Metal-Wrapped Flex
100 Commerce St N Adams, TN 37010
100 Commerce St N, Adams, TN, 37010
$318,500
For Sale
$318,500
Newly completed metal-wrapped building with shop HVAC, 3 garage doors, and a dedicated office with bath and kitchenette.
Property Size2,376 SF
Price / SF$134.05
Days on Market195
Property Features for 100 Commerce St N
General Information
- Standard status
- Active
- Size
- 2,376 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2024
Listing agency
APEX REALTY & AUCTION, LLC
(615) 543-4919
Listed by
Helen White Balthrop
(615) 543-4919
Source
Firstrealty
Added: Jan 8 Updated: Jul 22 at 6:25PM Checked: Jul 22 at 6:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of APEX REALTY & AUCTION, LLC
Investment Insights
Based on property information with market context.
This newly completed metal-wrapped flex warehouse was finished in May 2024 and offers a flexible interior layout designed to support a range of business uses. The property includes an office measuring 10 by 13 with a kitchenette, full bath, and custom cabinets. Shop finishes include R-19 walls and R-30 ceilings, with OSB interior walls. Ceiling height is approximately 12 feet 4 inches, and the building is served by HVAC in both the shop and the office.
The facility has three 10 by 10 garage doors and an on-site parking area measuring 73 by 27. Power is provided with two 200-amp electric services (single phase), with three phase available at the road. High-speed internet is available via Cumberland Connect.
The building footprint is 36 by 66, supporting practical operations alongside the on-site office area.
The facility has three 10 by 10 garage doors and an on-site parking area measuring 73 by 27. Power is provided with two 200-amp electric services (single phase), with three phase available at the road. High-speed internet is available via Cumberland Connect.
The building footprint is 36 by 66, supporting practical operations alongside the on-site office area.
Key Highlights
- Metal‑wrapped building completed May 2024 (Year built: 2024) with flexible layout for a variety of businesses
- Building size: 36 x 66 SF with a 10 x 13 office plus HVAC in both the shop and office
- Office includes kitchenette, full bath, and custom cabinets
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $18.00 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $40.6k | $17.10 |
| − OpEx | −$14.2k | −$5.98 |
| NOI | $26.4k | $11.11 |
2,376 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$377.3K
$330.1K – $440.2K
NOI $26,409 @ 7.0% cap · market cap 8.29%
Second Best
Warehouse
$326.2K
$285.4K – $380.6K
NOI $22,834 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$696.5K
$609.5K – $812.6K
NOI $48,756 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Newly completed metal-wrapped building with shop HVAC, 3 garage doors, and a dedicated office with bath and kitchenette.
Where is this flex space located?
The property is located at 100 Commerce St N Adams, TN.
What is the asking price?
The asking price for this property is $318,500.
What are key features of this property?
This property features: Metal‑wrapped building completed May 2024 (Year built: 2024) with flexible layout for a variety of businesses; Building size: 36 x 66 SF with a 10 x 13 office plus HVAC in both the shop and office; Office includes kitchenette, full bath, and custom cabinets
