
    The asking price for this property is $1,999,900.
    What are key features of this property?
    This property features: Turnkey, fully renovated commercial building with Certificate of Occupancy, ready for immediate use.; Zoned GCS – General Commercial District, supporting a wide range of business uses (daycare, office, etc.).; Large **5,600 sq ft building configured with eight classrooms**, accommodating up to 125 children and 18‑25 staff.
    (615) 265-8284
    We can help!
    Listing Contact
    BERNIE GALLERANI
    BERNIE GALLERANI
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    207 Iris Dr, Hendersonville, TN 37075
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!