Mixed-Use Commercial
For Sale
$2,400,000
2603 Westwood Drive, Nashville, TN 37204
Mixed-use property with office and retail space totaling 5,372 SF, offered for sale.
Property Size5,372 SF
Price / SF$446.76
Days on Market138
Property Features for 2603 Westwood Drive
General Information
Standard status
Active
Size
5,372 SF
Property subtype
Commercial
Building Details
Building Size
5,372 SF
Listing Agency:
Matthews
Listed By:
Ben Burnett · License #License No. 370061 (TN)
(615) 671-4431
Source:
Matthews
Added: Jun 4
Changed: Oct 16
Last Checked: Oct 19 at 3:14AM
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 Matthews
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Investment Insights
Based on property information with market context.
This mixed-use commercial property includes office units and retail space in a combined 5,372 SF configuration. The offering is presented as a single asset for sale, providing a flexible setup for a tenant mix within one building.
The property is located at 2603 Westwood Dr in Nashville, TN, and is currently listed for sale.
The property is located at 2603 Westwood Dr in Nashville, TN, and is currently listed for sale.
Key Highlights
- Mixed‑use property with office and retail space totaling 5,372 SF
- Year built: 1925
- Public remarks dated 02/14/2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,264
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,280
$1.3M
Cap Rate 7%
$960,914
$960.9K
Cap Rate 9%
$747,378
$747.4K
Market Conditions
NOI Build-Up for 5,372 SF
Gross rent
$112.8K $21.00/SF
− Vacancy
−$23.1K −$4.31/SF
EGI
$89.7K $16.70/SF
− OpEx
−$22.4K −$4.17/SF
NOI
$67.3K $12.52/SF
Area
Nashville, TN
Vacancy
20.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,280
Cap Rate 7%
$960,914
Cap Rate 9%
$747,378
Alternative Uses
Best Use
Office B
$960.9K
$840.8K – $1.12M
NOI $67,264 @ 7.0% cap · market cap 2.80%
Second Best
Retail
$884.8K
$774.2K – $1.03M
NOI $61,934 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,729 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 37204, TN
15,959
Population
8,095
Households
2
Avg Household Size
30
Median Age
77%
College-Educated
96%
High-School Grad
7.3 sq mi
ZIP Area
2,186
Density / Sq Mi
$109,341
Median Household Income
$54,059
Median Earnings
$1,703
Median Rent
$832,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Nashville, TN
Frequently Asked Questions
What type of property is this?
Office units - Mixed-use property with office and retail space totaling 5,372 SF, offered for sale.
Where is this office units located?
The property is located at 2603 Westwood Drive Nashville, TN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Mixed‑use property with office and retail space totaling 5,372 SF; Year built: 1925; Public remarks dated 02/14/2014
