Property profile

208 Charles Ralph Dr Springfield, TN 37172

OFF-MARKET
Manufacturing properties
Property ID
US80-1152595
5,856 SF 2.39 ac lot Built 2000
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,808-square-foot manufacturing facility in Springfield, Tennessee, presents a unique investment opportunity. Built in 1999, the property boasts a 12-foot ceiling height and one dock-high door, ideal for efficient operations. Situated on a spacious 2.39-acre lot, it offers ample parking with 12 spaces and a low coverage ratio of 5.48%, providing room for expansion or future development. The building is zoned for Restrictive Industrial use and is priced at $750,000, or $129.13 per square foot. Its strategic location offers easy access to major transportation arteries, being within a 40-minute drive of Nashville and a 25-minute drive to both I-65 and I-24 interstates. The property's size and location represent a rare opportunity in a market with limited industrial inventory, making it attractive to both owner-occupiers and investors seeking a strong return. The single-tenant occupancy ensures ease of management. This property offers a compelling combination of size, location, and functionality, making it an ideal choice for a variety of manufacturing businesses.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2000
Total area 5,856 SF
Lot 2.39 ac (104,108 SF)
APN 074069 01300
UPID US80-1152595

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
  • Industrial Manufacturer Factory

Location

208 Charles Ralph Dr Springfield, TN 37172-5879
Springfield metro Census 80500 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2009
1 recorded transaction
2009
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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