Listing Agency: JLL - Nashville, Tennessee Show Phone

Listed By: Ben Mosley · License #TN 282433

Source: Crexi

Added: Apr 6, 2023 Changed: Aug 8 Last Checked: May 13 at 8:16PM

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Investment Insights

Based on property information with market context.

This industrial property, located in Eagleville, Tennessee, features a single-tenant building with 92,700 square feet of space on a 15.42-acre lot. The property is 100% leased and is situated in the Rutherford County submarket of Nashville, offering convenient access to major transportation routes. It is located 8.8 miles from I-840 and 19 miles from I-24. The property is well-positioned in a growing area.

Key Highlights

• 100% leased industrial property providing immediate income.
• Located in a rapidly growing area of Rutherford County.
• Excellent interstate access (8.8 miles to I‑840 and 19 miles to I‑24).

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$613,064

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.63%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$12,261,280 $12.3M

Cap Rate 7%

$8,758,057 $8.8M

Cap Rate 9%

$6,811,822 $6.8M

Market Conditions

NOI Build-Up for 92,700 SF 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.

Gross rent

$903.8K $9.75/SF

− Vacancy

−$28.0K −$0.30/SF

EGI

$875.8K $9.45/SF

− OpEx

−$262.7K −$2.83/SF

NOI

$613.1K $6.61/SF

Area

Rutherford County, TN

Vacancy

3.10%

Lease Rate

$9.75 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$12,261,280

Cap Rate 7%

$8,758,057

Cap Rate 9%

$6,811,822

Alternative Uses

Best Use

Warehouse

$10.63M

$9.31M – $12.41M (±1% cap)

NOI $744,435 @ 7.0% cap · market cap 10.49%

Second Best

Industrial

$8.76M

$7.66M – $10.22M (±1% cap)

NOI $613,064 @ 7.0% cap · market cap 8.63%

Theoretical Best

Specialty Retail

$32.04M

$28.03M – $37.38M (±1% cap)

NOI $2,242,598 @ 7.0% cap · market cap 31.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Wastequip Waste Management Facility

Suggested Use

Top Pick Building Supply Auto Parts Store Real Estate Agency Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

91

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 37060, TN

2,916

Population

1,287

Households

2.3

Avg Household Size

40

Median Age

30%

College-Educated

87%

High-School Grad

40.4 sq mi

ZIP Area

72

Density / Sq Mi

$101,466

Median Household Income

$50,857

Median Earnings

$1,368

Median Rent

$414,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Eagleville Mini Storage — 309 S Main St, Eagleville, TN 37060

Frequently Asked Questions

What type of property is this?

Warehouse - 92,700 SF industrial property in Eagleville, Tennessee.

Where is this warehouse located?

The property is located at 395 S Main St Eagleville, TN.

What is the asking price?

The asking price for this property is $7,100,000.

What are key features of this property?

This property features: 100% leased industrial property providing immediate income.; Located in a rapidly growing area of Rutherford County.; Excellent interstate access (8.8 miles to I‑840 and 19 miles to I‑24).