Flex Space with Cold
For Sale
Contact for pricing
4521 Bristol Hwy, Johnson City, TN 37686
Flex space with cold storage, office, and warehouse, on a highly visible corridor with over 25,000 cars per day.
Property Size15,313 SF
Price / SF$104.16
Days on Market363
Property Features for 4521 Bristol Hwy
General Information
Standard status
Active
Size
15,313 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Warehouse Space
7,113 SF
Office Build-Out
4,000 SF
Cold Storage
Yes
Cold Storage Area
4,200 SF
Building Details
Building Size
15,313 SF
Listing Agency:
Lee & Associates
(865) 776-5662
Listed By:
Taylor Durand · License #369177
(865) 776-5662
Source:
Moodyscre
Added: Aug 4, 2025
Changed: Jul 30
Last Checked: Jul 31 at 7:55AM
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.
This flex space property offers 15,313 SF of flex space and cold storage with a combination of warehouse, cold storage area, and office space. The warehouse includes 4,200 SF of cold storage, plus a 7,113 SF warehouse component. The site also provides 4,000 SF of office space.
The property is located at 4521 Bristol Hwy in Johnson City, TN 37686, in a highly visible retail corridor with a daily traffic count of over 25,000 cars per day. The warehouse area has 14–24’ clear heights and is described as having excellent access.
The current owner is open to a 5-year leaseback, which may be a consideration for buyers evaluating near-term occupancy or transition planning.
The property is located at 4521 Bristol Hwy in Johnson City, TN 37686, in a highly visible retail corridor with a daily traffic count of over 25,000 cars per day. The warehouse area has 14–24’ clear heights and is described as having excellent access.
The current owner is open to a 5-year leaseback, which may be a consideration for buyers evaluating near-term occupancy or transition planning.
Key Highlights
- 15,313 SF flex space with cold storage and office
- 4,200 SF of cold storage within the warehouse
- 4,000 SF office space
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 | $183.8k | $12.00 |
| − Vacancy | −$11.0k | −$0.72 |
| EGI | $172.7k | $11.28 |
| − OpEx | −$60.5k | −$3.95 |
| NOI | $112.3k | $7.33 |
15,313 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$3.23M
$2.83M – $3.77M
NOI $226,020 @ 7.0% cap · market cap 14.17%
Second Best
Flex RnD
$1.60M
$1.40M – $1.87M
NOI $112,275 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$6.46M
$5.65M – $7.53M
NOI $452,040 @ 7.0% cap · market cap 28.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
24 ft
Clear height
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37686, TN
8,207
Population
3,790
Households
2.2
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
29.5 sq mi
ZIP Area
278
Density / Sq Mi
$84,894
Median Household Income
$42,929
Median Earnings
$1,117
Median Rent
$306,300
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 - Flex space with cold storage, office, and warehouse, on a highly visible corridor with over 25,000 cars per day.
Where is this flex space located?
The property is located at 4521 Bristol Hwy Johnson City, TN.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 15,313 SF flex space with cold storage and office; 4,200 SF of cold storage within the warehouse; 4,000 SF office space
