Industrial Warehouse With Office
New
For Sale
Contact for pricing
7009 Westbelt Dr, Nashville, TN 37209
Functional industrial facility with dedicated offices, warehouse capacity, drive-in access, parking, and on-site maneuvering room.
Property Size21,400 SF
Lot Size1.01 Acres
Price / SF$221.96
Days on Market5
Property Features for 7009 Westbelt Dr
General Information
Standard status
Active
Size
21,400 SF
Lot size
1.01 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Warehouse Space
18,650 SF
Office Build-Out
2,750 SF
Drive-In Doors
2
Additional Details
Asking Price
$4,950,000
Building Details
Building Size
21,400 SF
Listing Agency:
Matthews Real Estate Investment Services - Corporate
(866) 889-0550
Listed By:
Jay Reeves · License #357879(TN)
(615) 476-3982
Source:
Moodyscre
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 15 at 11:05AM
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 Matthews Real Estate Investment Services - Corporate
Investment Insights
Based on property information with market context.
This industrial warehouse occupies a ±21,400 SF facility on a ±1.01-acre parcel within an established industrial park. The layout includes approximately ±2,750 SF of office space and ±18,650 SF of warehouse area, supporting distribution, service, and light manufacturing operations. Clear heights range from ±17’6″ to ±24’, and two oversized drive-in doors provide direct loading access for operational flexibility.
The property is located at 7009 Westbelt Dr in Nashville, with access to major transportation corridors. The site includes parking and maneuvering space, adding practical utility for warehouse and service users. Its configuration combines office functions, warehouse volume, vehicle access, and industrial-site improvements in one facility.
The property is located at 7009 Westbelt Dr in Nashville, with access to major transportation corridors. The site includes parking and maneuvering space, adding practical utility for warehouse and service users. Its configuration combines office functions, warehouse volume, vehicle access, and industrial-site improvements in one facility.
Key Highlights
- ±21,400 SF industrial facility on a ±1.01‑acre parcel
- ±2,750 SF of office space and ±18,650 SF of warehouse area
- Clear heights ranging from ±17’6″ to ±24’
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$184,672
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,693,440
$3.7M
Cap Rate 7%
$2,638,171
$2.6M
Cap Rate 9%
$2,051,911
$2.1M
Market Conditions
NOI Build-Up for 21,400 SF
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.
Gross rent
$226.0K $10.56/SF
− Vacancy
−$8.7K −$0.41/SF
EGI
$217.3K $10.15/SF
− OpEx
−$32.6K −$1.52/SF
NOI
$184.7K $8.63/SF
Area
ZIP 37209
Vacancy
3.86%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,693,440
Cap Rate 7%
$2,638,171
Cap Rate 9%
$2,051,911
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.08M
NOI $184,672 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.52M
$4.83M – $6.44M
NOI $386,433 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
24 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37209, TN
40,498
Population
21,421
Households
1.9
Avg Household Size
32
Median Age
57%
College-Educated
92%
High-School Grad
33.6 sq mi
ZIP Area
1,205
Density / Sq Mi
$75,810
Median Household Income
$48,965
Median Earnings
$1,580
Median Rent
$495,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Nashville, TN
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Similar Off Market Nearby
- Alexander's Mobility Services - Atlas Van Lines — 7235 Cockrill Bend Blvd, Nashville, TN 37209
- NStorage Inc. — 6140 Cockrill Bend Cir, Nashville, TN 37209
- BLVD Aviation — 16 Tune Airport Dr, Nashville, TN 37209
Frequently Asked Questions
What type of property is this?
Warehouse - Functional industrial facility with dedicated offices, warehouse capacity, drive-in access, parking, and on-site maneuvering room.
Where is this warehouse located?
The property is located at 7009 Westbelt Dr Nashville, TN.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: ±21,400 SF industrial facility on a ±1.01‑acre parcel; ±2,750 SF of office space and ±18,650 SF of warehouse area; Clear heights ranging from ±17’6″ to ±24’
