$524,900
165 Belle Forest Cir, Nashville, TN 37221
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.
Details
Map
165 Belle Forest Cir, Nashville, TN 37221