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    30 Sullivan Drive Bells, TN 38006

    View on Map
    For Sale
    $1,200,000

    COMMERCIAL - Bells, TN

    Property size:
    30,324 SF
    Lot size:
    8.23 Acres
    Added:
    Aug 25, 2025
    Days on Market:
    221
    Last Refresh:
    Apr 2 at 12:06 am

    Property Features for 30 Sullivan Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Standard status
    Active
    APN
    089 006.00
    Size
    30,324 SF
    Lot size
    8.23 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    7673

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas, Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1987
    Floors in Building
    1
    Flooring type
    Carpet, Hardwood, Concrete
    Building materials
    Brick, Metal Siding, Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Debra Ann Kee
    Debra Ann Kee

    Listing agent Debra Ann Kee License #334167

    Listing office Porchlight Realty West TN 31 A Wiley Parker Rd, Jackson, TN

    Listing date Aug 25, 2025

    MLS# 2504038 Listing URL

    Copyright © 2026 Central West Tennessee 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.

    Overview

    Versatile Commercial Property in Bells, TN

    This versatile commercial property offers a combination of office and warehouse space, suitable for various business uses. The front office area includes 6 private offices, a reception office, a conference room with a full bath, a storage area with direct warehouse access, a break room, a janitor's closet, and a server room. Men's and women's restrooms are available, and the entry and hallways feature new hardware flooring. Central heat and air conditioning are installed throughout the office area. The warehouse includes 7 dock doors on the street side, with 4 being ground level. On the fenced side, there is one 20-foot dock door and four 10-foot dock doors, all at ground level. The warehouse also features a break room, a men's restroom, and a back storage area, with gas heat provided. The property has a 1200 amp power supply with 480V, 3-phase electrical service. The property is situated on 8.23 acres and totals 30,324 square feet. This property offers the flexibility and infrastructure to support industrial, distribution, or commercial operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ADVANCED LASER & MANUFACTURING Electronics & Wireless Store AJD Designs, Inc. Metal Fabrication Plant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bells
    County
    Crockett
    State
    Tennessee
    Longitude
    -89.099432
    Latitude
    35.712029

    Nearby Similar for Sale

    • $250,000
      1,633 SF

      Commercial Space Near Highway 412

      Commercial space with possibilities on 2.3 acres near Hwy 412.
      461 Walnut Hill Road, Bells, TN 38006
      View Details
    • $250,000
      1,633 SF

      Commercial Property on 2.3 Acres

      Commercial space off Hwy 412 with high traffic count.
      461 Walnut Hill Road, Bells, TN 38006
      View Details

    FAQs

    What type of property is this?
    Flex space - 30,324 sq ft commercial property on 8.23 acres.
    Where is this flex space located?
    The property is located at 30 Sullivan Drive Bells, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 30,324 sq ft commercial property on 8.23 acres offering office and warehouse space; Features 7 dock doors on the street side (4 ground level) and five dock doors on the fenced side (all ground level); Benefits from a 1200 amp power supply with 480V, 3‑phase electrical service
    (731) 501-0161
    We can help!
    Listing Contact
    Debra Ann Kee
    Debra Ann Kee
    Real Estate License ID: 334167
    Learn More
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    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
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