Industrial Warehouse with
631 Mimosa Dr NW, Cleveland, TN 37312
For Sale
$2,500,000
An attached office and open warehouse area support a range of industrial operations, with a month-to-month tenant in place.
Property Size14,000 SF
Price / SF$178.57
Days on Market215
Property Features for 631 Mimosa Dr NW
General Information
Standard status
Size
Class
Property subtype
Zoning
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Bridge Real Estate Group
Listed By:
Laura Coleman · License TN #358137
(423) 479-8721
Source:
Concordrealty
Added: Apr 10
Changed: Nov 7
Last Checked: Nov 9 at 8:21PM
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 Bridge Real Estate Group
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Investment Insights
Based on property information with market context.
This 14,000-square-foot Class B industrial building combines open warehouse space with an attached office area. Constructed in 1979, the facility sits on two parcels: 042A C 014.00 and 042A C 015.00. Commercial zoning is in place, and the building is occupied under a month-to-month tenancy, providing flexibility around future occupancy or a transition in use.
Key Highlights
- 14,000 square feet of Class B industrial space
- Open warehouse area with attached office space
- Located across parcels 042A C 014.00 and 042A C 015.00
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,851
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,797,020
$1.8M
Cap Rate 7%
$1,283,586
$1.3M
Cap Rate 9%
$998,344
$998.3K
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$108.6K $7.76/SF
− Vacancy
−$2.9K −$0.21/SF
EGI
$105.7K $7.55/SF
− OpEx
−$15.9K −$1.13/SF
NOI
$89.9K $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%
$1,797,020
Cap Rate 7%
$1,283,586
Cap Rate 9%
$998,344
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,851 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$1.06M
$924.9K – $1.23M
NOI $73,995 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,632 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Under-served
Demand for This Use
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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
$270,500
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Cleveland, TN
Properties on Market for Warehouses in Cleveland
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Fort Knox 24/7 Self Storage of Cleveland — 4635 Fairfield Farm Rd, Cleveland, TN 37312
Frequently Asked Questions
What type of property is this?
Warehouse - An attached office and open warehouse area support a range of industrial operations, with a month-to-month tenant in place.
Where is this warehouse located?
The property is located at 631 Mimosa Dr NW Cleveland, TN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 14,000 square feet of Class B industrial space; Open warehouse area with attached office space; Located across parcels 042A C 014.00 and 042A C 015.00
