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Government Office Investment
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For Sale
$999,900

715 Walker Drive, Smithville, TN 37166

Commercial Sale, Smithville, TN

Property Size4,998 SF
Lot Size1.12 Acres
Price / SF$200.06
Days on Market3

Property Features for 715 Walker Drive

General Information

Property type Commercial Sale
Property subtype Office
Zoning C-1
Basement Crawl Space
Accessibility Accessible Approach with Ramp
Lot features Landscaped
Directions From the Putnam County Courthouse: Take S. Lowe Avenue to S. Jefferson Avenue. Take Exit 273 for TN-56 S Toward Smithville / McMinnville. Turn left onto TN-56 S and continue approximately 13 miles. Turn left onto E. Broad Street, right onto Bright HIll Road, then right onto Walker Drive. Property will be on the right at 715 Walker Drive.
Subdivision DeKalb Co., TN
Standard status Active
APN 19.01
Size 4,998 SF
Lot size 1.12 Acres

Taxes and HOA fees

Tax Annual Amount 6115

Utilities

Heating system Central, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 2004
Floors in Building 1
Number of units 1
Building materials Block, Brick, Vinyl Siding
Roof type Composition
Listing Agency: American Way Real Estate
Listed By: Sarah Caldwell-Davis · License #243281
Added: Sep 17 Changed: Sep 18 Last Checked: Sep 19 at 7:06AM
MLS# 247231

Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 4,998-square-foot office building sits on 1.12 acres and was constructed in 2004. The single-tenant property is 100% occupied by the State of Tennessee for Department of Children's Services and Department of Human Services operations. Renovations and improvements totaling $400,000 were completed in 2025 to meet State office requirements. The building includes block, brick, and vinyl siding construction, central heating and cooling, natural gas, public water, a composition roof, and an accessible approach with ramp.

The property is located at 715 Walker Drive in Smithville, Tennessee, and carries C-1 commercial zoning. Its parking area measures 110 x 140 and accommodates 45 parking spaces. The asset is subject to an executed modified-gross lease with an initial 10-year term, one additional three-year renewal option, and scheduled rental increases. The State pays gas, electric, water, sewer, janitorial services, and janitorial supplies.

Key Highlights

  • 4,998‑square‑foot office building on 1.12 acres
  • 100% occupied by the State of Tennessee
  • $400,000 in renovations and improvements completed in 2025

Property Analytics

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Current Use

Tennessee Department of Human ... Department Of Social Services De Kalb County ... Social Service Agency Children Services Department State Government Office

Suggested Use

Top Pick Plumbing Service Bakery Big Box & Wholesale Store Grocery & Convenience Store Furniture & Home Goods Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Single-tenant office property with recent improvements, full occupancy, and an executed modified-gross lease.
Where is this office building located?
The property is located at 715 Walker Drive 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; $400,000 in renovations and improvements completed in 2025
More about this property
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