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    2718 John Deere Dr Knoxville, TN 37917

    • Flex space
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1434365
    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

    • John S. James Co. / Freight Forwarding Service / Customs Broker
    • Wildlife Management Knoxville / Animal Control Service
    • Real Floors / Flooring Store / Professional Services

    Property Details for 2718 John Deere Dr

    Property type
    Flex space
    Property subtype
    Distribution centers

    Description

    This exceptional 7,500-square-foot flex space in East Knoxville, Tennessee, presents a unique opportunity for businesses seeking a blend of office and warehouse functionality. Situated at 2718 John Deere Dr, Knoxville, TN 37917, this property boasts a versatile layout, perfectly suited for various industrial uses. The building features a substantial 5,250-square-foot warehouse area complemented by a well-appointed 2,250-square-foot office space. Loading and unloading are efficient with two dock-high doors, each measuring 48 inches wide. The warehouse benefits from 20-foot eaves, providing ample vertical space for storage and operations. Power is supplied via a reliable 3-phase system. The exterior showcases a durable stone finish and tinted windows, enhancing both aesthetics and energy efficiency. The property is zoned I-G (General Industrial District) within Knox County, ensuring compliance with various industrial operations. This multi-tenant building offers a Modified Gross Lease arrangement. This prime East Knoxville location provides easy access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics and a professional office environment. The property's combination of modern amenities and strategic location makes it an attractive option for a wide range of industrial and commercial enterprises.

    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
    -83.899803682594
    Latitude
    35.995243751638

    Comparable in this City

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      17,300 SF

      Knoxville Industrial Property For Sale

      17,300 SF Manufacturing/Flex Space in Knoxville, TN
      1412 6Th Ave, Knoxville, TN 37917
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    • $12 SF/Yr
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      Prime Old North Knoxville Industrial Space

      24,636 SF Warehouse/Flex/Manufacturing Space
      3411 Huron St, Knoxville, TN 37917
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    • $8 SF/Yr
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      Downtown Knoxville Warehouse

      6,000 SF Warehouse - Prime Location
      508 Daniels Ave, Knoxville, TN 37917
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    • $4,000 /Mo
      4,500 SF

      East Knoxville Industrial Flex Space

      4,500 SF industrial space with easy access to interstates.
      1840 N Cherry St, Knoxville, TN 37917
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    • $1,500,000
      20,000 SF

      Well-Maintained Warehouse Space Available

      20,000 SF warehouse with dock, parking, and fenced area.
      1214 Wray St, Knoxville, TN 37917
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    • $18 SF/Yr
      5,800 SF

      Historic Warehouse and Storefront Space

      Historic warehouse/storefront near downtown Knoxville and Emory Place.
      810 Tyson St, Knoxville, TN 37917
      View Details

    Similar Nearby for Sale

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      Prime Redevelopment Opportunity in Knoxville

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    Similar Nearby for Lease

    • $6 SF/Yr
      17,300 SF

      Knoxville Industrial Property For Sale

      17,300 SF Manufacturing/Flex Space in Knoxville, TN
      1412 6Th Ave, Knoxville, TN 37917
      View Details
    • $12 SF/Yr
      24,636 SF

      Prime Old North Knoxville Industrial Space

      24,636 SF Warehouse/Flex/Manufacturing Space
      3411 Huron St, Knoxville, TN 37917
      View Details
    • $8 SF/Yr
      6,000 SF

      Downtown Knoxville Warehouse

      6,000 SF Warehouse - Prime Location
      508 Daniels Ave, Knoxville, TN 37917
      View Details
    • $4,000 /Mo
      4,500 SF

      East Knoxville Industrial Flex Space

      4,500 SF industrial space with easy access to interstates.
      1840 N Cherry St, Knoxville, TN 37917
      View Details
    • $1,500,000
      20,000 SF

      Well-Maintained Warehouse Space Available

      20,000 SF warehouse with dock, parking, and fenced area.
      1214 Wray St, Knoxville, TN 37917
      View Details
    • $18 SF/Yr
      5,800 SF

      Historic Warehouse and Storefront Space

      Historic warehouse/storefront near downtown Knoxville and Emory Place.
      810 Tyson St, Knoxville, TN 37917
      View Details
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    2718 John Deere Dr
    Knoxville, TN 37917
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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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