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159-167 Belle Forest Cir 1,848 SF Office Condo Unit Offered at $549,000 in Nashville, TN 37221
Investment Highlights
- Two-Level Office Condominium – Ideal owner-user opportunity with supplemental rental income
- Lease-Up Upside – First-floor space marketed at $25.00/SF NNN, offering immediate NOI growth
- Low-Maintenance Ownership – HOA covers water, trash, and exterior maintenance
- Partially Leased Asset – Second floor occupied by an established tenant; first floor vacant and available for occupancy or lease
- Recent Capital Improvements – New roof replaced by HOA (2025) and new HVAC system (2024); renovated second-floor office
- Contact us today with any questions or to schedule a tour!
Executive Summary
165 Belle Forest Circle is a two-level office condominium located within Bellevue Office Park, offering an ideal opportunity for an owner-occupant with supplemental rental income. The property consists of a vacant first-floor unit and a tenant-occupied second-floor unit, allowing a buyer to occupy one space while generating income from the other. Recent updates include a new roof replaced by the HOA in 2025, a new HVAC system installed in 2024, a fully renovated second-floor office suite, and new laminate flooring in a portion of the first-floor space. The first-floor unit is currently offered for lease at $25.00/SF/YR NNN, providing immediate income upside for investors or owner-users.
Property Facts
| Total Building Size | 8,952 SF | Typical Floor Size | 924 SF |
| Property Type | Office (Condo) | Year Built | 1983 |
| Building Class | C | Lot Size | 0.06 AC |
| Floors | 2 | Parking Ratio | 6.49/1,000 SF |
| Zoning | OR20 - Office Use | ||
| Total Building Size | 8,952 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 924 SF |
| Year Built | 1983 |
| Lot Size | 0.06 AC |
| Parking Ratio | 6.49/1,000 SF |
| Zoning | OR20 - Office Use |
1 Unit Available
Unit 165
| Unit Size | 1,848 SF | Sale Type | Investment or Owner User |
| Price | $549,000 | Cap Rate | 6.85% |
| Price Per SF | $297.08 | NOI | $37,606.50 |
| Condo Use | Office |
| Unit Size | 1,848 SF |
| Price | $549,000 |
| Price Per SF | $297.08 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.85% |
| NOI | $37,606.50 |
Description
Two-level office condominium located at 165 Belle Forest Circle within Bellevue Office Park. The first-floor unit is currently vacant and available for lease at $25.00/SF/YR NNN. The second-floor unit is tenant occupied.
Recent improvements include a new roof replaced by the HOA in 2025, HVAC replaced in 2024, a full renovation of the second-floor space, and new laminate flooring installed in one first-floor room.
Sale Notes
Marketed toward owner-occupants seeking additional income or low maintenance investors pursuing a partially leased office condominium. In-place tenant provides income while the vacant first-floor unit offers immediate occupancy or lease-up potential.
+21 More
Interior Photo
Lower Level - Vacant
Lower Level - Vacant
Lower Level - Vacant
Lower Level - Vacant
Lower Level - Vacant
Lower Level - Vacant
Lower Level - Vacant
Lower Level - Vacant
Lower Level - Vacant
Lower Level - Vacant
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
Upstairs - Leased to Dental Office
52-440A5273
Presented by
159-167 Belle Forest Cir
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