Flex Showroom and
629 Myatt Drive Madison, TN 37115
629 Myatt Drive, Madison, TN, 37115
Contact for pricing
For Sale
Contact for pricing
Flex property combines modern showroom space, professional offices, and warehouse areas with 20-foot clear heights.
Property Size37,000 SF
Lot Size3.44 Acres
Price / SF$135.14
Days on Market31
Property Features for 629 Myatt Drive
General Information
- Standard status
- Active
- Size
- 37,000 SF
- Lot size
- 3.44 Acres
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 1981
Listing agency
capital corporation
Listed by
Bryan Chance · License #TN 288775
Source
Crexi
Added: Jun 22 Updated: Jul 21 at 7:55PM Checked: Jul 21 at 7:55PM
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 capital corporation
Investment Insights
Based on property information with market context.
This flex space property offers a combination of modern showroom facilities with professional office space and extensive warehouse areas. The warehouse portions provide 20-foot clear heights, supporting a range of light industrial or distribution-related uses where overhead clearance matters.
The asset is situated on a 3.44-acre site in a retail corridor with nearby major retailers including Walmart, Amazon, and Home Depot, along with various restaurants. The configuration provides showroom visibility while maintaining practical warehouse space for operations.
Offered for sale as a 37,000 SF flex building, it is positioned to accommodate businesses seeking both customer-facing showroom space and functional warehouse capacity within the same facility.
The asset is situated on a 3.44-acre site in a retail corridor with nearby major retailers including Walmart, Amazon, and Home Depot, along with various restaurants. The configuration provides showroom visibility while maintaining practical warehouse space for operations.
Offered for sale as a 37,000 SF flex building, it is positioned to accommodate businesses seeking both customer-facing showroom space and functional warehouse capacity within the same facility.
Key Highlights
- 37,000 SF flex space (Year Built 1981) at 629 Myatt Drive in Madison, TN.
- Showroom space with professional office areas.
- Extensive warehouse with 20‑foot clear heights.
Local Financial Insights For Retail
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 | $666.0k | $18.00 |
| − Vacancy | −$33.3k | −$0.90 |
| EGI | $632.7k | $17.10 |
| − OpEx | −$189.8k | −$5.13 |
| NOI | $442.9k | $11.97 |
37,000 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$44.79M
$39.20M – $52.26M
NOI $3,135,605 @ 7.0% cap · market cap 62.71%
Second Best
Industrial
$37.87M
$33.14M – $44.18M
NOI $2,650,922 @ 7.0% cap · market cap 53.02%
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
America's Motor Sports ...
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex property combines modern showroom space, professional offices, and warehouse areas with 20-foot clear heights.
Where is this flex space located?
The property is located at 629 Myatt Drive Madison, TN.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 37,000 SF flex space (Year Built 1981) at 629 Myatt Drive in Madison, TN.; Showroom space with professional office areas.; Extensive warehouse with 20‑foot clear heights.
