Mixed-Use Property with
Knoxville, TN 37914, Knoxville, TN 37914
For Sale
New
$495,000
Multi-Family, Knoxville, TN
Property Size2,220 SF
Lot Size0.18 Acres
Price / SF$222.97
Days on Market2
Property Features
General Information
Property type
Property subtype
Bedrooms
Full bathrooms
Rooms
Parking features
Appliances
Elementary school
Middle school
High school
Subdivision
Standard status
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Weichert REALTORS Advantage Plus
(865) 474-7100
Listed By:
Tobias Kight
(865) 360-4888
Added: Nov 10
Last Checked: Nov 11 at 8:06AM
MLS# 1361672
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,220-square-foot mixed-use property has a storefront on the ground level and residential space upstairs. The 0.18-acre parcel is zoned C-G-2 and has city utilities. Built in 1930, the brick building includes off-street parking at the rear, accessed from an alley.
The property is within 2.5 miles of Covenant Health Park and near restaurants, I-40, and downtown Knoxville. Interior features include central air conditioning, natural gas and electric heating, and vinyl, laminate, and hardwood flooring.
The property is within 2.5 miles of Covenant Health Park and near restaurants, I-40, and downtown Knoxville. Interior features include central air conditioning, natural gas and electric heating, and vinyl, laminate, and hardwood flooring.
Key Highlights
- 2,220‑square‑foot mixed‑use building with storefront below and residential space above
- 0.18‑acre parcel zoned C‑G‑2
- Rear off‑street parking accessed by alley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,888
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,760
$637.8K
Cap Rate 7%
$455,543
$455.5K
Cap Rate 9%
$354,311
$354.3K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$48.0K $21.60/SF
− Vacancy
−$2.4K −$1.08/SF
EGI
$45.6K $20.52/SF
− OpEx
−$13.7K −$6.16/SF
NOI
$31.9K $14.36/SF
Area
Knoxville, TN
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,760
Cap Rate 7%
$455,543
Cap Rate 9%
$354,311
Alternative Uses
Best Use
Retail
$455.5K
$398.6K – $531.5K
NOI $31,888 @ 7.0% cap · market cap 6.44%
Second Best
Mixed Use
$346.3K
$303.0K – $404.0K
NOI $24,242 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$549.8K
$481.1K – $641.5K
NOI $38,489 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 37914, TN
20,587
Population
9,861
Households
2.1
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
519
Density / Sq Mi
$55,933
Median Household Income
$36,321
Median Earnings
$988
Median Rent
$204,300
Median Home Value
Market
Vacancy Rate% for Retail in Knoxville, TN
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-level commercial space is paired with residential space on the floor above.
Where is this mixed-use property located?
The property is located at Knoxville, TN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,220‑square‑foot mixed‑use building with storefront below and residential space above; 0.18‑acre parcel zoned C‑G‑2; Rear off‑street parking accessed by alley
