Warehouse with Drive-In
For Sale
Contact for pricing
3085 S Lee Highway, Cleveland, TN 37311
Climate-controlled office and workshop space are paired with mezzanine storage and a fenced vehicle circulation area.
Property Size6,000 SF
Price / SF$0.85
Days on Market29
Property Features for 3085 S Lee Highway
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Warehouse
Additional Details
Utilities to Site
Yes
Amenities
refrigerator
dishwasher
stove
compressed air
overhead manual boom
infrared security cameras
motion sensor
Building Details
Year Built
2010
Listing Agency:
Ellis Ledford Properties LLC
(423) 810-1852
Listed By:
Kimberly Ledford · License #291432
(423) 595-8231
Source:
Movehomenashville
Added: Oct 3
Changed: Oct 29
Last Checked: Oct 29 at 2:36PM
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 Ellis Ledford Properties LLC
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Investment Insights
Based on property information with market context.
Built in 2010, this 6,000-square-foot warehouse includes 1,200 square feet of heated and cooled office and workshop space, with a restroom and small kitchen. A further 1,200 square feet of mezzanine storage is located above the warehouse. The building has two 12' x 14' drive-in doors and a truck loading dock with an 8' x 10' door. Warehouse heat is propane, and 160 gallons of compressed air are available onsite. A manual overhead boom may remain in the building.
The property includes 1.15 acres for parking, vehicle turnaround, and a fenced driveway area, plus 10 additional parking spaces outside the fenced section. The building is currently served by single-phase power; underground conduit from the street is in place for three-phase service. Security cameras and motion sensors cover interior and exterior areas. A refrigerator, dishwasher, and stove are also provided.
The property includes 1.15 acres for parking, vehicle turnaround, and a fenced driveway area, plus 10 additional parking spaces outside the fenced section. The building is currently served by single-phase power; underground conduit from the street is in place for three-phase service. Security cameras and motion sensors cover interior and exterior areas. A refrigerator, dishwasher, and stove are also provided.
Key Highlights
- 6,000‑square‑foot warehouse built in 2010
- Two 12' x 14' drive‑in doors and one truck dock with an 8' x 10' loading door
- 1,200 square feet of heated and cooled office and workshop space, plus a restroom and small kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,507
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,140
$770.1K
Cap Rate 7%
$550,100
$550.1K
Cap Rate 9%
$427,856
$427.9K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$46.6K $7.76/SF
− Vacancy
−$1.3K −$0.21/SF
EGI
$45.3K $7.55/SF
− OpEx
−$6.8K −$1.13/SF
NOI
$38.5K $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%
$770,140
Cap Rate 7%
$550,100
Cap Rate 9%
$427,856
Alternative Uses
Best Use
Warehouse
$550.1K
$481.3K – $641.8K
NOI $38,507 @ 7.0% cap · market cap 755.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,128 @ 7.0% cap · market cap 1,728.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled office and workshop space are paired with mezzanine storage and a fenced vehicle circulation area.
Where is this warehouse located?
The property is located at 3085 S Lee Highway Cleveland, TN.
What are key features of this property?
This property features: 6,000‑square‑foot warehouse built in 2010; Two 12' x 14' drive‑in doors and one truck dock with an 8' x 10' loading door; 1,200 square feet of heated and cooled office and workshop space, plus a restroom and small kitchen
