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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    490 Sam Rayburn Pkwy Lenoir City, TN 37771-3356

    • Manufacturing properties
    • 33,755 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2138447
    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

    • Manufacturing properties

    Property Details for 490 Sam Rayburn Pkwy

    Year built
    2020
    Lot size
    6.00 lot acres
    Property size
    33,755 SF
    Property type
    Manufacturing properties
    APN
    073050 02424
    APU
    7305002424

    Description

    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).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,238,000
      Market price range: $323k - $1.24M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $760,000
      Current use
      WAREHOUSE, STORAGE
      $1,155,000
      Change: +52% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Roane
    State
    Tennessee
    Longitude
    -84.3494
    Latitude
    35.8948
    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
    $60,000
    $845,720
    $905,720
    -
    $150,000
    $2,114,300
    $2,264,300

    Comparable in this City

    • Value Estimation
      $1,535,000
      23,005 SF

      3700 Industrial Park Dr

      MANUFACTURING (LIGHT) • 23,005 SF
      3700 Industrial Park Dr, Lenoir City, TN 37771-3202
      View Details
    • Value Estimation
      $2,285,000
      209,882 SF

      100 Yale Ave

      MANUFACTURING (LIGHT) • 209,882 SF
      100 Yale Ave, Lenoir City, TN 37771-3226
      View Details
    • Value Estimation
      $2,930,000
      113,152 SF

      4700 Industrial Park Dr

      MANUFACTURING (LIGHT) • 113,152 SF
      4700 Industrial Park Dr, Lenoir City, TN 37771-3206
      View Details
    • Value Estimation
      $1,405,000
      81,420 SF

      2911 Industrial Park Dr

      MANUFACTURING (LIGHT) • 81,420 SF
      2911 Industrial Park Dr, Lenoir City, TN 37771-3209
      View Details
    • Value Estimation
      $8,730,000
      464,482 SF

      2560 Buttermilk W Rd

      MANUFACTURING (LIGHT) • 464,482 SF
      2560 Buttermilk W Rd, Lenoir City, TN 37771-3347
      View Details
    • Value Estimation
      $660,000
      36,535 SF

      175 Mcghee Blvd

      MANUFACTURING (LIGHT) • 36,535 SF
      175 Mcghee Blvd, Lenoir City, TN 37771-2097
      View Details

    Similar Nearby for Sale

    • $249,999
      4.77 Acres

      Lenoir City Land For Sale

      4.77 acre lot in Lenoir City, Tennessee.
      150 Copenhaver Rd, Lenoir City, TN 37771
      View Details
    • $600,000
      1,670 SF

      Lenoir City Office Investment Opportunity

      Recently renovated office space occupied by long-term tenants.
      1015 E 1St Ave, Lenoir City, TN 37771
      View Details
    • $285,000
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      Unrestricted Land in Lenoir City

      Three unrestricted acres perfect for building a dream home.
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    • $1,625,000
      Pending

      Commercial Land Near Interstate 40

      5 acres of commercial land near Interstate 40 and Highway 321.
      Highway 321, Lenoir City, TN 37771
      View Details
    • $325,000
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      5-Acre Lot in Gated Community

      Private 5-acre lot in a convenient, gated community.
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    • $2,750,000
      18,750 SF

      Lenoir City Office Building For Sale

      18,750 SF office building with flexible design potential.
      2265 Old Highway 95, Lenoir City, TN 37771
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      431,378 SF

      Knoxville Logistics Center: 431,378 SF

      Class A industrial space, ideal for distribution.
      128 Pawnook Farm Rd, Lenoir City, TN 37771
      View Details
    • $15 SF/Yr
      12,000 SF

      Versatile Property with Interstate Visibility

      Two buildings totaling 12,000 SF with outdoor storage.
      14395 Hickory Creek Rd, Lenoir City, TN 37771
      View Details
    • $9 SF/Yr
      40,000 SF

      New Construction Warehouse with Visibility

      New construction warehouse with I-40 visibility, 25 minutes from Knoxville.
      Buttermilk Rd, Lenoir City, TN 37771
      View Details
    • $18 SF/Yr
      38,000 SF

      Flex Office/Warehouse Space Available

      Flex office/warehouse space with lock off warehouse and quick access.
      501 Adesa Blvd, Lenoir City, TN 37771
      View Details
    • $9 SF/Yr
      147,668 SF

      Distribution Center Ready For Occupancy

      Class A distribution center in Roane County, Tennessee available now.
      128 Pawnook Farm Rd, Lenoir City, TN 37771
      View Details
    • $30 SF/Yr
      8,300 SF

      New Retail Center on Highway

      New retail center with high visibility and drive-thru potential.
      780 S 321, Lenoir City, TN 37771
      View Details
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    Lenoir City, TN 37771-3356
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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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