Flex Space with Loading
For Sale
$370,000
4215 Old Tasso Road NE, Cleveland, TN 37312
Renovated flex property with industrial power, secured yard, dock access, and an existing modified net lease.
Property Size4,985 SF
Price / SF$74.22
Days on Market68
Property Features for 4215 Old Tasso Road NE
General Information
Standard status
Active
Size
4,985 SF
Building Details
Year Built
1935
Listing Agency:
Bender Realty LLC
Listed By:
Adam Hammond · License #333299
(423) 464-1812
Source:
Grayfoxrealty
Added: Aug 9
Changed: Oct 8
Last Checked: Oct 7 at 5:03PM
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.
This 4,985-square-foot flex property combines warehouse and shop functionality within a building renovated in 2021. The interior has concrete flooring and 10.5-foot ceilings, along with two half-baths and a rear storage shed. Electrical capacity includes 400 amp single-phase and three-phase service. Two overhead doors with openers and a loading dock support receiving and daily shop operations.
The property is tenant occupied under a modified net lease, with the tenant responsible for utilities and operating expenses. A fenced perimeter and security cameras serve the site, while the front area provides up to eight parking spaces. City water and sewer are available, and gas service is located at the street. The property is near the local YMCA at 4215 Old Tasso Road NE in Cleveland, Tennessee.
The property is tenant occupied under a modified net lease, with the tenant responsible for utilities and operating expenses. A fenced perimeter and security cameras serve the site, while the front area provides up to eight parking spaces. City water and sewer are available, and gas service is located at the street. The property is near the local YMCA at 4215 Old Tasso Road NE in Cleveland, Tennessee.
Key Highlights
- 4,985 SF flex building renovated in 2021
- 400 amp single phase and 3 phase electrical service
- Two roll‑up garage doors with openers plus a loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,993
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,860
$639.9K
Cap Rate 7%
$457,043
$457.0K
Cap Rate 9%
$355,478
$355.5K
Market Conditions
NOI Build-Up for 4,985 SF
Gross rent
$38.7K $7.76/SF
− Vacancy
−$1.0K −$0.21/SF
EGI
$37.6K $7.55/SF
− OpEx
−$5.6K −$1.13/SF
NOI
$32.0K $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%
$639,860
Cap Rate 7%
$457,043
Cap Rate 9%
$355,478
Alternative Uses
Best Use
Warehouse
$457.0K
$399.9K – $533.2K
NOI $31,993 @ 7.0% cap · market cap 8.65%
Second Best
Industrial
$376.4K
$329.3K – $439.1K
NOI $26,347 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.05M
$915.3K – $1.22M
NOI $73,220 @ 7.0% cap · market cap 19.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37312, TN
36,291
Population
15,023
Households
2.4
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
64.4 sq mi
ZIP Area
564
Density / Sq Mi
$75,369
Median Household Income
$41,148
Median Earnings
$1,080
Median Rent
$270,500
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Impressions Catering — 810 Stuart Rd NE, Cleveland, TN 37312
- The Crepe Outdoors — 850 Stuart Rd NE, Cleveland, TN 37312
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex property with industrial power, secured yard, dock access, and an existing modified net lease.
Where is this flex space located?
The property is located at 4215 Old Tasso Road NE Cleveland, TN.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 4,985 SF flex building renovated in 2021; 400 amp single phase and 3 phase electrical service; Two roll‑up garage doors with openers plus a loading dock
