List Search

159-167 Belle Forest Cir
Nashville, TN 37221 Outer Bellevue

$549,000 USD

Office Condo For Sale  •  1,848 SF

Property Details

  • Property Type Office
  • Total Building Size 8,952 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 6.85 %
  • Tenancy Multiple
  • Zoning OR20
35 Transit Score
62 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 165 Office 1,848 SF $549,000 USD
  • Unit Size: 1,848 SF
  • Condo Use: Office
  • Price: $549,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $297.08 USD
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.

Description 

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.

Highlights

Two-Level Office Condominium – Ideal owner-user opportunity with supplemental rental income
Partially Leased Asset – Second floor occupied by an established tenant; first floor vacant and available for occupancy or lease
Lease-Up Upside – First-floor space marketed at $25.00/SF NNN, offering immediate NOI growth
Recent Capital Improvements – New roof replaced by HOA (2025) and new HVAC system (2024); renovated second-floor office
Low-Maintenance Ownership – HOA covers water, trash, and exterior maintenance
Contact us today with any questions or to schedule a tour!

Property Flyers

Financial Summary

Cap Rate: 6.85 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Corporate Ishares Mutual
Inner Vision Counseling & Consulting
Key Financial Inc
Myong C Lee
Nationwide Insurance
Onsite Solutions Inc
Periscope Community Health Services
Shapiro Psychological Services
Tate, Kari, Rae
Turner & Townsend Heery

Public Transportation

AirportDriveWalkDistance
Nashville International 31 min - 22.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Tanner Smith 615-475-5616 Compass
Tanner Smith 615-475-5616 Compass