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    Property profile & analytics

    425 Gateway Ave Rockwood, TN 37854

    • Manufacturing properties
    • 248,439 SF
    • 9.26 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Last Sale
    May 17, 2024
    $2,550,000
    Value Estimations
    $2,550,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0856110
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Albahealth, an Encompass Group, LLC Company / Industrial Manufacturer / Production Facility

    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,550,000
      ML approach
      $2,550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,459,000
      Market price range: $2.38M - $9.12M

    Get a detailed, property-specific valuation — fast and free

    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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $112,080
    $1,319,400
    $1,431,480
    -
    $280,200
    $3,298,500
    $3,578,700

    Comparable in this City

    • Value Estimation
      $940,000
      45,398 SF

      600 Cardiff Vly Rd

      MANUFACTURING (LIGHT) • 45,398 SF
      600 Cardiff Vly Rd, Rockwood, TN 37854-4129
      View Details
    • Value Estimation
      $1,660,000
      152,556 SF

      315 Cardiff Vly Rd

      MANUFACTURING (LIGHT) • 152,556 SF
      315 Cardiff Vly Rd, Rockwood, TN 37854-4138
      View Details
    • Value Estimation by Request
      16,848 SF

      Clymersville Rd

      MANUFACTURING (LIGHT) • 16,848 SF
      Clymersville Rd, Rockwood, TN 37854
      View Details
    • Value Estimation
      $500,000
      51,747 SF

      129 Manufacturers Rd

      MANUFACTURING (LIGHT) • 51,747 SF
      129 Manufacturers Rd, Rockwood, TN 37854-4105
      View Details
    • Value Estimation by Request
      8,156 SF

      440 Frnt St

      MANUFACTURING (LIGHT) • 8,156 SF
      440 Frnt St, Rockwood, TN 37854-2228
      View Details
    • Value Estimation
      $1,590,000
      81,694 SF

      234 Cardiff Vly Rd

      MANUFACTURING (LIGHT) • 81,694 SF
      234 Cardiff Vly Rd, Rockwood, TN 37854-4135
      View Details

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    • $1,000,000
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    Similar Nearby for Lease

    • $4 SF/Yr
      247,460 SF

      Rockwood Industrial Space Available

      Large warehouse, ideal for distribution.
      425 Gateway Ave, Rockwood, TN 37854
      View Details
    • $2,000 /Mo
      17,250 SF

      Fenced Outdoor Storage Area Available

      Fenced laydown/outdoor storage area for lease with additional open space.
      4760 Roane State Hwy, Rockwood, TN 37854
      View Details
    • Contact for pricing

      Retail Hub in Rockwood, TN

      Retail space in high-traffic area near Interstate 40.
      1494 North Gateway Ave, Rockwood, TN 37854
      View Details
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    425 Gateway Ave
    Rockwood, TN 37854
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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