Fenced Industrial Warehouse
For Sale
$3,900,000
6055 AIRLINE RD, Arlington, TN 38002
Industrial land with three warehouse buildings, offices, multiple drive-in doors and loading equipment, plus fenced access and electric gate.
Property Size43,306 SF
Lot Size4.84 Acres
Price / SF$90.06
Days on Market36
Property Features for 6055 AIRLINE RD
General Information
Standard status
Active
Size
43,306 SF
Lot size
4.84 Acres
Property subtype
Industrial
Zoning
indust
Warehouse & Industrial
Drive-In Doors
11
Sprinkler System
Yes
Additional Details
Fenced Yard
Yes
Office Units
3
Building Details
Year Built
1977
Year Renovated
2021
Buildings
3
Stories
1
Listing Agency:
Fayette Realty, LLC
(901) 237-2606
Listed By:
Will Bowling
(901) 237-2606
Source:
Fayetterealtyllc.idxbroker
Added: Jul 6
Changed: Aug 8
Last Checked: Aug 9 at 4:35AM
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 Fayette Realty, LLC
Investment Insights
Based on property information with market context.
This fenced industrial property includes a main warehouse and office building plus two additional warehouse buildings on 4.838 acres of total land (2 tax parcels). Reported improvements include a renovation completed in 2021 with upgraded fire suppression, a new Duro-Last roof (15-year warranty), and new warehouse heaters. The campus features automated gates, three multi-person offices, two cranes, 11 drive-in doors across the three buildings, two truck ramps, and one dock leveler, along with a commercial security camera system.
A portion of the land is gravel (about 1.3 acres), and the property is completely fenced with an electric gate. A railroad spur is available if needed.
The facility is currently occupied, with the option for a purchaser to buy as an empty facility or negotiate to keep some tenants if desired.
A portion of the land is gravel (about 1.3 acres), and the property is completely fenced with an electric gate. A railroad spur is available if needed.
The facility is currently occupied, with the option for a purchaser to buy as an empty facility or negotiate to keep some tenants if desired.
Key Highlights
- 1977 industrial property on 4.838 acres (2 tax parcels) with three warehouse buildings totaling approx. 31,607 SF plus office space
- Warehouse sizes include 31,607 SF in the main building, 7,293 SF in the second building, and 4,406 SF in the third building
- Fenced property with electric gate and automated gates, plus gravel area of about 1.3 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$332,148
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,642,960
$6.6M
Cap Rate 7%
$4,744,971
$4.7M
Cap Rate 9%
$3,690,533
$3.7M
Market Conditions
NOI Build-Up for 43,306 SF
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.
Gross rent
$426.1K $9.84/SF
− Vacancy
−$35.4K −$0.82/SF
EGI
$390.8K $9.02/SF
− OpEx
−$58.6K −$1.35/SF
NOI
$332.1K $7.67/SF
Area
Shelby County, TN
Vacancy
8.30%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,642,960
Cap Rate 7%
$4,744,971
Cap Rate 9%
$3,690,533
Alternative Uses
Best Use
Office B
$6.08M
$5.32M – $7.09M
NOI $425,611 @ 7.0% cap · market cap 10.91%
Second Best
Warehouse
$4.74M
$4.15M – $5.54M
NOI $332,148 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$8.77M
$7.67M – $10.23M
NOI $613,629 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Drive-in doors
3
Office units
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 38002, TN
44,385
Population
15,448
Households
2.9
Avg Household Size
38
Median Age
47%
College-Educated
97%
High-School Grad
116.3 sq mi
ZIP Area
382
Density / Sq Mi
$115,478
Median Household Income
$56,917
Median Earnings
$1,695
Median Rent
$363,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Arlington Self Storage — 5925 Airline Rd, Arlington, TN 38002
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- Lineage — 5855 Jetway Dr, Arlington, TN 38002
- Lineage Logistics — 11420 Gulf Stream Rd, Arlington, TN 38002
- Arlington Climate Controlled Storage — 6001 Airline Rd, Arlington, TN 38002
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial land with three warehouse buildings, offices, multiple drive-in doors and loading equipment, plus fenced access and electric gate.
Where is this warehouse located?
The property is located at 6055 AIRLINE RD Arlington, TN.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 1977 industrial property on 4.838 acres (2 tax parcels) with three warehouse buildings totaling approx. 31,607 SF plus office space; Warehouse sizes include 31,607 SF in the main building, 7,293 SF in the second building, and 4,406 SF in the third building; Fenced property with electric gate and automated gates, plus gravel area of about 1.3 acres
