Corner Retail Parcel with Two
919 Beaumont Ave Knoxville, TN 37921
For Sale
Contact for pricing
Level corner parcel with a drive-through retail building and a vacant former service station on-site.
Property Size1,893 SF
Lot Size0.50 Acres
Price / SF$206.02
Days on Market170
Property Features for 919 Beaumont Ave
General Information
Standard status
Active
Size
1,893 SF
Lot size
0.50 Acres
Property subtype
RETAIL
Listing Agency:
Wallace
(865) 387-5067
Listed By:
Jeffrey Dealejandro
(865) 387-5067
Source:
Moodyscre
Added: Feb 9
Changed: Jul 28
Last Checked: Jul 28 at 6:11PM
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 Wallace
Investment Insights
Based on property information with market context.
Located on a prominent corner in the Western Heights area, this level commercial parcel offers a flexible setup with two separate structures. The retail building operated as a drive-through convenience store and includes a restroom, mechanical space, a security system, updated electrical systems, and built-in product shelving, along with on-site parking and a drive-through lane.
The second structure is a former service station that was used for storage and is currently vacant. The property’s street presence and flat layout support multiple paths for income or redevelopment.
Access is convenient to I-275/Baxter Avenue, and the site is within easy walking distance of Beaumont Magnet Academy.
The second structure is a former service station that was used for storage and is currently vacant. The property’s street presence and flat layout support multiple paths for income or redevelopment.
Access is convenient to I-275/Baxter Avenue, and the site is within easy walking distance of Beaumont Magnet Academy.
Key Highlights
- Nearly half‑acre, level corner commercial parcel in the Western Heights area with strong street presence
- Two separate structures on‑site: a drive‑through retail building plus a vacant former service station
- Drive‑through convenience store building includes security system, mechanical space, and built‑in product shelving
Financial Insights For Specialty 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 | $44.3k | $23.40 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $42.3k | $22.35 |
| − OpEx | −$10.6k | −$5.59 |
| NOI | $31.7k | $16.76 |
1,893 SF · lease $23.40/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$453.2K
$396.6K – $528.8K
NOI $31,727 @ 7.0% cap · market cap 8.14%
Second Best
Retail
$388.4K
$339.9K – $453.2K
NOI $27,191 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$468.9K
$410.3K – $547.0K
NOI $32,820 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Food City — 1950 Western Ave, Knoxville, TN 37921
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Level corner parcel with a drive-through retail building and a vacant former service station on-site.
Where is this grocery and convenience store located?
The property is located at 919 Beaumont Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Nearly half‑acre, level corner commercial parcel in the Western Heights area with strong street presence; Two separate structures on‑site: a drive‑through retail building plus a vacant former service station; Drive‑through convenience store building includes security system, mechanical space, and built‑in product shelving
