Leased Retail
331 Whitecrest Dr, Maryville, TN 37801
For Sale
New
$1,950,000
The property was completed in 2002 and is fully leased.
Property Size7,950 SF
Days on Market6
Property Features for 331 Whitecrest Dr
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
NAI Koella RM Moore - Knoxville
Listed By:
Alex Webber · License TN #00314412
(865) 202-3007
Source:
Koellamoore
Added: Nov 4
Last Checked: Nov 8 at 2:37AM
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 NAI Koella RM Moore - Knoxville
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 331 Whitecrest Dr in Maryville, Tennessee, this retail building was constructed in 2002 and is fully leased.
Key Highlights
- Fully leased retail building
- Built in 2002
- 331 Whitecrest Dr, Maryville, TN 37801
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,832
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,456,640
$2.5M
Cap Rate 7%
$1,754,743
$1.8M
Cap Rate 9%
$1,364,800
$1.4M
Market Conditions
NOI Build-Up for 7,950 SF
Gross rent
$183.2K $23.04/SF
− Vacancy
−$7.7K −$0.97/SF
EGI
$175.5K $22.07/SF
− OpEx
−$52.6K −$6.62/SF
NOI
$122.8K $15.45/SF
Area
Blount County, TN
Vacancy
4.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,456,640
Cap Rate 7%
$1,754,743
Cap Rate 9%
$1,364,800
Alternative Uses
Best Use
Retail
$1.75M
$1.54M – $2.05M
NOI $122,832 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $224,045 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
390k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 24%
Home Improvements & Furnishings 20%
Shops & Services 14%
Target
Superstores
93,626 visits/mo
0.3 miles
Five Below
Shops & Services
45,726 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
44,805 visits/mo
0.3 miles
McDonald's
Dining
33,008 visits/mo
0.5 miles
HomeGoods
Home Improvements & Furnishings
24,034 visits/mo
0.5 miles
Demographics for 37801, TN
28,822
Population
12,254
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
89%
High-School Grad
69.4 sq mi
ZIP Area
415
Density / Sq Mi
$70,814
Median Household Income
$45,296
Median Earnings
$1,061
Median Rent
$268,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The property was completed in 2002 and is fully leased.
Where is this retail space located?
The property is located at 331 Whitecrest Dr Maryville, TN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Fully leased retail building; Built in 2002; 331 Whitecrest Dr, Maryville, TN 37801
