Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Abner Cruze Rd Knoxville, TN 37920
    Property profile & analytics

    Abner Cruze Rd, Knoxville, TN 37920

    View on Map
    • Land
    • 7.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Abner Cruze Rd

    Lot size
    7.50 lot acres
    Property type
    Land

    Description

    This exceptional 7.5-acre parcel in South Knoxville presents a remarkable development opportunity. Ideally situated near the intersection of Chapman Highway and boasting an impressive 705 feet of road frontage on West Governor John Sevier Highway, this property benefits from exceptional visibility and high traffic counts. The location is surrounded by numerous big-box retailers and restaurants, ensuring consistent customer flow. Zoned RB, this land is well-suited for a variety of uses, including multi-family residential development, a retail strip center, or a restaurant. The property's substantial size and prime location make it an attractive investment for developers seeking high-impact projects. The address is Abner Cruze Rd, Knoxville, TN 37920, with the APN listed as 137 164. The asking price is $1,600,000. Buyers are responsible for verifying all property dimensions. This is a rare opportunity to acquire a significant tract of land in a thriving South Knoxville location. Don't miss out on this chance to build your vision in a high-demand area.

    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
    -83.8449
    Latitude
    35.9046

    Comparable in this City

    • Value Estimation by Request
      11.86 Acres

      Remagen Ln

      Land
      0 Remagen Ln, Knoxville, TN 37920
      View Details
    • Value Estimation by Request
      42.00 Acres

      413 Red Bud Rd

      Farms
      413 Red Bud Rd, Knoxville, TN 37920
      View Details
    • Value Estimation by Request
      0.60 Acres

      7218 Chapman Hwy

      Land
      7218 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Value Estimation by Request

      3215-3303 Chapman Hwy

      Land
      3215-3303 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Value Estimation by Request
      8.80 Acres

      Tipton Station Rd

      Farms
      0 Tipton Station Rd, Knoxville, TN 37920
      View Details
    • Value Estimation by Request
      1,408 SF

      3001 Riv Towne Way, Unit 509

      GARDEN APT, COURT APT (5+ UNITS)
      3001 Riv Towne Way, Knoxville, TN 37920-1570
      View Details

    Similar Nearby for Sale

    • $4,999,999
      22.28 Acres

      Waterfront Land on Little River

      22-acre waterfront tract ideal for a private estate.
      Topside Rd, Knoxville, TN 37920
      View Details
    • $850,000
      Pending

      Knoxville Land For Sale

      26.84 acre land parcel in Knoxville, Tennessee.
      217 Whites School Rd, Knoxville, TN 37920
      View Details
    • Contact for pricing

      UT Knoxville Development Site

      Development site suitable for student housing near UT Knoxville.
      2537 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $445,000
      Pending

      22-Acre Knoxville Country Retreat

      Serene 22-acre property with barn, creek, and scenic pond.
      1711 Tarklin Valley Rd, Knoxville, TN 37920
      View Details
    • $119,000
      Pending

      Unrestricted Land in Knoxville, TN

      3.37-acre tract of land with potential for various uses.
      Rhea Rd, Knoxville, TN 37920
      View Details
    • Contact for pricing

      1.5 Acres Corner Lot

      1.5 acres available at Chapman Highway & Blount Avenue.
      220 E Blount Ave, Knoxville, TN 37920
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo

      Commercial Land in High-Traffic Area

      Land for rent in growing waterfront area with high visibility.
      3106 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $1,200 /Mo

      High-Traffic Land for Lease

      Prime commercial land available in a high-growth Knoxville corridor.
      3106 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $2,800 /Mo

      Prime Corner Lot for Rent

      Corner lot near waterfront and Kerns Bakery development available for rent.
      2001 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $2,800 /Mo

      Prime Corner Lot For Rent

      Corner lot at gateway to South Knoxville development, for rent.
      2001 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Contact for pricing

      Prime Corner Land for Lease

      Corner lot near new development available for land lease.
      2001 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $15 SF/Yr
      2,415 SF

      Retail Center Space For Lease

      Health and wellness focused retail center with high visibility.
      4512 Chapman Hwy, Knoxville, TN 37920
      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.
    Abner Cruze Rd
    Knoxville, TN 37920
    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
    Abner Cruze Rd, Knoxville, TN, 37920
    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!