Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1477 Hwy 72nd N Loudon, TN 37774-5715

    • Commercial real estate
    • 42,044 SF
    • 5.53 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2021
    $3,640,000
    Value Estimations
    $3,710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0575814
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1477 Hwy 72nd N

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.53 lot acres
    Property size
    42,044 SF
    Zone code
    C-2
    Property type
    Commercial real estate
    APN
    053048 05400
    APU
    5304805400

    Description

    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the thriving Loudon Plaza Shopping Center. Located at 1477 Highway 72 N in Loudon, Tennessee (zip code 37774), this pad-ready site boasts a highly visible location along a major thoroughfare, ensuring maximum exposure for any commercial development. The property is zoned C2, allowing for a wide range of commercial uses. With a total area of 43,560 square feet, this single-unit parcel offers ample space for construction of a new building or expansion of an existing business. Its strategic location within the established Loudon Plaza Shopping Center provides immediate access to existing customer traffic and synergistic opportunities with neighboring businesses. The property's convenient access to Highway 72 N ensures excellent visibility and easy accessibility for customers and employees. This is an ideal location for businesses seeking high visibility and strong foot traffic in a rapidly growing area of Loudon County, Tennessee. The site is ready for immediate development, making it an attractive option for investors and businesses looking for a quick turnaround on their project. This prime commercial land presents a rare opportunity to establish a strong presence in a vibrant and expanding retail environment. Don't miss out on this exceptional opportunity to secure a prominent location in Loudon, Tennessee.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,720,000
      ML approach
      $3,705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,557,000
      Market price range: $1.79M - $5.92M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Loudon
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.3632
    Latitude
    35.7183
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $511,360
    $724,040
    $1,235,400
    -
    $1,278,400
    $1,810,100
    $3,088,500

    Comparable in this City

    • Value Estimation by Request
      14.56 Acres

      Highway 72

      Multifamily properties • 14.56 Acres
      0 Highway 72, Loudon, TN 37774
      View Details
    • Value Estimation
      $275,000
      1.20 Acres

      Honeysuckle Rd

      COMMERCIAL (GENERAL) • 1.20 Acres
      Honeysuckle Rd, Loudon, TN 37774
      View Details
    • Value Estimation
      $275,000
      0.11 Acres

      Wharf St

      COMMERCIAL (GENERAL) • 0.11 Acres
      Wharf St, Loudon, TN 37774
      View Details
    • Value Estimation
      $285,000
      10,000 SF

      322 Blair Bnd Dr

      COMMERCIAL (GENERAL) • 10,000 SF
      322 Blair Bnd Dr, Loudon, TN 37774-6574
      View Details
    • Value Estimation
      $325,000
      3,922 SF

      3827 Lee Hwy

      COMMERCIAL (GENERAL) • 3,922 SF
      3827 Lee Hwy, Loudon, TN 37774-4849
      View Details
    • Value Estimation
      $300,000
      2,500 SF

      104 Prt Madison Dr

      COMMERCIAL (GENERAL) • 2,500 SF
      104 Prt Madison Dr, Loudon, TN 37774-6512
      View Details

    Similar Nearby for Sale

    • $550,000
      1.50 Acres

      Highway 72 N Commercial Land

      1.5-acre commercial lot, prime location.
      12725 Highway 72, Loudon, TN 37774
      View Details
    • $2,912,000
      14.56 Acres

      Loudon, TN Commercial Land - 14.56 Acres

      Prime Commercial Land Near I-75
      0 Highway 72, Loudon, TN 37774
      View Details
    • $35,000
      Pending

      Land For Sale in Loudon

      Land available in Loudon, Tennessee.
      272 Ootsima Way, Loudon, TN 37774
      View Details
    • $279,900
      0.53 Acres

      Tennessee National Homesite with Views

      Cleared homesite in gated community with water and mountain views.
      4344 Old Dogwood Trl, Loudon, TN 37774
      View Details
    • $50,400
      0.27 Acres

      Residential Lot in Loudon, TN

      Ready-to-build lot in Tellico Village with utilities available.
      506 Dudala Ln, Loudon, TN 37774
      View Details
    • $109,900
      0.21 Acres

      Golf View Lot in Loudon

      0.21-acre lot with golf and water views in Tennessee National.
      585 Black Cove Ln, Loudon, TN 37774
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Distribution Center Development

      Master-planned industrial park with Class A distribution centers for lease.
      1790 Elizabeth Lee Pkwy, Loudon, TN 37774
      View Details
    • Contact for pricing
      173,760 SF

      Loudon Warehouse with Expansion Potential

      173,760 SF warehouse with expansion up to 238,560 SF.
      Huntington Park Dr, Loudon, TN 37774
      View Details
    • $349,000
      2,400 SF

      Adaptable Commercial Space Available

      Versatile commercial property suitable for various professional uses.
      1127 Grove St, Loudon, TN 37774
      View Details
    • Contact for pricing
      62,700 SF

      Loudon Plaza Retail Space For Lease

      Knoxville MSA Shopping Center: 1,400 SF Available
      1477 Tn-72, Loudon, TN 37774
      View Details
    • $1,300 /Mo
      833 SF

      Retail/Office Space in Loudon

      Street-facing commercial space with 5 rooms in Loudon, TN.
      900 Mulberry St, Loudon, TN 37774
      View Details
    • Contact for pricing
      392,636 SF

      Modern Industrial Facility in Loudon

      New 197,276 SF industrial facility with Class-A features.
      1295 Huntington Park Dr, Loudon, TN 37774
      View Details
    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.
    1477 Hwy 72nd N
    Loudon, TN 37774-5715
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.