Fenced Warehouse with
For Sale
$985,000
3135 Harrison Pike, Cleveland, TN 37311
Industrial facility combines administrative areas, storage, specialty equipment, and a separate electrified pole-barn building.
Property Size4,950 SF
Days on Market63
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Property Features for 3135 Harrison Pike
General Information
Standard status
Active
Size
4,950 SF
Property subtype
Warehouse
Warehouse & Industrial
Warehouse Space
4,950 SF
Voltage
480 V
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Amenities
security system
Building Details
Building Size
4,950 SF
Year Built
2008
Buildings
2
Listing Agency:
Bender Realty LLC
Listed By:
Dwight Richardson · License #225676
(423) 715-0030
Source:
Gracefrankgroup
Added: Aug 14
Changed: Oct 10
Last Checked: Oct 15 at 7:28AM
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.
Built in 2008, the property includes a 4,950-square-foot warehouse arranged with three offices, a reception area, common space, and one full bath. A half bath is located within the warehouse. Storage extends above the office area and includes a separate meeting room. Building equipment includes an Ingresol-Rand built-in air compressor, car lift, 480-volt three-phase power, and a security system.
Additional improvements include a 1,188-square-foot exterior canopy and a 40-by-80-foot pole-barn building with electricity and 20-foot open doors. The entire property is fenced, providing a defined operating area for warehouse and storage uses.
Additional improvements include a 1,188-square-foot exterior canopy and a 40-by-80-foot pole-barn building with electricity and 20-foot open doors. The entire property is fenced, providing a defined operating area for warehouse and storage uses.
Key Highlights
- 4,950‑square‑foot warehouse built in 2008
- Three offices, reception area, common space, meeting room, and two baths
- 480‑volt three‑phase power, built‑in air compressor, car lift, and security system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,769
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,380
$635.4K
Cap Rate 7%
$453,843
$453.8K
Cap Rate 9%
$352,989
$353.0K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$38.4K $7.76/SF
− Vacancy
−$1.0K −$0.21/SF
EGI
$37.4K $7.55/SF
− OpEx
−$5.6K −$1.13/SF
NOI
$31.8K $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%
$635,380
Cap Rate 7%
$453,843
Cap Rate 9%
$352,989
Alternative Uses
Best Use
Warehouse
$453.8K
$397.1K – $529.5K
NOI $31,769 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$908.8K – $1.21M
NOI $72,706 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
20
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
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility combines administrative areas, storage, specialty equipment, and a separate electrified pole-barn building.
Where is this warehouse located?
The property is located at 3135 Harrison Pike Cleveland, TN.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 4,950‑square‑foot warehouse built in 2008; Three offices, reception area, common space, meeting room, and two baths; 480‑volt three‑phase power, built‑in air compressor, car lift, and security system
