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    613 Ewing Ave Nashville, TN 37203

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    For Lease
    Contact for pricing

    Prime Nashville office, flexible suites available.

    Lot size:
    21,337 SF

    Property Features for 613 Ewing Ave

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,337 SF
    Class
    A

    Building Details

    Year Renovated
    2021
    Buildings
    1
    Stories
    3

    Spaces For Lease

    at 613 Ewing Ave, Nashville, TN 37203 Contact us

    We can help!

    Listing Contact
    Cameron Bice
    Cameron Bice

    Listing Agency: Sagemont Real Estate Listing Agent: Cameron Bice

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    The Ink Building, located at 613 Ewing Ave, Nashville, TN 37203, offers a diverse range of office spaces in a Class A building. This three-story building, renovated in 2021, boasts a total of 21,337 square feet, with 10,469 square feet currently vacant and available for lease. The building is zoned DTC and sits on a 0.36-acre lot. Multiple tenancy options are available, with spaces ranging from a minimum of 1,309 square feet to a maximum contiguous space of 10,469 square feet. The building features modern amenities including elevators. Its convenient location near Lafayette Street in Nashville provides easy access to various transportation routes and local amenities. The Ink Building is ideal for businesses seeking traditional office space, executive suites, coworking arrangements, or creative office environments. The property's versatile layout and modern design make it an excellent choice for a variety of tenants. This is a unique opportunity to secure prime office space in a thriving Nashville location. The building's address is 613 Ewing Ave, cross street Lafayette, and the APN is 093 14 0 295.00.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SafeSurv, Inc. (Bike/Boat/Book/etc) Store OneNine Marketing & Advertising INK Building Coworking & Hybrid Office Peachtree Entertainment Theater & Performing Art Venue FLO | THINKERY Consultant

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7760813
    Latitude
    36.15266

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    FAQs

    What type of property is this?
    Office units - Prime Nashville office, flexible suites available.
    Where is this office units located?
    The property is located at 613 Ewing Ave Nashville, TN.
    What are key features of this property?
    This property features: Class A office building totaling 21,337 square feet, renovated in 2021.; 10,469 square feet of vacant office space available for lease.; Multiple suite sizes available, ranging from 1,309 to 10,469 contiguous square feet.
    (615) 601-0630 Call to check price and availability
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    613 Ewing Ave Nashville, TN 37203
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    613 Ewing Ave Nashville, TN 37203
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    Contact for Pricing
    Please call us for current price
    and status of this listing Cameron Bice
    Cameron Bice
    Real Estate License ID: 0000
    (615) 601-0630 (205) 335-0105
    Learn more
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