Office and Light Industrial
For Sale
$1,100,000
711 Hill Ave, Nashville, TN 37210
Unique Office and Light Industrial Building For Sale
Property Size4,626 SF
Lot Size0.16 Acres
Price / SF$237.79
Days on Market506
Property Features for 711 Hill Ave
General Information
Standard status
Active
Property type
Flex space, Warehouses, Other office properties, Industrial properties, Office Spaces
Size
4,626 SF
Elevators
N/A
Lot size
0.16 Acres
Building Details
Year Built
1976
Buildings
1
Stories
2
Listed By:
Intero Headquarters
(408) 342-8696
Added: May 29, 2025
Changed: Mar 16
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Investment Insights
Based on property information with market context.
This unique office and light industrial building is available for sale. The property, situated in an industrial area off Murfreesboro Pike, offers convenient access to all interstate routes and proximity to the airport. The property features two buildings, one in front and one in the back. The front building has been recently remodeled for office use. The back building is a two-story structure suitable for owner occupancy or rental to separate tenants. The lot is fully paved. The property size is 4,626 square feet and the lot size is 0.16 acres. The property is located in Nashville, Tennessee.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,923
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,158,460
$1.2M
Cap Rate 7%
$827,471
$827.5K
Cap Rate 9%
$643,589
$643.6K
Market Conditions
NOI Build-Up for 4,626 SF
Gross rent
$97.1K $21.00/SF
− Vacancy
−$19.9K −$4.31/SF
EGI
$77.2K $16.70/SF
− OpEx
−$19.3K −$4.17/SF
NOI
$57.9K $12.52/SF
Area
Nashville, TN
Vacancy
20.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,158,460
Cap Rate 7%
$827,471
Cap Rate 9%
$643,589
Alternative Uses
Best Use
Office B
$827.5K
$724.0K – $965.4K
NOI $57,923 @ 7.0% cap · market cap 5.27%
Second Best
Flex RnD
$636.6K
$557.0K – $742.7K
NOI $44,562 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,435 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37210, TN
17,134
Population
9,201
Households
1.9
Avg Household Size
32
Median Age
32%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
1,842
Density / Sq Mi
$43,343
Median Household Income
$36,815
Median Earnings
$1,250
Median Rent
$334,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Nashville, TN
Similar Off Market Nearby
- Catering By Granny's — 902 Murfreesboro Pike, Nashville, TN 37217
- Baraka African Cuisine & Store — 325 Plus Park Blvd #107, Nashville, TN 37217
- MacHenry's Meat & Three — 581 Murfreesboro Pike, Nashville, TN 37210
Frequently Asked Questions
What type of property is this?
Flex space - Unique Office and Light Industrial Building For Sale
Where is this flex space located?
The property is located at 711 Hill Ave Nashville, TN.
What is the asking price?
The asking price for this property is $1,100,000.
