Commercial Office Building with
164 Locomotive Dr Lenoir City, TN 37771
164 Locomotive Dr, Lenoir City, TN, 37771
Contact for pricing
For Sale
Contact for pricing
Commercially zoned office building on an 8.5-acre parcel with room for parking and expansion.
Property Size12,956 SF
Lot Size8.50 Acres
Price / SF$223.83
Days on Market113
Property Features for 164 Locomotive Dr
General Information
- Standard status
- Active
- Size
- 12,956 SF
- Lot size
- 8.50 Acres
- Property subtype
- Office
Listing agency
Coldwell Banker Jim Henry & As Kingston
(865) 603-7230
Listed by
Kathy May-Martin · License #250474
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 3:33PM Checked: Jul 21 at 3:33PM
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 Coldwell Banker Jim Henry & As Kingston
Investment Insights
Based on property information with market context.
164 Locomotive Drive is a 14,000+ square foot commercial office building situated on an 8.50-acre parcel. The property is described as offering ample space for parking, expansion, or future development. With commercial zoning, the building is positioned for a range of professional and medical-administrative uses.
The property is noted to have convenient access to major corridors and proximity to Lenoir City and the greater Knoxville region, supporting regional operations. The offering is presented for both investors and owner-occupants seeking a well-positioned commercial asset with acreage and growth potential.
For additional details and to schedule a private tour, contact the listing team.
The property is noted to have convenient access to major corridors and proximity to Lenoir City and the greater Knoxville region, supporting regional operations. The offering is presented for both investors and owner-occupants seeking a well-positioned commercial asset with acreage and growth potential.
For additional details and to schedule a private tour, contact the listing team.
Key Highlights
- 14,000+ SF office building on an 8.5‑acre parcel
- Commercial zoning suitable for professional offices, medical, and administrative uses
- Ample room for parking, expansion, or future development
Local 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 | $272.1k | $21.00 |
| − Vacancy | −$43.5k | −$3.36 |
| EGI | $228.5k | $17.64 |
| − OpEx | −$57.1k | −$4.41 |
| NOI | $171.4k | $13.23 |
12,956 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.45M
$2.14M – $2.86M
NOI $171,408 @ 7.0% cap · market cap 5.91%
Second Best
Healthcare Medical
$2.35M
$2.06M – $2.75M
NOI $164,831 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,626 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lenoir City, TN
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Commercially zoned office building on an 8.5-acre parcel with room for parking and expansion.
Where is this office building located?
The property is located at 164 Locomotive Dr Lenoir City, TN.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 14,000+ SF office building on an 8.5‑acre parcel; Commercial zoning suitable for professional offices, medical, and administrative uses; Ample room for parking, expansion, or future development
