204 Red Rd Mcminnville, TN 37110-1753
- Manufacturing properties
- 266,131 SF
- 20.00 lot acres
Current Use by Public Records
- Medformance / Medical Equipment Supplier
- Dayton Bag & Burlap Co / Store
- Litewire / Data Recovery Service
- Caney Fork Electric Co-Op Inc / Electric Utility Company
- Tri Star Decorative Concrete / Concrete Contractor / Countertop Contractor
Property Details for 204 Red Rd
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 20.00 lot acres
- Property size
- 266,131 SF
- Property type
- Manufacturing properties
- APN
- 089058P G 01700
- APU
- 089058PG01700
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,105,000
- 6.5%
- $5,990,000
- 7%
- $6,530,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,430,000
- Geo Method
- $6,140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,605,000
- Retail
- $7,150,000
- Mixed-Use
- $6,015,000
- Hospitality
- $6,415,000
- Educational
- $7,250,000
- Residential Income
- $7,370,000
- Energy
- $5,930,000
- Income-Based Land
- $5,795,000
- Food Service
- $6,070,000
Location Insight
- Map
- Local Demand
- City
- Mcminnville
- County
- Warren
- State
- Tennessee
- Longitude
- -85.7602
- Latitude
- 35.6926
- CBSA code
- 32660
- CBSA name
- MCMINNVILLE, TN MICROPOLITAN STATISTICAL AREA
