Multi-Tenant Flex Space with Dock
2718 John Deere Dr, Knoxville, TN 37917
For Sale
New
Contact for pricing
Three suites combine warehouse, distribution, showroom, and office areas, with three-phase electrical service throughout.
Property Size22,600 SF
Lot Size2.79 Acres
Price / SF$110.62
Days on Market4
Property Features for 2718 John Deere Dr
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Additional Details
Highway Access
Three-Phase Power
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
Furrow Strickland Real Estate Services
Listed By:
Rob Strickland
(865) 521-7500
Source:
Moodyscre
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:47PM
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 Furrow Strickland Real Estate Services
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Investment Insights
Based on property information with market context.
This 22,600-SF flex property contains three tenant suites on a 2.79-acre site. Suite 101 has 5,000 SF, Suite 103 has 7,500 SF, and Suites 105/107 together have 10,100 SF. The building, constructed in 1988, combines warehouse, distribution, showroom, and office space. Features include multiple dock-high doors, drive-in access where applicable, three-phase electrical service, and suspended gas heaters. Warehouse areas have an 18-foot eave height and a maximum ceiling height of 20 feet. Office areas include private offices, showrooms, kitchens, and restrooms.
The property is zoned I-G (General Industrial District) in the City of Knoxville, with access to I-40. The building is fully leased and has multiple tenants.
The property is zoned I-G (General Industrial District) in the City of Knoxville, with access to I-40. The building is fully leased and has multiple tenants.
Key Highlights
- 22,600‑SF building with three tenant suites on 2.79 acres
- Suite 101: 5,000 SF; Suite 103: 7,500 SF; Suites 105/107: 10,100 SF combined
- 18′ eave height and 20′ maximum warehouse ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,728
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,934,560
$3.9M
Cap Rate 7%
$2,810,400
$2.8M
Cap Rate 9%
$2,185,867
$2.2M
Market Conditions
NOI Build-Up for 22,600 SF
Gross rent
$325.4K $14.40/SF
− Vacancy
−$22.8K −$1.01/SF
EGI
$302.7K $13.39/SF
− OpEx
−$105.9K −$4.69/SF
NOI
$196.7K $8.70/SF
Area
Knoxville, TN
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,934,560
Cap Rate 7%
$2,810,400
Cap Rate 9%
$2,185,867
Alternative Uses
Best Use
Flex RnD
$2.81M
$2.46M – $3.28M
NOI $196,728 @ 7.0% cap · market cap 7.87%
Second Best
Warehouse
$2.80M
$2.45M – $3.27M
NOI $196,057 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$5.60M
$4.90M – $6.53M
NOI $391,830 @ 7.0% cap · market cap 15.67%
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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
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
Similar Off Market Nearby
- Friends BBQ — 2580 E Magnolia Ave, Knoxville, TN 37914
Frequently Asked Questions
What type of property is this?
Flex space - Three suites combine warehouse, distribution, showroom, and office areas, with three-phase electrical service throughout.
Where is this flex space located?
The property is located at 2718 John Deere Dr Knoxville, TN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 22,600‑SF building with three tenant suites on 2.79 acres; Suite 101: 5,000 SF; Suite 103: 7,500 SF; Suites 105/107: 10,100 SF combined; 18′ eave height and 20′ maximum warehouse ceiling height
