Industrial/Flex Property Near
For Sale
$1,300,000
2612 Winford Ave, Nashville, TN 37211
2,928 SF industrial/flex property with warehouse and office space.
Property Size2,928 SF
Lot Size0.20 Acres
Price / SF$443.99
Days on Market163
Property Features for 2612 Winford Ave
General Information
Standard status
Active
Size
2,928 SF
Lot size
0.20 Acres
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
NAI NASHVILLE
(615) 377-4747
Listed By:
DEVIN MCCLENDON · License #315473
Source:
Corcoran
Added: Feb 27
Changed: Aug 8
Last Checked: Aug 8 at 1:35PM
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 NAI NASHVILLE
Investment Insights
Based on property information with market context.
This industrial/flex property offers approximately 2,928 square feet of space on a 0.19-acre lot, zoned IWD. The building features approximately 2,256 square feet of warehouse space and 672 square feet of office space. Currently configured as a recording studio with a small performance venue, the layout includes a reception area, office space, and a warehouse. The property is situated less than one mile from I-440, providing direct connectivity to I-24, I-40, and I-65. This location offers convenient access to Berry Hill, downtown Nashville, and BNA. It is positioned within an established light-industrial commercial district, benefiting from strong regional accessibility.
Key Highlights
- Excellent Location: Less than one mile from I‑440 with direct connectivity to I‑24, I‑40, and I‑65.
- Flexible Space: ±2,928 SF total, including ±2,256 SF warehouse and ±672 SF office space.
- Zoned IWD: Suitable for a variety of industrial and commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,607
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,140
$792.1K
Cap Rate 7%
$565,814
$565.8K
Cap Rate 9%
$440,078
$440.1K
Market Conditions
NOI Build-Up for 2,928 SF
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.
Gross rent
$63.2K $21.60/SF
− Vacancy
−$10.4K −$3.56/SF
EGI
$52.8K $18.04/SF
− OpEx
−$13.2K −$4.51/SF
NOI
$39.6K $13.53/SF
Area
ZIP 37211
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,140
Cap Rate 7%
$565,814
Cap Rate 9%
$440,078
Alternative Uses
Best Use
Office B
$565.8K
$495.1K – $660.1K
NOI $39,607 @ 7.0% cap · market cap 3.05%
Second Best
Warehouse
$327.1K
$286.2K – $381.6K
NOI $22,898 @ 7.0% cap · market cap 1.76%
Theoretical Best
Office A
$858.3K
$751.0K – $1.00M
NOI $60,083 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37211, TN
81,830
Population
34,650
Households
2.4
Avg Household Size
33
Median Age
43%
College-Educated
86%
High-School Grad
21.7 sq mi
ZIP Area
3,771
Density / Sq Mi
$69,936
Median Household Income
$42,270
Median Earnings
$1,444
Median Rent
$374,200
Median Home Value
Market
Vacancy Rate% for Office in Nashville, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 2,928 SF industrial/flex property with warehouse and office space.
Where is this flex space located?
The property is located at 2612 Winford Ave Nashville, TN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Excellent Location: Less than one mile from I‑440 with direct connectivity to I‑24, I‑40, and I‑65.; Flexible Space: **±2,928 SF total, including ±2,256 SF warehouse and ±672 SF office space.**; Zoned IWD: Suitable for a variety of industrial and commercial uses.
