Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1529 Highway 11E New Market, TN 37820

    Sponsored
    For Sale
    $5,000,000

    Self Storage Facility, High Occupancy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional self-storage facility in New Market, Tennessee, presents a compelling investment opportunity. Priced at $5,000,000, it boasts a 6.97% pro-forma cap rate and a $348,500 pro-forma NOI. The property comprises 13 buildings on a 5-acre lot, featuring a total of 318 units, including recently added and soon-to-be-added units. Construction dates range from 2001 to 2024, with 85 more units slated for completion in Summer 2024. Currently, the occupancy rate stands at 95%. The facility benefits from a highly visible, centrally located position, just a short distance from Knoxville and Jefferson City. Features include an excellent unit mix, low operating expenses, and easy remote management capabilities. Recent improvements encompass new fencing, landscaping, and exterior lighting. The property also offers ample outdoor storage for RVs, boats, and campers. This is a turnkey operation with significant potential for future growth and expansion. The property's strong performance and strategic location make it an attractive investment for discerning buyers.

    Property Features for 1529 Highway 11E

    General Information

    Property type
    Self storage facilities
    Lot Size
    217,800 SF

    Building Details

    Year Built
    2001
    Buildings
    13
    Stories
    1
    Units
    318

    HighLights

    • $5,000,000 Asking Price for this self‑storage facility.
    • 6.97% Pro‑Forma Cap Rate, generating a $348,500 Pro‑Forma NOI.
    • 318 Units across 13 buildings on a 5‑acre lot.
    • Conveniently located in New Market, TN, offering excellent visibility and expansion potential.
    • Strong unit mix with recently added units and future expansion planned.
    • Low operating expenses and easily remotely managed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Auto Repair Shop Auto Parts Store Food Market Storage Facility Grocery Store Pawn Shop Florist Pet Grooming Service Butcher

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.58978876
    Latitude
    36.08972669

    Nearby Comparable

    • $225,000

      Professional Office Building in New Market

      Brick office building with ample parking and natural light.
      980 Hwy W, New Market, TN 37820
      View Details
    • $299,000
      4,348 SF

      Historic Church Building, New Market, TN

      Prime East TN location, versatile space, investment potential.
      920 Churchview St, New Market, TN 37820
      View Details
    • $265,000
      0.50 Acres

      Historic Mixed-Use Building in New Market

      Historic building in New Market, TN, with versatile layout and potential.
      920 Churchview St, New Market, TN 37820
      View Details
    • $265,000
      3,662 SF

      Historic Building in New Market

      Historic building with over 4,300 SqFt in New Market, TN.
      920 Churchview St, New Market, TN 37820
      View Details
    • $1,800,000

      Corner Land Parcel on Highway

      Large corner lot with highway frontage and development potential.
      1769 Andrew Johnson Hwy, New Market, TN
      View Details
    • $3,500,000
      49.04 Acres

      Riverfront Acreage with Development Potential

      49 acres with 4,300+ feet of Holston River frontage.
      598 Horse Shoe Bend Rd, Blaine, TN 37709
      View Details

    Nearby Similar for Sale

    • $265,000
      3,662 SF

      Historic Building in New Market

      Historic building with over 4,300 SqFt in New Market, TN.
      920 Churchview St, New Market, TN 37820
      View Details
    • $265,000
      0.50 Acres

      Historic Mixed-Use Building in New Market

      Historic building in New Market, TN, with versatile layout and potential.
      920 Churchview St, New Market, TN 37820
      View Details
    • $225,000

      Professional Office Building in New Market

      Brick office building with ample parking and natural light.
      980 Hwy W, New Market, TN 37820
      View Details
    • $500,000
      2,000 SF

      Mixed-Use Investment Opportunity

      Office, multifamily, and self-storage property in New Market, Tennessee.
      1701 Dumplin Loop Rd, New Market, TN 37820
      View Details
    • $299,000
      4,348 SF

      Historic Church Building, New Market, TN

      Prime East TN location, versatile space, investment potential.
      920 Churchview St, New Market, TN 37820
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Self Storage Facility, High Occupancy
    Where is this self storage facility located?
    The property is located at 1529 Highway 11E New Market, TN.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 Asking Price for this self-storage facility.; 6.97% Pro-Forma Cap Rate, generating a $348,500 Pro-Forma NOI.; 318 Units across 13 buildings on a 5-acre lot.
    Request Owner's contact information
    1529 Highway 11E New Market, TN 37820
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1529 Highway 11E
    New Market, TN 37820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1529 Highway 11E New Market, TN 37820
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.