Industrial Warehouse
70 Athens Dr, Mount Juliet, TN 37122
For Sale
$3,350,000
Industrial warehouse building totaling 25,840 square feet, available for sale.
Property Size25,840 SF
Price / SF$129.64
Days on Market252
Property Features for 70 Athens Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Listing Agency:
Matthews Real Estate Investment Services - Corporate
Listed By:
Jay Reeves · License TN #357879
(615) 323-5460
Source:
Matthews
Added: Mar 3
Changed: Oct 25
Last Checked: Nov 8 at 2:08AM
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 Matthews Real Estate Investment Services - Corporate
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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.
This industrial warehouse building offers approximately 25,840 square feet of space and is available for sale. The property is categorized for industrial use as a warehouse facility.
The offering is listed as industrial in the public remarks. The transaction is for sale.
For buyers and tenants evaluating operational space needs, the key confirmed detail is the total building size provided in the listing information.
The offering is listed as industrial in the public remarks. The transaction is for sale.
For buyers and tenants evaluating operational space needs, the key confirmed detail is the total building size provided in the listing information.
Key Highlights
- Industrial warehouse building for sale totaling 25,840 SF
- Property is listed as an industrial building and is available for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$248,326
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,966,520
$5.0M
Cap Rate 7%
$3,547,514
$3.5M
Cap Rate 9%
$2,759,178
$2.8M
Market Conditions
NOI Build-Up for 25,840 SF
Gross rent
$303.9K $11.76/SF
− Vacancy
−$11.7K −$0.45/SF
EGI
$292.1K $11.31/SF
− OpEx
−$43.8K −$1.70/SF
NOI
$248.3K $9.61/SF
Area
Wilson County, TN
Vacancy
3.86%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,966,520
Cap Rate 7%
$3,547,514
Cap Rate 9%
$2,759,178
Alternative Uses
Best Use
Warehouse
$3.55M
$3.10M – $4.14M
NOI $248,326 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.04M
$7.91M – $10.55M
NOI $633,135 @ 7.0% cap · market cap 18.90%
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
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37122, TN
64,018
Population
25,608
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
96%
High-School Grad
111.6 sq mi
ZIP Area
574
Density / Sq Mi
$109,306
Median Household Income
$57,218
Median Earnings
$1,840
Median Rent
$451,800
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
Similar Off Market Nearby
- Go Store It Self Storage — 166 Belinda Pkwy, Mt. Juliet, TN 37122
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse building totaling 25,840 square feet, available for sale.
Where is this warehouse located?
The property is located at 70 Athens Dr Mount Juliet, TN.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Industrial warehouse building for sale totaling 25,840 SF; Property is listed as an industrial building and is available for sale
