Building Details

Building Size 16,000 SF

Year Built 1984

Listing Agency: Loch Company

Listed By: Thomas E. Lochbihler · License #225497 Show Phone

Source: Thefullerproperties

Added: Oct 27, 2025 Changed: Oct 9 Last Checked: Oct 13 at 1:30AM

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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.

Built in 1984, this warehouse contains 16,000 square feet on 3.1 industrial acres. The facility includes multiple loading docks and a sloped roof with ceiling heights ranging from 18 to 10 feet.

The property is located in Fairview, Tennessee, with access to the I-40 interstate. City of Fairview industrial zoning applies, and the site is served by sewer, city utilities, and high-speed internet.

Key Highlights

• 16,000 sq. ft. warehouse on 3.1 industrial acres
• Multiple loading docks
• Ceiling heights range from 18 to 10 feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$139,536

Cap Rate

4.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,790,720 $2.8M

Cap Rate 7%

$1,993,371 $2.0M

Cap Rate 9%

$1,550,400 $1.6M

Market Conditions

NOI Build-Up for 16,000 SF

Gross rent

$172.8K $10.80/SF

− Vacancy

−$8.6K −$0.54/SF

EGI

$164.2K $10.26/SF

− OpEx

−$24.6K −$1.54/SF

NOI

$139.5K $8.72/SF

Area

Williamson County, TN

Vacancy

5.00%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,790,720

Cap Rate 7%

$1,993,371

Cap Rate 9%

$1,550,400

Alternative Uses

Best Use

Warehouse

$1.99M

$1.74M – $2.33M (±1% cap)

NOI $139,536 @ 7.0% cap · market cap 4.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.69M

$4.10M – $5.47M (±1% cap)

NOI $328,320 @ 7.0% cap · market cap 10.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

TradeWind Industries Inc. ... Industrial Manufacturer

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Auto Parts Store Furniture & Home Goods Grocery & Convenience Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 37062, TN

12,710

Population

4,962

Households

2.6

Avg Household Size

39

Median Age

36%

College-Educated

94%

High-School Grad

69.2 sq mi

ZIP Area

184

Density / Sq Mi

$87,598

Median Household Income

$50,140

Median Earnings

$1,302

Median Rent

$344,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Warehouse - Industrial-zoned warehouse with multiple loading docks, municipal services, and high-speed internet access.

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; Multiple loading docks; Ceiling heights range from 18 to 10 feet