Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Outlet Dr Knoxville, TN 37932

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Outlet Dr Knoxville, TN 37932

    View on Map
    • Specialty properties
    • 46,678 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Outlet Dr

    Property size
    46,678 SF
    Property type
    Specialty properties

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a Topgolf facility in Knoxville, Tennessee. Built in 2022, this 46,678 square foot, single-tenant property boasts a strong 6.03% cap rate and a substantial net operating income (NOI) of $2,142,000. The property is situated on Outlet Dr, conveniently located off I-40 at the intersection of Highway 140, within a thriving retail and hospitality development. The absolute NNN lease, featuring a corporate guarantee from Callaway Golf, provides exceptional security and stability. With 18 years remaining on the lease term, commencing June 1, 2022, and rent bumps of 10% every five years, this asset offers significant long-term growth potential. The property features zero loading docks. Two lease options are available. The asking price is $35,700,000. This prime investment asset offers a compelling combination of strong cash flow, secure tenancy, and significant upside potential. The motivated seller invites inquiries for further details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.158
    Latitude
    35.9041

    Comparable in this City

    • Value Estimation
      $700,000
      6,148 SF

      11424 Hardin Vly Rd

      VETERINARY, ANIMAL HOSPITAL • 6,148 SF
      11424 Hardin Vly Rd, Knoxville, TN 37932-1421
      View Details
    • Value Estimation by Request
      3,631 SF

      1727 Schaeffer Rd

      VETERINARY, ANIMAL HOSPITAL • 3,631 SF
      1727 Schaeffer Rd, Knoxville, TN 37932-1896
      View Details
    • Value Estimation by Request
      11,358 SF

      9913 Sherrill Blvd

      FUNERAL HOME • 11,358 SF
      9913 Sherrill Blvd, Knoxville, TN 37932-3365
      View Details
    • Value Estimation by Request

      12734 Hickory Crk Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      12734 Hickory Crk Rd, Knoxville, TN 37932-2138
      View Details
    • Value Estimation
      $885,000
      3,456 SF

      1539 Schaeffer Rd

      CASINO • 3,456 SF
      1539 Schaeffer Rd, Knoxville, TN 37932-1507
      View Details
    • Value Estimation by Request
      866 SF

      1716 Everett Rd

      CASINO • 866 SF
      1716 Everett Rd, Knoxville, TN 37932-3403
      View Details

    Similar Nearby for Sale

    • $945,000
      4.57 Acres

      Unrestricted Waterfront Acreage in Knoxville

      Prime unrestricted acreage bordering Melton Hill Lake in Hardin Valley.
      13136 George Lovelace Ln, Knoxville, TN 37932
      View Details
    • New
      $130,000
      0.73 Acres

      Hardin Valley Homesite Opportunity

      0.73-acre homesite in established Knoxville community with unique amenities.
      2209 Viewcrest Ln, Knoxville, TN 37932
      View Details
    • $4,750,000
      28,678 SF

      Prime Hardin Valley Office Building | 28,678 SF

      Prime Hardin Valley Office Building | 28,678 SF
      2010 Castaic Lane, Knoxville, TN 37932
      View Details
    • $11,000,000
      106,000 SF

      Knoxville Industrial Distribution Opportunity

      106,000 SF distribution facility in Knoxville's industrial corridor.
      700 Dalen Ln, Knoxville, TN 37932
      View Details
    • $1,750,000
      30.30 Acres

      30 Acres in Knoxville, TN

      Undeveloped 30-acre tract in high-demand Knoxville area.
      2013 Thompson Rd, Knoxville, TN 37932
      View Details
    • $199,900
      0.54 Acres

      Residential Land in Hardin Valley

      0.54-acre cul-de-sac lot in Covered Bridge community.
      12309 Conner Springs Ln, Knoxville, TN 37932
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      11,736 SF

      Versatile Studio Space in Knoxville

      Exceptional leasing opportunity with modern amenities and versatile spaces.
      9721 Sherrill Blvd, Knoxville, TN 37932
      View Details
    • Contact for pricing

      Versatile Knoxville Office and Studio

      Premier leasing opportunity with modern amenities and versatile spaces.
      9721 Sherrill Blvd, Knoxville, TN 37932
      View Details
    • Contact for pricing
      7,500 SF

      Knoxville Retail Outparcel

      Topgolf adjacent, high-traffic location
      11320 Outlet Dr, Knoxville, TN 37932
      View Details
    • $6,440 /Mo
      5,604 SF

      Renovated West Knox Industrial Space

      19,124 SF industrial space with yard area for lease.
      10737 Dutchtown Rd, Knoxville, TN 37932
      View Details
    • $12 SF/Yr
      27,435 SF

      Industrial Flex Space For Lease

      7200 SF industrial flex space with easy interstate access.
      627 American Glass Way, Knoxville, TN 37932
      View Details
    • $19 SF/Yr
      4,140 SF

      Hardin Valley Professional Office Space

      Professional office space in thriving Hardin Valley market for lease.
      10330 Hardin Valley Rd, Knoxville, TN 37932
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Outlet Dr
    Knoxville, TN 37932
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    Outlet Dr, Knoxville, TN, 37932

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!