Industrial Warehouse with Drive-In
2945 Armory Drive, Nashville, TN 37204
For Sale
Contact for pricing
Industrial facility with dedicated office space, warehouse heating, LED lighting, and three-phase electrical service.
Property Size14,980 SF
Price / SF$277.04
Days on Market57
Property Features for 2945 Armory Drive
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Office Build-Out
Drive-In Doors
Column Spacing
Power
Voltage
Three-Phase Power
Listing Agency:
Charles Hawkins Co.
Listed By:
Tee Patterson, SIOR · License TN #320113
(615) 345-7229
Source:
Crexi
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 8 at 8:52AM
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 Charles Hawkins Co.
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Investment Insights
Based on property information with market context.
This industrial warehouse contains approximately 14,980 SF, including approximately 2,275 SF of office area. The building is equipped with LED lighting, suspended warehouse heat, and clear heights ranging from 13 feet to 16 feet. A 12-foot by 14-foot drive-in door supports material movement, while 30-foot by 45-foot column spacing provides a functional interior layout.
Electrical service includes 225 Amps at 240 V with 3 Phase Power. The property is situated along Armory Drive in Nashville’s Sidco Drive/Powell Avenue corridor, near 100 Oaks.
Electrical service includes 225 Amps at 240 V with 3 Phase Power. The property is situated along Armory Drive in Nashville’s Sidco Drive/Powell Avenue corridor, near 100 Oaks.
Key Highlights
- ±14,980 SF industrial building with ±2,275 SF of office space
- 13'-16' clear height throughout the warehouse areas
- 12' x 14' drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,151
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,020
$2.3M
Cap Rate 7%
$1,673,586
$1.7M
Cap Rate 9%
$1,301,678
$1.3M
Market Conditions
NOI Build-Up for 14,980 SF
Gross rent
$143.4K $9.57/SF
− Vacancy
−$5.5K −$0.37/SF
EGI
$137.8K $9.20/SF
− OpEx
−$20.7K −$1.38/SF
NOI
$117.2K $7.82/SF
Area
Nashville, TN
Vacancy
3.86%
Lease Rate
$9.57 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,020
Cap Rate 7%
$1,673,586
Cap Rate 9%
$1,301,678
Alternative Uses
Best Use
Warehouse
$1.67M
$1.46M – $1.95M
NOI $117,151 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.34M – $4.45M
NOI $266,944 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Well-served
Demand for This Use
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
$832,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Nashville, TN
Properties on Market for Warehouses in Nashville
Vacancy Rate% for Industrial in Nashville, TN
Similar Off Market Nearby
- 100 Oaks Self Storage — 4320 Kenilwood Dr, Nashville, TN 37204
- Record Nations — 4320 Kenilwood Dr, Nashville, TN 37204
- Big And Small Storage Solutions — Nashville, TN 37204
- Life Storage - Nashville — 4326 Kenilwood Dr, Nashville, TN 37204
- Designers Warehouse Services — Foster Creighton Dr, Nashville, TN 37204
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility with dedicated office space, warehouse heating, LED lighting, and three-phase electrical service.
Where is this warehouse located?
The property is located at 2945 Armory Drive Nashville, TN.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: ±14,980 SF industrial building with ±2,275 SF of office space; 13'-16' clear height throughout the warehouse areas; 12' x 14' drive‑in door
