Freestanding Office Building with
432 E Main St Gallatin, TN 37066
For Sale
$799,000
Freestanding, fully renovated office building with multiple private offices and covered porches on a sizable lot.
Property Size4,140 SF
Lot Size1.00 Acre
Price / SF$192
Days on Market57
Property Features for 432 E Main St
General Information
Standard status
Active
Size
4,140 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
RCH PROPERTIES
(615) 452-9080
Listed By:
STEVE MOOR
Source:
Corcoran
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 29 at 9:27AM
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 RCH PROPERTIES
Investment Insights
Based on property information with market context.
This freestanding, Southern-style commercial office building has been recently updated and is vacant and ready for immediate occupancy. The interior is configured with five private offices and three bathrooms, supported by fresh interior paint and updated windows. Exterior features include charming front and rear covered porches, a newer roof, and a large paved rear parking area for convenient on-site access. The property sits on a spacious lot that allows for flexibility, including room for expansion or additional improvements.
Located on E. Main in Gallatin, the building is positioned for easy access to downtown and the historic Square, and it is near the new Sumner County Courthouse. Its visibility along this primary corridor supports everyday customer and client access.
Zoned CS (Commercial Services), the property offers flexibility for office and retail use, making it a practical fit for an owner-user seeking a move-in ready workplace or a buyer looking for a versatile commercial asset. The combination of dedicated office rooms, multiple restrooms, and on-site parking supports a range of professional or service-oriented tenants who want a self-contained, updated facility.
Located on E. Main in Gallatin, the building is positioned for easy access to downtown and the historic Square, and it is near the new Sumner County Courthouse. Its visibility along this primary corridor supports everyday customer and client access.
Zoned CS (Commercial Services), the property offers flexibility for office and retail use, making it a practical fit for an owner-user seeking a move-in ready workplace or a buyer looking for a versatile commercial asset. The combination of dedicated office rooms, multiple restrooms, and on-site parking supports a range of professional or service-oriented tenants who want a self-contained, updated facility.
Key Highlights
- Fully renovated freestanding commercial office building in downtown Gallatin, vacant and ready for immediate occupancy
- Zoned CS (Commercial Services) with flexible use for office and retail
- ~1‑acre lot with room for expansion or additional improvements, plus large paved rear parking area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.3k | $26.40 |
| − Vacancy | −$16.9k | −$4.09 |
| EGI | $92.4k | $22.31 |
| − OpEx | −$23.1k | −$5.58 |
| NOI | $69.3k | $16.73 |
4,140 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$989.5K
$865.8K – $1.15M
NOI $69,266 @ 7.0% cap · market cap 8.67%
Second Best
Healthcare Medical
$800.3K
$700.3K – $933.7K
NOI $56,024 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,439 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Freestanding, fully renovated office building with multiple private offices and covered porches on a sizable lot.
Where is this office building located?
The property is located at 432 E Main St Gallatin, TN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully renovated freestanding commercial office building in downtown Gallatin, vacant and ready for immediate occupancy; Zoned CS (Commercial Services) with flexible use for office and retail; ~1‑acre lot with room for expansion or additional improvements, plus large paved rear parking area
