Industrial Redevelopment Opportunity in
For Sale
Contact for pricing
4001 Bruhin Rd, Knoxville, TN 37918
2.97-acre site with 25,316 SF building near Happy Holler.
Property Size25,316 SF
Lot Size2.97 Acres
Price / SF$79
Days on Market224
Property Features for 4001 Bruhin Rd
General Information
Standard status
Active
Size
25,316 SF
Class
A
Lot size
2.97 Acres
Property subtype
Multifamily, Industrial, Mixed Use
Zoning
I-MU
Building Details
Year Built
1973
Buildings
2
Stories
2
Units
100
Listing Agency:
Wallace Commercial
Listed By:
Justin West · License #384565
(865) 999-8449
Source:
Crexi
Added: Feb 25
Changed: Sep 30
Last Checked: Oct 7 at 12:07PM
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 Wallace Commercial
Investment Insights
Based on property information with market context.
Located at 4001 Bruhin Road in North Knoxville, this industrial redevelopment property offers significant scale and interstate visibility near the I-640 / I-275 interchange. The 2.97-acre site includes a 25,316 SF building constructed in 1973. The building features varied ceiling heights, with the front section offering 13 to 14 ft clear heights suitable for flex or auto repair space, and the rear section, formerly a foundry, boasting over 30 ft clear heights. The property also includes two residences that can serve as on-site living quarters, event spaces, or professional offices. Zoned I-MU (Industrial Mixed-Use), the property is suitable for continued industrial use, large-scale events, or a destination brewery. Redevelopment into large multifamily is possible, subject to rezoning. The site can accommodate parking for over 100 vehicles with minor clearing and gravel. The property has full utilities, 3-phase power, grade-level doors, and roll-up access. The building currently generates cash flow from tenants and can be delivered vacant. It is located one mile from the Happy Holler district on Central Street, offering access to breweries, cafes, shops, and nightlife, as well as quick access to downtown and Fountain City.
Key Highlights
- Prime interstate visibility and location at the I‑640/I‑275 interchange.
- Massive 25,316 SF building with exceptionally high ceilings (30+ ft in rear foundry).
- I‑MU (Industrial Mixed‑Use) zoning allows for varied uses including industrial, events, brewery, or multifamily redevelopment (subject to rezoning).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$169,911
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,398,220
$3.4M
Cap Rate 7%
$2,427,300
$2.4M
Cap Rate 9%
$1,887,900
$1.9M
Market Conditions
NOI Build-Up for 25,316 SF
Gross rent
$258.2K $10.20/SF
− Vacancy
−$15.5K −$0.61/SF
EGI
$242.7K $9.59/SF
− OpEx
−$72.8K −$2.88/SF
NOI
$169.9K $6.71/SF
Area
Knoxville, TN
Vacancy
6.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,398,220
Cap Rate 7%
$2,427,300
Cap Rate 9%
$1,887,900
Alternative Uses
Best Use
Flex RnD
$3.15M
$2.75M – $3.67M
NOI $220,371 @ 7.0% cap · market cap 11.02%
Second Best
Industrial
$2.43M
$2.12M – $2.83M
NOI $169,911 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$6.27M
$5.49M – $7.32M
NOI $438,919 @ 7.0% cap · market cap 21.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial 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 - 2.97-acre site with 25,316 SF building near Happy Holler.
Where is this flex space located?
The property is located at 4001 Bruhin Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime interstate visibility and location at the I‑640/I‑275 interchange.; Massive 25,316 SF building with exceptionally high ceilings (30+ ft in rear foundry).; I‑MU (Industrial Mixed‑Use) zoning allows for varied uses including industrial, events, brewery, or multifamily redevelopment (subject to rezoning).
