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    3323 Cosby Hwy Cosby, TN 37722

    View on Map
    Sponsored
    For Sale
    $1,525,000

    COMMERCIAL - Cosby, TN

    Property size:
    20,835 SF
    Lot size:
    2.11 Acres
    Days on Market:
    65
    Last Refresh:
    Mar 19 at 2:06 pm

    Property Features for 3323 Cosby Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    Commercial
    APN
    102 02700 000
    Parking
    20
    Parking features
    Driveway
    Size
    20,835 SF
    Lot size
    2.11 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1967
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block

    We can help!

    Listing Contact
    Randy Bable

    10 Realty, LLC (865) 216-8011

    Listing agent Randy Bable (865) 364-6868

    Listing date Jan 13, 2026

    MLS# 309703

    Copyright © 2026 Great Smoky Mountains Association of Realtors. 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

    Income-Producing Storage Facility For Sale

    This property offers a self-storage facility located on Cosby Highway (US-321), a corridor connecting I-40 to Gatlinburg. The single-story building spans 20,835 square feet on a 2.11-acre lot and features 126 interior, climate-controlled storage units. The unit mix is weighted toward 10x10 and 10x20 sizes. All units are secured with controlled interior access. In addition to the storage operation, the property includes a separately leased front office space generating $1,200 per month ($14,400 annually). The office tenant pays only the utilities they use, minimizing landlord expenses. The current office lease expires April 16, 2026. The existing building occupies approximately two-thirds of the parcel, leaving land available for future development. A new owner could expand the facility with additional climate-controlled units, drive-up storage, or RV/boat storage. The property is located across from Cosby High School and Cosby Elementary School. Demand is driven by local residents, contractors, short-term rental owners, cabin maintenance companies, and seasonal tourism workers supporting the Gatlinburg and Smoky Mountains region. This offering is suited for self-storage owner-operators, regional or expanding storage groups, and private investors seeking stable cash flow with upside. The property is located in Cosby, Tennessee.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cosby Storage Storage Facility

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Storage Facility (Bike/Boat/Book/etc) Store Barber Shop Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cosby
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.225774
    Latitude
    35.842462

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    FAQs

    What type of property is this?
    Self storage facility - Stabilized self-storage facility with expansion potential in East Tennessee.
    Where is this self storage facility located?
    The property is located at 3323 Cosby Hwy Cosby, TN.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: - Prime Location: Situated on Cosby Highway (US-321), a major route with high visibility.; - Income-Producing with Upside: Stabilized self-storage facility with immediate cash flow.; - Expansion Potential: Value-add opportunity with highway-frontage land for developing additional storage units.
    (865) 364-6868
    Request Owner's contact information
    3323 Cosby Hwy Cosby, TN 37722
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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
    3323 Cosby Hwy Cosby, TN 37722
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    We can help!
    Listing Contact
    Randy Bable
    (865) 364-6868
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