Auto Shop Redevelopment Three-Parcel
For Sale
Contact for pricing
7900 Chapman Hwy, Knoxville, TN 37920
Auto-service redevelopment opportunity along a heavily traveled South Knoxville corridor with an active used tire shop building.
Property Size3,000 SF
Lot Size1.81 Acres
Price / SF$191.67
Days on Market22
Property Features for 7900 Chapman Hwy
General Information
Standard status
Active
Size
3,000 SF
Lot size
1.81 Acres
Property subtype
RETAIL
Site & Location
Traffic Count
33,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Land
Topography
varying
Land Use
commercial, residential
Building Details
Buildings
2
Listing Agency:
Mike Fuller Realty & Company
(601) 831-0075
Listed By:
Barrett Teller · License #383065
(601) 831-0075
Source:
Moodyscre
Added: Jul 11
Changed: Jul 31
Last Checked: Jul 31 at 12:40PM
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 Mike Fuller Realty & Company
Investment Insights
Based on property information with market context.
This three-parcel assemblage is an auto-service redevelopment or owner-user opportunity along the Chapman Highway / US-441 corridor. The offering includes an active used tire shop / retail building on Chapman Highway, an existing residential mobile home structure on the Kimberlin Heights side, and additional land area that may support future commercial redevelopment, expansion, or repositioning. The site is described as totaling approximately 1.81 acres, with the property size listed as 3,000 SF.
The assemblage benefits from visibility along a heavily traveled South Knoxville corridor with traffic counts exceeding 33,000 per day. The property includes varying topography and an on-site drainage feature or branch. Existing occupants operate on informal month-to-month arrangements, creating potential holding income while a buyer evaluates long-term plans. Tire shop inventory and shop equipment belong to the tenant and do not convey.
Buyers are encouraged to independently evaluate site conditions, access, utilities, zoning, development feasibility, and permitting requirements with Knox County and appropriate consultants. The property is sold as a combined three-parcel package, and tours are available by appointment with the listing agent. Do not contact the commercial or residential tenants.
The assemblage benefits from visibility along a heavily traveled South Knoxville corridor with traffic counts exceeding 33,000 per day. The property includes varying topography and an on-site drainage feature or branch. Existing occupants operate on informal month-to-month arrangements, creating potential holding income while a buyer evaluates long-term plans. Tire shop inventory and shop equipment belong to the tenant and do not convey.
Buyers are encouraged to independently evaluate site conditions, access, utilities, zoning, development feasibility, and permitting requirements with Knox County and appropriate consultants. The property is sold as a combined three-parcel package, and tours are available by appointment with the listing agent. Do not contact the commercial or residential tenants.
Key Highlights
- Three‑parcel assemblage for auto‑service redevelopment along Chapman Highway / US‑441
- Approximately 1.81 acres with visibility on a South Knoxville corridor
- Traffic counts exceed 33,000/day
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $21.60 |
| − Vacancy | −$3.2k | −$1.08 |
| EGI | $61.6k | $20.52 |
| − OpEx | −$18.5k | −$6.16 |
| NOI | $43.1k | $14.36 |
3,000 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$615.6K
$538.7K – $718.2K
NOI $43,092 @ 7.0% cap · market cap 7.49%
Second Best
Industrial
$287.6K
$251.7K – $335.6K
NOI $20,135 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$743.0K
$650.2K – $866.9K
NOI $52,013 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
33,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,025
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37920, TN
41,210
Population
20,180
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
91%
High-School Grad
72.3 sq mi
ZIP Area
570
Density / Sq Mi
$61,348
Median Household Income
$35,591
Median Earnings
$1,092
Median Rent
$231,300
Median Home Value
Market
Vacancy Rate% for Retail in Knoxville, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Knoxville tire — 7900 Chapman Hwy, Knoxville, TN 37920
- Valvoline Instant Oil Change — 7620 Chapman Hwy, Knoxville, TN 37920
- Chapman Enterprises Inc — 8028 Chapman Hwy, Knoxville, TN 37920
- Express Oil Change & Tire Engineers — 7500 Chapman Hwy, Knoxville, TN 37920
- PO Boys Used Tires — 7900 Chapman Hwy, Knoxville, TN 37920
Frequently Asked Questions
What type of property is this?
Auto shop - Auto-service redevelopment opportunity along a heavily traveled South Knoxville corridor with an active used tire shop building.
Where is this auto shop located?
The property is located at 7900 Chapman Hwy Knoxville, TN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three‑parcel assemblage for auto‑service redevelopment along Chapman Highway / US‑441; Approximately 1.81 acres with visibility on a South Knoxville corridor; Traffic counts exceed 33,000/day
