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Portland, TN

Office

Portland, TN Office Spaces for Sale

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Franklin, KY Cross Plains, TN Bethpage, TN Gallatin, 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

Office Building with Vaulted Ceilings

Updated: Apr 12

Office Building with Vaulted Ceilings

611W Market st., Portland, TN 37148

Contact for pricing

State‑of‑the‑art commercial office building with 11 offices and over 3,900 SF of interior space
Vaulted ceilings throughout with over 14' ceilings and lots of windows
2 baths plus a kitchen in the office building
Large upstairs storage area, plus huge storage upstairs
Blacktop drive and the building faces Hwy 52, directly across from a bank

Based on your search, we've compiled 55 Potential Opportunities for your consideration. Besides 2 Active listings in Portland, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 45 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.

Downtown Gallatin Commercial Property

Downtown Gallatin Commercial Property

141 E Eastland St, Gallatin, TN 37066

$595,000

3,156 sqft 0.17 AC lot

Versatile commercial property with warehouse, office space, and expansion potential.

Corner Retail and Office Building

Corner Retail and Office Building

507 N MAIN ST, Franklin, KY 42134

Contact for pricing

2,397 sqft

B-2 zoned building on a primary corridor intersection, offering high-visibility access for office, retail, or service uses.

Mixed-Use Office and Efficiency Units

Mixed-Use Office and Efficiency Units

301 W Kentucky Ave, Franklin, KY 42134

$825,000

Remodeled brick building combining three office suites with three updated efficiency apartments for diversified on-site income.

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.

Land on Highway 52

Land on Highway 52

1219 New Hwy 52, Westmoreland, TN 37186

$198,900

Land available on Highway 52 in Westmoreland, Tennessee.

High-Frontage Commercial Land Tract

High-Frontage Commercial Land Tract

3.09 Acres Old Burnley Road, Scottsville, KY 42164

$225,000

3.09 AC lot

Cleared 3.09-acre commercial tract with access and extensive frontage on US Highway 31E and Old Burnley Road.

Ready-to-Build Highway-Frontage Parcel

Ready-to-Build Highway-Frontage Parcel

6309 Russellville Road lot: 6, Bowling Green, KY 42101

$3,850,200

6.90 AC lot

Site-ready commercial land with highway frontage and straightforward access to key regional connectors.

Highway Front Corner Commercial Land

Highway Front Corner Commercial Land

6309 Russellville Road lot: 6.1, Bowling Green, KY 42104

$558,000

1.00 AC lot

One-acre corner lot with frontage on Russellville Road within the Sterling Business Park development.

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.

OFFICE (GENERAL)

130 Vlg Dr, Portland, TN 37148-1420

$1,945,000

Estimated value

10,816 sqft 1.99 AC lot

200 Broadway St

OFFICE (GENERAL)

200 Broadway St, Portland, TN 37148-1302

$1,395,000

Estimated value

5,366 sqft 1.02 AC lot

OFFICE (GENERAL)

120 Main St, Portland, TN 37148-1218

Value Estimation by Request

3,600 sqft 0.05 AC lot

OFFICE (GENERAL)

421 Broadway, Portland, TN 37148-1750

$900,000

Estimated value

5,041 sqft 0.21 AC lot

303 Broadway St

MEDICAL BUILDING

303 Broadway St, Portland, TN 37148-1413

Value Estimation by Request

8,268 sqft 0.80 AC lot

OFFICE (GENERAL)

307 Reed St, Portland, TN 37148-1708

Value Estimation by Request

1,784 sqft 0.45 AC lot

OFFICE (GENERAL)

605 Broadway, Portland, TN 37148-2020

$735,000

Estimated value

4,612 sqft 0.77 AC lot

OFFICE (GENERAL)

611 Market St, Portland, TN 37148-2510

$765,000

Estimated value

4,148 sqft 0.89 AC lot

OFFICE (GENERAL)

123 Davis St, Portland, TN 37148-2002

$5,180,000

Estimated value

600 sqft 5.47 AC lot

OFFICE (GENERAL)

610 Broadway, Portland, TN 37148-2019

$1,360,000

Estimated value

8,273 sqft 1.59 AC lot

412 52nd NE Hwy

OFFICE (GENERAL)

412 52nd NE Hwy, Portland, TN 37148

$1,335,000

Estimated value

1,800 sqft 2.30 AC lot

OFFICE (GENERAL)

605 Russell St, Portland, TN 37148-1237

Value Estimation by Request

3,072 sqft 0.50 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

OFFICE (GENERAL)

446 Broadway, Portland, TN 37148-1701

Value Estimation by Request

3,104 sqft 0.23 AC lot

110 True Temper Dr

OFFICE (GENERAL)

110 True Temper Dr, Portland, TN 37148

Value Estimation by Request

6,930 sqft 3.90 AC lot

MEDICAL BUILDING

235 52nd Hwy, Portland, TN 37148

$1,485,000

Estimated value

3,600 sqft 0.52 AC lot

605 Broadway St

OFFICE (GENERAL)

605 Broadway St, Portland, TN 37148-1619

Value Estimation by Request

7,040 sqft 1.31 AC lot

1105 Broadway St

OFFICE (GENERAL)

1105 Broadway St, Portland, TN 37148-1650

$800,000

Estimated value

5,784 sqft 1.00 AC lot

MEDICAL BUILDING

121 Vlg Dr, Portland, TN 37148-1418

$2,565,000

Estimated value

18,014 sqft 1.12 AC lot

702 Broadway St

OFFICE (GENERAL)

702 Broadway St, Portland, TN 37148-1674

Value Estimation by Request

960 sqft 0.26 AC lot

OFFICE (GENERAL)

821 College St, Portland, TN 37148-2114

$545,000

Estimated value

2,100 sqft 1.51 AC lot

Portland, TN Office Spaces Market Trends and Statistics

Explore 47 office spaces 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 office spaces in Portland, TN average $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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