Mixed-Use Office
For Sale
$524,900
738 Nissan Dr, Smyrna, TN 37167
C2-zoned commercial property with office space, a detached building, and an existing tenant in place.
Property Size1,425 SF
Lot Size0.38 Acres
Price / SF$368.35
Days on Market47
Property Features for 738 Nissan Dr
General Information
Standard status
Active
Size
1,425 SF
Lot size
0.38 Acres
Zoning
C2
Site & Location
Road Frontage
95.7 ft
Traffic Count
27,188 vehicles/day
Road Access
Yes
Additional Details
Gross Income
$24,000
Land Use
mixed-use, professional office
Amenities
kitchen/break room
Building Details
Year Built
1980
Buildings
2
Tenancy
Multi
Listing Agency:
Reliant Realty ERA Powered
Listed By:
Amanda Ackerman
(615) 859-7150
Source:
Fykesrealtygroup
Added: Aug 30
Changed: Oct 9
Last Checked: Oct 7 at 2:21PM
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 Reliant Realty ERA Powered
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Investment Insights
Based on property information with market context.
This mixed-use office property includes 1,425 square feet of space, a full working kitchen with appliances, and a break room. A portion of the building is leased, while the remaining office area is available for continued leasing or owner occupancy. The property also includes a 400-square-foot detached building with heating, cooling, and electric service. A new roof has been installed.
The site contains 0.38 acre and offers 95.7 feet of frontage along a major commercial corridor with reported traffic of 27,188 Average Annual Daily Traffic. C2 zoning is identified for service businesses, medical offices, and professional offices. The existing lease provides flexibility to continue the tenancy or terminate it with 30 days’ notice following the sale, in accordance with the lease agreement.
The site contains 0.38 acre and offers 95.7 feet of frontage along a major commercial corridor with reported traffic of 27,188 Average Annual Daily Traffic. C2 zoning is identified for service businesses, medical offices, and professional offices. The existing lease provides flexibility to continue the tenancy or terminate it with 30 days’ notice following the sale, in accordance with the lease agreement.
Key Highlights
- 1,425 SF mixed‑use office property on a 0.38‑acre site
- 400 sq ft detached building with heating, cooling, and electric
- 95.7 ft of frontage on a major commercial corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,052
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,040
$541.0K
Cap Rate 7%
$386,457
$386.5K
Cap Rate 9%
$300,578
$300.6K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$45.7K $32.04/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$43.3K $30.37/SF
− OpEx
−$16.2K −$11.39/SF
NOI
$27.1K $18.98/SF
Area
Rutherford County, TN
Vacancy
5.20%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,040
Cap Rate 7%
$386,457
Cap Rate 9%
$300,578
Alternative Uses
Best Use
Mixed Use
$386.5K
$338.2K – $450.9K
NOI $27,052 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$340.6K
$298.0K – $397.4K
NOI $23,842 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$492.5K
$430.9K – $574.6K
NOI $34,474 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
27,188 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 37167, TN
61,731
Population
23,694
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
55.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$79,720
Median Household Income
$42,705
Median Earnings
$1,359
Median Rent
$330,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned commercial property with office space, a detached building, and an existing tenant in place.
Where is this mixed-use property located?
The property is located at 738 Nissan Dr Smyrna, TN.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 1,425 SF mixed‑use office property on a 0.38‑acre site; 400 sq ft detached building with heating, cooling, and electric; 95.7 ft of frontage on a major commercial corridor
