Leased Downtown Office
902 S High St Columbia, TN 38401
For Sale
$650,000
Corner-lot office building with on-site parking, currently leased for straightforward owner or investor ownership.
Property Size1,722 SF
Lot Size0.23 Acres
Price / SF$377.47
Days on Market55
Property Features for 902 S High St
General Information
Standard status
Active
Size
1,722 SF
Lot size
0.23 Acres
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
WILD OLIVE REALTY
(931) 922-2405
Listed By:
ERIK RAMOS · License #366694
Source:
Corcoran
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 28 at 10:19AM
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 WILD OLIVE REALTY
Investment Insights
Based on property information with market context.
This commercial office building totals 1,722 square feet and sits on a 0.23-acre corner lot. The property is currently leased, offering an owner-operator or investor a turnkey setup. On-site parking is available, supporting day-to-day access for tenants, employees, and visitors.
Located at 902 S High St in Columbia, Tennessee, the building is positioned within walking distance of the Arts District and the Historic Square. That nearby downtown presence can help keep the property connected to the activity and foot traffic that surround those areas, while still benefiting from direct street access.
For tenants, buyers, or operators seeking a manageable commercial office asset, the combination of an existing tenant and readily usable site parking is a practical fit. The corner-lot configuration can also simplify arrival and wayfinding for on-site visits. The property is well-suited to an owner who wants to purchase an income-producing office building without needing to immediately source a new tenant.
Located at 902 S High St in Columbia, Tennessee, the building is positioned within walking distance of the Arts District and the Historic Square. That nearby downtown presence can help keep the property connected to the activity and foot traffic that surround those areas, while still benefiting from direct street access.
For tenants, buyers, or operators seeking a manageable commercial office asset, the combination of an existing tenant and readily usable site parking is a practical fit. The corner-lot configuration can also simplify arrival and wayfinding for on-site visits. The property is well-suited to an owner who wants to purchase an income-producing office building without needing to immediately source a new tenant.
Key Highlights
- 1,722 SF commercial office building built in 1985
- 0.23‑acre corner lot
- On‑site parking included
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 | $45.5k | $26.40 |
| − Vacancy | −$7.0k | −$4.09 |
| EGI | $38.4k | $22.31 |
| − OpEx | −$9.6k | −$5.58 |
| NOI | $28.8k | $16.73 |
1,722 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$411.6K
$360.1K – $480.2K
NOI $28,811 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.8K
$441.7K – $588.9K
NOI $35,335 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Corner-lot office building with on-site parking, currently leased for straightforward owner or investor ownership.
Where is this office building located?
The property is located at 902 S High St Columbia, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,722 SF commercial office building built in 1985; 0.23‑acre corner lot; On‑site parking included
