Retail Flex Showroom with Roll-Up
1345 Callahan Dr Knoxville, TN 37912
For Sale
$3,000,000
A showroom-forward flex building with roll-up garage bays and office support for service, light industrial, or display use.
Property Size13,920 SF
Price / SF$215.52
Days on Market45
Property Features for 1345 Callahan Dr
General Information
- Standard status
- Active
- Size
- 13,920 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2007
Listing Agency:
SVN Wood Properties
(865) 309-6272
Listed By:
Matthew Strother · License #369177
(865) 309-6272
Source:
Svnwood
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 23 at 5:20AM
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 SVN Wood Properties
Investment Insights
Based on property information with market context.
This retail/flex building is designed to support both customer-facing showroom activity and day-to-day operations. The upgraded showroom features 12’–14’ ceiling heights, providing an open environment for retail display, contractor sales, service use, light industrial work, or distribution. The interior also includes four offices, four restrooms, and a break room/kitchenette. At the rear, there are two garage bays equipped with roll-up doors and 12’ clear heights.
The property is located on Callahan Drive and offers approximately 150 feet of frontage. The site is described as having traffic counts of 23,000 VPD, with convenient access to Interstate 75 approximately one mile away, where traffic is described as 86,000 VPD.
For buyers seeking a flexible space that can handle both showroom and operational functions, the combination of high-ceiling showroom area, office and restroom amenities, and rear roll-up bays supports multiple use profiles. It may be suitable for users looking for space that accommodates retail display or service activities while maintaining loading or service access at the rear.
The property is located on Callahan Drive and offers approximately 150 feet of frontage. The site is described as having traffic counts of 23,000 VPD, with convenient access to Interstate 75 approximately one mile away, where traffic is described as 86,000 VPD.
For buyers seeking a flexible space that can handle both showroom and operational functions, the combination of high-ceiling showroom area, office and restroom amenities, and rear roll-up bays supports multiple use profiles. It may be suitable for users looking for space that accommodates retail display or service activities while maintaining loading or service access at the rear.
Key Highlights
- 13,920 SF retail/flex building built in 2007
- 150 ft of frontage on Callahan Drive with 23,000 VPD traffic counts
- Located 1 mile from I‑75 (86,000 VPD) for convenient access
Financial Insights For Retail
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 | $300.7k | $21.60 |
| − Vacancy | −$15.0k | −$1.08 |
| EGI | $285.6k | $20.52 |
| − OpEx | −$85.7k | −$6.16 |
| NOI | $199.9k | $14.36 |
13,920 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.86M
$2.50M – $3.33M
NOI $199,947 @ 7.0% cap · market cap 6.66%
Second Best
Flex RnD
$1.73M
$1.51M – $2.02M
NOI $121,171 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$3.45M
$3.02M – $4.02M
NOI $241,339 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Performance Products
Auto Parts Store
FAQs
What type of property is this?
Flex space - A showroom-forward flex building with roll-up garage bays and office support for service, light industrial, or display use.
Where is this flex space located?
The property is located at 1345 Callahan Dr Knoxville, TN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 13,920 SF retail/flex building built in 2007; 150 ft of frontage on Callahan Drive with 23,000 VPD traffic counts; Located 1 mile from I‑75 (86,000 VPD) for convenient access
