Renovated Office Space in College
6604 2nd St College Grove, TN 37046
6604 2nd St, College Grove, TN, 37046
$789,000
For Sale
$789,000
Prime commercial office space in the heart of College Grove.
Property Size1,492 SF
Lot Size0.69 Acres
Price / SF$528.82
Days on Market182
Property Features for 6604 2nd St
General Information
- Standard status
- Active
- Size
- 1,492 SF
- Lot size
- 0.69 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
ONWARD REAL ESTATE
(615) 595-5883
Listed by
MARABETH POOLE
Source
Corcoran
Added: Jan 20 Updated: Jul 6 at 10:03AM Checked: Jul 21 at 6:06AM
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 ONWARD REAL ESTATE
Investment Insights
Based on property information with market context.
This commercial office space, located in College Grove, offers 1,492 square feet of space. The renovated property features five versatile office spaces, two half baths, and a kitchenette. Interior updates include natural-finish wood flooring, fresh paint, and wood-paneled ceiling accents. Outdoor amenities include a spacious covered front porch, a back patio, and a separate storage building. A two-car carport with a storage room and a gravel parking lot provide parking. The property is located in the center of College Grove, offering visibility. It is suitable for a small business, professional offices, or as an investment opportunity.
Key Highlights
- Prime commercial office space in the heart of College Grove.
- Renovated property with 5 versatile office spaces.
- Ample parking with a 2‑car carport and gravel parking lot.
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 | $39.4k | $26.40 |
| − Vacancy | −$6.1k | −$4.09 |
| EGI | $33.3k | $22.31 |
| − OpEx | −$8.3k | −$5.58 |
| NOI | $25.0k | $16.73 |
1,492 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$356.6K
$312.0K – $416.1K
NOI $24,963 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.4K
$382.7K – $510.3K
NOI $30,616 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Prime commercial office space in the heart of College Grove.
Where is this office units located?
The property is located at 6604 2nd St College Grove, TN.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Prime commercial office space in the heart of College Grove.; Renovated property with 5 versatile office spaces.; Ample parking with a 2‑car carport and gravel parking lot.
