Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Knoxville Retail Space Available Title is generated by Realmo AI

    201 W 5th Ave, Knoxville, TN 37917

    View on Map
    Claim this Listing
    For Lease
    $20 SF/Yr $26,146/Mo (calc)

    New retail space in downtown Knoxville, walking distance to amenities.

    Type:Retail
    Property size:
    15,688 SF
    Added:
    Jan 27, 2026
    Days on Market:
    129
    Last Refresh:
    Dec 3 at 5:04 am

    Property Features for 201 W 5th Ave

    General Information

    Standard status
    Active
    Size
    15,688 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1910

    Spaces For Lease

    at 201 W 5th Ave Contact us

    We can help!

    Listing Contact
    THOMAS BROWN

    Listing agent THOMAS BROWN

    Listing office LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

    Listing date Jan 27, 2026

    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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

    HighLights

    • Prime downtown Knoxville location, walkable to Old City amenities.
    • Easily accessible from the interstate and convenient to UT.
    • Two spaces available, can be leased together or separately (1,800 - 3,850 SF).
    • TI (Tenant Improvement) is available.
    • Building is visible from the Interstate.
    • Surface parking available.

    Overview

    New retail space is available in downtown Knoxville, situated within walking distance of the Old City and downtown's breweries, restaurants, and shopping venues. The property benefits from convenient access to the interstate and proximity to the University of Tennessee, making it accessible to students and faculty. The building is visible from the interstate. Surface parking is available. The current space condition is a raw shell. Two spaces are available, which can be leased together or separately, offering areas ranging from 1,800 to 3,850 square feet. Tenant improvement allowance is available. The property size is 15,688 square feet.
    Location Intelligence

    Current Use by Public Records

    The Upcoming Events Marketing & Advertising The Lucerne Condos Condominium Complex

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9221
    Latitude
    35.9733

    Nearby Similar for Lease

    • $12 SF/Yr
      14,900 SF

      Kingston Pike Industrial/Showroom/Office Property

      14,900 SF industrial property with showroom and office space.
      8810 Kingston Pike, Knoxville, TN 37923
      View Details
    • Sponsored
      $129-$5,716/Mo
      11-1,292 SF

      First Tennessee Plaza

      800 Gay St, Unit 700, Knoxville, TN 37929
      View Details
    • $129-$4,866/Mo
      11-1,292 SF

      Cedar Bluff

      200 Prosperity Dr, Unit Knoxville Tennessee United States of America 37923, Knoxville, TN 37923
      View Details
    • $20 SF/Yr
      3,200 SF

      Office/Flex Space Available

      3,200 SF office/flex space for lease.
      337 Trane Dr, Knoxville, TN 37919
      View Details
    • $25 SF/Yr
      9,157 SF

      Knoxville Retail Destination: Western Plaza

      Grocery-anchored retail and office spaces with high visibility and traffic.
      4405-4591 Kingston Pike, Knoxville, Tennessee 37919
      View Details
    • $20 SF/Yr
      5,000 SF

      North Cedar Bluff Office Space

      Easily accessible office/medical space in North Cedar Bluff.
      1028 Old Cedar Bluff Rd, Knoxville, TN 37923
      View Details
    • $30 SF/Yr
      6,000 SF

      Modern Office Space in Knoxville

      New office building in a growing Knoxville office park.
      10100 Global Way, Knoxville, Tennessee 37932
      View Details
    • $24 SF/Yr
      2,500 SF

      West Knoxville Office Space Available

      Flexible medical and office space in a convenient location.
      430 Montbrook Ln, Knoxville, TN 37919
      View Details
    • $24 SF/Yr
      2,500 SF

      West Knoxville Office Space Available

      Flexible medical and office space in a convenient location.
      430 Montbrook Ln, Knoxville, TN 37919
      View Details
    • $1.00 SF/Yr
      24,712 SF

      Retail Property Ground Lease Opportunity

      Former retail building with parking for lease in Knoxville.
      230 Papermill Pl Way, Knoxville, TN 37919
      View Details
    • $21 SF/Yr
      4,661 SF

      Downtown Knoxville Office Space

      Prime office space in the heart of Knoxville's Theater District.
      625 S. Gay Street 625, Knoxville, Tennessee 37902
      View Details
    • $20 SF/Yr
      3,850 SF

      Downtown Knoxville Retail Space Available

      New retail spaces available in downtown Knoxville, Tennessee.
      201 W 5th Ave, Knoxville, TN 37917
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail space in downtown Knoxville, walking distance to amenities.
    Where is this retail space located?
    The property is located at 201 W 5th Ave Knoxville, TN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Knoxville location, walkable to Old City amenities.; Easily accessible from the interstate and convenient to UT.; Two spaces available, can be leased together or separately (1,800 - 3,850 SF).
    We can help!
    Listing Contact
    THOMAS BROWN
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    201 W 5th Ave, Knoxville, TN 37917
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!