6621 Highway 411Greenback, TN 37742

Property Details for 6621 Highway 411

Year built

1950

Lot size

16.43 AC

Property size (Sq ft)

7,070 SF

Zone code

C-1

Property type

Office properties

Property subtype

Other office properties

APN

053080 05400

APU

5308005400

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,240,751

  6.5%

  $1,145,309

  7%

  $1,063,501

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,379,074

  Geo Method

  $1,379,074

• Alternative Use

  Use

  Valuation

  Residential

  $1,420,183

  Hospitality

  $1,300,880

  Educational

  $1,082,317

  Medical

  $1,119,539

  Retail

  $1,683,604

Location Insight

City

Greenback

County

Loudon

State

Tennessee

Latitude

35.6397

Longitude

-84.1505

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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