Retail Space with Two
For Sale
$479,000
114 Cedar Ln, Knoxville, TN 37912
The property is zoned commercial general and currently operates as a retail location.
Property Size1,485 SF
Price / SF$322.56
Days on Market69
Property Features for 114 Cedar Ln
General Information
Standard status
Active
Size
1,485 SF
Total Parking Spaces
11
Zoning
commercial general
Building Details
Year Built
1955
Listing Agency:
Crye-Leike Realtors South
Listed By:
Diana Traylor 8658093132
(865) 809-3132
Source:
Nashvillehouses
Added: Aug 1
Changed: Oct 1
Last Checked: Oct 7 at 12:24PM
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 Crye-Leike Realtors South
Investment Insights
Based on property information with market context.
Located at 114 Cedar Ln in Knoxville, Tennessee, this 1485-square-foot retail property is currently used for retail. The building includes two bathrooms, while commercial general zoning is in place. Other uses are possible based on the property information.
A paved parking lot provides 11 parking spaces for the property. The address is 114 Cedar Ln, Knoxville, TN 37912.
A paved parking lot provides 11 parking spaces for the property. The address is 114 Cedar Ln, Knoxville, TN 37912.
Key Highlights
- 1485 square feet of retail space
- Currently used for retail
- Commercial general zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,331
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,620
$426.6K
Cap Rate 7%
$304,729
$304.7K
Cap Rate 9%
$237,011
$237.0K
Market Conditions
NOI Build-Up for 1,485 SF
Gross rent
$32.1K $21.60/SF
− Vacancy
−$1.6K −$1.08/SF
EGI
$30.5K $20.52/SF
− OpEx
−$9.1K −$6.16/SF
NOI
$21.3K $14.36/SF
Area
Knoxville, TN
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,620
Cap Rate 7%
$304,729
Cap Rate 9%
$237,011
Alternative Uses
Best Use
Retail
$304.7K
$266.6K – $355.5K
NOI $21,331 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.8K
$321.8K – $429.1K
NOI $25,746 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Knoxville, TN
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Frequently Asked Questions
What type of property is this?
Retail space - The property is zoned commercial general and currently operates as a retail location.
Where is this retail space located?
The property is located at 114 Cedar Ln Knoxville, TN.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 1485 square feet of retail space; Currently used for retail; Commercial general zoning
