Industrial Flex
For Sale
$3,600,000
533 Myatt Drive, Madison, TN 37115
Heated warehouse with a loading dock paired with executive offices and training space in a 9,700+/- sf facility.
Property Size9,759 SF
Price / SF$368.89
Days on Market196
Property Features for 533 Myatt Drive
General Information
Standard status
Active
Size
9,759 SF
Property subtype
Commercial
Zoning
IWD
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Listing Agency:
Benchmark Realty, LLC
Listed By:
Lisa Paulson · License #327716
(615) 485-9520
Source:
Benchmarkrealtytn
Added: Mar 31
Changed: Sep 29
Last Checked: Oct 11 at 10:05AM
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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,278
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,265,560
$3.3M
Cap Rate 7%
$2,332,543
$2.3M
Cap Rate 9%
$1,814,200
$1.8M
Market Conditions
NOI Build-Up for 9,759 SF
Gross rent
$257.6K $26.40/SF
− Vacancy
−$39.9K −$4.09/SF
EGI
$217.7K $22.31/SF
− OpEx
−$54.4K −$5.58/SF
NOI
$163.3K $16.73/SF
Area
Davidson 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%
$3,265,560
Cap Rate 7%
$2,332,543
Cap Rate 9%
$1,814,200
Alternative Uses
Best Use
Warehouse
$11.81M
$10.34M – $13.78M
NOI $827,037 @ 7.0% cap · market cap 22.97%
Second Best
Industrial
$9.99M
$8.74M – $11.65M
NOI $699,199 @ 7.0% cap · market cap 19.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37115, TN
39,821
Population
19,845
Households
2
Avg Household Size
37
Median Age
23%
College-Educated
82%
High-School Grad
21.5 sq mi
ZIP Area
1,852
Density / Sq Mi
$53,034
Median Household Income
$37,215
Median Earnings
$1,263
Median Rent
$271,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
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 Drive Madison, TN.
What is the asking price?
The asking price for this property is $3,600,000.
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)
