Fairview Warehouse on Industrial
7612 Drag Strip Rd Fairview, TN 37062
7612 Drag Strip Rd, Fairview, TN, 37062
$2,999,500
For Sale
$2,999,500
16,000 SF warehouse on 3.1 acres near I-40.
Property Size16,000 SF
Lot Size3.13 Acres
Price / SF$187.47
Days on Market267
Property Features for 7612 Drag Strip Rd
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Lot size
- 3.13 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency
LOCH COMPANY
(615) 790-5099
Listed by
THOMAS E. LOCHBIHLER
Source
Corcoran
Added: Oct 27, 2025 Updated: Jul 6 at 10:16 am Checked: Jul 19 at 4:47 am
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 LOCH COMPANY
Investment Insights
Based on property information with market context.
This property features a 16,000 sq. ft. warehouse situated on 3.1 industrial acres. The location provides convenient access to I-40. The property is zoned industrial by the City of Fairview and is connected to sewer, city services, and high-speed internet. Multiple loading docks are available. The building features a sloped roof, with ceiling heights ranging from 18 to 10 feet.
Key Highlights
- 16,000 sq. ft. warehouse on 3.1 industrial acres
- Close I‑40 interstate access
- City of Fairview zoned industrial
Local 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 | $172.8k | $10.80 |
| − Vacancy | −$8.6k | −$0.54 |
| EGI | $164.2k | $10.26 |
| − OpEx | −$24.6k | −$1.54 |
| NOI | $139.5k | $8.72 |
16,000 SF · lease $10.80/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.99M
$1.74M – $2.33M
NOI $139,536 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$1.53M
$1.34M – $1.78M
NOI $106,814 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,320 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
TradeWind Industries Inc. ...
Industrial Manufacturer
FAQs
What type of property is this?
Warehouse - 16,000 SF warehouse on 3.1 acres near I-40.
Where is this warehouse located?
The property is located at 7612 Drag Strip Rd Fairview, TN.
What is the asking price?
The asking price for this property is $2,999,500.
What are key features of this property?
This property features: 16,000 sq. ft. warehouse on 3.1 industrial acres; Close I‑40 interstate access; City of Fairview zoned industrial
