For Sale
$1,080,000

7982 Coley Davis RdNashville, TN 37221

Prime Bellevue location, high NOI, strong cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents two beautifully designed, architecturally attractive office condominium units in the desirable Bellevue (West Nashville) area of Harpeth Springs Business Park. The property, built in 2005, boasts a total of 2,960 square feet across two stories, currently configured as a blend of open and private spaces. The first floor offers large open areas ideal for reception, conference rooms, and cubicles, complemented by a filing room, utility closet, bathroom, and storage. The second floor features a spacious central area, a small office, several storage rooms, a bathroom, and a kitchen. This flexible layout is perfect for an open-plan office, training facility, meeting space, or a custom configuration of formal offices and conference rooms. Recent improvements include fresh paint and new flooring. Each unit includes a private, enclosed patio. The property is zoned COM and benefits from a 3% annual rent bump. The Net Lease (NNN) investment offers a strong 6.70% cap rate with a current NOI of $72,372 and an asking price of $1,080,000 ($364.86/sq ft). The property enjoys convenient access to I-40 and Highway 70, placing it within minutes of numerous amenities including universities, hospitals, downtown Nashville, and a variety of restaurants and retail establishments. This is a prime investment opportunity in a rapidly appreciating area of Nashville.

Highlights

  • $1,080,000 asking price for a 2,960 SF Class B office building in Nashville, TN.
  • Net lease investment opportunity with a 6.70% cap rate and $72,372 NOI.
  • Located in the desirable Harpeth Springs Business Park in Bellevue, offering easy access to I-40 and Highway 70.
  • Two-story, 2-unit building, built in 2005, with a COM zoning designation and 3% annual rent bumps.
  • Features open floor plans, private outdoor patios, and is suitable for owner-occupancy or leasing.

Property Details for 7982 Coley Davis Rd

Property type
Office properties, Office space
Square Feet
2,960 SF
Class
B
Year Built
2005
Stories
2
Units
2

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.074890040783
Longitude
-86.966676663817
7982 Coley Davis Rd, Nashville, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7982 Coley Davis Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message