Knoxville Commercial Property for
8421 Asheville Hwy Knoxville, TN 37924
8421 Asheville Hwy, Knoxville, TN, 37924
$150,000
Pending
For Sale
$150,000
Pending
COMMERCIAL - Knoxville, TN
Property Size536 SF
Days on Market1976
Property Features for 8421 Asheville Hwy
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 15
- Standard status
- Pending
- APN
- 062 234
- Size
- 536 SF
Taxes and HOA fees
- Tax Annual Amount
- 785
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Building materials
- Steel Siding
Listing Agency
Hammontree Real Estate
(865) 573-0145
424 Governor John Sevier Hwy, Seymour, TN
Listed by
Pamela Hammontree
(865) 573-0145
Added: Feb 18, 2021 Checked: Jul 18 at 5:06 am
MLS# 1144029
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is located in Knoxville, TN. It features a masonry building with an approximate area of 536 square feet. Currently used as a car lot, the property has approximately 159 feet of frontage on Asheville Hwy. A third metal garage building is also present on the lot, which the tenant will likely remove. Showings are available by appointment only.
Key Highlights
- Approximately 159 ft of frontage on Asheville Hwy.
- Masonry building on the property.
- Steel siding construction.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.6k | $21.60 |
| − Vacancy | −$579 | −$1.08 |
| EGI | $11.0k | $20.52 |
| − OpEx | −$3.3k | −$6.16 |
| NOI | $7.7k | $14.36 |
536 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$110.0K
$96.2K – $128.3K
NOI $7,699 @ 7.0% cap · market cap 5.13%
Second Best
Industrial
$51.4K
$45.0K – $60.0K
NOI $3,597 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$132.8K
$116.2K – $154.9K
NOI $9,293 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SOLOMON AUTOS
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Thompson Leasing, LLC (dba Landmark Idealease) — 4550 Rutledge Pike, Knoxville, TN 37914
- U-Haul Moving & Storage of East Town — 4612 Rutledge Pike, Knoxville, TN 37914
- U-Box at U-Haul — 4612 Rutledge Pike, Knoxville, TN 37914
- Trailer Rental at U-Haul — 4612 Rutledge Pike, Knoxville, TN 37914
- Propane Refill at U-Haul — 4612 Rutledge Pike, Knoxville, TN 37914
FAQs
What type of property is this?
Parking lot & garage - Commercial property on Asheville Hwy, Knoxville, suitable for various uses.
Where is this parking lot & garage located?
The property is located at 8421 Asheville Hwy Knoxville, TN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Approximately 159 ft of frontage on Asheville Hwy.; Masonry building on the property.; Steel siding construction.
