Two-Story Office
For Sale
Contact for pricing
7408 Tennessee Excavating Dr, Nolensville, TN 37135
Modern steel-frame property supports multi-tenant professional office use.
Property Size23,784 SF
Lot Size1.07 Acres
Price / SF$343.31
Days on Market108
Property Features for 7408 Tennessee Excavating Dr
General Information
Standard status
Active
Size
23,784 SF
Total Parking Spaces
46
Lot size
1.07 Acres
Property subtype
Retail, Office
Zoning
Commercial Use
Occupancy
31%
Investment Type
Value Add
Building Details
Year Built
2022
Buildings
1
Stories
2
Tenancy
Multi
Building Size
23,784 SF
Construction
steel frame
Listing Agency:
Colliers - Huntsville, Alabama
Listed By:
Clarke Todd · License #RE-14135
(256) 539-1686
Source:
Crexi
Added: Jun 29
Changed: Oct 7
Last Checked: Oct 12 at 9:34PM
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 Colliers - Huntsville, Alabama
Investment Insights
Based on property information with market context.
Located at 7408 Tennessee Excavating Dr in Nolensville, this office property was completed in 2022 and spans two levels within a durable steel-frame structure. The building contains 23,784 square feet on a 1.07-acre site, with floorplans suited to professional office operations and corporate headquarters use.
The property is configured for multiple occupants and is currently 67% occupied. Its newer construction and contemporary design provide a current office setting for businesses seeking space in a multi-tenant environment.
The property is configured for multiple occupants and is currently 67% occupied. Its newer construction and contemporary design provide a current office setting for businesses seeking space in a multi-tenant environment.
Key Highlights
- 23,784‑square‑foot office building completed in 2022
- Two‑story, multi‑tenant configuration
- Durable steel‑frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$365,505
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,310,100
$7.3M
Cap Rate 7%
$5,221,500
$5.2M
Cap Rate 9%
$4,061,167
$4.1M
Market Conditions
NOI Build-Up for 21,846 SF
Gross rent
$576.7K $26.40/SF
− Vacancy
−$89.4K −$4.09/SF
EGI
$487.3K $22.31/SF
− OpEx
−$121.8K −$5.58/SF
NOI
$365.5K $16.73/SF
Area
Williamson County, TN
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,310,100
Cap Rate 7%
$5,221,500
Cap Rate 9%
$4,061,167
Alternative Uses
Best Use
Office B
$5.22M
$4.57M – $6.09M
NOI $365,505 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.40M
$5.60M – $7.47M
NOI $448,280 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 37135, TN
21,176
Population
7,818
Households
2.7
Avg Household Size
36
Median Age
66%
College-Educated
96%
High-School Grad
36.9 sq mi
ZIP Area
574
Density / Sq Mi
$146,028
Median Household Income
$63,799
Median Earnings
$2,217
Median Rent
$629,100
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 South region
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Frequently Asked Questions
What type of property is this?
Office building - Modern steel-frame property supports multi-tenant professional office use.
Where is this office building located?
The property is located at 7408 Tennessee Excavating Dr Nolensville, TN.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 23,784‑square‑foot office building completed in 2022; Two‑story, multi‑tenant configuration; Durable steel‑frame construction
