Warehouse with Office Space and Garage
New
For Sale
Contact for pricing
5136 Hwy 321 North, Lenoir City, TN 37771
Warehouse and finished office space with three garage doors, two HVAC systems, and 50-amp RV hookup.
Property Size5,985 SF
Price / SF$166.25
Days on Market5
Property Features for 5136 Hwy 321 North
General Information
Standard status
Active
Size
5,985 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
4,000 SF
Office Build-Out
2,000 SF
Drive-In Doors
3
Amenities
large pole sign
kitchen/breakroom
50-amp RV hookup
Listing Agency:
Goldman Partners Realty, LLC
(865) 368-2787
Listed By:
Solange Velas, CCIM · License #263596
(865) 368-2787
Source:
Moodyscre
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 11:19AM
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 Goldman Partners Realty, LLC
Investment Insights
Based on property information with market context.
This warehouse includes 4,000 SF of open warehouse space with a 14 ft clear span, plus three 9 ft garage doors (one roll-up and two auto open). The property also features approximately 2,000 SF of finished office space with four private offices, a kitchen/breakroom, and two bathrooms.
Recent upgrades are noted throughout, including vinyl flooring and shiplap walls, and two HVAC systems installed in 2021 and 2013. Electrical includes Square D electrical panels, and there is a 50-amp RV hookup. The main roof is metal with an adjacent comp shingle roof.
Additional operational convenience is supported by the location on Hwy 321, with quick access to the junction of I-75 & I-40. The property is described as having average daily traffic of 13,000 and a large pole sign.
Recent upgrades are noted throughout, including vinyl flooring and shiplap walls, and two HVAC systems installed in 2021 and 2013. Electrical includes Square D electrical panels, and there is a 50-amp RV hookup. The main roof is metal with an adjacent comp shingle roof.
Additional operational convenience is supported by the location on Hwy 321, with quick access to the junction of I-75 & I-40. The property is described as having average daily traffic of 13,000 and a large pole sign.
Key Highlights
- 4,000 SF open warehouse space with 14 ft clear span
- Approximately 2,000 SF finished office with four private offices
- Three 9 ft garage doors (one roll‑up, two auto open)
Financial Insights For Office B
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 | $125.7k | $21.00 |
| − Vacancy | −$20.1k | −$3.36 |
| EGI | $105.6k | $17.64 |
| − OpEx | −$26.4k | −$4.41 |
| NOI | $79.2k | $13.23 |
5,985 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$989.8K – $1.32M
NOI $79,182 @ 7.0% cap · market cap 7.96%
Second Best
Flex RnD
$744.3K
$651.2K – $868.3K
NOI $52,098 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,766 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37771, TN
16,822
Population
7,573
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
50.1 sq mi
ZIP Area
336
Density / Sq Mi
$62,338
Median Household Income
$33,330
Median Earnings
$946
Median Rent
$236,700
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 - Warehouse and finished office space with three garage doors, two HVAC systems, and 50-amp RV hookup.
Where is this flex space located?
The property is located at 5136 Hwy 321 North Lenoir City, TN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,000 SF open warehouse space with 14 ft clear span; Approximately 2,000 SF finished office with four private offices; Three 9 ft garage doors (one roll‑up, two auto open)
