Versatile Commercial Building for
2616 Foster Ave, Nashville, TN 37210
For Sale
$400,000
Commercial building suitable for office or childcare use.
Property Size1,050 SF
Price / SF$380.95
Days on Market232
Property Features for 2616 Foster Ave
General Information
Standard status
Size
Site & Location
Neighborhood
Listing Agency:
Jones Design Realty, LLC
Listed By:
Brittney N. Ussery · License TN #349649
(615) 609-5444
Source:
Fiddletreerealty
Added: Mar 24
Changed: Nov 10
Last Checked: Nov 8 at 9:38AM
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 Jones Design Realty, LLC
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Investment Insights
Based on property information with market context.
This property, offered in AS-IS condition, presents an investment opportunity. The 1,050 square-foot building is suitable for use as an office space, featuring three separate rooms and an open area, along with a full kitchen and two bathrooms. The layout also lends itself to potential use as a childcare center, with the three rooms serving as classrooms and the fenced backyard providing space for outdoor activities.
Key Highlights
- Investment opportunity with potential for increased value.
- Versatile building suitable for office space or childcare.
- Includes a full kitchen.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,147
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,940
$262.9K
Cap Rate 7%
$187,814
$187.8K
Cap Rate 9%
$146,078
$146.1K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$22.1K $21.00/SF
− Vacancy
−$4.5K −$4.31/SF
EGI
$17.5K $16.70/SF
− OpEx
−$4.4K −$4.17/SF
NOI
$13.1K $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%
$262,940
Cap Rate 7%
$187,814
Cap Rate 9%
$146,078
Alternative Uses
Best Use
Office B
$187.8K
$164.3K – $219.1K
NOI $13,147 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.3K
$233.9K – $311.9K
NOI $18,711 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 37210, TN
17,134
Population
9,201
Households
1.9
Avg Household Size
32
Median Age
32%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
1,842
Density / Sq Mi
$43,343
Median Household Income
$36,815
Median Earnings
$1,250
Median Rent
$334,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Nashville, TN
Properties on Market for Office Units in Nashville
Vacancy Rate% for Office in Nashville, TN
Frequently Asked Questions
What type of property is this?
Office unit - Commercial building suitable for office or childcare use.
Where is this office unit located?
The property is located at 2616 Foster Ave Nashville, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Investment opportunity with potential for increased value.; Versatile building suitable for office space or childcare.; Includes a full kitchen.
