Freestanding Turnkey Restaurant and
For Sale
Contact for pricing
110 Cedar Ln, Knoxville, TN 37912
Freestanding restaurant and bar on a large lot with extensive parking, built in 2002 and positioned along a busy commercial corridor.
Property Size6,446 SF
Lot Size1.86 Acres
Price / SF$372.32
Days on Market48
Property Features for 110 Cedar Ln
General Information
Standard status
Active
Size
6,446 SF
Total Parking Spaces
136
Lot size
1.86 Acres
Property subtype
Retail
Zoning
C-Commercial
Additional Details
Asking Price
$2,400,000
Highway Access
Yes
Building Details
Year Built
2002
Buildings
1
Listing Agency:
Cappiello Commercial
Listed By:
Alston Gage · License #TN 370369
(865) 450-8883
Source:
Crexi
Added: Jul 30
Changed: Sep 13
Last Checked: Sep 14 at 5:48AM
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 Cappiello Commercial
Investment Insights
Based on property information with market context.
This freestanding turnkey restaurant and bar building is offered as a ready-to-operate space for food and beverage use. The property includes a restaurant/bar facility within a 6,448 SF building on an approximately 1.86-acre lot, and it was built in 2002. The site provides parking for 150+ vehicles, supporting both customer access and everyday operations.
The location is described as part of a high-traffic North Knoxville commercial corridor with access and visibility near Merchants Drive, Central Avenue Pike, and I-75. This placement can support continued restaurant/bar operations or other commercial conversions consistent with the property’s freestanding site.
The large lot footprint and parking capacity make the property practical for an owner-operator looking for an established restaurant/bar configuration, or for a buyer evaluating adaptive reuse for compatible commercial uses.
The location is described as part of a high-traffic North Knoxville commercial corridor with access and visibility near Merchants Drive, Central Avenue Pike, and I-75. This placement can support continued restaurant/bar operations or other commercial conversions consistent with the property’s freestanding site.
The large lot footprint and parking capacity make the property practical for an owner-operator looking for an established restaurant/bar configuration, or for a buyer evaluating adaptive reuse for compatible commercial uses.
Key Highlights
- Freestanding turnkey restaurant and bar building
- 6,448 SF building size
- Approximately 1.86‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$108,037
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,160,740
$2.2M
Cap Rate 7%
$1,543,386
$1.5M
Cap Rate 9%
$1,200,411
$1.2M
Market Conditions
NOI Build-Up for 6,446 SF
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.
Gross rent
$150.8K $23.40/SF
− Vacancy
−$6.8K −$1.05/SF
EGI
$144.0K $22.35/SF
− OpEx
−$36.0K −$5.59/SF
NOI
$108.0K $16.76/SF
Area
Knoxville, TN
Vacancy
4.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,160,740
Cap Rate 7%
$1,543,386
Cap Rate 9%
$1,200,411
Alternative Uses
Best Use
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $108,037 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,758 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37912, TN
22,313
Population
10,916
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
2,105
Density / Sq Mi
$44,754
Median Household Income
$30,859
Median Earnings
$1,050
Median Rent
$185,600
Median Home Value
Market
Vacancy Rate% for Retail in Knoxville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant and bar on a large lot with extensive parking, built in 2002 and positioned along a busy commercial corridor.
Where is this conventional restaurant located?
The property is located at 110 Cedar Ln Knoxville, TN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Freestanding turnkey restaurant and bar building; 6,448 SF building size; Approximately 1.86‑acre lot
