Mixed-Use Property with Commercial
For Sale
$225,000
15446 Highway 28, Whitwell, TN 37397
A mobile home sits behind a commercial garage positioned along the road frontage.
Property Size1,830 SF
Lot Size1.58 Acres
Price / SF$122.95
Days on Market209
Property Features for 15446 Highway 28
General Information
Standard status
Active
Size
1,830 SF
Lot size
1.58 Acres
Property subtype
Mixed Use
Building Details
Building Size
1,830 SF
Year Built
2003
Listing Agency:
Mossy Oak Properties Land Sales , LLC
Listed By:
Clint Carroll · License #311021
(423) 648-1008
Source:
Robinsonteam
Added: Apr 6
Changed: Oct 31
Last Checked: Oct 31 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 Mossy Oak Properties Land Sales , LLC
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Investment Insights
Based on property information with market context.
This 1.58-acre mixed-use property includes a mobile home set toward the rear and a commercial garage near the road frontage. The two improvements provide distinct residential and work-space components on one parcel.
The property is located on Highway 28 in Whitwell, Tennessee.
The property is located on Highway 28 in Whitwell, Tennessee.
Key Highlights
- 1.58+-acre property with a mobile home and commercial garage
- Commercial garage positioned along Highway 28 frontage
- Mobile home situated toward the rear of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,203
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,060
$404.1K
Cap Rate 7%
$288,614
$288.6K
Cap Rate 9%
$224,478
$224.5K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$35.1K $19.20/SF
− Vacancy
−$2.8K −$1.54/SF
EGI
$32.3K $17.66/SF
− OpEx
−$12.1K −$6.62/SF
NOI
$20.2K $11.04/SF
Area
Sequatchie County, TN
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,060
Cap Rate 7%
$288,614
Cap Rate 9%
$224,478
Alternative Uses
Best Use
Mixed Use
$288.6K
$252.5K – $336.7K
NOI $20,203 @ 7.0% cap · market cap 8.98%
Second Best
Flex RnD
$246.5K
$215.7K – $287.6K
NOI $17,257 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$404.2K
$353.7K – $471.5K
NOI $28,292 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
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Business Placement
Demographics for 37397, TN
9,928
Population
4,709
Households
2.1
Avg Household Size
44
Median Age
14%
College-Educated
80%
High-School Grad
149.3 sq mi
ZIP Area
66
Density / Sq Mi
$55,776
Median Household Income
$33,569
Median Earnings
$754
Median Rent
$160,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A mobile home sits behind a commercial garage positioned along the road frontage.
Where is this mixed-use property located?
The property is located at 15446 Highway 28 Whitwell, TN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1.58+-acre property with a mobile home and commercial garage; Commercial garage positioned along Highway 28 frontage; Mobile home situated toward the rear of the property
