Technical
Financial
Distress signals
Property profile

3323 Cosby Hwy Cosby, TN 37722

FOR LEASE
Other warehouses
Property ID
US80-3289784
20,835 SF 2.11 ac lot Built 1967
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Located in Cosby, Tennessee on Cosby Highway (US-321), this self-storage property features a single-story storage building totaling 20,835 square feet on a 2.11-acre lot. The facility includes 126 interior climate-controlled storage units with a unit mix weighted toward 10x10 and 10x20 sizes, and units are secured with controlled interior access. Approximately two-thirds of the parcel is occupied by the building, leaving additional land area for potential future development, such as expansion with added climate-controlled units, drive-up storage, or RV/boat storage. A separate front office space is also present on-site and is configured as independently leased office space with utility responsibility limited to the office tenant for the utilities they use. The property is positioned across from Cosby High School and Cosby Elementary School.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,835 SF
Lot 2.11 ac (91,912 SF)
APN 015102 02700
UPID US80-3289784

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Storage Facility

Location

3323 Cosby Hwy Cosby, TN 37722
Cosby metro Census 920502 NEWPORT, TN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
$491k
Blend (final) Blend
$580k

Owner & transaction history

since 2023
Last sale
$595,000
7 recorded transactions
2023
$595,000
2021
$300,000
2008
$150,000
2001
$180,000
1989
$160,000
1969
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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