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Property profile & analytics
OFF-MARKET
Warehouses

305 Greenwave Dr Ridgely, TN 38080

21,386 SF 3.2 ac lot Built 1976
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a versatile 21,386-square-foot flex space in Ridgely, Tennessee. Situated on a 3.2-acre lot, this 1976-built property offers a unique blend of industrial, office, and potential living space. The building features 12-foot ceiling heights, one loading dock, and one dock-high door, complemented by multiple storage areas and bathrooms. Two 10-foot roll-up doors provide convenient access. The property boasts potential for three-phase electric service, adding to its operational flexibility. Its strategic location offers easy access to major transportation routes and the Port of Cates Landing River Port, enhancing its logistical advantages. The surrounding area is experiencing significant economic growth, fueled by major projects like the Ridgely Solar initiative and the Sinova silicon metal processing plant. This property presents a compelling investment opportunity with high potential for diverse uses and strong future growth prospects. The asking price is $440,000, with a price per square foot of $20.57.

Property profile
Verified
Property type Warehouses
Year built 1976
Total area 21,386 SF
Lot 3.2 ac (139,392 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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