Flex Property with
6853 Lascassas Pike, Lascassas, TN 37085
For Sale
$2,699,000
CS zoning and several additional structures offer space for varied commercial service operations.
Property Size10,500 SF
Lot Size8.70 Acres
Price / SF$257.05
Days on Market147
Property Features for 6853 Lascassas Pike
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Benchmark Realty, LLC
Listed By:
Julie Baez
(914) 207-4874
Source:
Benchmarkrealtytn
Added: Jun 15
Changed: Nov 7
Last Checked: Jul 8 at 12:50PM
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
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Investment Insights
Based on property information with market context.
This 8.7-acre flex property contains 10,500 square feet of combined office and warehouse space. The main building, constructed in 2008, includes 8,500 square feet of warehouse area and 2,000 square feet of office space. Supporting improvements include a 600-square-foot storage building, a 2,000-square-foot barn and a 420-square-foot smaller barn. The property is zoned Commercial Services (CS), with the source identifying contractor operations, warehousing, light manufacturing, offices and institutional uses among potential applications.
Located at 6853–6863 Lascassas Pike, the site is approximately 10 miles from Murfreesboro. Its additional buildings provide separate areas for storage or other property operations.
Located at 6853–6863 Lascassas Pike, the site is approximately 10 miles from Murfreesboro. Its additional buildings provide separate areas for storage or other property operations.
Key Highlights
- 8.7‑acre parcel with 10,500 square feet of combined office and warehouse space
- Main building includes 8,500 SF of warehouse and 2,000 SF of office space
- Three additional structures: 600 SF storage building, 2,000 SF barn and 420 SF smaller barn
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,479
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,309,580
$2.3M
Cap Rate 7%
$1,649,700
$1.6M
Cap Rate 9%
$1,283,100
$1.3M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$189.0K $18.00/SF
− Vacancy
−$11.3K −$1.08/SF
EGI
$177.7K $16.92/SF
− OpEx
−$62.2K −$5.92/SF
NOI
$115.5K $11.00/SF
Area
Rutherford County, TN
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,309,580
Cap Rate 7%
$1,649,700
Cap Rate 9%
$1,283,100
Alternative Uses
Best Use
Flex RnD
$1.65M
$1.44M – $1.92M
NOI $115,479 @ 7.0% cap · market cap 4.28%
Second Best
Warehouse
$1.20M
$1.05M – $1.41M
NOI $84,321 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$3.63M
$3.18M – $4.23M
NOI $254,016 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 37085, TN
5,268
Population
2,263
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
93%
High-School Grad
54.9 sq mi
ZIP Area
96
Density / Sq Mi
$123,469
Median Household Income
$55,039
Median Earnings
$411,800
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - CS zoning and several additional structures offer space for varied commercial service operations.
Where is this flex space located?
The property is located at 6853 Lascassas Pike Lascassas, TN.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: 8.7‑acre parcel with 10,500 square feet of combined office and warehouse space; Main building includes 8,500 SF of warehouse and 2,000 SF of office space; Three additional structures: 600 SF storage building, 2,000 SF barn and 420 SF smaller barn
