Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Warehouse with Showroom/Office Space Title is generated by Realmo AI

    4000 Memorial Blvd, Springfield, TN 37172

    View on Map
    Claim this Listing
    For Sale
    $3,200,000

    Versatile industrial warehouse with showroom, office space, and loading docks.

    Property size:
    45,996 SF
    Price / SF:
    $69/SF
    Added:
    May 9, 2025
    Days on Market:
    388
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 4000 Memorial Blvd

    General Information

    Standard status
    Active
    Size
    45,996 SF

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    DEMETRIA WHITE
    DEMETRIA WHITE

    Listing agent DEMETRIA WHITE License #349070

    Listing office RE/MAX 1ST CHOICE

    Listing date May 9, 2025

    Source Corcoran

    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 RE/MAX 1ST CHOICE

    HighLights

    • Spur track for on‑site railcar loading/unloading.
    • High traffic location: 16,382 cars passing per day (TN DOT data).
    • Versatile space: industrial warehouse with showroom and office spaces.
    • Zoned for Commercial Services, suitable for industrial or retail use.
    • Loading docks for efficient transport.
    • Convenient location: Less than 30 minutes to Nashville.

    Overview

    This industrial warehouse offers a unique investment opportunity, potentially suitable for retail space as well. Zoned for commercial services, the building features a large showroom and office spaces in addition to its industrial area. Loading docks are present, and a spur track at the back of the building offers the possibility of loading and unloading railcars on site. The location experiences an average of 16,382 cars passing per day, according to the State of TN. Situated less than 30 minutes from Nashville, 45 minutes from Clarksville, and 1 hour from Bowling Green. Additional acreage is available and can be added if needed. The property, known locally as "The Co-op" Building, has a total size of 45996 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chosen Towing & Recovery Auto Repair Shop Tobacco Road Golf ... Golf Cart Dealer

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Robertson
    State
    Tennessee
    Longitude
    -86.8529
    Latitude
    36.4766

    Nearby Similar for Sale

    • $925,000
      3,000 SF

      Springfield Commercial Building For Sale

      Commercial building in Springfield, Tennessee with showroom, office, and storage.
      2104 Ruth St, Springfield, TN 37172
      View Details
    • $2,400,000
      3,323 SF

      New Whataburger Ground Lease Opportunity

      New 3,305 SF Whataburger on 1.32 acres, 15-year NNN lease.
      35 Mooreland Drive, Springfield, TN 37172
      View Details
    • Contact for pricing
      3,179 SF

      Arby's NNN Investment Property

      NNN leased Arby’s in Springfield, Tennessee with 11 years remaining.
      1303 Memorial Blvd, Springfield, TN 37172
      View Details
    • $2,295,000
      45,996 SF

      Versatile Industrial/Retail Opportunity

      Unique industrial warehouse suitable for retail with showroom and office.
      4000 Memorial Blvd, Springfield, TN 37172
      View Details
    • $299,900
      1,845 SF

      Downtown Springfield Commercial Property For Sale

      Commercial property in downtown Springfield, near courthouse square, tenant in place.
      505 Hill St, Springfield, TN 37172
      View Details
    • Contact for pricing

      Hotel Pad at Shops Mooreland

      Hotel pad for sale with up to 107 keys.
      3500 Tom Austin Highway, Springfield, TN 37172
      View Details
    • $3,100,000
      27,200 SF

      Highway Frontage Commercial Property

      Commercial property with strategic highway exposure and access.
      3016 Hwy 41 S, Springfield, TN 37172
      View Details
    • $499,900
      3,354 SF

      Memorial Blvd Commercial Building For Sale

      Versatile building suitable for retail, office, medical, or professional uses.
      2416 Memorial Blvd, Springfield, TN 37172
      View Details

    FAQs

    What type of property is this?
    Warehouse - Versatile industrial warehouse with showroom, office space, and loading docks.
    Where is this warehouse located?
    The property is located at 4000 Memorial Blvd Springfield, TN.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Spur track for on‑site railcar loading/unloading.; High traffic location: 16,382 cars passing per day (TN DOT data).; Versatile space: industrial warehouse with showroom and office spaces.
    (615) 585-4331
    We can help!
    Listing Contact
    DEMETRIA WHITE
    DEMETRIA WHITE
    Real Estate License ID: 349070
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    4000 Memorial Blvd, Springfield, TN 37172
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!