Five-Unit Flex
246 Rockland Rd, Hendersonville, TN 37075
For Sale
$1,800,000
The property combines front offices, rear warehouse areas, roll-up doors, and restrooms across five units.
Property Size10,000 SF
Price / SF$180
Days on Market101
Property Features for 246 Rockland Rd
General Information
Standard status
Size
Site & Location
Neighborhood
Highway Access
Additional Details
Conditioned Warehouse
Amenities
His and Hers bathrooms
Building Details
Year Built
Building Size
Listing Agency:
Clausen Group REALTORS
Listed By:
Matt Clausen
(615) 604-4101
Source:
Fiddletreerealty
Added: Aug 1
Changed: Oct 25
Last Checked: Nov 8 at 11:22AM
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 Clausen Group REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,000-square-foot flex property is configured as five 2,000-square-foot units. Each unit includes approximately 500 square feet of front office area and 1,500 square feet of rear warehouse space, along with a 10-foot roll-up door and separate men’s and women’s restrooms. The warehouse areas are not conditioned.
Located at 246 Rockland Rd in Hendersonville, the property is near Hwy 386 and Hwy 65, with Nashville approximately 20 minutes away. A new metal roof was installed following a tornado event on Rockland Rd. Four tenants want to remain, while one tenant is expected to vacate within the next few months.
Located at 246 Rockland Rd in Hendersonville, the property is near Hwy 386 and Hwy 65, with Nashville approximately 20 minutes away. A new metal roof was installed following a tornado event on Rockland Rd. Four tenants want to remain, while one tenant is expected to vacate within the next few months.
Key Highlights
- 10,000‑square‑foot flex property divided into five 2,000‑square‑foot units
- Each unit offers 500 square feet of office space and 1,500 square feet of warehouse area
- Every unit includes a 10‑foot roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,270
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,705,400
$2.7M
Cap Rate 7%
$1,932,429
$1.9M
Cap Rate 9%
$1,503,000
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$216.0K $21.60/SF
− Vacancy
−$35.6K −$3.56/SF
EGI
$180.4K $18.04/SF
− OpEx
−$45.1K −$4.51/SF
NOI
$135.3K $13.53/SF
Area
Sumner County, TN
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,705,400
Cap Rate 7%
$1,932,429
Cap Rate 9%
$1,503,000
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $135,270 @ 7.0% cap · market cap 7.52%
Second Best
Warehouse
$1.15M
$1.00M – $1.34M
NOI $80,306 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$3.50M
$3.06M – $4.08M
NOI $245,021 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37075, TN
71,023
Population
29,600
Households
2.4
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
59.0 sq mi
ZIP Area
1,204
Density / Sq Mi
$97,597
Median Household Income
$50,323
Median Earnings
$1,552
Median Rent
$403,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines front offices, rear warehouse areas, roll-up doors, and restrooms across five units.
Where is this flex space located?
The property is located at 246 Rockland Rd Hendersonville, TN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 10,000‑square‑foot flex property divided into five 2,000‑square‑foot units; Each unit offers 500 square feet of office space and 1,500 square feet of warehouse area; Every unit includes a 10‑foot roll‑up door
