Commercial Condo with Warehouse
5 Industrial Park Dr Hendersonville, TN 37075
5 Industrial Park Dr, Hendersonville, TN, 37075
$675,000
For Sale
$675,000
Commercial condo featuring office and warehouse space with overhead door.
Property Size4,100 SF
Lot Size0.50 Acres
Price / SF$164.63
Days on Market143
Property Features for 5 Industrial Park Dr
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Lot size
- 0.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing Agency
CAUDILL PROPERTIES
(615) 824-0510
Listed by
BRYAN R. MILLER
Source
Corcoran
Added: Feb 26 Checked: Jul 19 at 4:03 am
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 CAUDILL PROPERTIES
Investment Insights
Based on property information with market context.
This commercial condominium features a layout suitable for flex space, industrial, office, and warehouse uses. The property includes 2,050 square feet of office space, encompassing four offices, a conference room, and a utility room. Additionally, it offers 2,050 square feet of warehouse space, equipped with an overhead door. Additional parking is available at the rear of the property. The total property size is 4,100 square feet. This listing pertains specifically to Unit 1, situated at the back left of the property.
Key Highlights
- Dual office and warehouse space: 2050 sq ft of office space combined with 2050 sq ft of warehouse space.
- Includes a convenient overhead door for warehouse access.
- Features 4 private offices plus a conference room.
Local Financial Insights For Warehouse
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 | $40.0k | $9.75 |
| − Vacancy | −$1.2k | −$0.30 |
| EGI | $38.7k | $9.45 |
| − OpEx | −$5.8k | −$1.42 |
| NOI | $32.9k | $8.03 |
4,100 SF · lease $9.75/SF/yr · vacancy 3.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$980.0K
$857.5K – $1.14M
NOI $68,597 @ 7.0% cap · market cap 10.16%
Second Best
Warehouse
$470.4K
$411.6K – $548.8K
NOI $32,925 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.67M
NOI $100,459 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Iglesia Centro Nueva ...
Church
Suha Dabit Photography
Photography Service
Sharon Clark Finance ...
Tax Preparation
Hendersonville Laser & Skincare
Spa & Massage Center
Snaxx
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Commercial condo featuring office and warehouse space with overhead door.
Where is this flex space located?
The property is located at 5 Industrial Park Dr Hendersonville, TN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Dual office and warehouse space: **2050 sq ft of office space combined with 2050 sq ft of warehouse space.**; Includes a convenient overhead door for warehouse access.; Features **4 private offices plus a conference room.**
