Flex Space with
For Sale
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3275 Newport Hwy, Sevierville, TN 37876
Functional industrial facility with renovated offices, multiple loading options, LED lighting, and three-phase power.
Property Size11,520 SF
Lot Size0.74 Acres
Price / SF$104.08
Days on Market40
Property Features for 3275 Newport Hwy
General Information
Standard status
Active
Size
11,520 SF
Lot size
0.74 Acres
Property subtype
INDUSTRIAL
Zoning
I-1
Warehouse & Industrial
Clear Height
20 ft
Office Build-Out
900 SF
Dock-High Doors
2
Drive-In Doors
2
Three-Phase Power
Yes
Additional Details
Office Units
1
Building Details
Buildings
1
Building Size
11,520 SF
Listing Agency:
Lee & Associates
(865) 309-6272
Listed By:
Matthew Strother · License #369177
(865) 309-6272
Source:
Moodyscre
Added: Jun 23
Changed: Jul 31
Last Checked: Jul 31 at 12:20PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
Building 10 at Zelig Industrial Park is an 11,520 SF flex space on 0.74 acres, offering a functional combination of warehouse and office improvements. Approximately ±900 SF of fully renovated office space includes a reception area and three private offices. The warehouse features 16’–20’ clear heights, LED lighting, three-phase power, and a 6” concrete slab.
Loading access includes two dock-high doors with 10’ clearances and two grade-level doors with 14’ clearances. The property is located at 3275 Newport Hwy in Sevierville, TN, and is zoned I-1. The configuration supports distribution, light manufacturing, and service uses.
Loading access includes two dock-high doors with 10’ clearances and two grade-level doors with 14’ clearances. The property is located at 3275 Newport Hwy in Sevierville, TN, and is zoned I-1. The configuration supports distribution, light manufacturing, and service uses.
Key Highlights
- 11,520 SF flex space on 0.74 acres
- ±900 SF of fully renovated office space with reception area and three private offices
- 16’–20’ warehouse clear heights with LED lighting and three‑phase power
Financial Insights For Flex RnD
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 | $114.7k | $9.96 |
| − Vacancy | −$6.9k | −$0.60 |
| EGI | $107.9k | $9.36 |
| − OpEx | −$37.7k | −$3.28 |
| NOI | $70.1k | $6.09 |
11,520 SF · lease $9.96/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.72M
NOI $163,234 @ 7.0% cap · market cap 13.61%
Second Best
Warehouse
$1.93M
$1.69M – $2.25M
NOI $134,801 @ 7.0% cap · market cap 11.24%
Theoretical Best
Office A
$4.86M
$4.25M – $5.67M
NOI $340,070 @ 7.0% cap · market cap 28.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Dock-high doors
2
Drive-in doors
1
Office units
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional industrial facility with renovated offices, multiple loading options, LED lighting, and three-phase power.
Where is this flex space located?
The property is located at 3275 Newport Hwy Sevierville, TN.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 11,520 SF flex space on 0.74 acres; ±900 SF of fully renovated office space with reception area and three private offices; 16’–20’ warehouse clear heights with LED lighting and three‑phase power
