Second-Floor Office Suite with
For Sale
Contact for pricing
7879 Coley Davis Rd suite 201, Nashville, TN 37221
Professional workspace on the second floor with convenient elevator access.
Property Size1,480 SF
Price / SF$368.24
Days on Market139
Property Features for 7879 Coley Davis Rd suite 201
General Information
Standard status
Active
Size
1,480 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
Second Floor
Office Units
1
Listing Agency:
Charles Hawkins Co.
(901) 489-5930
Listed By:
Paul Myers, CCIM, SIOR · License #295907
Source:
Crexi
Added: Apr 15
Changed: Aug 30
Last Checked: Aug 30 at 5:10AM
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 Charles Hawkins Co.
Investment Insights
Based on property information with market context.
Suite 201 offers 1,480 square feet of office space on the second floor, with elevator service to the suite. The unit can be purchased individually or included with an executive office portfolio comprising five suites and 7,400 square feet.
Located at 7879 Coley Davis Rd in Nashville, the property is minutes from One Bellevue Place and approximately 15 minutes from downtown Nashville. The offering provides a defined office unit within a larger multi-suite commercial property.
Located at 7879 Coley Davis Rd in Nashville, the property is minutes from One Bellevue Place and approximately 15 minutes from downtown Nashville. The offering provides a defined office unit within a larger multi-suite commercial property.
Key Highlights
- 1,480 SF office unit in Suite 201
- Second‑floor location with elevator access
- Available individually or as part of a five‑suite portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$495,240
$495.2K
Cap Rate 7%
$353,743
$353.7K
Cap Rate 9%
$275,133
$275.1K
Market Conditions
NOI Build-Up for 1,480 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.1K $26.40/SF
− Vacancy
−$6.1K −$4.09/SF
EGI
$33.0K $22.31/SF
− OpEx
−$8.3K −$5.58/SF
NOI
$24.8K $16.73/SF
Area
ZIP 37221
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$495,240
Cap Rate 7%
$353,743
Cap Rate 9%
$275,133
Alternative Uses
Best Use
Office B
$353.7K
$309.5K – $412.7K
NOI $24,762 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.3K
$435.1K – $580.2K
NOI $34,810 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 37221, TN
42,312
Population
20,323
Households
2.1
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
49.3 sq mi
ZIP Area
858
Density / Sq Mi
$99,083
Median Household Income
$58,191
Median Earnings
$1,778
Median Rent
$432,900
Median Home Value
Market
Vacancy Rate% for Office in Nashville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional workspace on the second floor with convenient elevator access.
Where is this office units located?
The property is located at 7879 Coley Davis Rd suite 201 Nashville, TN.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 1,480 SF office unit in Suite 201; Second‑floor location with elevator access; Available individually or as part of a five‑suite portfolio
