Office/Warehouse with Fenced
For Sale
Contact for pricing
2100 Roane State Hwy, Harriman, TN 37748
5,000 SF office/warehouse with mezzanine and fenced yard.
Property Size5,000 SF
Price / SF$359
Days on Market776
Property Features for 2100 Roane State Hwy
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Zoning
C-2
Building Details
Tenancy
Single
Listing Agency:
Wallace Residential
(404) 403-9855
Listed By:
Jennifer Scates · License #TN 334295
Source:
Crexi
Added: Jun 26, 2024
Changed: Aug 8
Last Checked: Jul 15 at 7:11PM
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 Wallace Residential
Investment Insights
Based on property information with market context.
This 5,000 square foot office/warehouse includes a 2,000 square foot mezzanine and a fenced yard. The warehouse portion features two restrooms, while the 2,000 square feet of office space includes a showroom, two offices, and a kitchenette. The 3,000 square foot warehouse area is equipped with a paint booth and two propane heating units. A 14-foot roll-up door provides access to the warehouse, which has a ceiling height of 25 to 28 feet. The property is on septic, but sewer access is available at the road. A Phase 1 environmental assessment has been completed. The property is located on Roane State Highway, adjacent to Roane Medical Center, Kroger Shopping Center, Lowe's, and various restaurants. Two additional adjoining parcels are available for purchase: a 0.71-acre corner lot next to the hospital at 2220 Roane State Highway, and a 0.68-acre lot next to the building at 2212 Roane State Highway.
Key Highlights
- Strategic location on Roane State Hwy, adjacent to Roane Medical Center, Kroger Shopping Center, Lowe's, and restaurants.
- Substantial 5,000sf office/warehouse space with a 2,000sf mezzanine.
- High ceiling height (25'-28')** and a 14' roll‑up door, suitable for various industrial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,150
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,323,000
$1.3M
Cap Rate 7%
$945,000
$945.0K
Cap Rate 9%
$735,000
$735.0K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$105.0K $21.00/SF
− Vacancy
−$16.8K −$3.36/SF
EGI
$88.2K $17.64/SF
− OpEx
−$22.1K −$4.41/SF
NOI
$66.2K $13.23/SF
Area
Roane County, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,323,000
Cap Rate 7%
$945,000
Cap Rate 9%
$735,000
Alternative Uses
Best Use
Office B
$945.0K
$826.9K – $1.10M
NOI $66,150 @ 7.0% cap · market cap 3.69%
Second Best
Flex RnD
$621.8K
$544.1K – $725.4K
NOI $43,524 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,688 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37748, TN
17,227
Population
8,208
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
87%
High-School Grad
106.6 sq mi
ZIP Area
162
Density / Sq Mi
$58,649
Median Household Income
$40,155
Median Earnings
$760
Median Rent
$173,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 5,000 SF office/warehouse with mezzanine and fenced yard.
Where is this flex space located?
The property is located at 2100 Roane State Hwy Harriman, TN.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Strategic location on Roane State Hwy, adjacent to Roane Medical Center, Kroger Shopping Center, Lowe's, and restaurants.; Substantial 5,000sf office/warehouse space with a **2,000sf mezzanine**.; High ceiling height (25'-28')** and a 14' roll‑up door, suitable for various industrial uses.
