Industrial Facility with Office
3275 Newport Highway, Sevierville, TN 37876
For Sale
$1,799,000
14,800 SF industrial facility with warehouse and office space.
Property Size14,800 SF
Lot Size0.80 Acres
Price / SF$121.55
Days on Market230
Property Features for 3275 Newport Highway
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
CBRE, Inc.
Listed By:
Brian Tapp, SIOR, CCIM
(865) 498-6500
Source:
Cbre
Added: Mar 25
Changed: Aug 26
Last Checked: Aug 14 at 6:04AM
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 CBRE, Inc.
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Investment Insights
Based on property information with market context.
Located along Newport Highway, between Sevierville and Newport, this 14,800 SF industrial facility features a combination of warehouse and office space. The building includes 8,400 SF of warehouse space with 19'–22'10" ceiling heights, five drive-in doors, and 600-amp, 3-phase power. The 6,400 SF of two-story office space can accommodate administrative, sales, or training functions. Positioned on 0.8 acres and zoned I-1, the property offers appeal for owner-occupiers seeking space within Sevier County’s industrial market. The column spacing is 40' x 20'.
Key Highlights
- 14,800 SF industrial facility with 6,400 SF of office space.
- 8,400 SF of warehouse space** with 19'-22'10" ceiling heights.
- Five drive‑in doors for efficient warehouse operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,620
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,852,400
$2.9M
Cap Rate 7%
$2,037,429
$2.0M
Cap Rate 9%
$1,584,667
$1.6M
Market Conditions
NOI Build-Up for 14,800 SF
Gross rent
$213.1K $14.40/SF
− Vacancy
−$9.4K −$0.63/SF
EGI
$203.7K $13.77/SF
− OpEx
−$61.1K −$4.13/SF
NOI
$142.6K $9.64/SF
Area
Sevier County, TN
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,852,400
Cap Rate 7%
$2,037,429
Cap Rate 9%
$1,584,667
Alternative Uses
Best Use
Industrial
$2.04M
$1.78M – $2.38M
NOI $142,620 @ 7.0% cap · market cap 7.93%
Second Best
Flex RnD
$1.29M
$1.13M – $1.50M
NOI $90,066 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$6.24M
$5.46M – $7.28M
NOI $436,896 @ 7.0% cap · market cap 24.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37876, TN
32,866
Population
18,206
Households
1.8
Avg Household Size
45
Median Age
22%
College-Educated
89%
High-School Grad
186.8 sq mi
ZIP Area
176
Density / Sq Mi
$58,513
Median Household Income
$33,603
Median Earnings
$997
Median Rent
$257,800
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 - 14,800 SF industrial facility with warehouse and office space.
Where is this flex space located?
The property is located at 3275 Newport Highway Sevierville, TN.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 14,800 SF industrial facility with **6,400 SF of office space**.; 8,400 SF of warehouse space** with 19'-22'10" ceiling heights.; Five drive‑in doors for efficient warehouse operations.
