Cold Storage Warehouse and Flex
2154 Old Charleston Road NE Cleveland, TN 37312
For Sale
$1,700,000
COMMERCIAL - Cleveland, TN
Property Size19,090 SF
Lot Size2.31 Acres
Price / SF$89.05
Days on Market91
Property Features for 2154 Old Charleston Road NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
Laminate Counters, High Speed Internet, High Ceilings
Appliances
Electric Water Heater
Standard status
Active
APN
021 00701 000
Size
19,090 SF
Lot size
2.31 Acres
Taxes and HOA fees
Tax Annual Amount
1709
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Propane (Heating)
Water source
Public
Building Details
Year built
1966
Flooring type
Concrete
Building materials
Aluminum Siding
Roof type
Metal, Shingle
Listing Agency:
Bender Realty
(423) 472-2173
Listed By:
Elijah Haynie · License #372180
(423) 331-7604
Added: Apr 29
Changed: Jul 28
Last Checked: Jul 28 at 11:06PM
MLS# 20262263
Copyright © 2026 River Counties 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.
Investment Insights
Based on property information with market context.
A 19,090-square-foot cold storage warehouse with a functional layout designed for operational workflow. The building includes three dedicated office spaces and temperature-controlled storage supported by three commercial-grade freezers and two coolers.
The property is situated on 2.31 acres in a quiet yet accessible setting, with ample paved loading and parking areas intended to support truck access and deliveries.
In addition to the main warehouse, there is a 1,680-square-foot detached garage/building that provides supplementary flex space for equipment storage, maintenance operations, or additional warehousing, with potential to lease separately.
The property is situated on 2.31 acres in a quiet yet accessible setting, with ample paved loading and parking areas intended to support truck access and deliveries.
In addition to the main warehouse, there is a 1,680-square-foot detached garage/building that provides supplementary flex space for equipment storage, maintenance operations, or additional warehousing, with potential to lease separately.
Key Highlights
- 19,090 sq ft warehouse building with cold storage capacity and temperature‑controlled storage
- Includes three commercial‑grade freezers and two coolers
- Three dedicated office spaces for management and administrative use
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.1k | $7.76 |
| − Vacancy | −$4.0k | −$0.21 |
| EGI | $144.1k | $7.55 |
| − OpEx | −$21.6k | −$1.13 |
| NOI | $122.5k | $6.42 |
19,090 SF · lease $7.76/SF/yr · vacancy 2.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,518 @ 7.0% cap · market cap 7.21%
Second Best
Industrial
$1.44M
$1.26M – $1.68M
NOI $100,897 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$4.01M
$3.50M – $4.67M
NOI $280,394 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with three office spaces plus temperature-controlled storage and a detached garage on 2.31 acres.
Where is this warehouse located?
The property is located at 2154 Old Charleston Road NE Cleveland, TN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 19,090 sq ft warehouse building with cold storage capacity and temperature‑controlled storage; Includes three commercial‑grade freezers and two coolers; Three dedicated office spaces for management and administrative use
