Two-Story Office
For Sale
Contact for pricing
6712 Kingston Pike, Knoxville, TN 37919
Flexible C-G-1 zoning, exterior signage, and dedicated parking support professional office occupancy.
Property Size4,153 SF
Lot Size0.48 Acres
Price / SF$333.49
Days on Market16
Property Features for 6712 Kingston Pike
General Information
Standard status
Active
Size
4,153 SF
Total Parking Spaces
21
Lot size
0.48 Acres
Property subtype
OFFICE
Zoning
C-G-1
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
exterior signage
multiple access points
building can be subdivided
Building Details
Buildings
1
Stories
2
Building Size
4,153 SF
Listing Agency:
Cappiello Real Estate Company
(615) 293-1349
Listed By:
Alston Gage · License #TN 370369
(615) 293-1349
Source:
Moodyscre
Added: Jul 27
Changed: Aug 9
Last Checked: Aug 10 at 9:03AM
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 Cappiello Real Estate Company
Investment Insights
Based on property information with market context.
This 4,153-square-foot office building is arranged across two stories and includes 21 dedicated parking spaces. The layout supports professional office use, with multiple access points, exterior signage, and the ability to subdivide the building for single- or multi-tenant occupancy.
The property occupies approximately 0.48 acres with roughly 127 feet of frontage along Kingston Pike in Bearden Hill, within West Knoxville. C-G-1 zoning supports office, professional service, medical, and limited retail uses. The site is positioned along a commercial corridor with surrounding retail and services, convenient access to I-40 and I-75, and proximity to West Town Mall.
The property occupies approximately 0.48 acres with roughly 127 feet of frontage along Kingston Pike in Bearden Hill, within West Knoxville. C-G-1 zoning supports office, professional service, medical, and limited retail uses. The site is positioned along a commercial corridor with surrounding retail and services, convenient access to I-40 and I-75, and proximity to West Town Mall.
Key Highlights
- 4,153 SF two‑story office building
- 21 dedicated parking spaces
- Approximately 127 feet of Kingston Pike frontage
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
$54,944
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
3.97%
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%
$1,098,880
$1.1M
Cap Rate 7%
$784,914
$784.9K
Cap Rate 9%
$610,489
$610.5K
Market Conditions
NOI Build-Up for 4,153 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
$87.2K $21.00/SF
− Vacancy
−$14.0K −$3.36/SF
EGI
$73.3K $17.64/SF
− OpEx
−$18.3K −$4.41/SF
NOI
$54.9K $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 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%
$1,098,880
Cap Rate 7%
$784,914
Cap Rate 9%
$610,489
Alternative Uses
Best Use
Office B
$784.9K
$686.8K – $915.7K
NOI $54,944 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$900.0K – $1.20M
NOI $72,003 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 37919, TN
30,822
Population
15,499
Households
2
Avg Household Size
38
Median Age
58%
College-Educated
95%
High-School Grad
19.1 sq mi
ZIP Area
1,614
Density / Sq Mi
$71,863
Median Household Income
$44,968
Median Earnings
$1,247
Median Rent
$453,000
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?
Office building - Flexible C-G-1 zoning, exterior signage, and dedicated parking support professional office occupancy.
Where is this office building located?
The property is located at 6712 Kingston Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: 4,153 SF two‑story office building; 21 dedicated parking spaces; Approximately 127 feet of Kingston Pike frontage
