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Property profile & analytics
OFF-MARKET Estimated value $2,550,000
Manufacturing properties

425 Gtwy Ave Rockwood, TN 37854-2336

248,439 SF 9.26 ac lot Built 1905
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-0856110
Property summary
AI-generated overview

This exceptional Rockwood, Tennessee industrial property, located at 425 N Gateway Ave, 37854, offers 129,538 square feet of immediately available warehouse space within a larger 247,460 square foot building. The property boasts a prime location in Roane County, strategically situated between Knoxville and Crossville with convenient highway access. Built in 1905 and renovated in 1924, this Class C building features a two-story design with an 18'2" ceiling height. Recent improvements include a new roof, energy-efficient LED lighting, a newly paved parking lot complete with a heavy-duty truck court, and a fresh coat of paint throughout the interior. The space is fully sprinklered for safety and includes five dock-high doors equipped with awnings and levelers, along with two drive-in doors to facilitate efficient loading and unloading. The property also includes substantial power capacity, designated as "Heavy Power". The building is zoned M-1 and sits on a 9.26-acre lot. The layout includes 57,309 square feet of warehouse space and 7,370 square feet of office space on the main level, and an additional 64,679 square feet of warehouse space on the lower level. This versatile space is perfect for various manufacturing, distribution, or warehousing operations.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1905
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 248,439 SF
Lot 9.26 ac (403,366 SF)
Zoning code M-1
APN 073054E K 00200
UPID US80-0856110
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Albahealth, an Encompass Group, LLC Company Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.46M
Blend (final) Blend
$2.55M
Owner & transaction history
The Industrial Development Board Of · 2 yrs held
The Industrial Development Board Of
since 2024
Last sale
$2.6M
7 recorded transactions
2024
Price N/A
2023
$2.0M
2023
Price N/A
2022
Price N/A
2020
Price N/A
2009
Price N/A
2008
Price N/A
Zoning & alternative use
M-1 · Rockwood, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The intent of the M-1, Light Industrial District is to provide areas for manufacturing, warehousing and similar light industrial uses, such areas should be located where there is good road access and where adequate utilities are available, they should also be located where allowed uses will not adversely affect residential districts and uses

Zone name Light Industrial
General category INDUSTRIAL
Zone area 58.85 ac
Source Realmo
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