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    11251 Parkside Dr Knoxville, TN 37934
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    11251 Parkside Dr Knoxville, TN 37934

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    • Retail properties & Spaces
    • 650,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Pinnacle at Turkey Creek / Electronics & Wireless Store
    • Crawford Square Real Estate Advisors / Property Management Company

    Property Details for 11251 Parkside Dr

    Property size
    650,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    The Pinnacle at Turkey Creek, located at 11251 Parkside Dr, Knoxville, TN 37934, presents a prime retail investment opportunity in the thriving Farragut/Knoxville submarket, specifically the Turkey Creek cluster. This regional shopping center offers a total of 650,000 square feet of retail space, currently featuring multiple tenants. Eleven spaces are immediately available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 8,000 square feet. A significant 36,052 square feet of vacant space is ready for immediate occupancy, providing flexibility for various retail concepts, restaurants, fashion boutiques, or service businesses. The property is situated in Knox County and benefits from its location within the high-traffic Turkey Creek area. This presents a unique chance to establish a presence in a well-established and highly visible retail center, catering to a substantial customer base. The property's size and layout offer considerable potential for expansion or adaptation to suit diverse business needs. Interested parties are encouraged to explore this exceptional opportunity to secure retail space in a dynamic and prosperous location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.1605
    Latitude
    35.9001

    Comparable in this City

    • Value Estimation by Request
      4,220 SF

      Kingston Pike

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      0 Kingston Pike, Farragut, TN 37934
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    • Value Estimation by Request
      3,795 SF

      609 Campbell Station Rd

      Restaurants • 3,795 SF
      609 Campbell Station Rd, Knoxville, TN 37934
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    • Value Estimation by Request
      10,809 SF

      11113-11115 Kingston Pike

      Retail properties & Spaces • 10,809 SF
      11113-11115 Kingston Pike, Knoxville, TN 37934
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    • Value Estimation by Request
      184 SF

      105 Brooklawn St

      RETAIL STORES (PERSONAL SERVICES) • 184 SF
      105 Brooklawn St, Knoxville, TN 37934-2875
      View Details
    • Value Estimation
      $860,000
      4,200 SF

      215 Brooklawn St

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      215 Brooklawn St, Knoxville, TN 37934-2869
      View Details
    • Value Estimation
      $790,000
      3,840 SF

      12001 Kingston Pike

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      12001 Kingston Pike, Knoxville, TN 37934-4604
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Profitable Restaurant Investment Opportunity

      Restaurant property with national tenant in high-traffic location.
      609 North Campbell Station Rd, Knoxville, TN 37934
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    • $1,000,000

      Established Diner Business Opportunity

      Profitable Knoxville diner with loyal customer base for sale.
      11110 Kingston Pike, Farragut, TN 37934
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    • $3,000,000
      Pending

      Restaurant Investment Opportunity in Knoxville

      Profitable restaurant property with national tenant in desirable Knoxville location.
      609 N Campbell Station Rd, Knoxville, TN 37934
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    • Contact for pricing

      Kingston Pike Commercial Property

      Commercial property available on Kingston Pike in Knoxville, Tennessee.
      11110-11120 Kingston Pike, Knoxville, TN 37934
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    • $1,500,000
      8.12 Acres

      Prime Farragut Development Opportunity

      8.12-acre parcel in Knoxville's desirable growth corridor.
      500 Concord Rd, Knoxville, TN 37934
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    Similar Nearby for Lease

    • $28 SF/Yr

      Farragut Restaurant Retail Space

      2,918 SF restaurant space in Farragut, TN for lease.
      11124 Kingston Pike, Knoxville, TN 37934
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    • $28 SF/Yr
      1,200 SF

      Retail Space in Turkey Creek

      Retail buildings with high traffic and thriving neighbors.
      10913 Parkside Dr, Knoxville, TN 37934
      View Details
    • Contact for pricing
      19,201 SF

      Retail Space For Lease

      Retail space available for lease at Kingston Pike, Knoxville.
      13140 Kingston Pike, Knoxville, TN 37934
      View Details
    • Contact for pricing
      2,593 SF

      Farragut Retail Space Available

      Former Stein Mart space in Farragut, Tennessee.
      11519 Kingston Pike, Knoxville, TN 37934
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    • Contact for pricing
      1,870 SF

      Retail Space Near Kroger Marketplace

      1,870 SF retail space available for lease.
      241 Brooklawn St, Farragut, TN 37934
      View Details
    • $45 SF/Yr
      4,000 SF

      Retail Space in Mixed-Use Center

      Retail spaces available in a mixed-use town center development.
      170 Kingston Pike, Knoxville, TN 37934
      View Details
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    11251 Parkside Dr
    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
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