Flex Space with
For Sale
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6447 RUTLEDGE PIKE, Knoxville, TN 37924
Combined office, residential-style, garage, and workshop improvements provide a versatile commercial configuration.
Property Size2,612 SF
Price / SF$223.97
Days on Market176
Property Features for 6447 RUTLEDGE PIKE
General Information
Standard status
Active
Size
2,612 SF
Property subtype
Office, Industrial
Zoning
Commercial
Additional Details
Warehouse Space
1,408 SF
Building Details
Year Built
2006
Buildings
2
Stories
1
Units
1
Listing Agency:
Brackfield & Associates
Listed By:
Buddy Brackfield · License #249283
(865) 691-8195
Source:
Crexi
Added: Apr 24
Changed: Sep 17
Last Checked: Oct 14 at 11:43PM
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
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Investment Insights
Based on property information with market context.
This flex property combines a 3 bed, 2 bath house/office with an attached 2-car garage and a separate 3-bay workshop. The workshop contains 1,408 SF and is equipped with 10-foot-high roll-up doors. Total property size is 2,612 square feet, creating a compact configuration with office, garage, and workshop components.
Key Highlights
- 3 bed, 2 bath house/office component
- Attached 2‑car garage
- 3‑bay workshop with 1,408 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,557
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,140
$691.1K
Cap Rate 7%
$493,671
$493.7K
Cap Rate 9%
$383,967
$384.0K
Market Conditions
NOI Build-Up for 2,612 SF
Gross rent
$54.9K $21.00/SF
− Vacancy
−$8.8K −$3.36/SF
EGI
$46.1K $17.64/SF
− OpEx
−$11.5K −$4.41/SF
NOI
$34.6K $13.23/SF
Area
Knoxville, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,140
Cap Rate 7%
$493,671
Cap Rate 9%
$383,967
Alternative Uses
Best Use
Office B
$493.7K
$432.0K – $576.0K
NOI $34,557 @ 7.0% cap · market cap 5.91%
Second Best
Flex RnD
$324.8K
$284.2K – $379.0K
NOI $22,737 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$646.9K
$566.1K – $754.8K
NOI $45,286 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37924, TN
12,894
Population
6,052
Households
2.1
Avg Household Size
41
Median Age
28%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
462
Density / Sq Mi
$73,794
Median Household Income
$40,594
Median Earnings
$1,020
Median Rent
$217,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Combined office, residential-style, garage, and workshop improvements provide a versatile commercial configuration.
Where is this flex space located?
The property is located at 6447 RUTLEDGE PIKE Knoxville, TN.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 3 bed, 2 bath house/office component; Attached 2‑car garage; 3‑bay workshop with 1,408 SF
