7605 Strawberry Plains Pike Knoxville, TN 37924
This exceptional 1.65-acre commercial land parcel in Knoxville, Tennessee, presents a compelling investment opportunity. Located at 7605 Strawberry Plains Pike, zip code 37924, this property boasts high visibility and accessibility, situated adjacent to Universal at Strawberry Plains, a newly constructed 348-unit apartment complex featuring one, two, and three-bedroom apartments and townhomes. The site benefits from significant traffic volume, with counts exceeding 100,729 vehicles daily at the I-40 interchange and 20,381 on 25W. This strategic location is further enhanced by the proximity of established retail businesses including McDonald's, Wendy's, Waffle House, Cracker Barrel, Burger King, Pilot Travel Center, and Taco Bell. Strong demographics support the area's potential, with a 5-mile radius population of 26,483, a 7-mile radius population of 59,477, and a 10-mile radius population of 195,989. Average household incomes within these radii range from $68,775 to $74,973, indicating a robust consumer base. The asking price for this prime commercial land is $1,000,000. This property offers significant potential for a variety of commercial developments, capitalizing on its ideal location and strong surrounding demographics. The property is zoned for commercial use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.