Remodeled Two-Level Office
128 Motel Dr Wartburg, TN 37887
For Sale
Contact for pricing
Turnkey, completely remodeled 4-suite property with new HVAC, updated bathrooms, and separate basement entrance.
Property Size1,666 SF
Price / SF$158.76
Days on Market51
Property Features for 128 Motel Dr
General Information
- Standard status
- Active
- Size
- 1,666 SF
- Property subtype
- OFFICE
Listing Agency:
The Real Estate Firm
(865) 679-7201
Listed By:
Beatrice Carter
(865) 679-7201
Source:
Moodyscre
Added: Jun 3
Changed: Jul 23
Last Checked: Jul 23 at 8:22AM
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 The Real Estate Firm
Investment Insights
Based on property information with market context.
This completely remodeled two-level property is ready for immediate occupancy and offers a 4-suite, 3-bath configuration. The building was taken down to the studs and rebuilt with everything new, including flooring, interior doors and trim, HVAC, kitchens, lighting, bathrooms, siding, roof, windows, plumbing, electrical, and gutters. It also includes a separate entrance to the basement.
The property is zoned B-1 (Neighborhood Business District) and is described as being conveniently located in the heart of Wartburg.
With its multi-suite layout and basement access via a separate entrance, the space is designed to support flexible use as office space or as an income-producing property.
The property is zoned B-1 (Neighborhood Business District) and is described as being conveniently located in the heart of Wartburg.
With its multi-suite layout and basement access via a separate entrance, the space is designed to support flexible use as office space or as an income-producing property.
Key Highlights
- Completely remodeled, move‑in ready 4‑suite property in Wartburg
- Zoned B‑1 (Neighborhood Business District) for mixed use, rental, office, or short‑term use
- All new HVAC plus updated kitchen, lighting, flooring, interior doors and trim
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 | $35.0k | $21.00 |
| − Vacancy | −$5.6k | −$3.36 |
| EGI | $29.4k | $17.64 |
| − OpEx | −$7.3k | −$4.41 |
| NOI | $22.0k | $13.23 |
1,666 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$314.9K
$275.5K – $367.4K
NOI $22,041 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$213.6K
$186.9K – $249.2K
NOI $14,951 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$412.6K
$361.1K – $481.4K
NOI $28,884 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Turnkey, completely remodeled 4-suite property with new HVAC, updated bathrooms, and separate basement entrance.
Where is this office units located?
The property is located at 128 Motel Dr Wartburg, TN.
What is the asking price?
The asking price for this property is $264,500.
What are key features of this property?
This property features: Completely remodeled, move‑in ready 4‑suite property in Wartburg; Zoned B‑1 (Neighborhood Business District) for mixed use, rental, office, or short‑term use; All new HVAC plus updated kitchen, lighting, flooring, interior doors and trim
