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    710 Blue Ribbon Pkwy Shelbyville, TN 37160

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    For Lease
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    58,088 SF industrial building with cleanroom-ready facility for lease.

    Type:Industrial
    Property size:
    58,088 SF
    Lot size:
    10.00 Acres
    Added:
    Aug 12, 2024
    Days on Market:
    614
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 710 Blue Ribbon Pkwy

    General Information

    Standard status
    Active
    Size
    58,088 SF
    Lot size
    10.00 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 710 Blue Ribbon Pkwy Contact us

    28,000SF Industrial Warehouse $7 /Mo

    Size
    28,000 SF
    Type
    Industrial
    58,000SF Industrial Distribution building with 30,000SF Clean Room for Manufacturing....
    show more
    Contact us

    30,000 Clean Room Manufact/Lab Space $7 /Mo

    Size
    30,000 SF
    Type
    Industrial
    33,000SF Industrial/Flex/Clean Room Manufacturing Space on 10AC w/Industrial Storage.
    Contact us

    We can help!

    Listing Contact
    John Mudgett

    Listing agent John Mudgett License #TN 359439

    Listing office Foundry Commercial Nashville

    Listing date Aug 12, 2024

    Source Crexi

    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 Foundry Commercial Nashville

    Overview

    Industrial Building with Cleanroom Facility

    This 58,088 square foot industrial building features a cleanroom-ready facility. Situated on 10 acres, the property offers solid construction and a functional ceiling height of approximately 16 feet, suitable for assembly, production, and light manufacturing. The existing cleanroom infrastructure is a notable feature in the Middle Tennessee market. The property is located 9 miles from I-65, 35 miles from I-840, and 60 miles from the Nashville International Airport (BNA). The surrounding regional ecosystem includes auto suppliers, defense, packaging, electronics, and food groups. Major employers in the vicinity include GM/Ultium (Spring Hill), Marelli, Minth, Walker Die Casting, Teledyne, Talos, Berry Global, National Pen, Jostens, Newell, and Cooper Steel. This location is suited for specialized users in industries such as aerospace, advanced manufacturing, pharmaceuticals, biotechnology, nutraceuticals, and food packaging.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nuvo H2O - EnterSource Home Appliance Store EnterSource Telecommunications Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Bedford
    State
    Tennessee
    Longitude
    -86.43295
    Latitude
    35.493095

    Nearby Similar for Lease

    • Contact for pricing

      Shelbyville Industrial Space For Lease

      384,000 SF industrial space in Shelbyville, Tennessee available for lease.
      342 Shelbyville Mills Rd, Shelbyville, TN
      View Details
    • Contact for pricing

      Retail Space Anchored by Walmart

      Retail space for lease, anchored by Walmart Supercenter.
      1830-1878 N Main St, Shelbyville, TN
      View Details
    • Contact for pricing

      Retail Center in Shelbyville, TN

      Retail center available for rent in Shelbyville, Tennessee.
      1020 N Main Street, Shelbyville, TN 37160
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 58,088 SF industrial building with cleanroom-ready facility for lease.
    Where is this manufacturing property located?
    The property is located at 710 Blue Ribbon Pkwy Shelbyville, TN.
    What are key features of this property?
    This property features: Move‑in ready, cleanroom‑enabled shell ideal for specialized users.; Significantly below new construction costs at $7.50–$8.50/SF NNN.; Existing cleanroom infrastructure, a rare feature.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Mudgett
    Real Estate License ID: TN 359439
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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