Nashville, TN Commercial Real Estate Market Trends

Commercial Real Estate Market Report

This page provides a high-level view of commercial real estate conditions in Nashville, combining current pricing, property scale, and active inventory to support early market evaluation.

Explore Commercial Properties in Nashville

Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.

Commercial Property For Sale in Nashville

Commercial Property For Rent in Nashville

Nashville's Demographic Profile

With a population of 678,000 and a median household income of $67,531, these metrics help investors gauge whether Nashville's pricing reflects local demand fundamentals.

Key Demographic Metrics	Value
Population	678,000
# Households	286,031
Median age	36
Median household income	$67,531
Avg household size	2
Renter-occupied housing units	145,518
5-year population change	-1%

Commercial Real Estate Market Snapshot in Nashville

These market metrics outline current pricing, typical deal size, and observed cap rate ranges, giving investors a quick read on entry costs and high-level underwriting expectations.

Key Market Metrics	Value
Avg asking sale price	$458 per SF
Avg asking lease rate	$28 per SF
Avg unit size for lease	14,918 SF
Avg building size for sale	16,749 SF
Average cap rate	5.55%

In Nashville, commercial properties are currently listed at an average sale price of $458 per square foot, with average lease rates around $28 per square foot. Typical leased spaces are approximately 14,918 SF, while properties for sale average 16,749 SF in building size. Observed cap rates average 5.55%, offering a reference point for return expectations relative to pricing and deal scale.

Commercial Properties For Sale In Nashville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.

For Sale

Infill Development Opportunity

Nashville, TN 37207

3.51 AC Lot
1 Commercial Lot

For Sale

3502 Dickerson Pike

Nashville, TN 37207

12,156 SF Flex Building
6.58% Cap Rate
$3,250,000

For Sale

Thrive Pet Care

Nashville, TN 37203

7,400 SF Retail Building
5.87% Cap Rate
$4,300,000

For Sale

Walgreens

Nashville, TN 37207

14,700 SF Retail Building
7.25% Cap Rate
$2,484,700

For Sale

131-133 Charter Pl

La Vergne, TN 37086

20,400 SF Industrial Building
$4,795,000

For Sale

2799 Bransford Ave

Nashville, TN 37204

2,240 SF Office Building
$1,975,000

For Sale

KFC - Nashville (La Vergne) TN

La Vergne, TN 37086

4,549 SF Retail Building
5.75% Cap Rate
$3,396,000

For Sale

159-167 Belle Forest Cir

Nashville, TN 37221

8,952 SF Office Building
6.85% Cap Rate
$549,000

Commercial Market Metrics by Property Type

Office Building Market Metrics Near Nashville

Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.

Nearby Office Markets	Avg Cost/SF	Typical Size	Cap Max
Nashville	$511	9,960 SF	7.50%
Madison	$321	7,664 SF	6.75%
Franklin	$484	5,031 SF	6.00%

Industrial Property Market Metrics Near Nashville

Industrial market data shows how cost per square foot and typical building size differ by submarket, supporting comparisons around deal scale and pricing alignment.

Nearby Industrial Markets	Avg Cost/SF	Typical Size	Cap Max
Nashville	$352	13,669 SF	6.93%
Mount Juliet	$400	12,185 SF	10.30%

Retail Property Market Metrics Near Nashville

Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.

Nearby Retail Markets	Avg Cost/SF	Typical Size
Nashville	$595	9,228 SF
Hendersonville	$330	7,955 SF
La Vergne	$823	12,587 SF
Smyrna	$614	5,534 SF
Franklin	$1,094	10,852 SF

How Investors Evaluate Commercial Real Estate Markets in Nashville

Use these tools to move from market-level signals to deal-level math. Each calculator helps translate Nashville pricing, rents, and building size into concrete metrics like value, income, and space requirements, so you can validate assumptions before spending time on individual listings.

Commercial Property Valuation

Understand Core Valuation Methods, Prevent Mistakes, and Use Our Instant Value Estimator

What Is a Cap Rate?

How To Calculate This Critical CRE Investment Metric and Why It Matters

Net Operating Income (NOI) Calculator

Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment

Internal Rate of Return (IRR) Calculator

Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.

Cash on Cash Return

Learn How Cash on Cash Return Can Optimize Your Real Estate Investments

Debt Service Coverage Ratio (DSCR) Calculator

Assess Your Investment's Health in Seconds

Gross Rent Multiplier (GRM) Calculator & Investment Guide

Simplifying Your Investment Analysis

Land Loan Calculator

Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.

Balloon Payment Calculator

Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.

Office Space Calculator

Estimate How Much Space Your Team Really Needs

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Nashville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets	Avg Cost/SF	Average Size
Nashville	$458	16,749 SF
Madison	$294	15,679 SF
Whites Creek	$389	19,918 SF
Old Hickory	$290	18,336 SF
Hermitage	$311	8,052 SF

Multifamily For Sale In Nashville

Multifamily listings shown here connect market pricing and cap rate patterns with income-producing opportunities currently available.

For Sale

The Hayden Mansion

Nashville, TN 37209

110,000 SF Multifamily
11.00% Cap Rate
$39,500,000

For Sale

Continental Condos Apartments

Nashville, TN 37203

392,378 SF Multifamily
$239,000

For Sale

1938

Nashville, TN 37208

25,708 SF Multifamily

For Sale

1017 12th Ave S

Nashville, TN 37203

15,202 SF Multifamily
8.65% Cap Rate
$5,400,000

For Sale

1231 2nd Avenue N

Nashville, TN 37208

100,000 SF Multifamily

For Sale

730 Main Street

Nashville, TN 37206

60,000 SF Multifamily

Regional Demographic Comparison

This comparison places Nashville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Nashville or distributed across surrounding areas.

City	Population	# Households	Age	MedianHouseholdIncome	AvgHouseholdSize	RenterOccupiedHousingUnits	FiveYrPopGrowthPct
Nashville	678,000	286,031	36	$67,531	2	145,518	-1%
Madison	38,926	16,385	39	$53,636	2	9,153	-1%
Whites Creek	3,292	1,246	44	$86,452	3	240	-3%
Old Hickory	23,066	9,343	44	$80,319	2	2,202	4%
Hermitage	38,042	16,406	39	$71,143	2	7,341	-2%

FAQs About Commercial Investing in Nashville

View All Commercial Real Estate For Sale in Nashville

Is Nashville a good market for a first-time commercial real estate investor?

Nashville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Nashville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Nashville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Nashville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Nashville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Nashville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Nashville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Nashville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Nashville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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