116 Tellico Industry RdTellico Plains, TN 37385

Property Details for 116 Tellico Industry Rd

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

18.23 AC

Property size (Sq ft)

66,066 SF

Property type

Manufacturing properties

APN

062136 00500

APU

6213600500

Description

This 108,237-square-foot industrial facility in Tellico Plains, Tennessee, presents a compelling value-add investment opportunity. The property, situated on 13.99 acres (APN 136-005.00), comprises a single, 1966-built building renovated in 2021, currently featuring a multi-tenant occupancy with one tenant under a NNN lease expiring December 10, 2024. The building offers a mix of flex, manufacturing, and warehouse space, categorized as Class B, with a permitted GC zoning. Features include 18-foot ceilings, four loading docks, and 27 individual units. Building A (64,505 SF) includes 5,000 square feet of office space and three dock-high doors, while Building B (43,732 SF) features one drive-in door and a covered loading dock with capacity for five trailers. Roofing includes a 2020 EPDM ballasted roof on Building B and a 2015 TPO roof on Building A. The property's strategic location near Highway 68 provides convenient access to Knoxville (approximately 1 hour) and Chattanooga (approximately 1.5 hours), benefiting from proximity to Tellico Industrial Park and Tellico Business Park. The significant square footage and existing infrastructure offer substantial potential for increased revenue through lease-up, renovations, or reconfiguration. This property is ideal for investors seeking a blend of stable income and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $32,798,200

  6.5%

  $30,275,300

  7%

  $28,112,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,735,500

  Geo Method

  $20,618,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $15,466,900

  Mixed-Use / Specialty

  $15,365,900

  Hospitality / Lodging

  $11,213,800

  Office

  $15,226,900

  Institutional / Educational

  $15,958,000

  Residential Income

  $18,670,900

  Multifamily

  $22,646,800

  Automotive / Energy

  $13,678,300

  Parking / Income-Based Land

  $4,765,460

  Restaurant / Food Service

  $7,894,170

  Healthcare / Senior Housing

  $15,804,400

Location Insight

City

Tellico Plains

County

Monroe

State

Tennessee

Latitude

35.3838

Longitude

-84.3069

Property Tax & Assessments

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