Pasquo Flex Space with
8865 Griffith Rd Nashville, TN 37221
8865 Griffith Rd, Nashville, TN, 37221
Contact for pricing
For Sale
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Flex space on 5.21 acres with unique underground bunker.
Property Size11,000 SF
Lot Size5.21 Acres
Price / SF$122.73
Days on Market1124
Property Features for 8865 Griffith Rd
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 5.21 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1952
Listing agency
KW Commercial / Sims Commercial Real Estate Inc.
(615) 961-4040
Listed by
Michael Sims · License #339037
Source
Crexi
Added: Jun 24, 2023 Updated: Jul 10 at 3:43PM Checked: Jul 21 at 9:37AM
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 KW Commercial / Sims Commercial Real Estate Inc.
Investment Insights
Based on property information with market context.
The property features approximately 11,000 square feet of total space situated on a 5.21-acre lot, accommodating parking for over 30 vehicles. The structure includes a 4,400-square-foot upstairs garage and a 6,600-square-foot underground bunker. Renovated in 2020, the property is equipped with two 10-foot grade-level roll-up doors and utilizes city water, septic, and electric utilities. Zoned AR2a (Residential Agricultural), the property is located in Pasquo, Davidson County, offering a rural environment with convenient access to Nashville’s urban amenities. The zoning and layout provide potential for various uses, including storage, specialty commercial applications, or adaptive reuse.
Key Highlights
- Large +/- 5.21‑acre lot with parking for over 30 vehicles
- Unique 6,600 SF underground bunker
- Substantial 11,000 SF of total space (4,400 SF upstairs garage)
Local Financial Insights For Warehouse
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 | $105.3k | $9.57 |
| − Vacancy | −$4.1k | −$0.37 |
| EGI | $101.2k | $9.20 |
| − OpEx | −$15.2k | −$1.38 |
| NOI | $86.0k | $7.82 |
11,000 SF · lease $9.57/SF/yr · vacancy 3.86% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.07M
$1.81M – $2.42M
NOI $145,174 @ 7.0% cap · market cap 10.75%
Second Best
Warehouse
$1.23M
$1.08M – $1.43M
NOI $86,026 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$3.70M
$3.23M – $4.31M
NOI $258,720 @ 7.0% cap · market cap 19.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex space on 5.21 acres with unique underground bunker.
Where is this flex space located?
The property is located at 8865 Griffith Rd Nashville, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Large +/- 5.21‑acre lot with parking for over 30 vehicles; Unique 6,600 SF underground bunker; Substantial 11,000 SF of total space (4,400 SF upstairs garage)
