Industrial Manufacturing
161 Bates Street NE Cleveland, TN 37311
For Sale
$2,500,000
COMMERCIAL - Cleveland, TN
Property Size25,014 SF
Lot Size2.16 Acres
Price / SF$99.94
Days on Market47
Property Features for 161 Bates Street NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Parking features
Parking Lot
Security features
Security
Exterior features
Dock
Fencing
Fenced
Standard status
Active
APN
057d E 02600 000
Size
25,014 SF
Lot size
2.16 Acres
Taxes and HOA fees
Tax Annual Amount
11016
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Flooring type
Concrete
Building materials
Block
Listing Agency:
Bender Realty
(423) 472-2173
Listed By:
Brian Workman · License #271193
(423) 618-0900
Added: Jun 12
Changed: Jul 28
Last Checked: Jul 28 at 8:06PM
MLS# 20263060
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial facility includes approximately 25,000 square feet of combined warehouse, manufacturing, and office space, supported by flexible floor plans. The property features 220-volt, three-phase electrical service, multiple loading docks, and a loading ramp to support shipping and receiving operations. A dedicated Class Clean Room is included for specialized manufacturing or production needs, along with on-site office areas and ample warehouse space.
The building sits on a fully fenced site with secure perimeter fencing and dedicated on-site parking. Truck access is described as convenient, and the location is noted for easy access to major transportation routes.
Offered for sale as an industrial-zoned property, this facility is positioned to serve a range of warehouse, distribution, and production uses where clean production space and functional loading are required.
The building sits on a fully fenced site with secure perimeter fencing and dedicated on-site parking. Truck access is described as convenient, and the location is noted for easy access to major transportation routes.
Offered for sale as an industrial-zoned property, this facility is positioned to serve a range of warehouse, distribution, and production uses where clean production space and functional loading are required.
Key Highlights
- Approximately 25,000+/- SF industrial facility with versatile warehouse, manufacturing, and office space
- Fully fenced, secure perimeter with on‑site parking and truck access for shipping and receiving
- Multiple loading docks plus a loading ramp for efficient logistics operations
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 | $194.1k | $7.76 |
| − Vacancy | −$5.2k | −$0.21 |
| EGI | $188.9k | $7.55 |
| − OpEx | −$28.3k | −$1.13 |
| NOI | $160.5k | $6.42 |
25,014 SF · lease $7.76/SF/yr · vacancy 2.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.29M
$2.01M – $2.68M
NOI $160,538 @ 7.0% cap · market cap 6.42%
Second Best
Industrial
$1.89M
$1.65M – $2.20M
NOI $132,207 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$5.25M
$4.59M – $6.12M
NOI $367,406 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 - Fully fenced industrial facility with loading docks, loading ramp, 220V three-phase power, and a class clean room.
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: Approximately 25,000+/- SF industrial facility with versatile warehouse, manufacturing, and office space; Fully fenced, secure perimeter with on‑site parking and truck access for shipping and receiving; Multiple loading docks plus a loading ramp for efficient logistics operations
