7220 Chapman Hwy, Knoxville, TN 37920
Retail strip center with high growth and traffic location.
- Added:
- Nov 21, 2025
- Days on Market:
- 218
- Last Refresh:
- May 8 at 8:21 pm
Property Features for 7220 Chapman Hwy
General Information
- Standard status
- Active
- Size
- 13,260 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing office NAI Koella | RM Moore (865) 236-1610
Listing date Nov 21, 2025
Source Naiglobal
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 NAI Koella | RM Moore
HighLights
- High growth, high traffic location with excellent visibility.
- Development opportunity with excess land.
- Retail strip center provides existing income.
- Value‑add upside potential.
- Ideal for QSR development on retail land/pad.
- Purchase includes entire strip center and land.
Overview
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 | $286.4k | $21.60 |
| − Vacancy | −$14.3k | −$1.08 |
| EGI | $272.1k | $20.52 |
| − OpEx | −$81.6k | −$6.16 |
| NOI | $190.5k | $14.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.8504
- Latitude
- 35.9108
