South Knox Flex
6308 Chapman Hwy Knoxville, TN 37920
6308 Chapman Hwy, Knoxville, TN, 37920
$625,000
For Sale
$625,000
Flex property with office and warehouse space in South Knox.
Property Size7,832 SF
Lot Size0.80 Acres
Price / SF$79.80
Days on Market138
Property Features for 6308 Chapman Hwy
General Information
- Standard status
- Active
- Size
- 7,832 SF
- Lot size
- 0.80 Acres
- Property subtype
- retail.free_standing_building
Listing agency
Avison Young - US - TN - Knoxville
(865) 803-5330
Listed by
Keith Cunningham · License #364657
Source
Avisonyoung
Added: Mar 7 Updated: Jul 10 at 3:56PM Checked: Jul 10 at 3:56PM
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 Avison Young - US - TN - Knoxville
Investment Insights
Based on property information with market context.
This South Knox flex property features approximately 7,832 square feet of space, blending office and warehouse functionalities. The layout includes around 3,200 square feet of office space and approximately 4,600 square feet of warehouse area. Situated on Chapman Hwy, the property benefits from high visibility and traffic. The property is approximately 0.80 acre, with a significant portion located in the rear, offering potential for additional storage or future expansion. Access is facilitated by one drive-in door and one dock door. Zoned C-H-2, the property accommodates multiple uses, suitable for various business needs. This property is located in one of Knoxville’s fastest growing areas and could be used as a retail showroom, office, or warehouse distribution center.
Key Highlights
- High visibility location on Chapman Hwy with high traffic counts.
- Flex property with +/- 7,832 sq ft of combined office and warehouse space.
- Zoned C‑H‑2, allowing for multiple business uses (retail, office, warehouse).
Local Financial Insights For Industrial
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 | $79.9k | $10.20 |
| − Vacancy | −$4.8k | −$0.61 |
| EGI | $75.1k | $9.59 |
| − OpEx | −$22.5k | −$2.88 |
| NOI | $52.6k | $6.71 |
7,832 SF · lease $10.20/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,617 @ 7.0% cap · market cap 16.58%
Second Best
Flex RnD
$973.9K
$852.2K – $1.14M
NOI $68,176 @ 7.0% cap · market cap 10.91%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,788 @ 7.0% cap · market cap 21.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mc Clung Medical ...
IT Consulting Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex property with office and warehouse space in South Knox.
Where is this flex space located?
The property is located at 6308 Chapman Hwy Knoxville, TN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: High visibility location on Chapman Hwy with high traffic counts.; Flex property with +/- 7,832 sq ft of combined office and warehouse space.; Zoned C‑H‑2, allowing for multiple business uses (retail, office, warehouse).
