Technical
Financial
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Property profile

204 Red Rd Mcminnville, TN 37110

OFF-MARKET
Manufacturing properties
Property ID
US80-0141274
266,131 SF 20 ac lot Built 1959
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 272,000-square-foot industrial property in McMinnville, Tennessee, presents a unique opportunity. Located at 204 Red Rd, zip code 37110, this single-tenant facility boasts a versatile layout ideal for flex, manufacturing, or warehouse operations. Currently, 32,550 square feet are available for lease, commencing February 1, 2025. The space includes a substantial 24,200-square-foot warehouse and 8,350 square feet of recently upgraded office space. Access is facilitated by one drive-in door and one loading dock. The property also features a significant one-acre lay-down yard, perfect for outdoor storage and equipment. Built in 1959 and extensively renovated in 2023, this property benefits from a new HVAC system, a new roof, energy-efficient LED lighting, and an upgraded wet sprinkler system. The building offers an impressive 18-foot ceiling height and ample parking with 626 spaces. The property sits on 20 acres of land and boasts substantial power capacity at 15,000 amps (heavy). This prime location offers easy access to major transportation routes, making it an attractive option for businesses seeking efficient logistics and operations. Don't miss this chance to secure a state-of-the-art industrial space in a thriving Tennessee market.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 266,131 SF
Lot 20 ac (871,200 SF)
APN 089058P G 01700
UPID US80-0141274

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Production Facility
  • Department Store
  • Computer & Electronic Repair (Bike/Boat/Book/etc) Store
  • Electric Utility Company
  • Construction Company General Contractor

Location

204 Red Rd Mcminnville, TN 37110-1753
Mcminnville metro Census 930500 MCMINNVILLE, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.43M

Owner & transaction history

since 2022
Last sale
$6.5M
7 recorded transactions
2023
Price N/A
2022
$6.5M
2018
Price N/A
2014
Price N/A
2014
$100,000
2008
$500,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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