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265 Warehouse Rd Morrison, TN 37357-7704

OFF-MARKET Commercial real estate Google Maps
40,000 SF 5.62 ac lot Built 1999
Individually Owned 4-yr Hold Free & Clear
Estimated value (blended)
$960k
Range $864k – $1.06M (±10%)
Property ID US80-1823699

Property summary

AI-generated overview

This exceptional investment opportunity presents a 40,000-square-foot warehouse situated on a 4-acre lot in Morrison, Tennessee, at 265 Warehouse Rd, zip code 37357. Built in 2003, this vacant industrial property boasts two units and is zoned CI, offering significant flexibility for various uses. The warehouse features four loading docks and two dock-high doors, ensuring efficient loading and unloading operations. Ceiling heights vary, with 15,000 square feet offering 20-foot clearance and 25,000 square feet providing 24-foot clearance. This spacious layout is easily divisible, making it ideal for multiple tenants or a single large operation. The property's ample size and strategic location in Warren County, Tennessee, present a compelling investment opportunity for service, light industrial, or warehousing businesses. The asking price is $2,280,000. While previously leased, the property is currently vacant and ready for immediate occupancy.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1999
Construction FRAME
Total area 40,000 SF
Lot 5.62 ac (244,807 SF)
APN 089097 00513
UPID US80-1823699

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
  • Factory Industrial Manufacturer
  • Building Supply Electrical Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$960k

Owner & transaction history

since 2022
1 recorded transaction
2022
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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