165 Belle Forest Cir, Nashville, TN 37221
165 Belle Forest Cir, Nashville, TN 37221
165 Belle Forest Cir, Nashville, TN 37221
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George Scott

George Scott

+1(931) 385-5195
Listed by Tanner Smith • Compass RE
$499,500
Est. payment /mo
1,848 SqFt
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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 1,848 sqft

Price per Sqft $270

MLS Listing ID 3122497

Year Built 1983

Lot Size 871 Sqft

Acres 0.02

Property Sub-Type Office

Property Description

This 1,848 SF commercial condominium located within Bellevue Office Park presents a compelling investment or owner-user opportunity. Unit A is available for lease or owner-occupancy, while Unit B is currently leased to a stable dental office, providing immediate in-place income with future upside. Priced at $549,000, Unit A offers projected lease rates of $25.00/SF/YR NNN, creating instant NOI growth upon stabilization and resulting in a 6.85% stabilized cap rate. The property benefits from low-maintenance ownership, with HOA coverage including water, trash, and exterior maintenance. Capital improvements include a new roof replaced by the HOA in 2025 and a new HVAC system installed by the owner in 2025. This asset is ideal for owner-users seeking supplemental income or investors targeting a stable, well-maintained commercial condominium with strong fundamentals.

Location

State TN

County Davidson County

Zoning OR20

Interior

Fireplace N

Others

Special Listing Condition Standard

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George Scott

George Scott

+1(931) 385-5195

Agent | License ID: TN License #: 377474

Agent License ID: TN License #: 377474

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