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33,840 sq ft Warehouse Plus Rental Home 1208 SW 33,840 SF Industrial Building Cleveland, TN 37311 $2,500,000 ($73.88/SF) 7.58% Cap Rate
Investment Highlights
- 1208 Smith Dr SW located on +/- 3.20 acres
- 33,840 square foot Warehouse with 24 ft Eaves
- The Warehouse is heated but no AC
- 6 drive in doors 14 feet each and 6 Walk in Doors
- Also available separately is the adjacent property a 1213 Cedar Lane SW., an income producing, 3 bed/2/bath approx. 2, 000 sq ft for $275,000
- Lease Option Available Estimated Monthly Rent $18,330
Executive Summary
Industrial Warehouse | For Sale or Lease – Cleveland, TN
1208 Smith Dr SW, Cleveland, TN 37311
33,880± SF clear-span industrial warehouse located in Cleveland’s established industrial corridor. Ideal for an owner-user, investor, or tenant seeking flexible industrial or storage space with strong access and expansion potential.
Property Highlights
33,880± SF clear-span warehouse
6 drive-in doors (14’) + 6 walk-in entries
~24’ eave height
Situated on 3.20± acres
Single-phase power (3-phase available at pole)
Gas heat + overhead sprinklers
Public water & sewer available
No existing restroom or kitchen facilities
Room for expansion on-site
Sale Price
$2,500,000 (real estate only)
Lease Rate
$6.50 PSF NNN
Optional Adjacent Property (Separate Purchase)
1213 Cedar Lane SW – $275,000
3BR / 2BA | ~2,000± SF
0.48± acres | City sewer
Currently leased at $1,400/month
Important
Property is offered as land and improvements only. No business is included. No financials, rent rolls, or operating data will be provided.
Showing Instructions
By appointment only. Listing agent must accompany.
1208 Smith Dr SW, Cleveland, TN 37311
33,880± SF clear-span industrial warehouse located in Cleveland’s established industrial corridor. Ideal for an owner-user, investor, or tenant seeking flexible industrial or storage space with strong access and expansion potential.
Property Highlights
33,880± SF clear-span warehouse
6 drive-in doors (14’) + 6 walk-in entries
~24’ eave height
Situated on 3.20± acres
Single-phase power (3-phase available at pole)
Gas heat + overhead sprinklers
Public water & sewer available
No existing restroom or kitchen facilities
Room for expansion on-site
Sale Price
$2,500,000 (real estate only)
Lease Rate
$6.50 PSF NNN
Optional Adjacent Property (Separate Purchase)
1213 Cedar Lane SW – $275,000
3BR / 2BA | ~2,000± SF
0.48± acres | City sewer
Currently leased at $1,400/month
Important
Property is offered as land and improvements only. No business is included. No financials, rent rolls, or operating data will be provided.
Showing Instructions
By appointment only. Listing agent must accompany.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Utilities
- Lighting
- Water - City
- Heating - Gas
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 057B-K-001.03 | Total Assessment | $372,000 |
| Land Assessment | $177,560 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $194,440 | Tax Year | 2025 |
Property Taxes
Parcel Number
057B-K-001.03
Land Assessment
$177,560
Improvements Assessment
$194,440
Total Assessment
$372,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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33,840 sq ft Warehouse Plus Rental Home | 1208 SW
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