5203 Maryland WayBrentwood, TN 37027

  • Office properties
  • 26,256 SF
For Lease

Property Details for 5203 Maryland Way

Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.54 AC
Property size (Sq ft)
26,256 SF
Property type
Office properties
Property subtype
Other office properties
APN
094011A C 01000
APU
094011AC01000

Description

This Brentwood, Tennessee office space, located at 5203 Maryland Way, offers approximately 1,826 square feet of move-in ready space within the Brewer Building. Situated in the Maryland Farms submarket, this Class B building boasts a prime location, easily accessible from major thoroughfares including Old Hickory Boulevard, Franklin Road, Granny White Pike, and Interstate 65. The suite itself features a functional layout including four private offices, two conference rooms, a reception area, and a small breakroom, ideal for a variety of business needs. The Brewer Building, constructed in 1989, is a two-story structure with a total of 23,956 square feet and provides 60 parking spaces for tenants and visitors. Building amenities include elevators. The property sits on three acres of land and is zoned C01. Its convenient location offers proximity to numerous restaurants and retail options, enhancing the overall appeal for employees and clients alike. This exceptional opportunity presents a chance to establish a presence in a thriving Brentwood business community. The property's address is 5203 Maryland Way, Brentwood, TN 37027, with the cross street being Westpark Drive. The APN is 011A-C-010.00. This listing is for approximately 1,826 square feet of vacant space in a multi-tenant building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,535,778
    6.5%
    $4,186,872
    7%
    $3,887,810
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,260,116
    Geo Method
    $2,260,116
  • Alternative Use

    Use
    Valuation
    Residential
    $5,191,722
    Hospitality
    $4,755,589
    Educational
    $3,956,594
    Medical
    $4,092,668
    Retail
    $6,154,702
5203 Maryland Way, Brentwood, Tennessee

Location Insight

City
Brentwood
County
Williamson
State
Tennessee
Latitude
36.0336
Longitude
-86.804
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,664
$525,280
$1,394,720
$1,920,000
-
$1,204,700
$4,371,100
$5,575,800

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