Flex Space with Drive-In
1411 N 6th Ave, Knoxville, TN 37917
For Sale
New
Contact for pricing
An occupied industrial property combines warehouse, office, and support areas under an existing NNN lease.
Property Size3,806 SF
Price / SF$177.35
Days on Market4
Property Features for 1411 N 6th Ave
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Drive-In Doors
Additional Details
Asking Price
Tenant in Place
Property Use
Building Details
Building Size
Listing Agency:
PWA Properties
(865) 233-6441
Listed By:
Peyton Hyatt · License #374801
(865) 244-6884
Source:
Moodyscre
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:28PM
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 PWA Properties
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Investment Insights
Based on property information with market context.
This 3,806-square-foot flex property includes 2,234 square feet of warehouse area, reception space, a conference room or private office, kitchenette, two restrooms, a shower, and attached storage. Warehouse access is provided by a 12-foot-wide by 10-foot-high drive-in door. Improvements include new office flooring, interior and exterior paint, updated light fixtures, a new kitchen, and a new HVAC system.
The building is zoned I-G General Industrial and sits near the North Broadway corridor in Knoxville. Downtown Knoxville, I-40, I-640, and Hall of Fame Drive are accessible from the property.
The tenant-occupied building is leased on a triple-net basis, with a scheduled lease expiration in September 2031, subject to the tenant’s early termination option.
The building is zoned I-G General Industrial and sits near the North Broadway corridor in Knoxville. Downtown Knoxville, I-40, I-640, and Hall of Fame Drive are accessible from the property.
The tenant-occupied building is leased on a triple-net basis, with a scheduled lease expiration in September 2031, subject to the tenant’s early termination option.
Key Highlights
- 3,806‑square‑foot building with 2,234 square feet of warehouse space
- 12′ wide × 10′ high drive‑in door
- I‑G General Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,130
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,600
$662.6K
Cap Rate 7%
$473,286
$473.3K
Cap Rate 9%
$368,111
$368.1K
Market Conditions
NOI Build-Up for 3,806 SF
Gross rent
$54.8K $14.40/SF
− Vacancy
−$3.8K −$1.01/SF
EGI
$51.0K $13.39/SF
− OpEx
−$17.8K −$4.69/SF
NOI
$33.1K $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%
$662,600
Cap Rate 7%
$473,286
Cap Rate 9%
$368,111
Alternative Uses
Best Use
Flex RnD
$473.3K
$414.1K – $552.2K
NOI $33,130 @ 7.0% cap · market cap 4.91%
Second Best
Warehouse
$471.7K
$412.7K – $550.3K
NOI $33,017 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$942.7K
$824.8K – $1.10M
NOI $65,987 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Dega Catering — 711 Irwin St, Knoxville, TN 37917
- Bradford Catered Events — 922 N Central 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 - An occupied industrial property combines warehouse, office, and support areas under an existing NNN lease.
Where is this flex space located?
The property is located at 1411 N 6th Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,806‑square‑foot building with 2,234 square feet of warehouse space; 12′ wide × 10′ high drive‑in door; I‑G General Industrial zoning
