Single-Tenant Office
For Sale
$999,900
715 Walker Dr, Smithville, TN 37166
Renovated government office facility with a long-term modified-gross lease and full occupancy.
Property Size4,998 SF
Lot Size1.12 Acres
Price / SF$200.06
Days on Market8
Property Features for 715 Walker Dr
General Information
Standard status
Active
Size
4,998 SF
Total Parking Spaces
45
Lot size
1.12 Acres
Zoning
C-1
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$6,114
Building Details
Year Built
2004
Year Renovated
2025
Buildings
1
Building Size
4,998 SF
Tenancy
Single
Owner Occupied
No
Listing Agency:
American Way Real Estate
(931) 526-9581
Listed By:
Sarah Caldwell-Davis · License #243281
(931) 252-2949
Source:
Exprealty
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 24 at 1:02PM
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 American Way Real Estate
Investment Insights
Based on property information with market context.
This 4,998-square-foot office building occupies 1.12 acres in Smithville and is fully leased for government office use. Originally constructed in 2004, the property received renovations and improvements in 2025 to meet State office requirements. The site includes a 110 x 140 parking area with capacity for 45 parking spaces.
The property is leased to the State of Tennessee under a modified-gross agreement with an initial 10-year term, one additional three-year renewal option, and scheduled rental increases. The tenant pays gas, electric, water, sewer, janitorial services, and janitorial supplies. Located at 715 Walker Dr, the property carries C-1 commercial zoning and is offered as a leased-fee investment. Possession remains subject to the State of Tennessee lease.
The property is leased to the State of Tennessee under a modified-gross agreement with an initial 10-year term, one additional three-year renewal option, and scheduled rental increases. The tenant pays gas, electric, water, sewer, janitorial services, and janitorial supplies. Located at 715 Walker Dr, the property carries C-1 commercial zoning and is offered as a leased-fee investment. Possession remains subject to the State of Tennessee lease.
Key Highlights
- 4,998‑square‑foot office building on 1.12 acres
- 100% occupied by the State of Tennessee
- Modified‑gross lease with an initial 10‑year term and one three‑year renewal option
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 37166, TN
14,379
Population
7,199
Households
2
Avg Household Size
42
Median Age
18%
College-Educated
81%
High-School Grad
154.6 sq mi
ZIP Area
93
Density / Sq Mi
$46,713
Median Household Income
$35,640
Median Earnings
$768
Median Rent
$183,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Renovated government office facility with a long-term modified-gross lease and full occupancy.
Where is this office building located?
The property is located at 715 Walker Dr Smithville, TN.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 4,998‑square‑foot office building on 1.12 acres; 100% occupied by the State of Tennessee; Modified‑gross lease with an initial 10‑year term and one three‑year renewal option
