165 Belle Forest CirNashville, TN 37221

Property Details for 165 Belle Forest Cir

Year built

1983

Construction

FRAME

Property size (Sq ft)

1,848 SF

Zone code

OR20

Property type

Office buildings

APN

142-04-0B-009-00

APU

142040B00900

Description

This exceptional 1,848 square foot medical office building, located at 165 Belle Forest Cir, Nashville, TN 37221, presents a unique owner-user or investment opportunity. The property, classified as Class C, boasts a desirable location in Davidson County and features two independent office suites spread across two stories, each with its own reception area. A recent 2022 renovation enhances the building's appeal. The building currently enjoys 100% occupancy with an income-producing tenant on the upper floor. Key features include ample parking, two independent entrances, and two bathrooms, catering to the needs of multiple tenants or a single medical practice. The asking price is $475,000, translating to $257.03 per square foot. The property is zoned for commercial use, making it versatile and adaptable to various medical practices. This turnkey operation offers immediate income potential and significant long-term growth prospects. The building's layout and amenities make it an ideal setting for a thriving medical practice or a savvy investment portfolio addition. Don't miss this chance to acquire a well-maintained, income-generating property in a prime Nashville location.

• CAP approach

  CAP return

  Valuation

  6%

  $319,246

  6.5%

  $294,688

  7%

  $273,639

• Comparable approach

  Method

  Valuation

  Relative Method

  $159,076

  Geo Method

  $159,076

• Alternative Use

  Use

  Valuation

  Residential

  $365,414

  Hospitality

  $334,717

  Educational

  $278,481

  Medical

  $288,058

  Retail

  $433,192

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.0773

Longitude

-86.9219

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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