Flex Space with Fenced Outdoor
For Sale
Contact for pricing
3105 Gallatin Pike, Nashville, TN 37216
As-is flex property offering substantial indoor space and a fenced outdoor area for multiple commercial concepts.
Property Size3,920 SF
Price / SF$252.55
Days on Market194
Property Features for 3105 Gallatin Pike
General Information
Standard status
Active
Size
3,920 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Listing Agency:
The Cauble Group
(615) 854-7188
Listed By:
Tyler Cauble · License #328757
(615) 574-8060
Source:
Moodyscre
Added: Feb 23
Changed: Aug 8
Last Checked: Jul 22 at 4:37AM
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 The Cauble Group
Investment Insights
Based on property information with market context.
This flex property combines substantial enclosed space with a fenced outdoor area. The layout is described as purpose-built to support multiple commercial strategies, including craft brewery with an outdoor biergarten, a creative office campus with outdoor workspace, specialty retail with experiential elements, or light manufacturing with an operational yard space. The property is offered as-is with no tenant improvements.
Located at 3105 Gallatin Pike in Nashville, the offering is positioned within East Nashville’s continued transformation, according to the property remarks.
With both indoor capacity and outdoor containment included in the same site, the property supports flexible programming where an enclosed work area and a controlled exterior space are both required.
Located at 3105 Gallatin Pike in Nashville, the offering is positioned within East Nashville’s continued transformation, according to the property remarks.
With both indoor capacity and outdoor containment included in the same site, the property supports flexible programming where an enclosed work area and a controlled exterior space are both required.
Key Highlights
- As‑is flex property with substantial indoor space and a fenced outdoor area for commercial use
- Purpose‑built for multiple concepts, including craft brewery with outdoor biergarten, creative office campus, specialty retail, or light manufacturing
- Includes enclosed square footage plus fenced outdoor space designed to support both indoor operations and outdoor customer/operational areas
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
$37,761
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
3.81%
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%
$755,220
$755.2K
Cap Rate 7%
$539,443
$539.4K
Cap Rate 9%
$419,567
$419.6K
Market Conditions
NOI Build-Up for 3,920 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
$61.2K $15.60/SF
− Vacancy
−$3.1K −$0.78/SF
EGI
$58.1K $14.82/SF
− OpEx
−$20.3K −$5.19/SF
NOI
$37.8K $9.63/SF
Area
Nashville, TN
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$755,220
Cap Rate 7%
$539,443
Cap Rate 9%
$419,567
Alternative Uses
Best Use
Flex RnD
$539.4K
$472.0K – $629.4K
NOI $37,761 @ 7.0% cap · market cap 3.81%
Second Best
Industrial
$360.7K
$315.6K – $420.8K
NOI $25,246 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$997.9K
$873.2K – $1.16M
NOI $69,854 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37216, TN
18,191
Population
9,574
Households
1.9
Avg Household Size
36
Median Age
57%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
2,715
Density / Sq Mi
$82,134
Median Household Income
$54,407
Median Earnings
$1,507
Median Rent
$404,100
Median Home Value
Market
Vacancy Rate% for Industrial in Nashville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - As-is flex property offering substantial indoor space and a fenced outdoor area for multiple commercial concepts.
Where is this flex space located?
The property is located at 3105 Gallatin Pike Nashville, TN.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: As‑is flex property with substantial indoor space and a fenced outdoor area for commercial use; Purpose‑built for multiple concepts, including craft brewery with outdoor biergarten, creative office campus, specialty retail, or light manufacturing; Includes enclosed square footage plus fenced outdoor space designed to support both indoor operations and outdoor customer/operational areas
