Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Flex Warehouse Space Available Title is generated by Realmo AI

    2635 Newport Hwy, Sevierville, TN 37876

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,400 SF flex warehouse space with gated entry.

    Type:Industrial
    Property size:
    2,400 SF
    Added:
    Dec 7, 2021
    Days on Market:
    1622
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 2635 Newport Hwy

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2016

    Spaces For Lease

    at 2635 Newport Hwy Contact us

    $7/Mo

    Size
    2,400 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    William Geronimo

    Listing agent William Geronimo License #FLBO

    Listing office William Geronimo

    Listing date Dec 7, 2021

    Source Crexi

    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 William Geronimo

    HighLights

    • 2,400 SQ FT Flex Warehouse Space
    • Secure, gated entry with 24‑hour access
    • Two large overhead doors provide easy access
    • 14’+ Ceiling Height
    • Parking Available
    • Gross Lease (1‑2 Year term)

    Overview

    This 2,400 square foot flex warehouse space is available for lease. The property features a secure, gated entry with 24-hour access. Two large overhead doors provide entry to a single-span warehouse space with ceiling heights of 14 feet or more. Parking is available. The lease is a gross lease with a term of one to two years. The space is available immediately and is suitable for contractor storage. Currently, there is no power or sewer available at the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Affordable Storage Guys- ... Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Department Store Kitchen & Bath Showroom Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.4462206
    Latitude
    35.8874401

    Nearby Similar for Lease

    • $30,600 SF/Yr
      10,920 SF

      Sevierville Commercial Space For Rent

      Convenient Sevierville location suitable for medical, professional, or retail use.
      1240 Fox Meadows Boulevard, Sevierville, TN 37862
      View Details
    • $4,000/Mo
      1,920 SF

      Prime Commercial Space, Sevierville, TN

      Highly visible commercial property near Pigeon Forge Parkway.
      Sevierville, TN
      View Details
    • $19 SF/Yr
      22,589 SF

      Retail Opportunity on Dolly Parton

      Prime retail location with high visibility and convenient access.
      630 Dolly Parton Pkwy, Sevierville, TN 37862
      View Details
    • $27 SF/Yr
      154,735 SF

      Prime Retail Location on Parkway

      High-visibility retail space with strong sales potential on busy Parkway.
      639 Parkway, Sevierville, TN 37862
      View Details
    • $39 SF/Yr
      2,970 SF

      Retail Space on Main Corridor

      Retail space with high visibility near popular attractions.
      1403 Parkway, Sevierville, TN 37862
      View Details
    • $25 SF/Yr
      9,620 SF

      Sevierville Medical Office For Lease

      Medical office building near Mount LeConte Medical Center available for lease.
      1014 Middle Creek Rd, Sevierville, TN 37862
      View Details
    • $19 SF/Yr

      Prime Retail Space on Parkway

      Excellent retail opportunity with high visibility and convenient access.
      630 Dolly Parton Pkwy, Sevierville, TN 37862
      View Details
    • $14 SF/Yr
      89,352 SF

      Sevierville Retail Space For Rent

      Large retail space near Winfield Dunn Parkway, Sevierville.
      2270 Two Rivers Blvd, Sevierville, TN 37876
      View Details
    • $22 SF/Yr
      6,000 SF

      Retail/Office Space in Sevierville

      Retail or office space available for lease near Tanger Outlets.
      1548 Pkwy , Sevierville, TN
      View Details
    • $39 SF/Yr

      Prime Retail Space Available

      High-visibility retail space on a main thoroughfare near attractions.
      1403 Parkway, Sevierville, TN 37862
      View Details
    • $25 SF/Yr

      Sevierville Medical Office Space

      Medical office space for lease near Mount LeConte Medical Center.
      1014 Middle Creek Rd, Sevierville, TN 37862
      View Details
    • $14 SF/Yr

      Sevierville Retail Space For Rent

      Large retail space in Two Rivers Outlet, Sevierville, Tennessee.
      2270 Two Rivers Blvd, Sevierville, TN 37876
      View Details

    FAQs

    What type of property is this?
    Flex space - 2,400 SF flex warehouse space with gated entry.
    Where is this flex space located?
    The property is located at 2635 Newport Hwy Sevierville, TN.
    What are key features of this property?
    This property features: 2,400 SQ FT Flex Warehouse Space; Secure, gated entry with 24‑hour access; Two large overhead doors provide easy access
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William Geronimo
    Real Estate License ID: FLBO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2635 Newport Hwy, Sevierville, TN 37876
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!