Warehouse with Office/Flex
New
For Sale
Contact for pricing
4511 Central Avenue Pike, Knoxville, TN 37912
An existing tenant occupies a multi-building industrial property with warehouse and office/flex space.
Property Size6,342 SF
Lot Size0.89 Acres
Price / SF$197.10
Days on Market4
Property Features for 4511 Central Avenue Pike
General Information
Standard status
Active
Size
6,342 SF
Lot size
0.89 Acres
Property subtype
INDUSTRIAL
Zoning
IG
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Asking Price
$1,250,000
Warehouse Space
4,620 SF
Tenant in Place
Yes
Property Use
Warehouse, Office
Building Details
Buildings
2
Listing Agency:
Brackfield & Associates, Llc
(865) 691-8195
Listed By:
Buddy Brackfield · License #249283
(865) 414-9455
Source:
Moodyscre
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:19PM
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 Brackfield & Associates, Llc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 4,620-square-foot warehouse and a separate 1,722-square-foot office/flex building. Together, the buildings contain 6,342 square feet on approximately 0.89 acres. An existing tenant is in place, and the property carries IG industrial zoning in Knox County.
Located on Central Avenue Pike in Knoxville, the site has connections to I-75, I-275, and I-640.
Located on Central Avenue Pike in Knoxville, the site has connections to I-75, I-275, and I-640.
Key Highlights
- 4,620‑square‑foot warehouse and separate 1,722‑square‑foot office/flex building
- 6,342 square feet of building area on approximately 0.89 acres
- Existing tenant in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,206
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,120
$1.1M
Cap Rate 7%
$788,657
$788.7K
Cap Rate 9%
$613,400
$613.4K
Market Conditions
NOI Build-Up for 6,342 SF
Gross rent
$91.3K $14.40/SF
− Vacancy
−$6.4K −$1.01/SF
EGI
$84.9K $13.39/SF
− OpEx
−$29.7K −$4.69/SF
NOI
$55.2K $8.70/SF
Area
Knoxville, 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%
$1,104,120
Cap Rate 7%
$788,657
Cap Rate 9%
$613,400
Alternative Uses
Best Use
Flex RnD
$788.7K
$690.1K – $920.1K
NOI $55,206 @ 7.0% cap · market cap 4.42%
Second Best
Warehouse
$786.0K
$687.7K – $917.0K
NOI $55,017 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,955 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37912, TN
22,313
Population
10,916
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
2,105
Density / Sq Mi
$44,754
Median Household Income
$30,859
Median Earnings
$1,050
Median Rent
$185,600
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
Similar Off Market Nearby
- Self-Storage at U-Haul — 4705 Clinton Hwy, Knoxville, TN 37912
- Four Seasons Storage of Tillery — 115 Tillery Dr, Knoxville, TN 37912
- iStorage — 4811 Central Ave Pike, Knoxville, TN 37912
- Knoxville Star Storage - North — 5500 Central Ave Pike, Knoxville, TN 37912
Frequently Asked Questions
What type of property is this?
Warehouse - An existing tenant occupies a multi-building industrial property with warehouse and office/flex space.
Where is this warehouse located?
The property is located at 4511 Central Avenue Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,620‑square‑foot warehouse and separate 1,722‑square‑foot office/flex building; 6,342 square feet of building area on approximately 0.89 acres; Existing tenant in place
