104 Wheeler St Portland, TN 37148
- Manufacturing properties
- 32,597 SF
- 5.02 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 104 Wheeler St
- Year built
- 1978
- Lot size
- 5.02 lot acres
- Property size
- 32,597 SF
- Property type
- Manufacturing properties
- APN
- 083033A E 01001
- APU
- 083033AE01001
Description
This exceptional Portland, TN property offers a substantial 37,305+/- square foot warehouse facility situated on a generous 5.02-acre lot. The building boasts 4,208+/- square feet of dedicated office space, perfectly complementing the expansive warehouse area. Recent upgrades include a modernized electrical service entrance (2021) featuring heavy power (3000A 480V with 3-phase electrical power), ensuring ample capacity for demanding operations. The warehouse itself is equipped for efficient material handling, featuring two 8'x8' and one 8'x9' dock doors, a 14'x14' drive-in door, mechanical levelers, and a 5-ton crane. Clearance height ranges from 17' to 20', providing ample vertical space. Climate control is ensured with existing HVAC in the warehouse. Further enhancing the property's functionality, a sewer upgrade to the street was completed in 2022. The property's zoning designation is IR, and its location within an Opportunity Zone presents potential tax advantages for qualified investors. Its strategic location offers easy access to Highway 109 and I-65, providing excellent connectivity for regional and national distribution. While ideally suited for an injection molding company seeking expansion, this versatile property also presents opportunities for machine shops and fabrication businesses. This is a rare opportunity to acquire a well-maintained, extensively equipped warehouse in a prime location. The asking price is $1,725,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $965,000
- 6.5%
- $980,000
- 7%
- $1,010,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $870,000
- Geo Method
- $1,155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,050,000
- Retail
- $890,000
- Mixed-Use
- $865,000
- Hospitality
- $1,025,000
- Educational
- $805,000
- Residential Income
- $1,005,000
- Energy
- $1,080,000
- Income-Based Land
- $1,110,000
- Food Service
- $815,000
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Sumner
- State
- Tennessee
- Longitude
- -86.5143
- Latitude
- 36.5825
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
