Fenced Warehouse
For Sale
$1,500,000
116 Old Thomas Bridge Road, Bluff City, TN 37618
Commercial Sale, Bluff City, TN
Property Size18,520 SF
Lot Size3.31 Acres
Price / SF$80.99
Days on Market799
Property Features for 116 Old Thomas Bridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3
Directions
From Bristol Motor Speedway. Turn onto Old Thomas Bridge Road. Property is on right.
Subdivision
107 - Blountville
Standard status
Active
APN
067 059.00
Size
18,520 SF
Lot size
3.31 Acres
Taxes and HOA fees
Tax Annual Amount
5038
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Building Details
Year built
1969
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Hurd Realty, LLC
(423) 491-8335
Listed By:
Grant Honeycutt · License #353034
(423) 895-2070
Added: Jul 21, 2024
Changed: Sep 5
Last Checked: Sep 27 at 11:06AM
MLS# 9968888
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property includes an 18,520-square-foot metal-sided building on 3.31 acres. The site is fenced and features a metal roof, central air, public water, and a septic tank. Constructed in 1969, the building provides a substantial footprint for inventory and operating functions.
The property is located at 116 Old Thomas Bridge Road in Bluff City, across from Bristol Motor Speedway and near Highway 19 and Highway 11E. Reported traffic volume is 18,456 vehicles daily. The sale also includes inventory and a transferable business license, providing a path for continuation of the existing automotive parts operation.
The property is located at 116 Old Thomas Bridge Road in Bluff City, across from Bristol Motor Speedway and near Highway 19 and Highway 11E. Reported traffic volume is 18,456 vehicles daily. The sale also includes inventory and a transferable business license, providing a path for continuation of the existing automotive parts operation.
Key Highlights
- 18,520‑square‑foot warehouse on 3.31 acres
- Fenced site with metal siding and metal roof
- Across from Bristol Motor Speedway
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
$122,665
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
8.18%
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%
$2,453,300
$2.5M
Cap Rate 7%
$1,752,357
$1.8M
Cap Rate 9%
$1,362,944
$1.4M
Market Conditions
NOI Build-Up for 18,520 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
$184.5K $9.96/SF
− Vacancy
−$9.2K −$0.50/SF
EGI
$175.2K $9.46/SF
− OpEx
−$52.6K −$2.84/SF
NOI
$122.7K $6.62/SF
Area
Sullivan County, TN
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,453,300
Cap Rate 7%
$1,752,357
Cap Rate 9%
$1,362,944
Alternative Uses
Best Use
Retail
$4.09M
$3.58M – $4.77M
NOI $286,146 @ 7.0% cap · market cap 19.08%
Second Best
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,951 @ 7.0% cap · market cap 9.93%
Theoretical Best
Office A
$6.94M
$6.07M – $8.09M
NOI $485,479 @ 7.0% cap · market cap 32.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
18,456 VPD
Traffic count
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37618, TN
12,729
Population
6,250
Households
2
Avg Household Size
47
Median Age
17%
College-Educated
88%
High-School Grad
69.3 sq mi
ZIP Area
184
Density / Sq Mi
$58,413
Median Household Income
$37,003
Median Earnings
$880
Median Rent
$174,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Metal-sided warehouse with central air, fenced grounds, and public water service in a high-traffic commercial setting.
Where is this warehouse located?
The property is located at 116 Old Thomas Bridge Road Bluff City, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 18,520‑square‑foot warehouse on 3.31 acres; Fenced site with metal siding and metal roof; Across from Bristol Motor Speedway
