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    Knoxville Development Knoxville, TN 37932

    For Sale
    $1,496,250

    8.14 Acres, Prime Commercial Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8.14-acre commercial property presents a unique investment opportunity in the thriving West Knoxville area, specifically within the Farragut jurisdiction. The land, held by a single family for over seven decades, comprises three parcels offering diverse development potential. Two parcels are zoned R-1 (Single Family Residence), allowing for residential construction, while one parcel is zoned O-1 (Office), opening possibilities for commercial development. A 2,408 square foot home, built in 1965, is situated on the O-1 zoned parcel. The property features a gently sloping terrain rising from Snyder Road, accessed via a paved asphalt lane. The location offers excellent accessibility and visibility, situated in a fully urbanized area. With its substantial size and flexible zoning, this property is ideal for a variety of development projects, catering to both residential and commercial needs. The combined zoning and existing structure provide immediate income potential and long-term growth opportunities. This is a rare chance to acquire a significant land holding in a highly desirable and rapidly developing part of Knoxville, Tennessee. The property's address is 11745 Snyder Rd, Knoxville, TN 37932. The asking price is $1,496,250.

    Property Features for 0 Knoxville Development

    General Information

    Property type
    Land
    Lot Size
    354,578 SF

    HighLights

    • 8.14‑acre commercial property in West Knoxville's Farragut jurisdiction.
    • Three parcels with diverse development potential: two R‑1 (residential) and one O‑1 (office) zoned.
    • Includes a 2,408 sq ft, 1965‑built home on the O‑1 parcel.
    • Gently sloping terrain with paved asphalt lane access from Snyder Road.
    • Excellent visibility and accessibility in a fully urbanized area.
    • $1,496,250 asking price. Located at 11745 Snyder Rd, Knoxville, TN 37932.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.1389377
    Latitude
    35.9032102

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    FAQs

    What type of property is this?
    Land - 8.14 Acres, Prime Commercial Opportunity
    Where is this land located?
    The property is located at Knoxville Development Knoxville, TN.
    What is the asking price?
    The asking price for this property is $1,496,250.
    What are key features of this property?
    This property features: 8.14-acre commercial property in West Knoxville's Farragut jurisdiction.; Three parcels with diverse development potential: two R-1 (residential) and one O-1 (office) zoned.; Includes a 2,408 sq ft, 1965-built home on the O-1 parcel.
    (865) 690-1111
    Request Owner's contact information
    Knoxville Development Knoxville, TN 37932
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    Knoxville, TN 37932
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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
    Knoxville Development Knoxville, TN 37932
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