Renovated Flex
For Sale
Contact for pricing
885 Elm Hill Pike, Nashville, TN 37210
Renovated in 2016, the property combines office, warehouse, and storage areas.
Property Size31,441 SF
Lot Size1.30 Acres
Price / SF$182.72
Days on Market53
Property Features for 885 Elm Hill Pike
General Information
Standard status
Active
Size
31,441 SF
Lot size
1.30 Acres
Property subtype
FLEX_R_AND_D
Site & Location
Neighborhood
South Nashville
Highway Access
Yes
Building Details
Year Built
1968
Year Renovated
2016
Building Size
31,441 SF
Listing Agency:
Foundry Commercial | Nashville
(615) 997-0010
Listed By:
Andrew Maxwell
(615) 324-0793
Source:
Moodyscre
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 30 at 2:57PM
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 Foundry Commercial | Nashville
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Investment Insights
Based on property information with market context.
This 31,441 SF flex property occupies an approximately 1.3-acre site and includes a combination of office, warehouse, and storage space. Originally completed in 1968, the building underwent a full renovation in 2016, providing a practical configuration for an owner-user seeking varied commercial space.
The property is located one block from the Fesslers Lane-I-24/40 interchange and less than two miles from Downtown Nashville. Its position also places it near I-40 and the southeast Nashville industrial area, supporting convenient access to downtown and surrounding industrial districts.
The property is located one block from the Fesslers Lane-I-24/40 interchange and less than two miles from Downtown Nashville. Its position also places it near I-40 and the southeast Nashville industrial area, supporting convenient access to downtown and surrounding industrial districts.
Key Highlights
- 31,441 SF flex building on a ±1.3 acre lot
- Originally built in 1968 and fully renovated in 2016
- Combination of office, warehouse, and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$302,871
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,057,420
$6.1M
Cap Rate 7%
$4,326,729
$4.3M
Cap Rate 9%
$3,365,233
$3.4M
Market Conditions
NOI Build-Up for 31,441 SF
Gross rent
$490.5K $15.60/SF
− Vacancy
−$24.5K −$0.78/SF
EGI
$466.0K $14.82/SF
− OpEx
−$163.1K −$5.19/SF
NOI
$302.9K $9.63/SF
Area
Nashville, TN
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,057,420
Cap Rate 7%
$4,326,729
Cap Rate 9%
$3,365,233
Alternative Uses
Best Use
Flex RnD
$4.33M
$3.79M – $5.05M
NOI $302,871 @ 7.0% cap · market cap 5.27%
Second Best
Warehouse
$3.51M
$3.07M – $4.10M
NOI $245,885 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$8.00M
$7.00M – $9.34M
NOI $560,279 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37210, TN
17,134
Population
9,201
Households
1.9
Avg Household Size
32
Median Age
32%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
1,842
Density / Sq Mi
$43,343
Median Household Income
$36,815
Median Earnings
$1,250
Median Rent
$334,800
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 Industrial in Nashville, TN
Similar Off Market Nearby
- MacHenry's Meat & Three — 581 Murfreesboro Pike, Nashville, TN 37210
- Carol Ann's Mobile Bar — 407 Murfreesboro Pike, Nashville, TN 37210
- Chef Batts catering — 175 Lafayette St, Nashville, TN 37210
- Dega Catering — 214 Fesslers Ln, Nashville, TN 37210
Frequently Asked Questions
What type of property is this?
Flex space - Renovated in 2016, the property combines office, warehouse, and storage areas.
Where is this flex space located?
The property is located at 885 Elm Hill Pike Nashville, TN.
What is the asking price?
The asking price for this property is $5,745,000.
What are key features of this property?
This property features: 31,441 SF flex building on a ±1.3 acre lot; Originally built in 1968 and fully renovated in 2016; Combination of office, warehouse, and storage areas
