305 Greenway Dr Ridgely, TN 38080
This exceptional investment opportunity in Ridgely, Tennessee, presents a 21,386-square-foot warehouse situated on a 3.32-acre lot (144,619.2 sq ft). Built in 1976, this single-story structure boasts multiple storage areas, 12-foot side walls, and convenient access via a private road. Features include a loading dock, two 10-foot roll-up doors, and multiple bathrooms. The property also includes living quarters and the potential for 3-phase electric service. Its strategic location offers proximity to major transportation routes and the Port of Cates Landing. The area is experiencing significant economic growth, fueled by projects like the Ridgely Solar initiative (over 1,300 acres) and the recently launched Sinova silicon metal processing plant ($150 million investment). This property presents substantial upside potential for a variety of uses. Public utilities service the site. The asking price is $399,900.
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
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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.