2106 21st Ave S, Nashville, TN
Office/retail space near I-440, universities, and downtown Nashville.
- Added:
- Jul 21, 2023
- Days on Market:
- 1061
- Last Refresh:
- May 20 at 8:12 pm
Property Features for 2106 21st Ave S
General Information
- Standard status
- Active
- Size
- 13,740 SF
- Lot size
- 0.29 Acres
- Property subtype
- OFFICE
Listing agent R. Stephen Prather (615) 818-8429
Listing office Charles Hawkins Co. (615) 818-8429
Listing date Jul 21, 2023
Source Moodyscre
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.
HighLights
- Reduced Price: $3,275,000
- ±13,740 SF of office/retail space
- Located minutes from I‑440, Hillsboro Village, Vanderbilt University, Belmont University, and Downtown Nashville
- Within walking distance to Belmont and Vanderbilt Universities
- Located ±2.9 miles from downtown Nashville
- Less than 1 mile from the I‑440 on/off ramp
Overview
Local 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 | $288.5k | $21.00 |
| − Vacancy | −$59.2k | −$4.31 |
| EGI | $229.4k | $16.70 |
| − OpEx | −$57.3k | −$4.17 |
| NOI | $172.0k | $12.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.8012
- Latitude
- 36.1313
