Building Details

Year Built 1950

Listing Agency: simpliHOM

Listed By: Callie Southerland Show Phone

Source: Fiddletreerealty

Added: Aug 1 Changed: Oct 26 Last Checked: Oct 26 at 8:39PM

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Investment Insights

Based on property information with market context.

This office property contains 1,245 square feet and was built in 1950. Its layout includes separate rooms, an entry area suitable for reception or waiting, a half bathroom, and a break area with kitchenette amenities including a refrigerator and sink. Recent interior painting and new upstairs flooring add approximately 300+/- square feet for office use.

The property includes a parking lot, large side yard, rear storage shed, and patio. Handicap-accessible sidewalks and a ramp serve the building, while city water, city sewer, and high-speed internet are available. A roadside sign is already installed, and the property is located on Hwy 70 in White Bluff, approximately 30 minutes west of downtown Nashville.

Key Highlights

• 1,245‑square‑foot office property built in 1950
• Recent upstairs flooring adds approximately 300+/- sqft of office area
• Separate rooms with reception or waiting area, half bathroom, and kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,830

Cap Rate

6.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$416,600 $416.6K

Cap Rate 7%

$297,571 $297.6K

Cap Rate 9%

$231,444 $231.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,245 SF

Gross rent

$32.9K $26.40/SF

− Vacancy

−$5.1K −$4.09/SF

EGI

$27.8K $22.31/SF

− OpEx

−$6.9K −$5.58/SF

NOI

$20.8K $16.73/SF

Area

Dickson County, TN

Vacancy

15.50%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$416,600

Cap Rate 7%

$297,571

Cap Rate 9%

$231,444

Alternative Uses

Best Use

Office B

$297.6K

$260.4K – $347.2K (±1% cap)

NOI $20,830 @ 7.0% cap · market cap 6.41%

Second Best

Healthcare Medical

$245.1K

$214.4K – $285.9K (±1% cap)

NOI $17,154 @ 7.0% cap · market cap 5.28%

Theoretical Best

Office A

$365.0K

$319.3K – $425.8K (±1% cap)

NOI $25,547 @ 7.0% cap · market cap 7.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Plumbing Service Law Firm Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

192

Businesses Nearby

Explore this area Business Placement

Demographics for 37187, TN

7,382

Population

3,523

Households

2.1

Avg Household Size

41

Median Age

19%

College-Educated

85%

High-School Grad

71.1 sq mi

ZIP Area

104

Density / Sq Mi

$71,049

Median Household Income

$45,571

Median Earnings

$952

Median Rent

$283,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Office property with divided rooms, customer-facing entry area, kitchenette, parking, and accessible exterior improvements.

Where is this office unit located?

The property is located at 4411 Hwy 70 E White Bluff, TN.

What is the asking price?

The asking price for this property is $324,900.

What are key features of this property?

This property features: 1,245‑square‑foot office property built in 1950; Recent upstairs flooring adds approximately 300+/- sqft of office area; Separate rooms with reception or waiting area, half bathroom, and kitchenette