Flex Space with Heated
New
For Sale
$450,000
2860 Hwy 46, Dickson, TN 37055
Gated access from two roads and connected municipal utilities support a range of commercial and storage functions.
Property Size2,700 SF
Price / SF$166.67
Days on Market5
Property Features for 2860 Hwy 46
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
6
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Property Use
Commercial
Listing Agency:
Market Place Realty
Listed By:
Chloe Drake 6157883096 · License #340464
(615) 788-3096
Source:
Southeasttennesseeproperties
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:39PM
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 Market Place Realty
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Investment Insights
Based on property information with market context.
This flex property combines a 30' x 40' garage with two 10' x 10' remote-controlled bay doors, a 30' x 50' heated garage, and six covered carport spaces. The heated garage includes approximately 700 square feet configured as a one-bedroom, one-bath apartment or office. Connex boxes, carport covers, and appliances are included in the sale. City sewer, water, and natural gas are connected.
Gated entry and exit points serve both New Hwy 46 and Old Hwy 46, with a reinforced concrete driveway linking the two access points. The property is about one minute from Interstate 40 and has a stated daily traffic count of more than 13,000 vehicles.
Gated entry and exit points serve both New Hwy 46 and Old Hwy 46, with a reinforced concrete driveway linking the two access points. The property is about one minute from Interstate 40 and has a stated daily traffic count of more than 13,000 vehicles.
Key Highlights
- 30' x 50' heated garage with approximately 700 square feet of one‑bedroom, one‑bath apartment or office space
- 30' x 40' garage with two 10' x 10' remote‑controlled bay doors
- Six covered carport spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,011
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,220
$600.2K
Cap Rate 7%
$428,729
$428.7K
Cap Rate 9%
$333,456
$333.5K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$48.6K $18.00/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$46.2K $17.10/SF
− OpEx
−$16.2K −$5.98/SF
NOI
$30.0K $11.11/SF
Area
Dickson County, TN
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,220
Cap Rate 7%
$428,729
Cap Rate 9%
$333,456
Alternative Uses
Best Use
Flex RnD
$428.7K
$375.1K – $500.2K
NOI $30,011 @ 7.0% cap · market cap 6.67%
Second Best
Warehouse
$370.7K
$324.3K – $432.5K
NOI $25,947 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$791.5K
$692.6K – $923.4K
NOI $55,404 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37055, TN
29,319
Population
12,160
Households
2.4
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
201.7 sq mi
ZIP Area
145
Density / Sq Mi
$69,283
Median Household Income
$41,808
Median Earnings
$1,034
Median Rent
$258,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Gated access from two roads and connected municipal utilities support a range of commercial and storage functions.
Where is this flex space located?
The property is located at 2860 Hwy 46 Dickson, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 30' x 50' heated garage with approximately 700 square feet of one‑bedroom, one‑bath apartment or office space; 30' x 40' garage with two 10' x 10' remote‑controlled bay doors; Six covered carport spaces
