305 Greenwave Dr Ridgely, TN 38080
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.