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    455 Hair Ln Lenoir City, TN 37771
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    455 Hair Ln Lenoir City, TN 37771

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    • Retail properties & Spaces
    • 51,656 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 455 Hair Ln

    Property size
    51,656 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 455 US- Hwy 321 N. & 120 Hair Ln in Lenoir City, Tennessee, offers a prime opportunity for businesses seeking high visibility and ample space. The property boasts a total of 51,656 square feet of retail space, currently featuring multiple tenants. There is 4,610 square feet of immediately available space, divisible into units ranging from a minimum of 900 square feet to a maximum contiguous space of 2,310 square feet, providing flexibility for various business needs. The property is conveniently located in Loudon County, zip code 37771, ensuring easy access for customers and employees. With 244 parking spaces available, ample parking is guaranteed for both tenants and their patrons. This property is classified as Commercial Retail and presents a unique chance to establish or expand your business in a thriving area. The property's location offers excellent visibility and accessibility, making it an ideal choice for a variety of retail businesses. Contact us today to learn more about leasing opportunities.

    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
    Loudon
    State
    Tennessee
    Longitude
    -84.2595
    Latitude
    35.8043

    Comparable in this City

    • Value Estimation by Request
      7,058 SF

      804 Us-321

      Lifestyle centers • 7,058 SF
      804 Us-321, Lenoir City, TN 37771
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    • Value Estimation by Request

      835 Us-321

      Restaurants
      835 Us-321, Lenoir City, TN 37771
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    • Value Estimation by Request
      8,000 SF

      215 Lenoir City Tn

      Individual retail properties • 8,000 SF
      215 Lenoir City Tn, Lenoir City, TN 37771
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    • Value Estimation by Request
      5,000 SF

      2 Lenoir City Tn

      Individual retail properties • 5,000 SF
      2 Lenoir City Tn, Lenoir City, TN 37771
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    • Value Estimation by Request
      0.17 Acres

      Broadway

      COMMERCIAL (GENERAL) • 0.17 Acres
      Broadway, Lenoir City, TN 37771
      View Details
    • Value Estimation by Request
      5,400 SF

      Hwy 70th W

      COMMERCIAL (GENERAL) • 5,400 SF
      Hwy 70th W, Lenoir City, TN 37771
      View Details

    Similar Nearby for Sale

    • $930,000

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    • $325,000
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      Private 5-acre lot in a convenient, gated community.
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      1,670 SF

      Lenoir City Office Investment Opportunity

      Recently renovated office space occupied by long-term tenants.
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    • $800,000
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      Versatile Land in Lenoir City

      8.73 acres with interstate access and utilities available.
      Highway 321 N, Lenoir City, TN 37771
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    Similar Nearby for Lease

    • $30 SF/Yr
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      780 Us-321, Lenoir City, TN 37771
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    • $24 SF/Yr
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      Lenoir City Retail Space Available

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      875 Highway 321 N, Lenoir City, TN 37771
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    • $9 SF/Yr
      40,000 SF

      New Construction Warehouse with Visibility

      New construction warehouse with I-40 visibility, 25 minutes from Knoxville.
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    455 Hair Ln
    Lenoir City, TN 37771
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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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