Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15145 Highland Dr Mc Kenzie, TN 38201

    Sponsored
    For Sale
    $275,000

    Warehouse,Commercial - MCKENZIE, TN

    Property size:
    5,038 SF
    Lot size:
    0.65 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 3 at 5:20 am

    Property Features for 15145 Highland Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    035.00
    Exterior features
    Loading Dock-truck Lvl, None
    Size
    5,038 SF
    Lot size
    0.65 Acres

    Utilities

    Heating system
    Central, Natural Gas, Space Heater
    Cooling system
    Central Air

    Building Details

    Year built
    1961
    Building materials
    Brick, Frame, Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan McDaniel

    West Tennessee Realty (731) 535-3339

    Listing agent Ryan McDaniel (731) 535-3339

    Listing date Feb 2, 2026

    MLS# 135255 Listing URL

    Copyright © 2026 Tennessee Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Building with Loading Docks

    This commercial building offers 5,038 square feet of space and presents various opportunities. The property includes an office area, a restroom, multiple bays, loading docks, and storage space. It features seven roll-up doors, with four located at the docks and three large doors at ground level. Situated in a prime location in McKenzie, the property fronts the 4-Lane Highway 79 and is approximately 2 miles from Highway 22. The property sits on a 0.65-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    ALLEN'S STORAGE, High Point Storage McKenzie, South Main Storage

    Location Insight

    • Map
    • Local Demand
    City
    Mc Kenzie
    County
    Carroll
    State
    Tennessee
    Longitude
    -88.52127
    Latitude
    36.120513

    Nearby Similar for Sale

    • $2,000,000
      2,149 SF

      Lakeside Estate with Equestrian Facilities

      145-acre lakeside estate with equestrian facilities, guest cabin, and chapel.
      998/223 Cotton Mouth Ln, Mc Kenzie, TN 38201
      View Details
    • $650,000
      2,560 SF

      McKenzie Amish Farm Estate

      71-acre Amish farm estate with handcrafted home and barns.
      1378/1388 Blaylock Store Rd, Mc Kenzie, TN 38201
      View Details
    • $550,000
      11,248 SF

      McKenzie, TN Commercial Property

      Commercial property in McKenzie, Tennessee with 24 bedrooms and 18 bathrooms.
      242 Magnolia Ave, Mc Kenzie, TN 38201
      View Details
    • $200,000
      1,800 SF

      Historic Downtown Mixed-Use Opportunity

      Historic building in downtown McKenzie, suitable for various commercial uses.
      5 Broadway St, Mc Kenzie, TN 38201
      View Details
    • $550,000
      11,248 SF

      McKenzie, TN Commercial Property

      Large commercial property in McKenzie, Tennessee with redevelopment potential.
      242 Magnolia Ave, Mc Kenzie, TN 38201
      View Details
    • $550,000
      11,248 SF

      McKenzie, TN Commercial Property

      Commercial property in McKenzie, Tennessee with 24 bedrooms and 18 bathrooms.
      242 Magnolia Ave, Mc Kenzie, TN 38201
      View Details
    • $90,000
      3,659 SF

      McKenzie Mixed-Use Property For Sale

      Prime commercial real estate with rental or Airbnb conversion potential.
      2381 Cedar St, Mc Kenzie, TN 38201
      View Details
    • $219,900
      2,139 SF

      Downtown McKenzie Retail/Office Opportunity

      Versatile retail or office space in downtown McKenzie.
      2356 Cedar St, Mc Kenzie, TN 38201
      View Details
    • $295,000
      2.01 Acres

      McKenzie, TN Commercial Land

      2-acre commercial land with highway frontage in McKenzie, TN.
      Highway 22, Mc Kenzie, TN 38201
      View Details
    • $295,000
      2.00 Acres

      McKenzie, TN Commercial Land

      Two-acre commercial land with highway frontage in McKenzie, Tennessee.
      Highway 22, Mc Kenzie, TN 38201
      View Details
    • $99,000

      Commercial Property in McKenzie, TN

      Commercial property available for sale in McKenzie, Tennessee.
      17595 Highland Dr, Mc Kenzie, TN 38201
      View Details
    • $99,000

      Commercial Property in McKenzie, TN

      Commercial property available for sale in McKenzie, Tennessee.
      17595 Highland Dr, Mc Kenzie, TN 38201
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,038 sqft commercial building with multiple bays and docks.
    Where is this warehouse located?
    The property is located at 15145 Highland Dr Mc Kenzie, TN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - 5,038 sq. ft. commercial building with multiple bays and storage space; - Prime location fronting 4-Lane Highway 79, 2 miles from Highway 22; - Features 7 roll-up doors, including 4 at loading docks
    (731) 535-3339
    Request Owner's contact information
    15145 Highland Dr Mc Kenzie, TN 38201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15145 Highland Dr
    Mc Kenzie, TN 38201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15145 Highland Dr Mc Kenzie, TN 38201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan McDaniel
    (731) 535-3339
    Learn more
    Google sign-in failed. Please try again or use another login method.