Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    875 Highway 321 N Lenoir City, TN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    2080 SF retail space in grocery-anchored Lenoir City location.

    Type:RETAIL
    Property size:
    2,080 SF
    Lot size:
    1.78 Acres
    Added:
    Jul 1, 2025
    Days on Market:
    275
    Last Refresh:
    Mar 29 at 8:26 pm

    Property Features for 875 Highway 321 N

    General Information

    Standard status
    Active
    Size
    2,080 SF
    Lot size
    1.78 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 875 Highway 321 N Contact us

    We can help!

    Listing Contact
    Lauren Morgan
    Lauren Morgan

    Listing agent Lauren Morgan License ##13164228

    Listing office NAI Koella RM Moore - Knoxville

    Listing date Jul 1, 2025

    Source Moodyscre

    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 NAI Koella RM Moore - Knoxville

    Overview

    Lenoir City Retail Space Available

    This 2080 square foot retail space is located at 875 US-321 in Lenoir City, Tennessee. The property benefits from high visibility along US-321, which sees over 30,000 vehicles per day. As a grocery-anchored location, the property benefits from consistent customer traffic. Ample parking is available, and the property offers prominent signage opportunities. The surrounding area is experiencing high growth, with limited retail inventory. Neighboring tenants include Cato, The Bed Store, Bloom School of Aesthetic, and Town Creek Family Dentistry.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    S & E Cabin ... Construction Company Dr. Jeffery Beeler Dental Office Dr. Brad Isom Dental Office American Landmark Homes ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.2672
    Latitude
    35.8211

    Nearby Similar for Lease

    • $26/mo

      Lenoir City Retail Space Available

      Retail space in high-traffic Lenoir City retail corridor.
      131 Kelsey Lane, Lenoir City, TN 37772
      View Details
    • $18/mo

      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

      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
    • $30/mo

      New Retail Center on Highway

      New retail center with high visibility and drive-thru potential.
      780 U.S. 321, Lenoir City, TN 37771
      View Details
    • $18/mo

      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
    • $24/mo

      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/mo

      New Retail Center on Highway

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

      Retail Space Walmart Outparcel

      Retail space available in a Walmart outparcel location.
      375 Kelsey Lane, Lenoir City, TN
      View Details
    • Contact for pricing

      Lenoir City Retail Space

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

      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

      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/mo

      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?
    Retail space - 2080 SF retail space in grocery-anchored Lenoir City location.
    Where is this retail space located?
    The property is located at 875 Highway 321 N Lenoir City, TN.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High Visibility: Located on US‑321 with 30K+ vehicles per day (VPD).; Grocery‑Anchored: Benefits from consistent customer traffic driven by the grocery anchor.; Ample Parking: Provides convenient access for customers.
    (865) 315-8463
    We can help!
    Listing Contact
    Lauren Morgan
    Lauren Morgan
    Real Estate License ID: #13164228
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!