Versatile Retail and Office
For Sale
Contact for pricing
Pending
10251 Chapman Hwy, Seymour, TN 37865
For-sale commercial property offering flexible retail, office, or service use with additional unfinished storage in the basement.
Property Size2,150 SF
Days on Market159
Property Features for 10251 Chapman Hwy
General Information
Standard status
Pending
Size
2,150 SF
Property subtype
Office, Retail, Special Purpose
Zoning
C
Building Details
Year Built
1948
Year Renovated
2019
Buildings
1
Listing Agency:
MG Rise Real Estate Group
Listed By:
Rob Carpenter · License #TN 342398
(423) 273-0865
Source:
Crexi
Added: Mar 31
Changed: Aug 14
Last Checked: Aug 14 at 7:46AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,465
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$609,300
$609.3K
Cap Rate 7%
$435,214
$435.2K
Cap Rate 9%
$338,500
$338.5K
Market Conditions
NOI Build-Up for 2,150 SF
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.
Gross rent
$49.5K $23.04/SF
− Vacancy
−$8.9K −$4.15/SF
EGI
$40.6K $18.89/SF
− OpEx
−$10.2K −$4.72/SF
NOI
$30.5K $14.17/SF
Area
Sevier County, TN
Vacancy
18.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$609,300
Cap Rate 7%
$435,214
Cap Rate 9%
$338,500
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 37865, TN
22,567
Population
10,329
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
93%
High-School Grad
73.3 sq mi
ZIP Area
308
Density / Sq Mi
$88,410
Median Household Income
$43,269
Median Earnings
$1,351
Median Rent
$276,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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
