Technical
Financial
Distress signals
Property profile

640 Northpark Dr Clinton, TN 37716

OFF-MARKET
Manufacturing properties
Property ID
US80-0949652
66,160 SF 9.35 ac lot Built 1995
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 66,278-square-foot industrial warehouse in Clinton, Tennessee, offers a prime location for manufacturing, warehousing, or distribution operations. Situated on Northpark Drive, it benefits from convenient access to Interstate 75, placing it within 20 miles of downtown Knoxville. The property features 30 dock doors and is undergoing significant improvements, including fresh paint, energy-efficient LED lighting, new HVAC systems, and upgraded exterior pavement and dock doors. Its strategic location in Anderson County provides access to major transportation arteries, connecting businesses to a significant portion of the U.S. population within a day's drive. The Knoxville area's robust industrial growth, fueled by low operating costs and its central location at the intersection of Interstates 40, 75, and 81, has attracted numerous major corporations, including Amazon, 3M, Newell, Denso, Toyota, and Aisin. This single-tenant building presents a compelling opportunity for businesses seeking efficient and well-connected industrial space in a thriving market. The property is classified as industrial, with subtypes including manufacturing, warehouse, and distribution. The building's size is 66,278 square feet, and it's located in the Knoxville submarket, Clinton submarket cluster, Anderson County, Tennessee, with a zip code of 37716.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1995
Construction FRAME
Total area 66,160 SF
Lot 9.35 ac (407,286 SF)
APN 001043 13000
UPID US80-0949652

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Warehouse & Storage
  • Consultant

Location

640 Northpark Dr Clinton, TN 37716-6762
Clinton metro Census 20902 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.92M
CAP Approach CAP
$6.83M
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.59M

Owner & transaction history

since 2023
Last sale
$9.3M
4 recorded transactions
2023
$9.3M
2022
Price N/A
2004
$1.3M
1989
$200,000

Zoning & alternative use

Top alternative use upside
Retail stores $5.9M +5.5%

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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