Multi-Room Office
For Sale
Contact for pricing
507 E College St, Dickson, TN 37055
The interior includes a break room and additional space on the upper level.
Property Size2,632 SF
Price / SF$1.52
Days on Market30
Property Features for 507 E College St
General Information
Standard status
Active
Size
2,632 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
1926
Listing Agency:
Parker Peery Properties
(615) 446-1884
Listed By:
Hayley Thornton · License #355948
(615) 587-4829
Source:
Movehomenashville
Added: Oct 1
Changed: Oct 29
Last Checked: Oct 29 at 2:42PM
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 Parker Peery Properties
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Investment Insights
Based on property information with market context.
This office building dates to 1926 and features multiple rooms, a break room, and extra space upstairs. The room arrangement supports a range of professional office configurations, including private work areas and meeting space.
The property is on E College Street, just off Highway 46 and near downtown Dickson. Parking is available on site.
The property is on E College Street, just off Highway 46 and near downtown Dickson. Parking is available on site.
Key Highlights
- Multiple rooms for office, meeting, or reception functions
- Break room and additional upstairs space
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,036
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,720
$880.7K
Cap Rate 7%
$629,086
$629.1K
Cap Rate 9%
$489,289
$489.3K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$69.5K $26.40/SF
− Vacancy
−$10.8K −$4.09/SF
EGI
$58.7K $22.31/SF
− OpEx
−$14.7K −$5.58/SF
NOI
$44.0K $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%
$880,720
Cap Rate 7%
$629,086
Cap Rate 9%
$489,289
Alternative Uses
Best Use
Office B
$629.1K
$550.5K – $733.9K
NOI $44,036 @ 7.0% cap · market cap 1,100.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$771.6K
$675.1K – $900.2K
NOI $54,009 @ 7.0% cap · market cap 1,350.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
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Business Placement
Demographics for 37055, TN
29,319
Population
12,160
Households
2.4
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
201.7 sq mi
ZIP Area
145
Density / Sq Mi
$69,283
Median Household Income
$41,808
Median Earnings
$1,034
Median Rent
$258,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The interior includes a break room and additional space on the upper level.
Where is this office building located?
The property is located at 507 E College St Dickson, TN.
What are key features of this property?
This property features: Multiple rooms for office, meeting, or reception functions; Break room and additional upstairs space; Built in 1926
