Property profile

6621 Hwy 411th S Greenback, TN 37742

OFF-MARKET
Office Spaces
Property ID
US80-1979631
7,070 SF 16.43 ac lot Built 1950
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This thriving Greenback, TN location offers flexible warehouse spaces ranging from 800 to 20,000 square feet, perfect for various business needs. The property, situated on 16.46 acres with direct Hwy 411 access, boasts a Class C, single-story building renovated in 2023. Multiple tenants are already on-site, creating a vibrant and established community. Units are available as shell space, priced at $7.00 per square foot (modified gross), featuring new roll-up, drive-in doors and three-phase power. The largest unit includes a truck-height dock and approximately 20-foot high storage. Smaller units offer approximately 800 square feet of adaptable space. The property's existing infrastructure, including transformers, is ready for immediate use. Landlords have a proven track record of customizing spaces to meet tenant requirements, transforming raw structures into functional, aesthetically pleasing work environments. This is an exceptional opportunity to secure a well-located, renovated warehouse space in a rapidly growing area. The property offers multiple buildings and layouts to accommodate diverse business needs, from storage facilities to storage/showroom combinations.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1950
Total area 7,070 SF
Lot 16.43 ac (715,691 SF)
Zoning code C-1
APN 053080 05400
UPID US80-1979631

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
  • General Contractor
  • Industrial Manufacturer Factory

Location

6621 Hwy 411th S Greenback, TN 37742-2158
Greenback metro Census 60400 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
$601k
Blend (final) Blend
$665k

Owner & transaction history

since 2023
Last sale
$500,000
4 recorded transactions
2023
$500,000
2017
$160,000
2012
$7,500
2006
Price N/A

Zoning & alternative use

C-1 · Greenback, TN
Zoning description

4-406. C-1, Central Business District. In order to protect and improve the principal shopping area of Greenback, and to permit and encourage concentrated development of offices and shipping facilities, a Central Business…

General category COMMERCIAL

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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