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Portland, TN

Medical Premises

Portland, TN Medical Office Space for Sale

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Franklin, KY Cross Plains, TN Gallatin, TN Bethpage, TN Adolphus, KY White House, TN Westmoreland, TN Springfield, TN

Income-Producing Medical Investment Opportunity

Updated: Jun 24, 2025

Income-Producing Medical Investment Opportunity

421 N Broadway, Portland, TN 37148

$1,400,000

5,100 sqft

Fully stabilized, income‑producing medical investment property.
Diversified income stream from three tenants and two asset types (medical office and residential).
Strong 6.0% cap rate with $83,400 NOI. Minimal landlord obligations.
New 5‑year NNN leaseback with Firefly Health and existing lease with NuLife Physical Therapy through September 2029.
Located in rapidly growing Portland, Tennessee, just 45 minutes north of Nashville.

This listing looks promising.

Here's a quick look at some key insights for

421 N Broadway, Portland, TN 37148

View Property Analytics

Est. Cap Rate

6.1%
Above avg (5.9%)
Est. NOI

$85K
Annual
Mortgage

$600K
Sep 2024
Last Sold

Sep 2024
$900K
Property Type

Commercial Office (General)
Built 1948

View Property Analytics

Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 1 Active listings in Portland, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Freestanding Office Building with Porch

Freestanding Office Building with Porch

432 E Main St, Gallatin, TN 37066

$799,000

4,140 sqft 1.00 AC lot

Freestanding, fully renovated office building with multiple private offices and covered porches on a sizable lot.

Gallatin Office/Medical Space For Sale

Gallatin Office/Medical Space For Sale

612 Hartsville Pike, Gallatin, TN 37066

$719,900

3,375 sqft 0.46 AC lot

Office or medical space for sale near Sumner Regional Hospital.

Hermitage Commercial Property For Sale

Hermitage Commercial Property For Sale

4017 Central Pike, Hermitage, TN 37076

$1,199,000

1,356 sqft

Commercial property suitable for office, medical, or retail use.

Hermitage Office Building For Sale

Hermitage Office Building For Sale

256 Jackson Meadows Dr, Hermitage, TN

$2,250,000

9,440 sqft 0.68 AC lot

Office building with convenient access and signage opportunity available for purchase.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Dual-Frontage Development Land

Dual-Frontage Development Land

8.07 Ac Highway 56, Baxter, TN 38544

$799,900

8.07 AC lot

Development land with dual road frontage at the intersection of Hwy 70 and Hwy 56, with utilities available onsite.

Commercial Land with Road Frontage

Commercial Land with Road Frontage

N Main St. lot: 1, 2, 3, Madisonville, KY 42431

$565,000

2.18 AC lot

2.18-acre commercial parcel offering substantial road frontage for businesses seeking convenient public access in Madisonville.

Prime Land Near Medical Center

Prime Land Near Medical Center

180 Gregory Street, Monticello, KY 42633

$75,000

2.20 AC lot

Cleared 2.2-acre tract ideal for commercial or residential development.

Corner Commercial Development Lot

Corner Commercial Development Lot

W Highway 94, Murray, KY 42071

$399,000

2.00 AC lot

B-4 zoned corner lot at a major intersection with utilities available for retail, office, medical, or restaurant uses.

Off-Market Properties in Portland, TN

Consider similar Off-Market properties in Portland, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

303 Broadway St

MEDICAL BUILDING

303 Broadway St, Portland, TN 37148-1413

Value Estimation by Request

8,268 sqft 0.80 AC lot

700 Broadway St

MEDICAL BUILDING

700 Broadway St, Portland, TN 37148-1625

$615,000

Estimated value

3,271 sqft 0.66 AC lot

923 Broadway St

MEDICAL BUILDING

923 Broadway St, Portland, TN 37148-1691

$1,840,000

Estimated value

4,464 sqft 1.30 AC lot

MEDICAL BUILDING

235 52nd Hwy, Portland, TN 37148

$1,485,000

Estimated value

3,600 sqft 0.52 AC lot

MEDICAL BUILDING

121 Vlg Dr, Portland, TN 37148-1418

$2,565,000

Estimated value

18,014 sqft 1.12 AC lot

934 Broadway St

MEDICAL BUILDING

934 Broadway St, Portland, TN 37148-1700

$2,785,000

Estimated value

16,446 sqft 2.16 AC lot

MEDICAL BUILDING

105 Market St, Portland, TN 37148-1228

$930,000

Estimated value

6,066 sqft 0.79 AC lot

MEDICAL BUILDING

104 Redbud Dr, Portland, TN 37148-1605

$945,000

Estimated value

8,238 sqft 1.37 AC lot

Portland, TN Medical Office Space Market Trends and Statistics

Explore 9 medical office space for sale in Portland, TN on our real estate platform. These investment opportunities span a total of 5,100 square feet of properties for sale, with an estimated market value of $1,400,000.

Sale prices for medical spaces in Portland, TN start at $1,400,000, averaging $1,400,000, and reaching up to $1,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 25K

Population Growth (5Y) +6.0%

Median Household Income $77,684

College Educated 18.7%

High-Yield Neighborhoods for Investment

Identify Portland submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
37148	$1.4M

Taxes & Financing

Tax Rate (average for all types) 3.37%

Property Tax per SF $68.58 per SF

Average Loan-to-Value 65.0%

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