Suite 202 Leased Office
For Sale
$550,000
7984 Coley Davis Rd 202, Nashville, TN 37221
Suite 202 offers a reception area, five private offices, and conference or staff lounge space in a leased NNN office condo.
Property Size1,480 SF
Price / SF$371.62
Days on Market127
Property Features for 7984 Coley Davis Rd 202
General Information
Standard status
Active
Size
1,480 SF
Property subtype
Office
Financials
Cap Rate
5.58%
HOA Fee
$450
Building Details
Building Size
1,480 SF
Year Built
2005
Tenancy
Single
Listing Agency:
Keller Williams Realty Nashville/Franklin
(615) 573-5783
Listed By:
Alex Delgado · License #284580
(615) 573-5783
Source:
Fridrichandclark
Added: Mar 26
Changed: Jul 30
Last Checked: Jul 30 at 10:43AM
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 Keller Williams Realty Nashville/Franklin
Investment Insights
Based on property information with market context.
Harpeth Springs Business Park professional office condominium suite 202 is designed for day-to-day client and team use, with a reception room, five private offices, and a large conference and/or staff lounge. The suite includes one bathroom and a storage room, and features interior frosted glass doors, along with high-end finishes and lighting that support the modern designer fixture package.
The property is leased NNN, with a stated 5.58% cap rate. Built in 2005, the office condominium is located at 7984 Coley Davis Rd, Nashville, TN 37221, in the Bellevue (West Nashville) area.
The property is leased NNN, with a stated 5.58% cap rate. Built in 2005, the office condominium is located at 7984 Coley Davis Rd, Nashville, TN 37221, in the Bellevue (West Nashville) area.
Key Highlights
- Leased NNN suite 202 with a stated 5.58% cap rate
- Suite 202 layout includes reception, five private offices, and a conference and/or staff lounge
- 1,480 SF office condominium suite with 1 bathroom and a storage room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $26.40 |
| − Vacancy | −$6.1k | −$4.09 |
| EGI | $33.0k | $22.31 |
| − OpEx | −$8.3k | −$5.58 |
| NOI | $24.8k | $16.73 |
1,480 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$353.7K
$309.5K – $412.7K
NOI $24,762 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.3K
$435.1K – $580.2K
NOI $34,810 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
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 - Suite 202 offers a reception area, five private offices, and conference or staff lounge space in a leased NNN office condo.
Where is this office units located?
The property is located at 7984 Coley Davis Rd 202 Nashville, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Leased NNN suite 202 with a stated 5.58% cap rate; Suite 202 layout includes reception, five private offices, and a conference and/or staff lounge; 1,480 SF office condominium suite with 1 bathroom and a storage room
