Flex Space with
2491 Newport Hwy, Sevierville, TN 37876
For Sale
$875,000
Two heated metal buildings offer customer parking, finished display space, and separate electrical service.
Property Size5,300 SF
Lot Size0.97 Acres
Price / SF$165.09
Days on Market34
Property Features for 2491 Newport Hwy
General Information
Standard status
Size
Total Parking Spaces
Lot size
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Power
Amenities
central heat and air
central heat
wall mounted gas heater
paved walkway
separate 200-amp meter center
ample electrical outlets
air compressor lines
Building Details
Year Built
Buildings
Construction
Listing Agency:
New Direction Real Estate
Listed By:
Bobby Castle
(865) 805-3794
Source:
Greaterknoxvillehomeguide
Added: Oct 6
Changed: Nov 7
Last Checked: Nov 7 at 1:17PM
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 New Direction Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,300-square-foot flex property comprises two metal buildings: one measuring 3,200 square feet and the other 2,100 square feet. The front building includes approximately 1,000 square feet of finished showroom area and central heat and air. In the second building, the rear 600 square feet has central heat, while a wall-mounted gas heater serves the front section. Each structure has a 200-amp meter center, ample electrical outlets, and air compressor lines. Rear metal doors open onto a paved walkway connecting the buildings.
The 0.9741-acre property fronts Newport Highway, just past Food City. Approximately 20 paved spaces serve clients at the front and side, with gravel employee parking at the rear. Built in 1997, the property also has a 6-foot metal door at the rear of each building.
The 0.9741-acre property fronts Newport Highway, just past Food City. Approximately 20 paved spaces serve clients at the front and side, with gravel employee parking at the rear. Built in 1997, the property also has a 6-foot metal door at the rear of each building.
Key Highlights
- Two metal buildings totaling 5,300 square feet: 3,200 SF and 2,100 SF
- Front building has approximately 1,000 square feet of finished showroom area
- 0.9741 acres fronting Newport Highway, just past Food City
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,073
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,460
$1.0M
Cap Rate 7%
$729,614
$729.6K
Cap Rate 9%
$567,478
$567.5K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$76.3K $14.40/SF
− Vacancy
−$3.4K −$0.63/SF
EGI
$73.0K $13.77/SF
− OpEx
−$21.9K −$4.13/SF
NOI
$51.1K $9.64/SF
Area
Sevier County, TN
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,460
Cap Rate 7%
$729,614
Cap Rate 9%
$567,478
Alternative Uses
Best Use
Industrial
$729.6K
$638.4K – $851.2K
NOI $51,073 @ 7.0% cap · market cap 5.84%
Second Best
Flex RnD
$460.8K
$403.2K – $537.6K
NOI $32,253 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,456 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37876, TN
32,866
Population
18,206
Households
1.8
Avg Household Size
45
Median Age
22%
College-Educated
89%
High-School Grad
186.8 sq mi
ZIP Area
176
Density / Sq Mi
$58,513
Median Household Income
$33,603
Median Earnings
$997
Median Rent
$257,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Red Box Food Trucks & Catering — 350 New Center Rd #40, Sevierville, TN 37876
Frequently Asked Questions
What type of property is this?
Flex space - Two heated metal buildings offer customer parking, finished display space, and separate electrical service.
Where is this flex space located?
The property is located at 2491 Newport Hwy Sevierville, TN.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two metal buildings totaling 5,300 square feet: 3,200 SF and 2,100 SF; Front building has approximately 1,000 square feet of finished showroom area; 0.9741 acres fronting Newport Highway, just past Food City
