Commercial Building with Warehouse
2808 E Lamar Alexander Pkwy Maryville, TN
For Sale
Contact for pricing
Highly visible commercial building with warehouse space for rent.
Property Size16,200 SF
Lot Size1.35 Acres
Price / SF$111.10
Days on Market1182
Property Features for 2808 E Lamar Alexander Pkwy
General Information
Standard status
Active
Size
16,200 SF
Lot size
1.35 Acres
Property subtype
RETAIL
Listing Agency:
Mike Fuller Realty & Company
(865) 909-7471
Listed By:
Michael Fuller · License #249198
(865) 909-7471
Source:
Moodyscre
Added: May 5, 2023
Changed: Jul 6
Last Checked: Jul 21 at 4:40AM
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 Mike Fuller Realty & Company
Investment Insights
Based on property information with market context.
This highly visible commercial building includes a warehouse on the lower level. The property features tall ceilings and large open areas suitable for a variety of uses. It offers a drive-in door and dock access, along with a large garage and access to the lower level. Originally built as a grocery store, the property was a well-known establishment in East Maryville. It benefits from high traffic counts that are trending upward, and is surrounded by many highly successful businesses. Located less than 5 minutes from Blount Memorial, the property serves as a gateway to Townsend, the quiet side of the Great Smoky Mountains. The building's size is 16,200 square feet.
Key Highlights
- High traffic location with upward trending counts.
- Warehouse space featuring a drive‑in door and dock access.
- Large open areas and tall ceilings suitable for various uses.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $6.48 |
| − Vacancy | −$5.4k | −$0.33 |
| EGI | $99.6k | $6.15 |
| − OpEx | −$14.9k | −$0.92 |
| NOI | $84.7k | $5.23 |
16,200 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Retail
$3.58M
$3.13M – $4.17M
NOI $250,300 @ 7.0% cap · market cap 13.91%
Second Best
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,301 @ 7.0% cap · market cap 12.35%
Theoretical Best
Office A
$6.52M
$5.71M – $7.61M
NOI $456,545 @ 7.0% cap · market cap 25.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Highly visible commercial building with warehouse space for rent.
Where is this grocery and convenience store located?
The property is located at 2808 E Lamar Alexander Pkwy Maryville, TN.
What is the asking price?
The asking price for this property is $1,799,900.
What are key features of this property?
This property features: High traffic location with upward trending counts.; Warehouse space featuring a drive‑in door and dock access.; Large open areas and tall ceilings suitable for various uses.
