Technical
Financial
Distress signals
Property profile

185 Main St Newport, TN 37821

OFF-MARKET
Manufacturing properties
Property ID
US80-0324127
29,682 SF 0.83 ac lot Built 1939
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This expansive industrial property, located at 185 W Main Street Unit 185, Newport, TN, presents a unique investment opportunity. The 0.83-acre lot houses a substantial 19,875 square foot warehouse, complemented by an additional 10,930 square feet of uncovered space at the rear. Built in 1939 as part of the Rhyne Lumber Company, this building boasts a rich history and offers immense potential for redevelopment. While requiring renovation, a structural engineer's report confirms the building's structural integrity. The necessary updates include the sprinkler system, electrical wiring, plumbing, and roof. The price has been reduced to offset the cost of these improvements. Despite the needed renovations, the warehouse's size and location in Newport, TN, make it an attractive proposition for a variety of commercial uses. The open layout provides flexibility for customization, allowing for the creation of modern, efficient workspace. Serious inquiries are encouraged to explore the possibilities this historic property offers. The property is available for immediate viewing.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1939
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 29,682 SF
Lot 0.83 ac (36,155 SF)
APN 015047O B 00100
UPID US80-0324127

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

185 Main St Newport, TN 37821
Newport metro Census 920200 NEWPORT, TN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2025
Last sale
$400,000
2 recorded transactions
2025
$1.4M
2022
$400,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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