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    5115 Homberg Dr Knoxville, TN 37919

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Bearden location, 2,330 sq ft available.

    Lot size:
    16,548 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 5115 Homberg Drive in Knoxville, Tennessee's desirable Bearden area, offers a unique opportunity. The building, constructed in 1970, boasts a total of 16,548 square feet across a single suite, currently featuring 2,330 square feet of vacant space. This space, previously occupied by a butcher shop, presents a blank canvas for a variety of retail ventures. Its prime location within the heart of Bearden ensures high visibility and foot traffic, surrounded by upscale restaurants and retailers, creating a thriving commercial environment. The expansive lot size of 57,791 acres provides ample space for potential expansion or outdoor amenities. The property is situated in Knox County, Tennessee, with a zip code of 37919. This is an ideal opportunity for businesses seeking a well-established location in a high-demand area. The property's size and location make it a compelling investment for those seeking a strong foothold in the Knoxville retail market. The existing infrastructure provides a solid foundation for immediate occupancy and customization to suit specific business needs. Don't miss this chance to secure a prominent retail space in one of Knoxville's most sought-after neighborhoods.

    Property Features for 5115 Homberg Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,548 SF
    Total Rate
    22064

    Building Details

    Year Built
    1970

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,330 SF
    Rate per SF
    $16

    HighLights

    • 2,330 SF retail space with mezzanine and two walk‑in coolers.
    • Located in Knoxville, TN's desirable Bearden area, within the Homberg Shopping Center.
    • 16,548 SF total building size on a 57,791 sq ft lot.
    • Triple net lease expense approximately $4.10 PSF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9879147
    Latitude
    35.9375972

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    FAQs

    What type of property is this?
    Retail property - Prime Bearden location, 2,330 sq ft available.
    Where is this retail property located?
    The property is located at 5115 Homberg Dr Knoxville, TN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 2,330 SF retail space with mezzanine and two walk-in coolers.; Located in Knoxville, TN's desirable Bearden area, within the Homberg Shopping Center.; 16,548 SF total building size on a 57,791 sq ft lot.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    5115 Homberg Dr Knoxville, TN 37919
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