Property profile

490 Sam Ray Burn Pkwy Lenoir City, TN 37771

FOR LEASE
Manufacturing properties
Property ID
US80-2138447
33,755 SF 6 ac lot Built 2020
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 33,750-square-foot industrial facility, built in 2020, is situated on a six-acre lot in Lenoir City, Tennessee, just two miles from I-40. The single-story building boasts 20-24 foot clear ceiling heights, three dock-high doors, one drive-in bay, and one grade-level roll-up door, providing ample loading and unloading capabilities. The property includes 1,500 square feet of conditioned office space, a wet sprinkler system, and robust power (800 Amps 480V/277 3-Phase). Zoned I-2, this vacant property offers significant potential for a variety of industrial and distribution uses. Its location within the Knoxville MSA, coupled with its proximity to the Lenoir City Industrial Park and major transportation routes, makes it an ideal location for businesses seeking efficient logistics and access to a skilled workforce. The ample lot size allows for future expansion or outdoor storage. The asking price is $4,450,000, with an occupancy date of January 22, 2025. The property's address is 490 Sam Rayburn Pkwy, Lenoir City, TN 37771 (APN: 050 02424).

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2020
Total area 33,755 SF
Lot 6 ac (261,360 SF)
APN 073050 02424
UPID US80-2138447

Cap rate & NOI

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

Location

490 Sam Ray Burn Pkwy Lenoir City, TN 37771
Lenoir City metro Census 30206 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$590k

Owner & transaction history

since 2025
2 recorded transactions
2025
$4.5M
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.2M +51.7%

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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More about this property
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