Flex Space with
For Sale
$538,000
Pending
29 Crestview Drive, Dunlap, TN 37327
Commercial Sale, Dunlap, TN
Property Size5,250 SF
Lot Size0.71 Acres
Days on Market262
Property Features for 29 Crestview Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
..
Subdivision
Sequatchie Co., TN
Standard status
Pending
APN
004.45
Lot size
0.71 Acres
Taxes and HOA fees
Tax Annual Amount
2349
Utilities
Utilities
Electricity Available
Water source
Public
Amenities
kitchenette
bathroom
moveable walls
Building Details
Floors in Building
1
Building materials
Frame, Brick
Roof type
Metal
Listing Agency:
Century 21 Professional Group
(423) 949-7653
Listed By:
Pam Brown · License #281871
(423) 605-8026
Added: Dec 4, 2025
Changed: Aug 20
Last Checked: Aug 23 at 4:06PM
MLS# 238708
Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property includes two separate buildings on a 0.71-acre parcel. The front building measures 50 by 65 feet and is configured for office use, with a kitchenette, bathroom, cabinet storage, finished flooring, and one roll-up door. Interior partitions stop below the ceiling and can be relocated to adjust the layout. A rear 40-by-50-foot building provides warehouse space with two roll-up doors, plus a separate 400-square-foot heated and cooled area with a bathroom and shower.
The property fronts Hwy 28 and includes a concrete pad with utility hookups for a camper. Public water and electricity are available, and both structures have metal roofs with frame and brick construction materials.
The property fronts Hwy 28 and includes a concrete pad with utility hookups for a camper. Public water and electricity are available, and both structures have metal roofs with frame and brick construction materials.
Key Highlights
- Two‑building flex property on 0.71 acres along Hwy 28
- Front office building measures 50 by 65 feet
- Rear warehouse measures 40 by 50 feet and has two roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,509
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$990,180
$990.2K
Cap Rate 7%
$707,271
$707.3K
Cap Rate 9%
$550,100
$550.1K
Market Conditions
NOI Build-Up for 5,250 SF
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.
Gross rent
$81.9K $15.60/SF
− Vacancy
−$5.7K −$1.09/SF
EGI
$76.2K $14.51/SF
− OpEx
−$26.7K −$5.08/SF
NOI
$49.5K $9.43/SF
Area
Sequatchie County, TN
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$990,180
Cap Rate 7%
$707,271
Cap Rate 9%
$550,100
Alternative Uses
Best Use
Office B
$860.6K
$753.1K – $1.00M
NOI $60,244 @ 7.0% cap · market cap 11.20%
Second Best
Flex RnD
$707.3K
$618.9K – $825.2K
NOI $49,509 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,164 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37327, TN
12,412
Population
5,319
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
81%
High-School Grad
191.4 sq mi
ZIP Area
65
Density / Sq Mi
$51,862
Median Household Income
$28,990
Median Earnings
$843
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property combines adaptable office space, warehouse functionality, and on-site utility access.
Where is this flex space located?
The property is located at 29 Crestview Drive Dunlap, TN.
What is the asking price?
The asking price for this property is $538,000.
What are key features of this property?
This property features: Two‑building flex property on 0.71 acres along Hwy 28; Front office building measures 50 by 65 feet; Rear warehouse measures 40 by 50 feet and has two roll‑up doors
