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    8623 Walbrook Dr Knoxville, TN 37923

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    For Sale
    $2,400,000

    Cleared land with multifamily approval, former 200-unit motel site.

    Lot size:
    5.16 Acres

    Property Features for 8623 Walbrook Dr

    General Information

    Lot size
    5.16 Acres

    Source: U.S. Realty Investment Corporation Agent Jerry Glenn

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

    Overview

    Land Ready for Multifamily Development

    This property consists of land previously occupied by a 200-unit motel, which has now been completely demolished and removed. The site is approved for multifamily use. Access is available from both Walbrook Drive and Walker Springs Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walbrook Studios Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.067225
    Latitude
    35.924725

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    FAQs

    What type of property is this?
    Land - Cleared land with multifamily approval, former 200-unit motel site.
    Where is this land located?
    The property is located at 8623 Walbrook Dr 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: - Multifamily use approved, presenting a great investment opportunity.; - Old motel completely demolished and removed, saving you time and resources.; - 200-unit potential based on the previous structure, offering significant development possibilities.
    (865) 604-6380
    Request Owner's contact information
    8623 Walbrook Dr Knoxville, TN 37923
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    Knoxville, TN 37923
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    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
    8623 Walbrook Dr Knoxville, TN 37923
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