Light Industrial Building with
1478 MORRISON LN NE Cleveland, TN 37312
1478 MORRISON LN NE, Cleveland, TN, 37312
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For Sale
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Steel-frame light industrial building includes office space, T-bar acoustical ceilings, and a roll-up overhead door.
Property Size4,800 SF
Price / SF$106.25
Days on Market21
Property Features for 1478 MORRISON LN NE
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1998
Listing agency
Coldwell Banker Kinard Realty
Listed by
Terry Barnette · License #TN 291120
Source
Crexi
Added: Jul 1 Updated: Jul 21 at 2:26PM Checked: Jul 21 at 2:26PM
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 Coldwell Banker Kinard Realty
Investment Insights
Based on property information with market context.
This well-maintained light industrial building offers a mix of office and warehouse space, totaling approximately 4,800± square feet. The office portion includes an eat-in kitchen, with the remaining area configured for warehouse use. Construction is steel frame on a concrete slab foundation, with exterior materials combining brick and metal siding for long-term durability. Interior finishes include exposed structural ceilings in parts of the space and T-bar acoustical ceilings within the office areas. The warehouse provides approximately 15-foot ceiling height and an open layout for operational flexibility, along with a roll-up overhead door. The property does not include a loading dock.
Located at 1478 Morrison Ln NE in Cleveland, TN, the site is positioned within a growing industrial area and surrounded by other industrial and commercial businesses. The property is approximately 6 miles from I-75 Exit 27 (Paul Huff Parkway), with an estimated drive time of 12 to 15 minutes, supporting access to Cleveland, Chattanooga, and surrounding markets.
The space is suited for users seeking functional office-and-warehouse configuration without dock requirements, with buyer to verify exact office and warehouse square footage and any dimensions during due diligence.
Located at 1478 Morrison Ln NE in Cleveland, TN, the site is positioned within a growing industrial area and surrounded by other industrial and commercial businesses. The property is approximately 6 miles from I-75 Exit 27 (Paul Huff Parkway), with an estimated drive time of 12 to 15 minutes, supporting access to Cleveland, Chattanooga, and surrounding markets.
The space is suited for users seeking functional office-and-warehouse configuration without dock requirements, with buyer to verify exact office and warehouse square footage and any dimensions during due diligence.
Key Highlights
- 4,800± SF steel‑frame light industrial building built in 1998 on a concrete slab foundation
- About 1,660± SF office space with an eat‑in kitchen; remaining area used as warehouse/operational space
- Warehouse features include approx. 15‑foot ceiling height and a roll‑up overhead door (no loading dock)
Local 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 | $37.2k | $7.76 |
| − Vacancy | −$1.0k | −$0.21 |
| EGI | $36.2k | $7.55 |
| − OpEx | −$5.4k | −$1.13 |
| NOI | $30.8k | $6.42 |
4,800 SF · lease $7.76/SF/yr · vacancy 2.70% · expense 15.00%
Alternative Uses
Best Use
Office B
$759.1K
$664.2K – $885.6K
NOI $53,136 @ 7.0% cap · market cap 10.42%
Second Best
Warehouse
$440.1K
$385.1K – $513.4K
NOI $30,806 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.01M
$881.3K – $1.18M
NOI $70,502 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dick Jones & Associates ...
Professional Services
Similar For Sale Nearby
Similar Off Market Nearby
- The Crepe Outdoors — 850 Stuart Rd NE, Cleveland, TN 37312
- Impressions Catering — 810 Stuart Rd NE, Cleveland, TN 37312
FAQs
What type of property is this?
Flex space - Steel-frame light industrial building includes office space, T-bar acoustical ceilings, and a roll-up overhead door.
Where is this flex space located?
The property is located at 1478 MORRISON LN NE Cleveland, TN.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 4,800± SF steel‑frame light industrial building built in 1998 on a concrete slab foundation; About 1,660± SF office space with an eat‑in kitchen; remaining area used as warehouse/operational space; Warehouse features include approx. 15‑foot ceiling height and a roll‑up overhead door (no loading dock)
