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    737 Lovell Rd Knoxville, TN 37934

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    For Lease
    Contact for pricing

    Knoxville Pad-Ready Site: Build-to-Suit or Ground Lease

    Lot size:
    28,314 SF

    Property Features for 737 Lovell Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,314 SF
    Total Rate
    70000

    Spaces For Lease

    at 737 Lovell Rd, Knoxville, TN 37934 Contact us
    Unit

    $70,000 /Mo

    Size
    28,314 SF
    Contact us

    We can help!

    Listing Contact
    Dalton Maddox
    Dalton Maddox

    Listing Agency: Maddox Companies Listing Agent: Dalton Maddox

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1-acre retail property, located at 737 Lovell Rd in Knoxville, Tennessee (zip code 37934), presents a unique investment opportunity. Zoned CB, this single-tenant pad-ready site offers immediate availability for build-to-suit development or ground lease. Situated in Knox County, the property boasts convenient access and direct road frontage, making it highly visible and easily accessible to customers. The location benefits from a rapidly growing residential market, further enhancing its potential for success. A significant advantage is the soon-to-open new bypass, which will improve traffic flow and accessibility to the site. The property is ideal for a wide range of retail uses. While Tract 2, as shown in some marketing materials, is now under state ownership, this offering focuses solely on the described 1-acre parcel. This prime location offers significant potential for long-term growth and profitability. Serious inquiries are encouraged to explore this compelling opportunity to establish a thriving retail presence in a dynamic Knoxville market. The property's latitude and longitude coordinates are 35.91320414736843 and -84.15192835073906 respectively.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Freight Furniture, ... Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.151928350739
    Latitude
    35.913204147368

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    FAQs

    What type of property is this?
    Land - Knoxville Pad-Ready Site: Build-to-Suit or Ground Lease
    Where is this land located?
    The property is located at 737 Lovell Rd Knoxville, TN.
    What is the lease rate?
    The lease rate is $70,000.
    What are key features of this property?
    This property features: 1-acre retail property at 737 Lovell Rd, Knoxville, TN 37934.; CB zoning, pad-ready site, immediate availability for build-to-suit or ground lease.; Excellent visibility and accessibility due to direct road frontage and convenient location in Knox County.
    (865) 522-9910 Call to check price and availability
    Request Owner's contact information
    737 Lovell Rd Knoxville, TN 37934
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    Knoxville, TN 37934
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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
    737 Lovell Rd Knoxville, TN 37934
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    Contact for Pricing
    Please call us for current price
    and status of this listing Dalton Maddox
    Dalton Maddox
    Real Estate License ID: 369008
    (865) 522-9910 (865) 318-5178
    Learn more
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