Renovated Flex
508 Daniels Ave Knoxville, TN 37917
For Sale
Contact for pricing
Fully renovated flex building with new storefront, high ceilings, and secure fenced rear loading for up to two box trucks.
Property Size6,052 SF
Price / SF$115.66
Days on Market190
Property Features for 508 Daniels Ave
General Information
Standard status
Active
Size
6,052 SF
Property subtype
INDUSTRIAL
Listing Agency:
Wallace
(865) 387-5067
Listed By:
Jeffrey Dealejandro
(865) 387-5067
Source:
Moodyscre
Added: Jan 20
Changed: Jul 27
Last Checked: Jul 28 at 2:22PM
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
Investment Insights
Based on property information with market context.
This fully renovated flex property combines warehouse functionality with a polished retail/office presence. The storefront includes a modern glass entry designed for street presence, and the interior features an open, flexible layout with high ceilings and exposed trusses. Recent improvements include a new roof, three new bathrooms, and updated plumbing.
Parking and loading are set up for day-to-day operations, with six dedicated front parking spaces and six to eight additional spaces in the rear. Rear access is fenced and served by an electric garage door that accommodates up to two box trucks.
Located at 508 Daniels Ave in downtown Knoxville, the property is within walking distance of ShotClub Social and Knoxville’s new Topgolf-style entertainment venue. It also sits within a district seeing major multifamily developments scheduled to break ground in 2025, with access to downtown corridors and strong visibility.
Parking and loading are set up for day-to-day operations, with six dedicated front parking spaces and six to eight additional spaces in the rear. Rear access is fenced and served by an electric garage door that accommodates up to two box trucks.
Located at 508 Daniels Ave in downtown Knoxville, the property is within walking distance of ShotClub Social and Knoxville’s new Topgolf-style entertainment venue. It also sits within a district seeing major multifamily developments scheduled to break ground in 2025, with access to downtown corridors and strong visibility.
Key Highlights
- Fully renovated flex building with a brand‑new modern glass storefront and entry for street presence
- Open flexible interior layout with high ceilings and exposed trusses for office, retail, showroom, or light industrial use
- Secure parking and loading: 6 dedicated front spaces plus 6–8 additional rear spaces
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 | $87.1k | $14.40 |
| − Vacancy | −$6.1k | −$1.01 |
| EGI | $81.0k | $13.39 |
| − OpEx | −$28.4k | −$4.69 |
| NOI | $52.7k | $8.70 |
6,052 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $86,931 @ 7.0% cap · market cap 12.42%
Second Best
Flex RnD
$752.6K
$658.5K – $878.0K
NOI $52,681 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,927 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Abundant Life Kitchen — 418 N Broadway, Knoxville, TN 37917
- Dega Catering — 711 Irwin St, Knoxville, TN 37917
- Just Desserts Caterers — 300 Randolph St, Knoxville, TN 37917
- Bradford Catered Events — 922 N Central St, Knoxville, TN 37917
Frequently Asked Questions
What type of property is this?
Flex space - Fully renovated flex building with new storefront, high ceilings, and secure fenced rear loading for up to two box trucks.
Where is this flex space located?
The property is located at 508 Daniels Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Fully renovated flex building with a brand‑new modern glass storefront and entry for street presence; Open flexible interior layout with high ceilings and exposed trusses for office, retail, showroom, or light industrial use; Secure parking and loading: 6 dedicated front spaces plus 6–8 additional rear spaces
