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    Ed Thompson, Knoxville, TN

    License ID: 313343
    Sig Real Estate Llc
    Association
    Knoxville Area Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (865) 777-0000
    Office Address:
    11470 Parkside Dr Ste 300, Knoxville, TN, 37934

    Performance

    Listings
    13

    Listings

    For Sale (9)

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    • Contact for pricing
      10,776 SF

      Industrial Office and Warehouse Space

      Two-story industrial property with office and warehouse space for sale.
      3502 Overlook Cir, Knoxville, TN 37909
      View Details
    • Contact for pricing

      Development Tract off the Parkway

      Planned development tract in Pigeon Forge, part of multi-phase project.
      108 Ranmoor Way, Pigeon Forge, TN 37863
      View Details
    • Contact for pricing

      Pigeon Forge Development Tract

      4.79 acre development tract near Parkway in Pigeon Forge.
      Music Mtn Rd, Pigeon Forge, TN 37863
      View Details
    • Contact for pricing

      Gatlinburg Commercial Development Land

      Commercial development land located near Downtown Gatlinburg, Tennessee.
      Hidden Hills Rd, Gatlinburg, TN 37738
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on the Parkway

      Ground floor retail space with two entrances and river balcony.
      379 Parkway, Gatlinburg, TN 37738
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    • Contact for pricing

      Land Near National Park

      Land with mountain views near downtown Gatlinburg and park entrance.
      Oakley Heights Rd, Gatlinburg, TN 37738
      View Details
    • Contact for pricing
      1,200 SF

      Pigeon Forge Redevelopment Opportunity

      Redevelopment opportunity in Lumberjack Square Shopping Center, Pigeon Forge.
      2530 Parkway, Pigeon Forge, TN 37863
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    • Contact for pricing

      Gatlinburg Commercial Land for Sale

      12 +/- acres of commercial land near Downtown Gatlinburg.
      110 Village Dr, Gatlinburg, TN 37738
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    • Contact for pricing

      Three-Story Free Standing Office Building

      Freestanding three-story building with multiple offices, a lobby, kitchen, and wraparound porch plus parking for on-site teams.
      739 Wears Valley Rd, Pigeon Forge, TN 37863
      View Details

    For Lease (4)

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      Commercial Land Near Interstate 40

      Commercial land available for rent near Interstate 40.
      1018 Deep Springs Rd, Dandridge, TN 37725
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      Lumberjack Square Redevelopment Opportunity

      Redevelopment opportunity in Lumberjack Square Shopping Center.
      2530 Parkway, Pigeon Forge, TN 37863
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    • Contact for pricing

      Gatlinburg Commercial Land For Rent

      Approximately one acre of commercial land available for rent.
      946 East Parkway/ Hwy 321, Gatlinburg, TN 37738
      View Details
    • Contact for pricing

      Former Walgreens Retail Space

      8,241 SF retail space available for lease.
      856 Tennessee Ave, Etowah, TN 37331
      View Details

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    Ed Thompson, Knoxville, TN
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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.

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