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    2000 Hwy Lenoir City, TN 37772

    • Office Properties & Spaces
    • 800 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2000 Hwy

    Property size
    800 SF
    Property type
    Office Properties & Spaces

    Description

    This 800-square-foot traditional office space in Lenoir City, Tennessee, presents a fantastic opportunity for businesses seeking a functional and conveniently located workspace. Situated at 2000 W Hwy 11E, zip code 37772, this single-tenant property offers excellent visibility and accessibility, being conveniently located near Hwy 11 Storage. The office features a welcoming reception area, perfect for client interaction. Two private offices provide ample space for individual work or team collaboration. A convenient bathroom is included within the unit. Ample parking is available for both tenants and clients, ensuring ease of access for everyone. This Jefferson County property is ideal for small businesses or those looking to expand their operations. Its prime location and functional layout make it an attractive option for professionals seeking a productive and comfortable work environment. The property's proximity to Hwy 11 ensures easy access for clients and employees alike. This ready-to-occupy space offers a cost-effective solution for businesses seeking a professional image and efficient workflow. Don't miss this chance to secure this well-positioned office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.6225
    Latitude
    36.0785

    Comparable in this City

    • Value Estimation
      $180,000
      2,928 SF

      5155 Hwy 11th E

      OFFICE (GENERAL) • 2,928 SF
      5155 Hwy 11th E, Lenoir City, TN 37772-6203
      View Details
    • Value Estimation
      $270,000
      1,111 SF

      2107 Big Hl Rd

      OFFICE (GENERAL) • 1,111 SF
      2107 Big Hl Rd, Lenoir City, TN 37772-4841
      View Details
    • Value Estimation
      $1,900,000
      11,350 SF

      350 Lighthouse Pointe Dr

      OFFICE (GENERAL) • 11,350 SF
      350 Lighthouse Pointe Dr, Lenoir City, TN 37772-4972
      View Details
    • Value Estimation
      $420,000
      8,904 SF

      260 Interchange Park Dr

      OFFICE (GENERAL) • 8,904 SF
      260 Interchange Park Dr, Lenoir City, TN 37772-5664
      View Details
    • Value Estimation
      $685,000
      21,200 SF

      14488 Old Stage Rd

      OFFICE (GENERAL) • 21,200 SF
      14488 Old Stage Rd, Lenoir City, TN 37772-5494
      View Details
    • Value Estimation
      $505,000
      8,000 SF

      120 Beals Chapel Rd

      OFFICE (GENERAL) • 8,000 SF
      120 Beals Chapel Rd, Lenoir City, TN 37772
      View Details

    Similar Nearby for Sale

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      Waterfront Land with Lake Views

      2.55-acre waterfront homesite with stunning lake views in Lenoir City.
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    • $1,995,000
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      Rare Lakefront Lot in WindRiver

      Nearly one-acre lot with 220+ feet of shoreline.
      390 Admiral Ct, Lenoir City, TN 37772
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    • $450,000
      0.47 Acres

      Lakefront Lot in WindRiver Community

      Exceptional lake lot with deep water cove and planned amenities.
      1595 Halyard Rd, Lenoir City, TN 37772
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      Golf Front Homesite with Lake View

      Golf front homesite with lake view in WindRiver community.
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      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      25,900 SF

      Move-in Ready Office Spaces Available

      Well-appointed office spaces with ample parking and highway exposure.
      149 Kelsey Ln, Lenoir City, TN 37772
      View Details
    • $36 SF/Yr
      2,000 SF

      Retail Space Walmart Outparcel

      Retail space available in a Walmart outparcel location.
      375 Kelsey Ln, Lenoir City, TN 37772
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    • $1,530,000

      Lenoir City Commercial Corner Lot

      3.4 acre commercial lot at signalized intersection for rent.
      6801 Highway 11 East, Lenoir City, TN 37772
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    • $26 SF/Yr
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      Lenoir City Retail Space Available

      Retail space in high-traffic Lenoir City retail corridor.
      131 Kelsey Ln, Lenoir City, TN 37772
      View Details
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    2000 Hwy
    Lenoir City, TN 37772
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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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