Knoxville Mixed-Use Investment
1501 White Ave Knoxville, TN 37916
1501 White Ave, Knoxville, TN, 37916
Contact for pricing
For Sale
Contact for pricing
Two-story commercial property near University of Tennessee with expansion potential.
Property Size12,450 SF
Price / SF$377.51
Days on Market1092
Property Features for 1501 White Ave
General Information
- Standard status
- Active
- Size
- 12,450 SF
- Property subtype
- Mixed Use, Office, Retail
Listing agency
NAI Koella | RM Moore
(865) 777-3030
Listed by
John Haney · License #TN 314412
Source
Crexi
Added: Jul 26, 2023 Updated: Jul 6 at 7:41AM Checked: Jul 21 at 5:02AM
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
Investment Insights
Based on property information with market context.
This two-story commercial property presents a rare investment opportunity. It is located near the University of Tennessee and surrounded by student housing. The property consists of a street-level space of approximately 6,530 square feet and a terrace level of approximately 5,920 square feet, totaling approximately 12,450 square feet. There is potential for building additional commercial or residential floors, pending zoning and permitting approval. Measurements are approximate and should be independently verified by the buyer.
Key Highlights
- Rare investment opportunity near the University of Tennessee.
- Located one block from Cumberland Ave.
- Surrounded by student housing.
Local 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 | $268.9k | $21.60 |
| − Vacancy | −$13.4k | −$1.08 |
| EGI | $255.5k | $20.52 |
| − OpEx | −$76.6k | −$6.16 |
| NOI | $178.8k | $14.36 |
12,450 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.55M
$2.24M – $2.98M
NOI $178,832 @ 7.0% cap · market cap 3.80%
Second Best
Office B
$2.35M
$2.06M – $2.75M
NOI $164,714 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,853 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Insight Therapy Center
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-story commercial property near University of Tennessee with expansion potential.
Where is this mixed-use property located?
The property is located at 1501 White Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Rare investment opportunity near the University of Tennessee.; Located one block from Cumberland Ave.; Surrounded by student housing.
