$11,835,000
4788 Gallatin Ave
Green Hills · Nashville, TN 37207
$273/sq ft52 days on market1.4K views40 saves
Key facts
- Interior
- 43,390 sq ft
- Lot
- 1.55 acres
- Year built
- 1981
- Property type
- Office
- Price / sq ft
- $273/sq ft
- Annual taxes
- $88,760
- Days on market
- 52
Getting around
Car-Dependent
Minimal Transit
Somewhat Bikeable
About this property
The 1981 office building at 4788 Gallatin Ave has been repositioned and is now performing at 79% leased. Current NOI supports the 7.3% going-in yield with room above it as leases reset. A rare basis in Green Hills at this quality tier.
Investment summary
Investment summary
Cap rate
7.30%
Net operating income ÷ price
Net operating income
$863,955
Annual, after operating expenses
Cash-on-cash
+5.0%
$177,092 annual cash flow on $3,550,500 equity
34,278 sq ft leased of 43,390 sq ft
- Tenants
- 6
- Rentable area
- 43,390 sq ft
- Price / sq ft
- $273/sq ft
- WALE
- 8.7 yrs
- Lease type
- Full Service
- Building class
- Class B
- Zoning
- CS-1
- Parking
- 164 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $686,863 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Interior
- Bike Room & Showers
Systems & Efficiency
- Sprinkler System
Highlights
- LEED Gold Certified
- Fiber Connectivity
- Conference Center
- Recent Capital Improvements
- 24/7 Card Access
- Opportunity Zone
Price history
Every listing event recorded for this property.
- Listed
- Pending
- Sold
| Date | Event | Price |
|---|---|---|
| 2021-02-10 | Sold | $8,041,000 |
| 2026-06-03 | Listed | $11,835,000 |
| 2026-07-15 | Pending | $11,835,000 |
Location
Green Hills, Nashville — Davidson County
Approximate location · Green Hills
Open full mapEstimate your monthly payment
Payment calculator
Estimated monthly
$70,071/mo
- Principal & interest85%$59,223
- Property tax11%$7,397
- Home insurance5%$3,452
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
Loan amount $9,468,000 · 30 yr · 6.40%