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    397 Wallace Rd Nashville, TN 37211

    Sponsored
    For Lease
    $24 SF/Yr ($8,889 /Mo)

    Prime Medical Office Space Available

    Lot size:
    4,354 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class B medical office building, located at 397 Wallace Rd, Nashville, TN 37211, offers a unique opportunity for healthcare providers. Built in 1988, the four-story building boasts a total of 4,354 square feet, with ample parking (260 spaces). Currently, there is 5,908 square feet of vacant space available for lease, divisible into units as small as 865 square feet, with a maximum contiguous space of 3,489 square feet. The building's multiple tenancy structure provides flexibility for various medical practices or related businesses. Its convenient location in Nashville, Tennessee, ensures high visibility and accessibility for patients and staff. The property is ideal for practices seeking expansion or a new location in a thriving medical community. The building's existing infrastructure and ample parking provide a comfortable and convenient environment for both patients and staff. This is a rare opportunity to secure prime medical office space in a desirable Nashville location. Interested parties should inquire about lease terms and availability. The address is 397 Wallace Rd, Nashville, TN 37211.

    Property Features for 397 Wallace Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,354 SF
    Class
    B
    Total Rate
    8889.42

    Building Details

    Year Built
    1988
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 304
    Size
    1,642 SF
    Rate per SF
    $24
    Space
    Available Space 104
    Size
    5,177 SF
    Rate per SF
    $24
    Space
    Suite 403
    Size
    2,207 SF
    Rate per SF
    $24
    Space
    Suite 303
    Size
    1,478 SF
    Rate per SF
    $24
    Space
    Suite 400
    Size
    5,908 SF
    Rate per SF
    $24
    Space
    Suite 201
    Size
    1,490 SF
    Rate per SF
    $24

    HighLights

    • On‑site security.
    • On‑site cafeteria.
    • Professional management and maintenance.
    • Easy patient access.
    • Entire campus renovated.
    • On‑site YMCA.
    Property Profile Location Intelligence

    Current Use by Public Records

    TriStar Southern Hills ... Medical Center Integrity Dental Dentist Tennessee Oncology PLLC: ... Cancer Treatment Center Hickory Medical Advisors: ... Doctor Family Practice Associates ... Family Practice Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7233276
    Latitude
    36.0762191

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space Available
    Where is this medical office located?
    The property is located at 397 Wallace Rd Nashville, TN.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: On-site security.; On-site cafeteria.; Professional management and maintenance.
    Request Owner's contact information
    397 Wallace Rd Nashville, TN 37211
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    Nashville, TN 37211
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    397 Wallace Rd Nashville, TN 37211
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