Fenced Flex Industrial
For Sale
Contact for pricing
161 Bates Street NE, Cleveland, TN 37311
Versatile industrial property with warehouse, manufacturing, office, loading, and specialized production infrastructure.
Property Size25,014 SF
Price / SF$100
Days on Market126
Property Features for 161 Bates Street NE
General Information
Standard status
Active
Size
25,014 SF
Property subtype
Warehouse
Warehouse & Industrial
Voltage
220 V
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Building Size
25,014 SF
Year Built
1950
Listing Agency:
Bender Realty LLC
Listed By:
Brian Workman · License #271193
(423) 618-0900
Source:
Thefullerproperties
Added: Jun 12
Changed: Oct 1
Last Checked: Oct 15 at 5:54AM
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 Bender Realty LLC
Investment Insights
Based on property information with market context.
This flex space comprises 25,014 square feet built in 1950, with warehouse, manufacturing, and office areas arranged for varied industrial operations. The facility includes 220-volt, three-phase electrical service, multiple loading docks, a loading ramp, and a Class Clean Room. Dedicated office areas and adaptable floor plans provide additional functional space within the building.
The property at 161 Bates Street, NE, Cleveland, TN 37311, occupies a fully fenced site with on-site parking, secure perimeter fencing, and truck access. Its combination of shipping infrastructure, electrical capacity, and specialized clean-room space supports manufacturing, assembly, packaging, laboratory, and related production uses.
The property at 161 Bates Street, NE, Cleveland, TN 37311, occupies a fully fenced site with on-site parking, secure perimeter fencing, and truck access. Its combination of shipping infrastructure, electrical capacity, and specialized clean-room space supports manufacturing, assembly, packaging, laboratory, and related production uses.
Key Highlights
- 25,014‑square‑foot flex space facility built in 1950
- 220‑volt, three‑phase electrical service
- Multiple loading docks and a loading ramp
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,448
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,208,960
$3.2M
Cap Rate 7%
$2,292,114
$2.3M
Cap Rate 9%
$1,782,756
$1.8M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$194.0K $7.76/SF
− Vacancy
−$5.2K −$0.21/SF
EGI
$188.8K $7.55/SF
− OpEx
−$28.3K −$1.13/SF
NOI
$160.4K $6.42/SF
Area
Bradley County, TN
Vacancy
2.70%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,208,960
Cap Rate 7%
$2,292,114
Cap Rate 9%
$1,782,756
Alternative Uses
Best Use
Warehouse
$2.29M
$2.01M – $2.67M
NOI $160,448 @ 7.0% cap · market cap 6.42%
Second Best
Industrial
$1.89M
$1.65M – $2.20M
NOI $132,133 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$5.25M
$4.59M – $6.12M
NOI $367,200 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37311, TN
29,687
Population
12,942
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
50.1 sq mi
ZIP Area
593
Density / Sq Mi
$46,827
Median Household Income
$28,839
Median Earnings
$890
Median Rent
$205,800
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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Similar Off Market Nearby
- Firehouse Subs Village Green — 201 Keith St SW Ste 18, Cleveland, TN 37311
- Alshabibi Catering — 260 Broad St NW, Cleveland, TN 37311
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial property with warehouse, manufacturing, office, loading, and specialized production infrastructure.
Where is this flex space located?
The property is located at 161 Bates Street NE Cleveland, TN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 25,014‑square‑foot flex space facility built in 1950; 220‑volt, three‑phase electrical service; Multiple loading docks and a loading ramp
