Industrial Building with Excess
355 AIRPORT RD, Gallatin, TN 37066
For Sale
Contact for pricing
Vacant facility and adjoining industrial acreage are offered in multiple leasing and sale configurations.
Property Size30,000 SF
Lot Size15.10 Acres
Price / SF$183.33
Days on Market24
Property Features for 355 AIRPORT RD
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Road Access
Land Use
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Blacktide Real Estate Advisors
Listed By:
Chase Wood · License TN #384457
Source:
Crexi
Added: Oct 19
Changed: Nov 10
Last Checked: Nov 10 at 2:29PM
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 Blacktide Real Estate Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property pairs a vacant industrial building of approximately 30,000 SF with a roughly 4.0-acre building parcel. A paved parking area sits at the front of the building, while an additional 11.1-acre parcel extends behind it. Together, the properties comprise approximately 15.1 acres under common ownership.
Located along Gallatin’s Airport Road industrial corridor, the site is surrounded by manufacturing, distribution, and service businesses. The excess land is zoned Restrictive Industrial (RI); building expansion or industrial outdoor storage may be considered subject to City of Gallatin approval. The building and land may be leased or sold in separate or combined configurations.
Located along Gallatin’s Airport Road industrial corridor, the site is surrounded by manufacturing, distribution, and service businesses. The excess land is zoned Restrictive Industrial (RI); building expansion or industrial outdoor storage may be considered subject to City of Gallatin approval. The building and land may be leased or sold in separate or combined configurations.
Key Highlights
- Approximately 30,000 SF industrial building delivered vacant
- Approximately 4.0‑acre building site and 11.1‑acre excess parcel, totaling approximately 15.1 acres
- Restrictive Industrial (RI) zoning on the excess land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,403
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,968,060
$4.0M
Cap Rate 7%
$2,834,329
$2.8M
Cap Rate 9%
$2,204,478
$2.2M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$292.5K $9.75/SF
− Vacancy
−$9.1K −$0.30/SF
EGI
$283.4K $9.45/SF
− OpEx
−$85.0K −$2.83/SF
NOI
$198.4K $6.61/SF
Area
Sumner County, TN
Vacancy
3.10%
Lease Rate
$9.75 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,968,060
Cap Rate 7%
$2,834,329
Cap Rate 9%
$2,204,478
Alternative Uses
Best Use
Industrial
$2.83M
$2.48M – $3.31M
NOI $198,403 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.50M
$9.19M – $12.25M
NOI $735,064 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 37066, TN
59,370
Population
25,939
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
116.3 sq mi
ZIP Area
510
Density / Sq Mi
$78,049
Median Household Income
$43,311
Median Earnings
$1,305
Median Rent
$376,100
Median Home Value
Check the figures for this property
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?
Industrial property - Vacant facility and adjoining industrial acreage are offered in multiple leasing and sale configurations.
Where is this industrial property located?
The property is located at 355 AIRPORT RD Gallatin, TN.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Approximately 30,000 SF industrial building delivered vacant; Approximately 4.0‑acre building site and 11.1‑acre excess parcel, totaling approximately 15.1 acres; Restrictive Industrial (RI) zoning on the excess land
