425 Gateway Ave Rockwood, TN 37854
- Manufacturing properties
- 248,439 SF
- 9.26 lot acres
Current Use by Public Records
- Albahealth, an Encompass Group, LLC Company / Manufacturer
Property Details for 425 Gateway Ave
- Year built
- 1905
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 9.26 lot acres
- Property size
- 248,439 SF
- Zone code
- M-1
- Property type
- Manufacturing properties
- APN
- 073054E K 00200
- APU
- 073054EK00200
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,550,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,360,000
- 6.5%
- $2,790,000
- 7%
- $2,500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,865,000
- Geo Method
- $2,770,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,340,000
- Retail
- $2,255,000
- Mixed-Use
- $2,765,000
- Hospitality
- $2,760,000
- Educational
- $2,560,000
- Residential Income
- $2,685,000
- Energy
- $2,435,000
- Income-Based Land
- $2,580,000
- Food Service
- $2,930,000
Location Insight
- Map
- Local Demand
- City
- Rockwood
- County
- Roane
- State
- Tennessee
- Longitude
- -84.6812
- Latitude
- 35.8707
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
