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    7982 Coley Davis Rd Nashville, TN 37221

    For Sale
    $540,000

    Bellevue Office Condo: Prime Location, High ROI

    Property size:
    1,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 1,480 sq ft Class B office condo in Nashville's desirable Bellevue area presents a compelling investment opportunity. Located at 7982 Coley Davis Road, Suite 101, this single-unit property, built in 2005, boasts a net lease with a single tenant and a strong 6.70% cap rate, generating a net operating income (NOI) of $36,186. The asking price is $540,000, translating to $364.86 per square foot. The property features a flexible open floor plan, recently updated with fresh paint and new flooring, ideal for various office configurations. It includes a private outdoor patio, a reception area, conference room, cubicles, filing room, utility closet, bathroom, and storage room. The property benefits from its convenient location, offering easy access to I-40 and Highway 70, proximity to public transportation, and less than a 15-minute commute to universities, hospitals, downtown Nashville, and surrounding affluent areas. Abundant nearby amenities include various restaurants, banks, and retail establishments. The lease includes annual rent bumps of 3%. The property is zoned COM. This is a turnkey investment perfect for owner-occupancy or continued leasing. Tenant improvement allowances and rent concessions are available.

    Property Features for 7982 Coley Davis Rd

    General Information

    Property type
    Office space
    Square Feet
    1,480 SF
    Class
    B

    Building Details

    Year Built
    2005
    Units
    1

    HighLights

    • $540,000 asking price for a 1,480 sq ft Class B office condo in Nashville, TN.
    • Net lease investment opportunity with a 6.70% cap rate and $36,186 NOI.
    • Located in the Harpeth Springs Business Park, Bellevue, offering easy access to I‑40 and Highway 70.
    • Single‑tenant, 1‑unit property built in 2005 with a COM zoning designation.
    • Features a 3% annual rent bump and a broker co‑op program.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Custom Fit Bookkeeping ... Tax Preparation Service Nichols Management Engineering Consultant Protection Plus Security Security Guard Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.966676663817
    Latitude
    36.074890040783

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    FAQs

    What type of property is this?
    Office space - Bellevue Office Condo: Prime Location, High ROI
    Where is this office space located?
    The property is located at 7982 Coley Davis Rd Nashville, TN.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: $540,000 asking price for a 1,480 sq ft Class B office condo in Nashville, TN.; Net lease investment opportunity with a 6.70% cap rate and $36,186 NOI.; Located in the Harpeth Springs Business Park, Bellevue, offering easy access to I-40 and Highway 70.
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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
    7982 Coley Davis Rd Nashville, TN 37221
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