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Renovated Office Property
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3415 Hackberry Rd, Knoxville, TN 37931

Flexible CA-zoned commercial building with finished lower-level space, walkout access, and multiple storage improvements.

Property Size2,701 SF
Lot Size1.17 Acres
Price / SF$147.72
Days on Market71

Property Features for 3415 Hackberry Rd

General Information

Standard status Active
Size 2,701 SF
Lot size 1.17 Acres
Property subtype OFFICE
Zoning CA

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Amenities

sunroom
attached garage
detached workshop
storage shed
fenced yard

Building Details

Year Built 1955
Year Renovated 2025
Buildings 3
Stories 2
Construction frame/brick
Listing Agency: Greater Impact Realty Knoxville
Listed By: Katelyn Bethmann
Source: Moodyscre
Added: Aug 6 Changed: Oct 8 Last Checked: Oct 15 at 1:29AM

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 Greater Impact Realty Knoxville

Investment Insights

Based on property information with market context.

Renovated in 2025, this office property combines an open main-level plan with a sunroom that can support reception, workspace, or private consultations. The finished lower level has walkout access at grade, several flex rooms, and a separate utility room. Improvements include new cabinets, countertops, flooring, paint, and an updated bathroom; the lower-level bathroom is not ADA compliant.

The property sits on an approximately 1.17-acre level site along Hackberry Rd, accessed from Ball Camp Rd, with convenient connections to Oak Ridge Highway and the Karns/Hardin Valley commercial corridors. The site includes a 2-car attached garage, off-street parking, a detached workshop, a storage shed, and a fenced yard area.

The building has frame-and-brick construction, was originally built in 1955, and is served by central heat pump, ceiling fans, public water, and septic rather than municipal sewer. Zoning is CA (General Business), with office and retail use potential subject to verification of permitted uses with Knox County Zoning.

Key Highlights

  • CA (General Business) zoning supports office and retail use potential, subject to Knox County Zoning verification
  • Approximately 1.17‑acre level site with 168' x 304' lot dimensions
  • Renovated in 2025 with new cabinets, countertops, flooring, paint, and updated bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$35,734
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,680 $714.7K
Cap Rate 7%
$510,486 $510.5K
Cap Rate 9%
$397,044 $397.0K
Market Conditions
NOI Build-Up for 2,701 SF
Gross rent
$56.7K $21.00/SF
− Vacancy
−$9.1K −$3.36/SF
EGI
$47.6K $17.64/SF
− OpEx
−$11.9K −$4.41/SF
NOI
$35.7K $13.23/SF
Area
Knoxville, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,680
Cap Rate 7%
$510,486
Cap Rate 9%
$397,044

Alternative Uses

Best Use
Retail
$554.2K
$485.0K – $646.6K (±1% cap)
NOI $38,797 @ 7.0% cap · market cap 9.72%
Second Best
Office B
$510.5K
$446.7K – $595.6K (±1% cap)
NOI $35,734 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$669.0K
$585.4K – $780.5K (±1% cap)
NOI $46,829 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Auto Repair Shop Restaurant Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

56
Businesses Nearby

Demographics for 37931, TN

31,358
Population
12,770
Households
2.5
Avg Household Size
38
Median Age
45%
College-Educated
94%
High-School Grad
28.4 sq mi
ZIP Area
1,104
Density / Sq Mi
$91,284
Median Household Income
$52,207
Median Earnings
$1,450
Median Rent
$317,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Flexible CA-zoned commercial building with finished lower-level space, walkout access, and multiple storage improvements.
Where is this office units located?
The property is located at 3415 Hackberry Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: CA (General Business) zoning supports office and retail use potential, subject to Knox County Zoning verification; Approximately 1.17‑acre level site with 168' x 304' lot dimensions; Renovated in 2025 with new cabinets, countertops, flooring, paint, and updated bathroom
(865) 800-3544 Call to check price and availability
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