Renovated Warehouse with Loading
4215 Old Tasso Rd Ne Cleveland, TN 37312
4215 Old Tasso Rd Ne, Cleveland, TN, 37312
$380,000
For Sale
$380,000
Versatile warehouse with high ceilings, loading dock, and security.
Property Size4,985 SF
Price / SF$76.23
Days on Market73
Property Features for 4215 Old Tasso Rd Ne
General Information
- Standard status
- Active
- Size
- 4,985 SF
Listing Agency
Bender Realty
(423) 464-1812
Listed by
Adam Hammond
(423) 464-1812
Source
Exprealty
Added: May 5 Checked: Jul 16 at 12:22 pm
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
Investment Insights
Based on property information with market context.
This industrial/commercial warehouse and shop offers an opportunity for investors or owner-operators. The property is located near the local YMCA. Tenant occupied, the property has a Gross Operating Income of $24,200 with a GPI of $33,600. The previous lease was $2,700 per month for a GOI of $32,400. The tenant has a modified net lease and pays all utilities and expenses. Renovated in 2021, the warehouse features a spacious interior with 10.5-foot ceilings and concrete floors. The building includes two half-baths and a large shed in the back. Currently used as a shop and warehouse, the space can accommodate various light industrial uses. The warehouse is equipped with 400 amp single phase and 3 phase electrical service. It features two roll-up garage doors with openers and a loading dock. A fenced boundary and security cameras provide privacy and security. The front of the property offers up to eight parking spaces with potential for expansion. City sewer and water service are available, as well as gas at the street. The property has 4,985 square feet of space.
Key Highlights
- Prime location near the local YMCA.
- High Gross Operating Income (GOI) with potential for increase.
- Versatile space suitable for various light industrial uses.
Local 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 | $38.7k | $7.76 |
| − Vacancy | −$1.0k | −$0.21 |
| EGI | $37.6k | $7.55 |
| − OpEx | −$5.6k | −$1.13 |
| NOI | $32.0k | $6.42 |
4,985 SF · lease $7.76/SF/yr · vacancy 2.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$457.0K
$399.9K – $533.2K
NOI $31,993 @ 7.0% cap · market cap 8.42%
Second Best
Industrial
$376.4K
$329.3K – $439.1K
NOI $26,347 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.05M
$915.3K – $1.22M
NOI $73,220 @ 7.0% cap · market cap 19.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- 24Hour Self Storage - Stuart — 1475 Stuart Rd NE, Cleveland, TN 37312
- A Plus Moving — 1510 Stuart Rd NE suite 118, Cleveland, TN 37312
- Stuart Road Storage — 1600 Stuart Rd NE Suite 2, Cleveland, TN 37312
- Storage Park — 3917 Michigan Ave Rd NE, Cleveland, TN 37323
- Cleveland Boat & RV Storage — 3686 Michigan Ave Rd NE, Cleveland, TN 37323
FAQs
What type of property is this?
Warehouse - Versatile warehouse with high ceilings, loading dock, and security.
Where is this warehouse located?
The property is located at 4215 Old Tasso Rd Ne Cleveland, TN.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Prime location near the local YMCA.; High Gross Operating Income (GOI) with potential for increase.; Versatile space suitable for various light industrial uses.
