Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    600 Sherwood Dr Union City, TN 38261
    Back to Search
    Property profile & analytics

    600 Sherwood Dr, Union City, TN 38261

    View on Map
    • Warehouses
    • 411,849 SF
    • 34.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mvp Group International Inc / Corporate Office

    Property Details for 600 Sherwood Dr

    Year built
    1985
    Lot size
    34.00 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Union City, Tennessee industrial property offers a substantial 411,849 square feet of space, ideal for manufacturing, warehousing, or distribution operations. Located at 600 Sherwood Dr, Union City, TN 38261, this Class B facility sits on a generous 34-acre lot in Obion County. Built in 1985 and renovated in 1995, the building boasts impressive features including ceiling heights ranging from 17 to 28 feet, providing ample vertical space for various operational needs. The property includes 18 dock-high doors for efficient loading and unloading, and offers 187 total parking spaces for employees and visitors. The entire 411,849 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire facility. This multi-tenant capable building is perfect for a business seeking significant space and operational flexibility. The property's location in Union City, Tennessee provides access to key transportation routes, facilitating seamless logistics and distribution. This is an exceptional opportunity to acquire a large-scale industrial property in a strategic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Obion
    State
    Tennessee
    Longitude
    -89.0493
    Latitude
    36.4452

    Comparable in this City

    • Value Estimation by Request
      411,897 SF

      600 Sherwood Dr

      Distribution properties
      600 Sherwood Dr, Union City, TN 38261
      View Details
    • Value Estimation by Request
      5,228 SF

      1122 Hwy 45th W

      WAREHOUSE, STORAGE
      1122 Hwy 45th W, Union City, TN 38261-8845
      View Details
    • Value Estimation
      $555,000
      15,603 SF

      915 1st St

      WAREHOUSE, STORAGE
      915 1st St, Union City, TN 38261-1703
      View Details
    • Value Estimation
      $610,000
      14,800 SF

      4107 Hwy 21

      WAREHOUSE, STORAGE
      4107 Hwy 21, Union City, TN 38261-7801
      View Details
    • Value Estimation
      $1,140,000
      51,609 SF

      1915 Reelfoot Ave

      WAREHOUSE, STORAGE
      1915 Reelfoot Ave, Union City, TN 38261-6007
      View Details
    • Value Estimation by Request
      9,580 SF

      811 Reelfoot Ave

      WAREHOUSE, STORAGE
      811 Reelfoot Ave, Union City, TN 38261-3045
      View Details

    Similar Nearby for Sale

    • $2,800,000

      Warehouse/Distribution or Manufacturing Space

      144,000 SF warehouse/distribution or manufacturing space available for sale.
      1420 N 5Th St, Union City, TN 38261
      View Details
    • Contact for pricing
      7,996 SF

      Versatile Insulated Facility For Sale

      8,000 SF flex space ideal for logistics, storage, production.
      921 N 1St St, Union City, TN 38261
      View Details
    • Contact for pricing
      1,536 SF

      Commercial Building with Fenced Lot

      Commercial building with fenced lot, convenient highway access.
      2206 Southlane Cir, Union City, TN 38261
      View Details
    • $1,500,000
      31,344 SF

      Industrial Property in Union City

      31,344 sqft industrial space in a heavily industrialized area.
      410 W Reelfoot Ave, Union City, TN 38261
      View Details
    • $549,900
      Pending

      Union City Commercial Property For Sale

      Income-producing property with storage facility and modern office building.
      2720 Section Line Rd, Union City, TN 38261
      View Details
    • $190,000
      3,774 SF

      Union City Commercial Opportunity

      Versatile commercial space in Union City's historic district.
      202 Railroad St, Union City, TN 38261
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Union City Industrial Facility

      254,295 SF industrial facility on 34 acres for lease.
      600 Sherwood Dr, Union City, TN 38261
      View Details
    • Contact for pricing

      Reelfoot Shopping Center Retail Space

      Retail space available in a busy, established shopping center.
      1421 S 1St St, Union City, TN 38261
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Sherwood Dr
    Union City, TN 38261
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    600 Sherwood Dr, Union City, TN, 38261
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!