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    Property profile & analytics

    5707 Broadway St Knoxville, TN 37918

    • Flex space
    • 4,000 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1540813
    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

    • Rowland Tv & Appliance / Appliance Store

    Property Details for 5707 Broadway St

    Year built
    1985
    Lot size
    0.79 lot acres
    Property size
    4,000 SF
    Property type
    Flex space

    Description

    This exceptional 4,000 square foot commercial building in Knoxville, Tennessee, presents a compelling investment opportunity. Situated on a 0.79-acre lot with 125 feet of frontage on N Broadway Street, this property boasts a prime location between Fountain City and Halls. Built in 1985, the building features approximately 2,800 square feet of retail space and approximately 1,200 square feet of warehouse space with a 16-foot ceiling height. The flexible layout includes a large, open retail area, a rear warehouse space accessible via one roll-up drive-in door, two offices, and three bathrooms. Ample parking is available for approximately 30 vehicles. The property benefits from General Commercial zoning, allowing for diverse uses including retail, office, and other compatible businesses. This versatile space offers significant potential for a variety of commercial ventures. The property's convenient location and flexible zoning make it an attractive option for entrepreneurs and investors alike. Don't miss this chance to acquire a well-positioned commercial property in a thriving Knoxville neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.928043728441
    Latitude
    36.047552377998

    Comparable in this City

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      New Office Condo in Knoxville

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      New Office Condo Unit

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    • $550,200
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      Knoxville Office Condo: Prime Location

      Brand new, vacant office condo, 2620 sq ft.
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    • $300,000

      Prime Knoxville Commercial Land Opportunity

      One-acre commercial land with high traffic exposure in Knoxville, TN.
      Crippen Rd, Knoxville, TN 37918
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    • New
      $129,000
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      Residential Land with Mountain Views

      1.4-acre wooded lot in desirable North Knoxville neighborhood.
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      Knoxville Building Lot Near Golf

      Beautiful 1.63 acre building lot in Halls Community, Knoxville.
      Cochise Dr, Knoxville, TN 37918
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    Similar Nearby for Sale

    • $301,400
      1,370 SF

      New Office Condo in Knoxville

      Shell condition office condo for sale with tax benefits.
      140 Legacy View Way, Knoxville, TN 37918
      View Details
    • $301,400
      1,370 SF

      New Office Condo Unit

      New office condo in shell condition, tax benefits apply.
      144 Legacy View Way, Knoxville, TN 37918
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    • $550,200
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      Knoxville Office Condo: Prime Location

      Brand new, vacant office condo, 2620 sq ft.
      140 Legacy View Way, Knoxville, TN 37918
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    • $300,000

      Prime Knoxville Commercial Land Opportunity

      One-acre commercial land with high traffic exposure in Knoxville, TN.
      Crippen Rd, Knoxville, TN 37918
      View Details
    • New
      $129,000
      Pending

      Residential Land with Mountain Views

      1.4-acre wooded lot in desirable North Knoxville neighborhood.
      5232 Beverly Oaks Dr, Knoxville, TN 37918
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    • $75,000
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      Knoxville Building Lot Near Golf

      Beautiful 1.63 acre building lot in Halls Community, Knoxville.
      Cochise Dr, Knoxville, TN 37918
      View Details

    Similar Nearby for Lease

    • $13,000 /Mo
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      Renovated Office Space Available

      Recently renovated office space with multiple rooms and amenities.
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    • $1,700 /Mo
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      Fountain City Office Space

      Office space located in Fountain City, Knoxville.
      318 Knox Rd, Knoxville, TN 37918
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    • $15 SF/Yr
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      Street-Front Retail or Office Space

      2,000 SF space suitable for retail or office use.
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    • $3,000 /Mo
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      Office Space Available For Rent

      Office space available for lease in Knoxville, Tennessee.
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    • $16 SF/Yr
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      Prime Office Suite, Harvest Towne Way

      3,480 sq ft Office, Excellent Location
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    • $16 SF/Yr
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      Office Suite For Rent

      3,480 Sq. Ft. office suite available for lease.
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    5707 Broadway St
    Knoxville, TN 37918
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    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
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