Clear-Span Flex
For Sale
$625,000
312 Commerce St, Loudon, TN 37774
Downtown flex property with retail, office, shop, kitchen, and vehicle-access features.
Property Size5,096 SF
Price / SF$122.65
Days on Market49
Property Features for 312 Commerce St
General Information
Standard status
Active
Size
5,096 SF
Property subtype
Retail
Additional Details
Clear Span
Yes
Building Details
Building Size
5,096 SF
Year Built
1919
Listing Agency:
NAI Koella | RM Moore
Listed By:
Michael Moore · License #TN #324982
(865) 221-9442
Source:
Koellamoore
Added: Sep 19
Changed: Nov 4
Last Checked: Nov 4 at 11:41AM
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 NAI Koella | RM Moore
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Investment Insights
Based on property information with market context.
Built in 1919, this 5,096-square-foot flex property provides clear-span, multi-use space in downtown Loudon. The interior combines dedicated retail and office areas with a shop area, full bathroom, and full kitchen. Front sliding double doors allow vehicle entry to the toy barn, while an automatic roll-up door separates the office component from the shop space.
The property is located at 312 Commerce St in Loudon, TN 37774. Additional outdoor yard space, off-street parking, and vehicle access are included. Its combination of commercial areas, service-oriented space, and interior separation supports a range of operational layouts within one building.
The property is located at 312 Commerce St in Loudon, TN 37774. Additional outdoor yard space, off-street parking, and vehicle access are included. Its combination of commercial areas, service-oriented space, and interior separation supports a range of operational layouts within one building.
Key Highlights
- 5,096 Sq Ft of clear‑span, multi‑use space
- Retail and office areas combined with shop space
- Front sliding double doors provide vehicle access to the toy barn
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,360
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,200
$887.2K
Cap Rate 7%
$633,714
$633.7K
Cap Rate 9%
$492,889
$492.9K
Market Conditions
NOI Build-Up for 5,096 SF
Gross rent
$73.4K $14.40/SF
− Vacancy
−$5.1K −$1.01/SF
EGI
$68.2K $13.39/SF
− OpEx
−$23.9K −$4.69/SF
NOI
$44.4K $8.70/SF
Area
Loudon County, 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%
$887,200
Cap Rate 7%
$633,714
Cap Rate 9%
$492,889
Alternative Uses
Best Use
Retail
$1.05M
$915.0K – $1.22M
NOI $73,199 @ 7.0% cap · market cap 11.71%
Second Best
Flex RnD
$633.7K
$554.5K – $739.3K
NOI $44,360 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,352 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 37774, TN
20,678
Population
10,020
Households
2.1
Avg Household Size
58
Median Age
31%
College-Educated
88%
High-School Grad
88.2 sq mi
ZIP Area
234
Density / Sq Mi
$83,724
Median Household Income
$40,779
Median Earnings
$929
Median Rent
$329,600
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Downtown flex property with retail, office, shop, kitchen, and vehicle-access features.
Where is this flex space located?
The property is located at 312 Commerce St Loudon, TN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 5,096 Sq Ft of clear‑span, multi‑use space; Retail and office areas combined with shop space; Front sliding double doors provide vehicle access to the toy barn
