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    397 Wallace Rd Nashville, TN 37211

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

    Modern medical suites, various sizes available.

    Lot size:
    4,354 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional medical office building, located at 397 Wallace Rd in Nashville, Tennessee, 37211, offers 4,354 square feet of completely vacant, leasable space. The building is currently available for lease as a whole or in divisible units. Multiple tenancy options are available, with a minimum leasable space of 865 square feet and a maximum contiguous space of 3,489 square feet. This presents a unique opportunity for medical practices seeking flexible and adaptable space to accommodate their specific needs. The building's prime location in Nashville provides excellent visibility and accessibility for patients and staff. The address is conveniently situated at 397 Wallace Rd, offering easy access to major transportation routes and local amenities. This property is ideal for a variety of medical practices, offering a modern and efficient workspace in a thriving medical community. The building's total square footage is 4,354 square feet, providing ample room for growth and expansion. Six individual spaces are available, ranging in size to accommodate different practice sizes and requirements. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a well-located, fully vacant medical office building in a desirable Nashville neighborhood.

    Property Features for 397 Wallace Rd

    General Information

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

    Unit(s) available at that property

    Space
    Suite 204
    Size
    3,407 SF
    Rate per SF
    $24
    Space
    Suite 206
    Size
    1,780 SF
    Rate per SF
    $24
    Space
    Suite 101
    Size
    5,175 SF
    Rate per SF
    $24
    Space
    Suite 104
    Size
    4,350 SF
    Rate per SF
    $24
    Space
    Suite 410
    Size
    3,321 SF
    Rate per SF
    $24
    Space
    Suite 415
    Size
    3,031 SF
    Rate per SF
    $24

    HighLights

    • 4,354 SF medical office building available for lease in Nashville, TN.
    • Fully vacant and divisible into multiple units (minimum 865 SF, maximum contiguous 3,489 SF).
    • Prime location with excellent visibility and accessibility.
    • Ideal for various medical practices seeking flexible space in a thriving medical community.
    • Six individual suites available, ranging in size to accommodate different practice needs.
    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 - Modern medical suites, various sizes 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: 4,354 SF medical office building available for lease in Nashville, TN.; Fully vacant and divisible into multiple units (minimum 865 SF, maximum contiguous 3,489 SF).; Prime location with excellent visibility and accessibility.
    Request Owner's contact information
    397 Wallace Rd 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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