Five-Office Condominium
For Sale
$550,000
7984 Coley Davis Rd 202, Nashville, TN 37221
Five private offices, a conference or lounge area, and dedicated storage support a professional layout.
Property Size1,480 SF
Price / SF$371.62
Days on Market49
Property Features for 7984 Coley Davis Rd 202
General Information
Standard status
Active
Size
1,480 SF
Site & Location
Neighborhood
Bellevue
Additional Details
Cap Rate
5.58%
Office Units
1
Building Details
Year Built
2005
Tenancy
Single
Owner Occupied
No
Listing Agency:
Keller Williams Realty Nashville/Franklin
Listed By:
Alex Delgado · License #284580
(615) 573-5783
Source:
Dreamdoorstn
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 7 at 4:14PM
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
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Investment Insights
Based on property information with market context.
Suite 202 is a 1,480 SF office condominium in Harpeth Springs Business Park. The layout includes a reception room, five private offices equipped with sinks and cabinetry, a large conference or staff lounge, one bathroom, and a storage room. Frosted glass interior doors, designer fixtures, modern lighting, and finished interior details complete the office environment.
The property is located at 7984 Coley Davis Rd in Bellevue, within West Nashville. Built in 2005, the unit is leased under an NNN structure and carries a 5.58% cap rate. The office configuration combines private work areas with shared meeting or staff space in a dedicated condominium unit.
The property is located at 7984 Coley Davis Rd in Bellevue, within West Nashville. Built in 2005, the unit is leased under an NNN structure and carries a 5.58% cap rate. The office configuration combines private work areas with shared meeting or staff space in a dedicated condominium unit.
Key Highlights
- 1,480 SF office condominium in Harpeth Springs Business Park
- Suite 202 includes five private offices, reception, conference or staff lounge, bathroom, and storage
- Five offices feature sinks and cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,762
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
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
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 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 4.50%
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.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Nashville, TN
Frequently Asked Questions
What type of property is this?
Office unit - Five private offices, a conference or lounge area, and dedicated storage support a professional layout.
Where is this office unit 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: 1,480 SF office condominium in Harpeth Springs Business Park; Suite 202 includes five private offices, reception, conference or staff lounge, bathroom, and storage; Five offices feature sinks and cabinetry
