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Property profile & analytics
OFF-MARKET Estimated value $1,230,000
Manufacturing properties

104 Wheeler St Portland, TN 37148-1202

32,597 SF 5.02 ac lot Built 1978
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-1909984
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1978
Total area 32,597 SF
Lot 5.02 ac (218,671 SF)
APN 083033A E 01001
UPID US80-1909984
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
AI Approach AI
$1.51M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$1.23M
Owner & transaction history
4 Wheeler LLC · 4 yrs held
4 Wheeler LLC
since 2021
Last sale
$991,000
2 recorded transactions
2021
$991,000
1990
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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