Versatile Retail and Office
10251 Chapman Hwy Seymour, TN 37865
10251 Chapman Hwy, Seymour, TN, 37865
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For Sale
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For-sale commercial property offering flexible retail, office, or service use with additional unfinished storage in the basement.
Property Size2,150 SF
Price / SF$162.79
Days on Market114
Property Features for 10251 Chapman Hwy
General Information
- Standard status
- Active
- Size
- 2,150 SF
- Property subtype
- Office, Retail, Special Purpose
Building Details
- Year Built
- 1948
Listing agency
MG Rise Real Estate Group
(423) 273-0865
Listed by
Rob Carpenter · License #TN 342398
Source
Crexi
Added: Mar 31 Updated: Jul 21 at 5:34PM Checked: Jul 21 at 5:34PM
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 MG Rise Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale commercial property offers versatile space suited for retail, office, or service-based businesses. The building includes additional unfinished storage in the basement, providing extra utility for day-to-day operations or inventory support.
The property is located at 10251 Chapman Hwy in Seymour, TN, in a high-traffic, high-visibility commercial corridor. Public remarks indicate the area is surrounded by established businesses, national retailers, and dense residential neighborhoods, contributing to strong daily traffic.
The available space is positioned for tenants seeking a single location that can support multiple commercial concepts, with the added benefit of basement storage for supplemental use.
The property is located at 10251 Chapman Hwy in Seymour, TN, in a high-traffic, high-visibility commercial corridor. Public remarks indicate the area is surrounded by established businesses, national retailers, and dense residential neighborhoods, contributing to strong daily traffic.
The available space is positioned for tenants seeking a single location that can support multiple commercial concepts, with the added benefit of basement storage for supplemental use.
Key Highlights
- Commercial property built in 1948, offering flexible space for retail, office, or service use
- Suitable for business types such as retail boutique, professional office, medical practice, salon/spa, fitness studio, or specialty services
- Includes additional unfinished storage space in the basement
Local Financial Insights For Office B
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 | $49.5k | $23.04 |
| − Vacancy | −$8.9k | −$4.15 |
| EGI | $40.6k | $18.89 |
| − OpEx | −$10.2k | −$4.72 |
| NOI | $30.5k | $14.17 |
2,150 SF · lease $23.04/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$435.2K
$380.8K – $507.8K
NOI $30,465 @ 7.0% cap · market cap 8.70%
Second Best
Retail
$375.8K
$328.8K – $438.4K
NOI $26,304 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$906.7K
$793.4K – $1.06M
NOI $63,468 @ 7.0% cap · market cap 18.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For-sale commercial property offering flexible retail, office, or service use with additional unfinished storage in the basement.
Where is this retail space located?
The property is located at 10251 Chapman Hwy Seymour, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial property built in 1948, offering flexible space for retail, office, or service use; Suitable for business types such as retail boutique, professional office, medical practice, salon/spa, fitness studio, or specialty services; Includes additional unfinished storage space in the basement
