Industrial Flex and Mini Storage
636 North Main Street Ashland City, TN 37015
636 North Main Street, Ashland City, TN, 37015
$22,000,000
For Sale
$22,000,000
Two adjacent lots in C2 zoning combine flex/repair space with an operating mini storage business of 164 units.
Property Size37,060 SF
Lot Size6.71 Acres
Price / SF$593.63
Days on Market250
Property Features for 636 North Main Street
General Information
- Standard status
- Active
- Size
- 37,060 SF
- Lot size
- 6.71 Acres
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1996
Listing agency
At Home Realty
(615) 406-9988
Listed by
Amanda L. Bell · License #287001
(615) 406-9988
Source
Compass
Added: Nov 14, 2025 Updated: Jul 21 at 2:23PM Checked: Jul 21 at 2:23PM
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 At Home Realty
Investment Insights
Based on property information with market context.
This offering includes two adjacent lots totaling 6.71 acres, zoned C2. The first lot has a building with approximately 2,000 square feet of office space and approximately 3,000 square feet of warehouse/shop/vehicle repair space, including a garage pit, plus approximately 1,869 square feet of loft/storage space. The property also features an approximately 95% paved lot.
The second lot includes a working business with three mini storage buildings totaling approximately 32,060 square feet, with 164 units, along with approximately 2.5 acres of vacant land.
The configuration provides multiple income-producing and operating options across flex/repair space, storage buildings, and additional vacant land within the same C2-zoned assemblage.
The second lot includes a working business with three mini storage buildings totaling approximately 32,060 square feet, with 164 units, along with approximately 2.5 acres of vacant land.
The configuration provides multiple income-producing and operating options across flex/repair space, storage buildings, and additional vacant land within the same C2-zoned assemblage.
Key Highlights
- Two adjacent lots totaling 6.71 acres, both in C2 zoning
- 1st lot includes approx 2,000 SF office and approx 3,000 SF warehouse/shop/vehicle repair space
- 1st lot features a garage pit and approx 1,869 SF loft/storage area
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 | $978.4k | $26.40 |
| − Vacancy | −$151.6k | −$4.09 |
| EGI | $826.7k | $22.31 |
| − OpEx | −$206.7k | −$5.58 |
| NOI | $620.1k | $16.73 |
37,060 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.86M
$7.75M – $10.33M
NOI $620,051 @ 7.0% cap · market cap 2.82%
Second Best
Flex RnD
$5.88M
$5.15M – $6.87M
NOI $411,922 @ 7.0% cap · market cap 1.87%
Theoretical Best
Office A
$12.45M
$10.90M – $14.53M
NOI $871,651 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two adjacent lots in C2 zoning combine flex/repair space with an operating mini storage business of 164 units.
Where is this flex space located?
The property is located at 636 North Main Street Ashland City, TN.
What is the asking price?
The asking price for this property is $22,000,000.
What are key features of this property?
This property features: Two adjacent lots totaling 6.71 acres, both in C2 zoning; 1st lot includes approx 2,000 SF office and approx 3,000 SF warehouse/shop/vehicle repair space; 1st lot features a garage pit and approx 1,869 SF loft/storage area
