Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    424 N Watt Rd Knoxville, TN 37934

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $10,000,000

    Land suitable for multi-family, retail, office, or mixed-use development.

    Property size:
    48 SF
    Lot size:
    48.77 Acres

    Property Features for 424 N Watt Rd

    General Information

    Size
    48 SF
    Lot size
    48.77 Acres

    Source: Sam Tate, CCIM Agent Sam Tate, CCIM

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

    Overview

    Prime Land for Mixed-Use Development

    This 48-acre property is suitable for multi-family, retail, office, or mixed-use development. The location benefits from average household incomes exceeding $200,000. Adjacent to the property is high-density PR Planned Residential land, as well as PC Planned Commercial zoned land. Many nearby parcels have successfully rezoned. In 2024, 228 Class-A units were built at Farragut Junction. Rezoning counsel is available to assist the buyer with their concept, with Frantz, McConnell & Seymour, LLP counsel retained. Publix, Dunkin, and Advance Auto are currently under construction in the vicinity. The property is located in Knoxville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.228392
    Latitude
    35.87252

    Nearby Similar for Sale

    • $1,700,000
      9,000 SF

      Knoxville Multifamily Investment Opportunity

      Six-unit multifamily property near UTK, fully furnished for short-term rentals.
      Knoxville, TN 37921
      View Details
    • $1,849,950
      8,514 SF

      Knoxville Multifamily Investment Opportunity

      Two multi-unit properties with long-term and short-term rental potential.
      Knoxville, TN 37917
      View Details
    • $2,150,000
      9,652 SF

      20-Unit Multifamily Complex in Knoxville

      Multifamily complex in Knoxville's Parkridge neighborhood with upside potential.
      2114-2300 Washington Ave, Knoxville, TN 37917
      View Details
    • $1,049,950
      5,626 SF

      Victorian-Era 7-Unit Multifamily Property

      Charming, updated 7-unit building near Downtown Knoxville.
      Knoxville, TN 37917
      View Details
    • New
      $2,950,000
      19,536 SF

      Knoxville Multifamily Investment Opportunity

      24-unit apartment complex in North Knoxville near Whittle Springs Golf Course.
      3300-3374 Valley View Dr, Knoxville, TN 37917
      View Details
    • $449,500
      825 SF

      Two Homes on Wooded Acres

      Two charming homes on 2.08 wooded acres in Knoxville.
      7801 Rollen Rd, Knoxville, TN 37920
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for multi-family, retail, office, or mixed-use development.
    Where is this land located?
    The property is located at 424 N Watt Rd Knoxville, TN.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: - 228 Class-A units built in 2024 at Farragut Junction.; - Adjacent to high-density PR Planned Residential and PC Planned Commercial zoned land.; - Rezoning counsel (Frantz, McConnell & Seymour, LLP) retained and willing to help buyer with concept.
    (865) 806-6517
    Request Owner's contact information
    424 N Watt Rd Knoxville, TN 37934
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    424 N Watt Rd
    Knoxville, TN 37934
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    424 N Watt Rd Knoxville, TN 37934
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.