Listing Agency: Brackfield & Associates, Llc Show Phone

Listed By: Buddy Brackfield · License #249283 Show Phone

Source: Moodyscre

Added: Jul 9, 2025 Changed: Oct 4 Last Checked: Oct 9 at 8:53PM

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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 Brackfield & Associates, Llc

Investment Insights

Based on property information with market context.

This commercial property features versatile CA zoning and includes office areas, warehousing, storage space, and a large fenced yard. Recent updates have been made to the facility. The property is suited for professional services or a medical office. It includes 2,035 square feet of office space and 2,508 square feet of warehouse and storage space. The property is situated on 1.38 acres of secured and fenced land. The total property size is 4,543 square feet.

Key Highlights

• Versatile CA zoning suitable for various commercial uses.
• Combination of office (2,035 SF) and warehouse/storage space (2,508 SF).
• Large, secure, and fenced 1.38‑acre property.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,411

Cap Rate

5.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$788,220 $788.2K

Cap Rate 7%

$563,014 $563.0K

Cap Rate 9%

$437,900 $437.9K

Market Conditions

NOI Build-Up for 4,543 SF

Gross rent

$49.1K $10.80/SF

− Vacancy

−$2.7K −$0.59/SF

EGI

$46.4K $10.21/SF

− OpEx

−$7.0K −$1.53/SF

NOI

$39.4K $8.68/SF

Area

Knox County, TN

Vacancy

5.50%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$788,220

Cap Rate 7%

$563,014

Cap Rate 9%

$437,900

Alternative Uses

Best Use

Office B

$972.4K

$850.9K – $1.13M (±1% cap)

NOI $68,069 @ 7.0% cap · market cap 9.73%

Second Best

Warehouse

$563.0K

$492.6K – $656.9K (±1% cap)

NOI $39,411 @ 7.0% cap · market cap 5.63%

Theoretical Best

Office A

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,434 @ 7.0% cap · market cap 11.78%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Clark Recovery Auto Repair Shop Hooah Commercial Solutions Hardware & Home Improvement

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

29

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Warehouse - Commercial property with office, warehouse space, and fenced yard.

Where is this warehouse located?

The property is located at 10022 Rutledge Pike Corryton, TN.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: Versatile CA zoning suitable for various commercial uses.; Combination of office (2,035 SF) and warehouse/storage space (2,508 SF).; Large, secure, and fenced 1.38‑acre property.