Multi-Use Commercial Building For
For Sale
Contact for pricing
Pending
4440 Walker Blvd, Knoxville, TN
10,500 SF multi-use building ideal for culinary operations.
Property Size10,500 SF
Lot Size1.12 Acres
Days on Market319
Property Features for 4440 Walker Blvd
General Information
Standard status
Pending
Size
10,500 SF
Lot size
1.12 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Brackfield & Associates, Llc
(865) 691-8195
Listed By:
Buddy Brackfield · License #249283
(865) 414-9455
Source:
Moodyscre
Added: Nov 1, 2025
Changed: Sep 11
Last Checked: Sep 15 at 6:46AM
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 Brackfield & Associates, Llc
Investment Insights
Based on property information with market context.
This 10,500 SF multi-use commercial building offers a combination of food preparation and service space, along with large open areas suitable for various uses. The site is suited for culinary operations, a ghost kitchen, a meeting venue, or a corporate training center. The flexible layout allows for multiple configurations. Dedicated kitchen and food preparation areas enable on-site food preparation and service. Private conference and training rooms support breakout sessions, board meetings, or small group functions. The building features a generator system. The property is dynamic and offers various opportunities.
Key Highlights
- 10,500 SF multi‑use commercial building with flexible layout.
- Dedicated kitchen/food prep areas for on‑site food preparation and service.
- Ideal for culinary operations, ghost kitchen, meeting venue, or corporate training center.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$175,983
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,519,660
$3.5M
Cap Rate 7%
$2,514,043
$2.5M
Cap Rate 9%
$1,955,367
$2.0M
Market Conditions
NOI Build-Up for 10,500 SF
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.
Gross rent
$245.7K $23.40/SF
− Vacancy
−$11.1K −$1.05/SF
EGI
$234.6K $22.35/SF
− OpEx
−$58.7K −$5.59/SF
NOI
$176.0K $16.76/SF
Area
Knoxville, TN
Vacancy
4.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,519,660
Cap Rate 7%
$2,514,043
Cap Rate 9%
$1,955,367
Alternative Uses
Best Use
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,983 @ 7.0% cap · market cap 5.60%
Second Best
Retail
$2.15M
$1.89M – $2.51M
NOI $150,822 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$2.60M
$2.28M – $3.03M
NOI $182,045 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
459
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Business Placement
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Ghost kitchen - 10,500 SF multi-use building ideal for culinary operations.
Where is this ghost kitchen located?
The property is located at 4440 Walker Blvd Knoxville, TN.
What is the asking price?
The asking price for this property is $3,145,000.
What are key features of this property?
This property features: 10,500 SF multi‑use commercial building with flexible layout.; Dedicated kitchen/food prep areas for on‑site food preparation and service.; Ideal for culinary operations, ghost kitchen, meeting venue, or corporate training center.
