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    New Industrial Office/Warehouse Space Title is generated by Realmo AI

    10657 Checkerboard Lane, Knoxville, TN

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    New construction office/warehouse near I-40 and Pellissippi Parkway.

    Type:INDUSTRIAL
    Property size:
    11,700 SF
    Lot size:
    4.41 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 5 at 8:11 pm

    Property Features for 10657 Checkerboard Lane

    General Information

    Standard status
    Active
    Size
    11,700 SF
    Lot size
    4.41 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Rob Strickland

    Listing agent Rob Strickland

    Listing office Furrow Strickland Real Estate Services

    Listing date Nov 23, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Furrow Strickland Real Estate Services

    HighLights

    • New Construction: Brand‑new industrial office/warehouse space.
    • Strategic Location: Less than one mile from I‑40 and Pellissippi Parkway.
    • Large Warehouse Space: Enjoy a spacious 10,500 SF clear span warehouse.
    • Functional Design: Suitable for wholesale, warehousing, distribution, equipment sales, light manufacturing, and storage.
    • Ample Power Supply: Benefit from a robust 400 Amp, 3‑Phase Electric.
    • Climate Controlled: Features a heated warehouse and heated & cooled office.

    Overview

    This new construction industrial office/warehouse space offers 11,700 square feet in West Knoxville. The property is strategically located less than one mile from both the Lovell Road exit on I-40 and the Dutchtown Road exit on Pellissippi Parkway. The warehouse provides 10,500 square feet of space with 130’ x 80’ clear span, while the office area offers 1,200 square feet with 40’ x 30’. The building includes one 12’ x 14’ drive-in door and one 10’ x 10’ loading dock door. The eave height ranges from 18’ to 21’, with a center height of 20’6’’. It features 400 amp, 3-phase electric power, high-efficiency LED lighting, a metal standing seam roof, and 4” concrete floors. There are 11 standard parking spaces and 1 handicap space available. The warehouse is heated, and the office area is heated and cooled. Signage is available with owner approval. The clear span warehouse space is designed for functionality, suitable for wholesale, warehousing, distribution, equipment sales, some light manufacturing, and storage. The estimated delivery date is mid-January 2026.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Self Storage — 517 market st, knoxville, tn 37902
    • Otis Elevator Company — 900 E Hill Ave #250, Knoxville, TN 37915
    • Fairprice Movers — 129 W Jackson Ave #203, Knoxville, TN 37902
    • Volunteer Landing Marina — 956 Volunteer Landing Ln, Knoxville, TN 37915

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9195
    Latitude
    35.9605

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    FAQs

    What type of property is this?
    Warehouse - New construction office/warehouse near I-40 and Pellissippi Parkway.
    Where is this warehouse located?
    The property is located at 10657 Checkerboard Lane Knoxville, TN.
    What are key features of this property?
    This property features: New Construction: Brand‑new industrial office/warehouse space.; Strategic Location: Less than one mile from I‑40 and Pellissippi Parkway.; Large Warehouse Space: Enjoy a spacious 10,500 SF clear span warehouse.
    (865) 521-7500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rob Strickland
    Learn More
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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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