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    241 Industrial Park Rd Mountain City, TN 37683

    Sponsored
    Picture of Warehouses at Industrial Park Rd 241, Mountain City, TN
    For Sale
    $4,150,000

    COMMERCIAL - Mountain City, TN

    Property size:
    55,000 SF
    Lot size:
    13.92 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 19 at 10:06 pm

    Property Features for 241 Industrial Park Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    053 07106 001
    Parking
    10
    Size
    55,000 SF
    Lot size
    13.92 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Private Sewer, Public Sewer
    Heating system
    Central
    Cooling system
    Heat Pump, Central Air
    Water source
    Public

    Building Details

    Year built
    2001
    Building materials
    Concrete, Metal Siding, Stone Veneer
    Roof type
    Metal

    We can help!

    Listing Contact
    Alex Cooley

    Greater Kingsport Realty (423) 433-6500

    Listing agent Alex Cooley (423) 723-9530 License #337588

    Listing date Feb 17, 2026

    MLS# 9991038

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mountain City Commercial Warehouse Property

    This large-scale commercial warehouse property is situated on 13.92 acres of commercially zoned land, offering 360-degree mountain views. The warehouse provides approximately 50,000 square feet of space, including roughly 20,000 square feet of reinforced six-inch concrete flooring. The building features high-clearance ceilings, an 18-wheeler loading dock, and dedicated office space, making it suitable for logistics, distribution, equipment storage, or other industrial uses. The property is located within a designated HubZone and currently supports an established national business. Nearly 10 acres remain available for future expansion, supported by four existing retention ponds and level terrain ideal for additional structures or phased development. A helicopter pad on-site provides efficient access. Attached to the warehouse is a 5,500 square foot custom-built residential unit that was originally constructed as a showroom and later converted into a four-bedroom, four-bath residence. The space features vaulted ceilings with custom beams, granite countertops, rainfall showers, a sauna, fitness area, game room, and a large private rear porch. Gated access and mature trees provide privacy, making the residence ideal for an owner-operator, executive housing, or on-site management. The property is located in Mountain City, TN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Star LED Big Box & Wholesale Store

    Suggested Use

    Restaurant Auto Repair Shop Storage Facility Arcade & Gaming Center Restaurant (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Doe Park Storage, Copper Safe Storage, Doe Valley Store-All

    Location Insight

    • Map
    • Local Demand
    City
    Mountain City
    County
    Johnson
    State
    Tennessee
    Longitude
    -81.881455
    Latitude
    36.450751

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    FAQs

    What type of property is this?
    Warehouse - Large commercial warehouse with residential unit and development potential.
    Where is this warehouse located?
    The property is located at 241 Industrial Park Rd Mountain City, TN.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: - 13.92 acres of commercially zoned land with development potential (nearly 10 acres available).; - **50,000 sq ft warehouse with 20,000 sq ft reinforced concrete flooring, high-clearance ceilings, and 18-wheeler loading dock.**; - **5,500 sq ft custom-built residential unit (4-bed, 4-bath) attached to the warehouse, suitable for owner-operator or executive housing.**
    (423) 723-9530
    Request Owner's contact information
    241 Industrial Park Rd Mountain City, TN 37683
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    Mountain City, TN 37683
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    241 Industrial Park Rd Mountain City, TN 37683
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    We can help!
    Listing Contact
    Alex Cooley
    Real Estate License ID: 337588
    (423) 723-9530
    Learn more
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