Renovated Warehouse with Loading
For Sale
$380,000
4215 Old Tasso Rd Ne, Cleveland, TN 37312
Versatile warehouse with high ceilings, loading dock, and security.
Property Size4,985 SF
Price / SF$76.23
Days on Market93
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 · License #333299
(423) 464-1812
Source:
Exprealty
Added: May 5
Changed: Jul 10
Last Checked: Aug 3 at 4:03AM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
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.
