Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2030 Falling Waters Rd Knoxville, TN 37922

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    Class A office space with excellent location and visibility.

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Roger M. Moore, Jr, Sior
    Source: Naiglobal

    Listing Agent: Roger M. Moore, Jr, Sior

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

    Learn more

    Overview

    Class A Office Space

    This Class "A" office space features multiple offices and open space. The property is located off Northshore Drive at the Pellissippi Parkway exit, offering excellent visibility to Pellissippi Parkway. It is situated within minutes of Alcoa/Maryville - McGhee Tyson Airport, Kingston Pike, and Oak Ridge, Tennessee. The location provides close proximity to restaurants and banking. The building features Class "A" finishes throughout.
    Location Intelligence

    Current Use by Public Records

    Christopher Hutchinson at Comparion ... Insurance Agency Magnum Venus Products, ... Industrial Manufacturer East Tennessee Natural ... Gas Company Richard Jordan at Comparion ... Insurance Agency Alliant Insurance Services, ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.074526
    Latitude
    35.862135

    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
    • Sponsored
      Contact for pricing

      First Tennessee Plaza

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      800 Gay St, Knoxville, TN 37929
      View Details
    • Contact for pricing

      Cedar Bluff

      Flexible workspace in Central Avenue
      200 Prosperity Dr, Knoxville, TN 37923
      View Details
    • $12 SF/Yr
      3,072 SF

      Chapman Highway Retail Opportunity

      Freestanding retail with drive-thru on high-visibility corner.
      4000 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $20 SF/Yr
      150,000 SF

      Class A Office Space Available

      Prime West Knoxville office space with excellent access and amenities.
      9724 Kingston Pike, Knoxville, TN 37922
      View Details
    • $32 SF/Yr
      4,500 SF

      Retail Pad in East Knoxville

      Retail space with drive-thru potential in high-traffic area.
      6240 Asheville Hwy, Knoxville, TN 37924
      View Details
    • $1,700 /Mo
      2,610 SF

      Fountain City Office Space

      Office space located in Fountain City, Knoxville.
      318 Knox Rd, Knoxville, TN 37918
      View Details
    • $5,000 /Mo

      Corner Office Building For Rent

      Two-story corner office building in downtown Knoxville available for rent.
      100 W Summit Hill Dr, Knoxville, TN 37902
      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
    • $15 SF/Yr
      2,000 SF

      Street-Front Retail or Office Space

      2,000 SF space suitable for retail or office use.
      4664-4666 Old Broadway St, Knoxville, TN 37918
      View Details
    • $15 SF/Yr
      684 SF

      Office Space in Campus Setting

      Office property featuring flexible floor plans and convenient parking.
      312-322 Nancy Lynn Ln, Knoxville, TN 37919
      View Details
    • $19 SF/Yr
      2,000 SF

      Prime Retail Location on Kingston

      Excellent visibility and accessibility in a desirable retail corridor.
      7213 Kingston Pike, Knoxville, TN 37919
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office space with excellent location and visibility.
    Where is this office building located?
    The property is located at 2030 Falling Waters Rd Knoxville, TN.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location directly off Pellissippi Parkway with high visibility.; - **Class "A" office space and building with high-end finishes.**; - Convenient access to McGhee Tyson Airport, Alcoa/Maryville, Kingston Pike, and Oak Ridge.
    (865) 755-8774
    Request Owner's contact information
    2030 Falling Waters Rd Knoxville, TN 37922
    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.
    2030 Falling Waters Rd
    Knoxville, TN 37922
    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
    2030 Falling Waters Rd Knoxville, TN 37922
    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
    Roger M. Moore, Jr, Sior
    (865) 755-8774
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!