Class B Flex
For Sale
Contact for pricing
3502 Dickerson Pike, Nashville, TN 37207
SP-zoned flex space along Nashville’s Dickerson Pike corridor with adaptable configuration for multiple user types.
Property Size12,156 SF
Price / SF$275.58
Days on Market205
Property Features for 3502 Dickerson Pike
General Information
Standard status
Active
Size
12,156 SF
Class
B
Property subtype
Industrial
Zoning
SP
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$214,000
Building Details
Year Built
1977
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Southern Roots Properties
Listed By:
Nicole Gardner · License #334835
(615) 507-4065
Source:
Crexi
Added: Mar 25
Changed: Oct 12
Last Checked: Oct 14 at 10:28PM
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 Southern Roots Properties
Investment Insights
Based on property information with market context.
This Class B flex property contains 12,156 square feet and was built in 1977. Its adaptable layout supports multiple user types, making the building suitable for both owner-user and investment considerations. The property is zoned SP and offers an infill industrial setting along Dickerson Pike.
Located at 3502 Dickerson Pike in Nashville, the building sits north of Downtown Nashville within a corridor experiencing new multifamily, service retail, and light industrial development. The surrounding area is also seeing commercial and residential investment, while the corridor connects the property with urban Nashville and suburban areas to the north and east.
Located at 3502 Dickerson Pike in Nashville, the building sits north of Downtown Nashville within a corridor experiencing new multifamily, service retail, and light industrial development. The surrounding area is also seeing commercial and residential investment, while the corridor connects the property with urban Nashville and suburban areas to the north and east.
Key Highlights
- 12,156‑square‑foot flex building
- Class B industrial flex property built in 1977
- SP zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,891
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,057,820
$2.1M
Cap Rate 7%
$1,469,871
$1.5M
Cap Rate 9%
$1,143,233
$1.1M
Market Conditions
NOI Build-Up for 12,156 SF
Gross rent
$157.5K $12.96/SF
− Vacancy
−$10.6K −$0.87/SF
EGI
$147.0K $12.09/SF
− OpEx
−$44.1K −$3.63/SF
NOI
$102.9K $8.46/SF
Area
ZIP 37207
Vacancy
6.70%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,057,820
Cap Rate 7%
$1,469,871
Cap Rate 9%
$1,143,233
Alternative Uses
Best Use
Industrial
$1.47M
$1.29M – $1.71M
NOI $102,891 @ 7.0% cap · market cap 3.07%
Second Best
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,541 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$3.48M
$3.04M – $4.06M
NOI $243,459 @ 7.0% cap · market cap 7.27%
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
499
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37207, TN
38,719
Population
18,698
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
2,006
Density / Sq Mi
$60,102
Median Household Income
$38,115
Median Earnings
$1,200
Median Rent
$332,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Nashville, TN
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Similar Off Market Nearby
- Status Event Catering — 3309 Moorewood Dr, Nashville, TN 37207
Frequently Asked Questions
What type of property is this?
Flex space - SP-zoned flex space along Nashville’s Dickerson Pike corridor with adaptable configuration for multiple user types.
Where is this flex space located?
The property is located at 3502 Dickerson Pike Nashville, TN.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 12,156‑square‑foot flex building; Class B industrial flex property built in 1977; SP zoning
