Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    220 S Peters Rd -, Unit 218-202 Knoxville, TN

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20 SF/Yr

    Multi-tenant office building with a full-service lease.

    Property size:
    208 SF
    Lot size:
    0.86 Acres

    Property Features for 220 S Peters Rd -

    General Information

    Size
    208 SF
    Lot size
    0.86 Acres

    We can help!

    Listing Contact
    Jim Staley
    Jim Staley
    Source: Moodyscre

    Listing Agent: Jim Staley

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

    Learn more

    Overview

    West Knoxville Office Space Available

    This multi-tenant office building is located in west Knoxville, just south of Kingston Pike. The available office space, suitable for a single occupant, is situated on the second floor. The lease is full service, with all expenses included in the rent payment, excluding internet and phone services. The space will be available starting September 1st and has a size of 208 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9195075
    Latitude
    35.9605077

    Nearby Similar for Lease

    • $1,925,000
      Pending

      Knoxville Office Building For Lease

      Well-maintained office building with modern upgrades, ideal for various uses.
      4624 Chambliss Ave, Knoxville, TN 37919
      View Details
    • $18 SF/Yr
      6,651 SF

      Garden Level Fitness Facility Space

      Fitness facility space in Brookview Promenade Office Building for rent.
      265 Brookview Centre Way, Knoxville, TN 37919
      View Details
    • $5,500 /Mo
      3,148 SF

      Renovated Office Space Near Downtown

      Partially furnished 3,148 SF dental/medical office space for rent.
      2607 Kingston Pike, Knoxville, TN 37919
      View Details
    • $23 SF/Yr
      2,700 SF

      Downtown Knoxville Creative Office Space

      Modern office space in the historic Phoenix Building on Gay Street.
      418 South Gay St, Knoxville, TN 37917
      View Details
    • $18 SF/Yr
      11,609 SF

      Versatile Studio Space in Knoxville

      Exceptional leasing opportunity with modern amenities and versatile spaces.
      9721 Sherrill Blvd, Knoxville, TN 37932
      View Details
    • $1,275 /Mo
      700 SF

      Revitalized Retail Space Available

      Recently renovated retail suites with high visibility in Knoxville.
      3930 Martin Luther King Jr Ave, Knoxville, TN 37914
      View Details
    • $38 SF/Yr
      3,840 SF

      Retail Space in Brookview Centre

      New retail construction, ideal for various business types.
      225 Brookview Centre Way, Knoxville, TN 37919
      View Details
    • $38 SF/Yr
      18,132 SF

      Retail Space on Hardin Valley

      Premier retail leasing opportunity in Knoxville, TN on Hardin Valley.
      Spring Bluff Way, Knoxville, TN 37932
      View Details
    • $23 SF/Yr
      7,129 SF

      Class A Office Space Available

      Rare opportunity to lease Class A office space.
      550 W Main St, Knoxville, TN 37902
      View Details
    • $12,850 /Mo
      11,600 SF

      New Industrial Office/Warehouse Space

      New construction industrial office/warehouse space available mid-December 2025.
      10643 Checkerboard Ln, Knoxville, TN
      View Details
    • $19 SF/Yr
      2,100 SF

      Refined Office Space Available

      Functional office space perfect for professional services and client meetings.
      8862 Cedar Springs Ln, Knoxville, TN 37923
      View Details
    • $23 SF/Yr
      10,593 SF

      Modern Office Space with Interstate Signage

      Well-maintained office space with high visibility and recent upgrades.
      8320 E Walker Springs Ln, Knoxville, TN 37923
      View Details

    FAQs

    What type of property is this?
    Office space - Multi-tenant office building with a full-service lease.
    Where is this office space located?
    The property is located at 220 S Peters Rd -, Unit 218-202 Knoxville, TN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Full-service lease (all expenses included except internet/phone); - Convenient west Knoxville location, south of Kingston Pike; - Suitable for a 1-person office
    (865) 690-1111
    Request Owner's contact information
    220 S Peters Rd -, Unit 218-202 Knoxville, TN
    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.
    220 S Peters Rd -, Unit 218-202
    Knoxville, TN
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    220 S Peters Rd -, Unit 218-202 Knoxville, TN
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jim Staley
    Jim Staley
    (865) 690-1111
    Learn more
    Google sign-in failed. Please try again or use another login method.