Versatile Mixed-Use Property Near
2333 Thorn Grove Pike, Knoxville, TN
Call to check price and availability
Adaptable property suitable for commercial and residential use.
Type:SPECIALTY
Property size:
1,904 SFLot size:
0.35 AcresPrice / SF:
$172/SF- Added:
- Nov 11, 2025
- Days on Market:
- 197
- Last Refresh:
- May 20 at 10:00 pm
Property Features for 2333 Thorn Grove Pike
General Information
- Standard status
- Active
- Size
- 1,904 SF
- Lot size
- 0.35 Acres
- Property subtype
- SPECIALTY
Listing agent Abé Baah (865) 361-9190
Listing office Realty Executives Associates1 (865) 361-9190
Listing date Nov 11, 2025
Source Moodyscre
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 Realty Executives Associates1
HighLights
- Flexible zoning allows for diverse commercial, agricultural, and residential uses.
- Prime location offers direct access to downtown Knoxville, UT, and surrounding areas.
- 4‑bedroom, 2‑bath structure is suitable for combining business and residential operations.
- Ample parking and generous road frontage accommodate multiple vehicles.
- 300‑square‑foot bonus room with exterior access offers potential as a studio, rental unit, or secondary business suite.
- Wraparound deck accessible from the dining area provides valuable outdoor space.
Overview
This mixed-use property offers flexibility for an owner-user or investor seeking a combination of commercial potential and residential use. The structure includes four bedrooms and two bathrooms, providing ample space to accommodate both business and residential operations. It is suitable for small offices, service-based businesses, or creative studios. Zoning allows for a range of agricultural and related uses, as well as residential uses with low population densities and other compatible uses such as duplexes, day care homes and group day care homes, garage apartments, home-based businesses, churches, schools, farming, commercial dairies, animal or fish raising farms, egg-producing ranches, farms devoted to poultry, and hog feeding for commercial purposes. The property has a footprint suitable for offices, meeting spaces, and client reception. A wide hallway provides access to guest rooms, each featuring large windows and ample storage, suitable for secondary offices, conference rooms, or a live-in arrangement. The galley-style kitchen and adjoining dining area are large enough for team meals or break areas, and can be reconfigured into workspace. From the dining area, glass doors open onto a wraparound deck. A 300-square-foot bonus room with its own exterior access offers potential for independent use as a studio, rental unit, or secondary business suite. The flat yard and detached garage provide advantages for commercial operations, offering outdoor storage, workshop space, or vehicle staging. Continuous gutters, stone accents, and clean exterior lines lend a professional appearance. The property provides ample parking options with level ground and generous road frontage. The layout supports the addition of a circular drive or extended parking area. Positioned minutes from downtown Knoxville and major corridors, the property's location offers access to the University of Tennessee, UT Hospital, Sevierville, Gatlinburg, and shopping and dining districts. The property contains 1904 square feet.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$231.0K
NOI $20,792 @ 9.00% cap · cautious / downside scenario
Moderate
$297.0K
NOI $20,792 @ 7.00% cap · market / base-case scenario
Aggressive
$415.8K
NOI $20,792 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.6k | $19.20 |
| − Vacancy | −$3.3k | −$1.73 |
| EGI | $33.3k | $17.47 |
| − OpEx | −$12.5k | −$6.55 |
| NOI | $20.8k | $10.92 |
1,904 SF · lease $19.20/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$297.0K
$259.9K – $346.5K
NOI $20,792 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.6K
$412.6K – $550.2K
NOI $33,011 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.832466
- Latitude
- 35.96834
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FAQs
What type of property is this?
Mixed-use property - Adaptable property suitable for commercial and residential use.
Where is this mixed-use property located?
The property is located at 2333 Thorn Grove Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Flexible zoning allows for diverse commercial, agricultural, and residential uses.; Prime location offers direct access to downtown Knoxville, UT, and surrounding areas.; 4‑bedroom, 2‑bath structure is suitable for combining business and residential operations.
