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    2129 Chipman St Knoxville, TN 37917

    Sponsored
    For Sale
    $5,400,000

    55,000 SF Warehouse, $5.4M Asking

    Property size:
    55,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 55,000-square-foot warehouse, located at 2129 Chipman St, Knoxville, TN 37917, presents a significant investment opportunity. Built in 1972, this single-story industrial property sits on a 3.1-acre lot and boasts a 16-foot ceiling height, providing ample storage and operational space. The warehouse features twelve loading docks, ensuring efficient loading and unloading operations. Currently operating as a single-tenant property, the building is available for purchase at an asking price of $5,400,000, translating to $98.18 per square foot. The property's convenient Knoxville location offers easy access to major transportation routes and a robust workforce. The current tenant is on a month-to-month lease. This presents a flexible option for the new owner, allowing for immediate occupancy or the implementation of a new lease agreement. The property's size, features, and location make it an ideal asset for a variety of industrial businesses seeking a substantial and well-maintained warehouse space in a thriving market. Serious inquiries are encouraged.

    Property Features for 2129 Chipman St

    General Information

    Property type
    Distribution properties
    Square Feet
    55,000 SF
    Lot Size
    135,036 SF

    Building Details

    Year Built
    1972
    Stories
    1

    HighLights

    • 55,000 SF warehouse on a 3.1‑acre lot in Knoxville, TN.
    • Single‑story building with 16' ceiling height.
    • Twelve loading docks for efficient operations.
    • Asking price: $5,400,000 ($98.18/SF).
    • Month‑to‑month tenancy allows for flexible occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Black Oak Logistics Corporate Office Knoxville Box and Container Packaging Supply Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9087279
    Latitude
    35.9908913

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    FAQs

    What type of property is this?
    Distribution property - 55,000 SF Warehouse, $5.4M Asking
    Where is this distribution property located?
    The property is located at 2129 Chipman St Knoxville, TN.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: 55,000 SF warehouse on a 3.1-acre lot in Knoxville, TN.; Single-story building with 16' ceiling height.; Twelve loading docks for efficient operations.
    Request Owner's contact information
    2129 Chipman St Knoxville, TN 37917
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    Knoxville, TN 37917
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    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
    2129 Chipman St Knoxville, TN 37917
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