Multi-Tenant Flex
2724 John Deere Dr, Knoxville, TN 37917
For Sale
New
Contact for pricing
Three occupied suites combine warehouse space with showroom and office areas, with I-G zoning in the City of Knoxville.
Property Size22,600 SF
Lot Size3.48 Acres
Price / SF$110.62
Days on Market4
Property Features for 2724 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 2:55PM
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-square-foot flex property, built in 1987, contains three tenant suites totaling 7,000, 5,300, and 10,100 square feet. The mix includes warehouse and distribution areas, showroom space, and offices; one suite is warehouse-only. Other suite features include private offices, kitchens, and restrooms. Loading is supported by multiple dock-high doors and drive-in doors. Warehouse ceilings reach 20 feet, with an 18-foot eave height.
The building sits on 3.48 acres in Knoxville and is zoned I-G (General Industrial District). I-40 is immediately accessible. The property is fully leased, and its three suites accommodate a mix of warehouse, office, showroom, and distribution space.
The building sits on 3.48 acres in Knoxville and is zoned I-G (General Industrial District). I-40 is immediately accessible. The property is fully leased, and its three suites accommodate a mix of warehouse, office, showroom, and distribution space.
Key Highlights
- 22,600‑square‑foot building with three tenant suites: 7,000, 5,300, and 10,100 square feet
- Fully leased multi‑tenant property
- 3.48‑acre site zoned I‑G (General Industrial District) in the City of Knoxville
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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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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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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 occupied suites combine warehouse space with showroom and office areas, with I-G zoning in the City of Knoxville.
Where is this flex space located?
The property is located at 2724 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‑square‑foot building with three tenant suites: 7,000, 5,300, and 10,100 square feet; Fully leased multi‑tenant property; 3.48‑acre site zoned I‑G (General Industrial District) in the City of Knoxville
