Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Retail Center on Highway Title is generated by Realmo AI

    780 U.S 321, Lenoir City, TN 37771

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30 SF/Yr $20,750/Mo (calc)

    New retail center with high visibility and drive-thru potential.

    Type:Retail
    Property size:
    8,300 SF
    Added:
    Nov 21, 2025
    Days on Market:
    179
    Last Refresh:
    Dec 3 at 5:18 am

    Property Features for 780 U.S 321

    General Information

    Standard status
    Active
    Size
    8,300 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 780 U.S 321 Contact us

    We can help!

    Listing Contact
    KELSEY DILLER
    KELSEY DILLER

    Listing agent KELSEY DILLER License ##324982

    Listing office CITY CLOSERS COMMERCIAL REAL ESTATE

    Listing date Nov 21, 2025

    Source Naiglobal

    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 CITY CLOSERS COMMERCIAL REAL ESTATE

    HighLights

    • High visibility location at the signalized corner of Hwy 321 and Simpson Rd.
    • Exposure to over 29,000 cars daily (ADT).
    • Drive‑thru availability.
    • Suites offered in Vanilla Box condition.
    • New retail center with anticipated completion in first quarter 2026.
    • End cap and inline suites available, offering 1710 to 4900 square feet of contiguous space.

    Overview

    This brand new retail center offers exposure to over 29,000 cars daily at the signalized corner of Highway 321 and Simpson Road. End cap and inline suites are available, offering up to 4900 square feet of contiguous space. Suite 104 provides 2,450 square feet of end cap space adjacent to traffic light access and a drive-thru. Suite 103 offers 1710 square feet to 2450 square feet of space. The suites will be offered in Vanilla Box condition with an anticipated completion date of the first quarter of 2026. This new retail build features prime visibility and ease of access. The property is a new development at a signalized access along busy Highway 321 in Lenoir City.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.286
    Latitude
    35.8295

    Nearby Similar for Lease

    • $26 SF/Yr
      12,500 SF

      Lenoir City Retail Space Available

      Retail space in high-traffic Lenoir City retail corridor.
      131 Kelsey Lane, Lenoir City, TN 37772
      View Details
    • $24 SF/Yr
      2,080 SF

      Lenoir City Retail Space Available

      2080 SF retail space in grocery-anchored Lenoir City location.
      875 Highway 321 N, Lenoir City, TN
      View Details
    • $18 SF/Yr
      25,900 SF

      Move-in Ready Office Spaces Available

      Well-appointed office spaces with ample parking and highway exposure.
      149 Kelsey Lane, Lenoir City, TN 37772
      View Details
    • Contact for pricing
      147,668 SF

      New Distribution Centers in Roane

      Two Class A distribution centers totaling 431,378 square feet.
      128 Pawnook Farm Road, Lenoir City, TN, 37771
      View Details
    • $24 SF/Yr
      2,080 SF

      Lenoir City Retail Space Available

      2080 SF retail space in grocery-anchored Lenoir City center.
      875 U.S. 321, Lenoir City, TN 37771
      View Details
    • $30 SF/Yr
      2,450 SF

      New Retail Center on Highway

      Retail suites available in new center with high visibility.
      780 US-321, Lenoir City, TN
      View Details
    • $36 SF/Yr
      2,000 SF

      Retail Space Walmart Outparcel

      Retail space available in a Walmart outparcel location.
      375 Kelsey Lane, Lenoir City, TN
      View Details
    • $18 SF/Yr
      38,000 SF

      Flex Office/Warehouse Space Available

      Flex office/warehouse space with lock off warehouse and quick access.
      501 Adesa Boulevard, Lenoir City, TN 37771
      View Details
    • Contact for pricing
      31,846 SF

      Lenoir City Retail Space

      Retail property available for lease in Lenoir City, TN.
      455 Hwy 321 N, Lenoir City, TN
      View Details
    • $9 SF/Yr
      40,000 SF

      New Construction Warehouse with Visibility

      New construction warehouse with I-40 visibility, 25 minutes from Knoxville.
      Buttermilk Road, Lenoir City, TN
      View Details
    • Contact for pricing
      431,378 SF

      Distribution Centers in Roane County

      Two Class A distribution centers totaling 431,378 square feet.
      128 Pawnook Farm Rd, Lenoir City, TN 37771
      View Details
    • $20 SF/Yr
      2,310 SF

      Flex Office/Warehouse Space Available

      2300 SF flex space with lock-off warehouse and office.
      501 Adesa Blvd, Lenoir City, TN
      View Details

    FAQs

    What type of property is this?
    Strip mall - New retail center with high visibility and drive-thru potential.
    Where is this strip mall located?
    The property is located at 780 U.S 321 Lenoir City, TN.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: High visibility location at the signalized corner of Hwy 321 and Simpson Rd.; Exposure to over 29,000 cars daily (ADT).; Drive‑thru availability.
    (865) 531-6400
    We can help!
    Listing Contact
    KELSEY DILLER
    KELSEY DILLER
    Real Estate License ID: #324982
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    780 U.S. 321, Lenoir City, TN 37771
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!