1529 Hwy 11e, New Market, TN 37820
- Commercial real estate
- 5.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1529 Hwy 11e
- Lot size
- 5.00 lot acres
- Zone code
- I-1
- Property type
- Commercial real estate
- APN
- 032 04301
- APU
- 3204301
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 26, 2025 | — | Rocky Top Self Storage INC | — | Deed · related | $80k · Eastman Cu |
| Jun 10, 2024 | — | Rocky Top Self Storage INC | — | Deed · related | $700k · Eastman Cu |
| Jul 28, 2022 | — | Rocky Top Self Storage INC | — | Deed · related | $125k · Eastman Cu |
| Nov 1, 2021 | — | Rocky Top Self Storage INC | — | Deed · related | $1.9M · Eastman Cu |
| Feb 28, 2020 | $275,000 | Rocky Top Self Storage INC | Robert Stelmack | Warranty Deed | $1.1M · Eastman Cu |
| Mar 1, 2018 | $240,100 | Robert Stelmack | Perrin,troy M & Linda H | Warranty Deed | — |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- New Market
- County
- Jefferson
- State
- Tennessee
- Longitude
- -83.5894
- Latitude
- 36.0887
- CBSA code
- 34100
- CBSA name
- MORRISTOWN, TN METROPOLITAN STATISTICAL AREA
