Knoxville Commercial Property on
For Sale
Contact for pricing
Pending
6125 Tazewell Pike, Knoxville, TN 37918
Commercial property for sale in Knoxville, TN with three buildings.
Property Size7,350 SF
Lot Size1.30 Acres
Days on Market159
Property Features for 6125 Tazewell Pike
General Information
Standard status
Pending
Size
7,350 SF
Lot size
1.30 Acres
Property subtype
Industrial, Office, Special Purpose
Building Details
Buildings
3
Listing Agency:
Greenbrier Real Estate Advisors, LLC
(865) 206-0180
Listed By:
Caleb Glafenhein · License #TN 338557
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Jul 24 at 3:42PM
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 Greenbrier Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
Located on Tazewell Pike in Knoxville, TN, this property sits between the Fountain City, Halls, and Gibbs submarkets. It features easy access with two driveway entrances. The 1.30 +/- acre lot includes three buildings. Building 1, with 1,350 SF, contains a reception office/front entry, two private offices, a meeting room, a shared workroom, an office supply closet, one bathroom, a kitchenette, and a rear exit to a 10’ wide x 30’ long raised outdoor deck. Building 2, totaling 4,500 SF, includes a reception office, one private office, an engine building room, a milling room, one ADA restroom, and stairs to the second floor. It also features a paint booth with a 12’w x 8’h sectional overhead door, a shop area with two 12’w x 14’h sectional overhead doors, and a loading dock with a 13’5” wide ramp. Building 3 is a 1,500 SF garage with three 10’w x 10’h sectional overhead doors. An exterior shed measures 12’w x 16’d. There is an approximate easement to the rear parcel.
Key Highlights
- 1.30 +/- Acre Lot with 3 Buildings totaling 7,350 SF
- Located on Tazewell Pike between Fountain City, Halls, and Gibbs
- Building 2: 4,500 SF with paint booth, shop area, and loading dock
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
$63,980
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
7.54%
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%
$1,279,600
$1.3M
Cap Rate 7%
$914,000
$914.0K
Cap Rate 9%
$710,889
$710.9K
Market Conditions
NOI Build-Up for 7,350 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
$105.8K $14.40/SF
− Vacancy
−$7.4K −$1.01/SF
EGI
$98.4K $13.39/SF
− OpEx
−$34.5K −$4.69/SF
NOI
$64.0K $8.70/SF
Area
Knoxville, TN
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$1,279,600
Cap Rate 7%
$914,000
Cap Rate 9%
$710,889
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,241 @ 7.0% cap · market cap 11.45%
Second Best
Flex RnD
$914.0K
$799.8K – $1.07M
NOI $63,980 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,431 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property for sale in Knoxville, TN with three buildings.
Where is this flex space located?
The property is located at 6125 Tazewell Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 1.30 +/- Acre Lot with 3 Buildings totaling 7,350 SF; Located on Tazewell Pike between Fountain City, Halls, and Gibbs; Building 2: **4,500 SF with paint booth, shop area, and loading dock**
