Flex Warehouse with Drive-Up
For Sale
Contact for pricing
1300 McCalla Ave, Knoxville, TN 37915
Flex warehouse with drive-in garage bay, connected apartment/office space, and nearby access to major Knoxville corridors.
Property Size3,500 SF
Lot Size0.20 Acres
Price / SF$271.43
Days on Market135
Property Features for 1300 McCalla Ave
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.20 Acres
Property subtype
INDUSTRIAL
Additional Details
Drive-In Doors
1
Service Bays
1
Listing Agency:
Oliver Smith Realty & Development Company
(865) 584-2000
Listed By:
Will Sims
Source:
Moodyscre
Added: Jun 16
Changed: Oct 27
Last Checked: Oct 28 at 6:35AM
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 Oliver Smith Realty & Development Company
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Investment Insights
Based on property information with market context.
This flex warehouse includes a drive-in single garage bay with a drive-up single garage door, plus connected apartment/office space. With approximately 3,500 square feet on a 0.2-acre site, the property is set up for users who want an integrated work and live or office configuration.
The property is adjacent to Covenant Health Park Stadium. Traffic counts noted for the area include 131,685 vehicles on I-40, 38,379 along James White Parkway, and 11,832 on Summit Hill Drive SE. Nearby retail and activity include Covenant Health Park and Pellissippi State Community College’s Magnolia Avenue Campus, along with businesses such as Likewise Coffee, Barley’s Taproom, Melting Pot, Lonesome Dove, and The Mill and Mine.
The property is adjacent to Covenant Health Park Stadium. Traffic counts noted for the area include 131,685 vehicles on I-40, 38,379 along James White Parkway, and 11,832 on Summit Hill Drive SE. Nearby retail and activity include Covenant Health Park and Pellissippi State Community College’s Magnolia Avenue Campus, along with businesses such as Likewise Coffee, Barley’s Taproom, Melting Pot, Lonesome Dove, and The Mill and Mine.
Key Highlights
- ±3,500 SF flex warehouse on 0.2 acres
- Drive‑in single garage bay with a drive‑up single garage door
- Connected apartment/office space on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,467
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,340
$609.3K
Cap Rate 7%
$435,243
$435.2K
Cap Rate 9%
$338,522
$338.5K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$50.4K $14.40/SF
− Vacancy
−$3.5K −$1.01/SF
EGI
$46.9K $13.39/SF
− OpEx
−$16.4K −$4.69/SF
NOI
$30.5K $8.70/SF
Area
Knoxville, TN
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,340
Cap Rate 7%
$435,243
Cap Rate 9%
$338,522
Alternative Uses
Best Use
Flex RnD
$435.2K
$380.8K – $507.8K
NOI $30,467 @ 7.0% cap · market cap 3.21%
Second Best
Warehouse
$433.8K
$379.5K – $506.1K
NOI $30,363 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$866.9K
$758.5K – $1.01M
NOI $60,682 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
1
Service bays
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 37915, TN
5,509
Population
3,722
Households
1.5
Avg Household Size
33
Median Age
17%
College-Educated
76%
High-School Grad
1.9 sq mi
ZIP Area
2,899
Density / Sq Mi
$22,236
Median Household Income
$29,433
Median Earnings
$519
Median Rent
$206,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Just Desserts Caterers — 300 Randolph St, Knoxville, TN 37917
- NeverFull Waffles — 2004 E Magnolia Ave, Knoxville, TN 37917
- Happy Days LLC — 2004 E Magnolia Ave, Knoxville, TN 37917
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse with drive-in garage bay, connected apartment/office space, and nearby access to major Knoxville corridors.
Where is this flex space located?
The property is located at 1300 McCalla Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: ±3,500 SF flex warehouse on 0.2 acres; Drive‑in single garage bay with a drive‑up single garage door; Connected apartment/office space on site
