Mixed-Use Property with
For Sale
$250,000
1040 Whisperwood Trl NE, Cleveland, TN 37312
A gated gravel lot serves a building configured with private offices and a multi-door workshop.
Property Size1,200 SF
Lot Size0.44 Acres
Price / SF$208.33
Days on Market8
Property Features for 1040 Whisperwood Trl NE
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.44 Acres
Property subtype
Mixed Use
Additional Details
Fenced Yard
Yes
Drive-In Doors
3
Amenities
security system
Building Details
Building Size
1,200 SF
Year Built
1996
Buildings
1
Listing Agency:
Ocoee Realty & Property Management
Listed By:
Madeline Lee Williams · License #381838
(423) 242-8006
Source:
Gracefrankgroup
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 11 at 10:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ocoee Realty & Property Management
Investment Insights
Based on property information with market context.
This mixed-use property in Cleveland, Tennessee, combines a workshop with office space in a commercial building of approximately 1,200 square feet. The interior includes two private offices, each with an exterior door and windows, plus a bathroom with a toilet and sink. HVAC and a wood furnace provide climate control, and a camera system covers the interior and exterior. The workshop has three garage doors and an additional exterior entrance.
The site encompasses approximately 0.44 acres and includes a gated gravel lot. Tri-State Warehouses on Urbane Road is nearby. The building was constructed in 1996.
The site encompasses approximately 0.44 acres and includes a gated gravel lot. Tri-State Warehouses on Urbane Road is nearby. The building was constructed in 1996.
Key Highlights
- Approximately 1,200 square feet of building area
- Two private offices with exterior doors and windows
- Workshop with three garage doors and an exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,150
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,000
$243.0K
Cap Rate 7%
$173,571
$173.6K
Cap Rate 9%
$135,000
$135.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$2.2K −$1.80/SF
EGI
$19.4K $16.20/SF
− OpEx
−$7.3K −$6.07/SF
NOI
$12.2K $10.13/SF
Area
Bradley County, TN
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,000
Cap Rate 7%
$173,571
Cap Rate 9%
$135,000
Alternative Uses
Best Use
Mixed Use
$173.6K
$151.9K – $202.5K
NOI $12,150 @ 7.0% cap · market cap 4.86%
Second Best
Industrial
$90.6K
$79.3K – $105.7K
NOI $6,342 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$251.8K
$220.3K – $293.8K
NOI $17,626 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 37312, TN
36,291
Population
15,023
Households
2.4
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
64.4 sq mi
ZIP Area
564
Density / Sq Mi
$75,369
Median Household Income
$41,148
Median Earnings
$1,080
Median Rent
$270,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A gated gravel lot serves a building configured with private offices and a multi-door workshop.
Where is this mixed-use property located?
The property is located at 1040 Whisperwood Trl NE Cleveland, TN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 1,200 square feet of building area; Two private offices with exterior doors and windows; Workshop with three garage doors and an exterior entrance
