5-Suite Office
For Sale
Contact for pricing
7978 Coley Davis Rd, Nashville, TN 37221
Office property offered as a combined portfolio or through individual suite sales.
Property Size7,400 SF
Price / SF$270.27
Days on Market188
Property Features for 7978 Coley Davis Rd
General Information
Standard status
Active
Size
7,400 SF
Property subtype
Office
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Charles Hawkins Co.
Listed By:
Bridger Smith · License #TN
(901) 489-5930
Source:
Crexi
Added: Apr 15
Changed: Oct 6
Last Checked: Oct 19 at 5:18AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Nashville office property comprises 7,400 square feet across five suites, creating a multi-suite configuration for an owner seeking a portfolio acquisition or an individual suite purchase. The property is located at 7978 Coley Davis Rd in Nashville, Tennessee.
One Bellevue Place is only minutes away, while downtown Nashville is approximately 15 minutes from the property. The offering provides flexibility to acquire the full office grouping or select suites individually.
One Bellevue Place is only minutes away, while downtown Nashville is approximately 15 minutes from the property. The offering provides flexibility to acquire the full office grouping or select suites individually.
Key Highlights
- 7,400 SF office property arranged in 5 suites
- Available as a portfolio or individually
- Located at 7978 Coley Davis Rd, Nashville, TN 37221
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,809
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,476,180
$2.5M
Cap Rate 7%
$1,768,700
$1.8M
Cap Rate 9%
$1,375,656
$1.4M
Market Conditions
NOI Build-Up for 7,400 SF
Gross rent
$195.4K $26.40/SF
− Vacancy
−$30.3K −$4.09/SF
EGI
$165.1K $22.31/SF
− OpEx
−$41.3K −$5.58/SF
NOI
$123.8K $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 Rate 5%
$2,476,180
Cap Rate 7%
$1,768,700
Cap Rate 9%
$1,375,656
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.06M
NOI $123,809 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,048 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Frequently Asked Questions
What type of property is this?
Office units - Office property offered as a combined portfolio or through individual suite sales.
Where is this office units located?
The property is located at 7978 Coley Davis Rd Nashville, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 7,400 SF office property arranged in 5 suites; Available as a portfolio or individually; Located at 7978 Coley Davis Rd, Nashville, TN 37221
