Car Wash with Adjoining
For Sale
Contact for pricing
Pending
7500 Asheville Hwy, Knoxville, TN 37924
Automotive property combining a car wash with an adjoining Valvoline operation in Knoxville.
Property Size5,770 SF
Days on Market54
Property Features for 7500 Asheville Hwy
General Information
Standard status
Pending
Size
5,770 SF
Property subtype
Special Purpose
Lease Type
NNN
Investment Type
Net Lease
Listing Agency:
Oliver Smith Realty & Development Company
Listed By:
Oliver Smith · License #TN
(865) 584-2000
Source:
Crexi
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 16 at 6:32AM
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 Oliver Smith Realty & Development Company
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Investment Insights
Based on property information with market context.
This 5,770-square-foot automotive property combines a car wash with an adjoining Valvoline operation. The asset is located at 7500 Asheville Hwy in Knoxville, Tennessee, providing a commercial setting for two related vehicle-service uses.
Key Highlights
- 5,770‑square‑foot car wash property
- Adjoining Valvoline operation at 7500 Asheville Hwy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,707
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,934,140
$1.9M
Cap Rate 7%
$1,381,529
$1.4M
Cap Rate 9%
$1,074,522
$1.1M
Market Conditions
NOI Build-Up for 5,770 SF
Gross rent
$135.0K $23.40/SF
− Vacancy
−$6.1K −$1.05/SF
EGI
$128.9K $22.35/SF
− OpEx
−$32.2K −$5.59/SF
NOI
$96.7K $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 Rate 5%
$1,934,140
Cap Rate 7%
$1,381,529
Cap Rate 9%
$1,074,522
Alternative Uses
Best Use
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,707 @ 7.0% cap · market cap 4.84%
Second Best
Retail
$1.18M
$1.04M – $1.38M
NOI $82,880 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,038 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 87%
Shops & Services 13%
Food City
Groceries
26,200 visits/mo
0.0 miles
O'Reilly Auto Parts
Shops & Services
2,541 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
1,433 visits/mo
0.1 miles
Demographics for 37924, TN
12,894
Population
6,052
Households
2.1
Avg Household Size
41
Median Age
28%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
462
Density / Sq Mi
$73,794
Median Household Income
$40,594
Median Earnings
$1,020
Median Rent
$217,300
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 Knoxville, TN
Frequently Asked Questions
What type of property is this?
Car wash - Automotive property combining a car wash with an adjoining Valvoline operation in Knoxville.
Where is this car wash located?
The property is located at 7500 Asheville Hwy Knoxville, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,770‑square‑foot car wash property; Adjoining Valvoline operation at 7500 Asheville Hwy
