Industrial Flex
533 Myatt Dr Madison, TN 37115
533 Myatt Dr, Madison, TN, 37115
$2,950,000
For Sale
$2,950,000
Heated warehouse with a loading dock paired with executive offices and training space in a 9,700+/- sf facility.
Property Size9,700 SF
Price / SF$304.12
Days on Market112
Property Features for 533 Myatt Dr
General Information
- Standard status
- Active
- Size
- 9,700 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1999
Listing agency
Benchmark Realty, LLC
(615) 485-9520
Listed by
Lisa Paulson
(615) 485-9520
Source
Firstrealty
Added: Apr 2 Updated: Jul 21 at 4:53PM Checked: Jul 21 at 4:53PM
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 Benchmark Realty, LLC
Investment Insights
Based on property information with market context.
This industrial flex headquarters includes 9,700+/- sf of office/warehouse space with 10 executive offices and training space. The property also features a heated warehouse, a loading dock, and drive-in (indoor) access.
Zoned IWD (Industrial Warehouse Distribution), the site is designed for an organization that needs both administrative space and warehouse operations in one building. It offers easy access to I-65, with approximately 20 minutes to downtown Nashville and about 25 minutes to the airport.
Zoned IWD (Industrial Warehouse Distribution), the site is designed for an organization that needs both administrative space and warehouse operations in one building. It offers easy access to I-65, with approximately 20 minutes to downtown Nashville and about 25 minutes to the airport.
Key Highlights
- 9,700+/- SF office/warehouse facility with heated warehouse space and a loading dock
- 10 executive offices plus training space included in the commercial office/warehouse layout
- Zoned IWD (Industrial Warehouse Distribution)
Local 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 | $256.1k | $26.40 |
| − Vacancy | −$39.7k | −$4.09 |
| EGI | $216.4k | $22.31 |
| − OpEx | −$54.1k | −$5.58 |
| NOI | $162.3k | $16.73 |
9,700 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$11.74M
$10.28M – $13.70M
NOI $822,037 @ 7.0% cap · market cap 27.87%
Second Best
Industrial
$9.93M
$8.69M – $11.58M
NOI $694,971 @ 7.0% cap · market cap 23.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Puckett Engineering, PLLC
Engineering Consultant
Wright Fire & Forensics ...
Corporate Office
Wright Fire & Forensics
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Heated warehouse with a loading dock paired with executive offices and training space in a 9,700+/- sf facility.
Where is this flex space located?
The property is located at 533 Myatt Dr Madison, TN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 9,700+/- SF office/warehouse facility with heated warehouse space and a loading dock; 10 executive offices plus training space included in the commercial office/warehouse layout; Zoned IWD (Industrial Warehouse Distribution)
