2245 Boyds Creek Hwy, Sevierville, TN 37876
New self-storage operation with climate-controlled units and flex buildings.
- Added:
- Dec 31, 2024
- Days on Market:
- 543
- Last Refresh:
- Mar 16 at 1:08 pm
Property Features for 2245 Boyds Creek Hwy
General Information
- Standard status
- Active
- Size
- 32,030 SF
- Property subtype
- Self Storage
Building Details
- Year Built
- 2024
Listing office United Real Estate Solutions Knoxville (865) 205-9353
Listing date Dec 31, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Solutions Knoxville
HighLights
- New Construction opened January 2025, with Phase II Expansion now complete.
- 92 of 248 units are currently rented and growing.
- Seller Financing Available up to $1 million.
- Strategic Location: Benefit from no climate‑controlled competition within 30 minutes, situated across from a large housing development with over 1,000 homes.
- Fully Automated Software for Hands‑Free Operation.
- Two buildings offer flexibility, and the largest building features extra‑tall interior height, ideal for potential commercial conversion.
Overview
Local Financial Insights For Industrial
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 | $461.2k | $14.40 |
| − Vacancy | −$20.3k | −$0.63 |
| EGI | $440.9k | $13.77 |
| − OpEx | −$132.3k | −$4.13 |
| NOI | $308.7k | $9.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sevierville
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.6816058
- Latitude
- 35.9105349