Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    101148 Home Sfr Knoxville, TN 37909

    Property Lookup

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

    101148 Home Sfr Knoxville, TN 37909

    View on Map
    • Residential income homes
    • 18,386 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 101148 Home Sfr

    Year built
    1983
    Property size
    18,386 SF
    Property type
    Residential income homes

    Description

    This exceptional 9-unit single-family rental portfolio presents a compelling investment opportunity in the thriving Knoxville, Tennessee market. The portfolio comprises nine detached homes, strategically located across multiple desirable areas including Apple Valley, Hixson, Ooltewah, Soddy Daisy, and Chattanooga. The homes boast a mix of unit sizes, including two three-bedroom, six four-bedroom, and one five-bedroom residences, with an average size of 2,042 square feet. Situated on expansive lots averaging 23,861 square feet, these properties offer ample space and privacy. Built between 1938 and 2021, with an average construction year of 1983, the portfolio benefits from a blend of established and potentially updated properties. Currently operating at 100% occupancy with fully vetted tenants, the portfolio generates a substantial net operating income (NOI) of $205,867, projecting to $207,036. The average monthly rent per unit is $2,512, contributing to a strong 5.88% cap rate and a pro-forma cap rate of 5.92%. The total square footage is 18,386, and the asking price is $3,500,000, representing a price per unit of $388,889 and a price per square foot of $190.36. This portfolio offers a rare opportunity to acquire a stabilized, cash-flowing investment in a rapidly growing market with significant upside potential. The portfolio is offered fee simple. The total lot size for the entire portfolio is 214,751 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Blount
    State
    Tennessee
    Longitude
    -84.0326
    Latitude
    35.9467

    Comparable in this City

    • Value Estimation
      $6,485,000
      14,157 SF

      1575 Coleman Rd, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS) • 14,157 SF
      1575 Coleman Rd, Knoxville, TN 37909-2832
      View Details
    • Value Estimation
      $4,605,000
      13,440 SF

      6520 Pne Blf Blvd

      APARTMENT HOUSE (UNDER 5 UNITS) • 13,440 SF
      6520 Pne Blf Blvd, Knoxville, TN 37909
      View Details
    • Value Estimation by Request
      20,622 SF

      7118 Arbor Trce Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 20,622 SF
      7118 Arbor Trce Ln, Knoxville, TN 37909-3012
      View Details
    • Value Estimation
      $1,895,000
      6,072 SF

      801 Vanosdale Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,072 SF
      801 Vanosdale Rd, Knoxville, TN 37909-2497
      View Details
    • Value Estimation
      $6,700,000
      14,621 SF

      4619 Sunflower Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 14,621 SF
      4619 Sunflower Rd, Knoxville, TN 37909-1427
      View Details
    • Value Estimation
      $17,580,000
      28,227 SF

      100 Brentway Cir

      APARTMENT HOUSE (UNDER 5 UNITS) • 28,227 SF
      100 Brentway Cir, Knoxville, TN 37909-1303
      View Details

    Similar Nearby for Sale

    • $489,900
      4,180 SF

      West Knoxville Multifamily Investment Opportunity

      Four-unit apartment building in West Knoxville with immediate income potential.
      7500 Falling Leaves Cir Northwest, Knoxville, TN 37909
      View Details
    • $489,900
      Pending

      West Knoxville Multifamily Investment Opportunity

      Four-unit apartment building in West Knoxville with immediate income potential.
      7500 Falling Leaves Cir, Knoxville, TN 37909
      View Details
    • $1,050,000

      Prime Land on Weisgarber Road

      Four acres ideal for office development in West Knoxville.
      1122 Old Weisgarber Rd, Knoxville, TN 37909
      View Details
    • Contact for pricing
      Pending

      Residential Land in Knoxville, TN

      Vacant residential lot available in Knoxville, Tennessee.
      4518 Lonas Dr, Knoxville, TN 37909
      View Details
    • $1,050,000

      Prime Land for Office Development

      Four acres ideal for office development in West Knoxville.
      1122 Old Weisgarber Rd, Knoxville, TN 37909
      View Details
    • Contact for pricing

      Renovated Warehouse with Covered Loading

      30,614 SF warehouse with renovated office space for sale.
      5836 Casey Dr, Knoxville, TN 37909
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Complex

      83,173 SF office complex with room to expand.
      1225 Weisgarber Rd, Knoxville, TN 37909
      View Details
    • Contact for pricing

      Office Space in Bearden Submarket

      Office spaces available in renovated Colony Park office development.
      4709 Papermill Dr NW, Knoxville, TN 37909
      View Details
    • $19 SF/Yr
      7,520 SF

      Office Space Available For Rent

      7,520 square feet of office space for lease.
      6305 Lonas Dr, Knoxville, TN 37909
      View Details
    • $14 SF/Yr

      West Knoxville Office Suites

      Office suites in West Knoxville with easy I-40 access.
      6500 Papermill, Knoxville, TN 37909
      View Details
    • $23 SF/Yr
      3,466 SF

      Class A Office Complex

      83,173 SF office complex with room to expand.
      1125 E Weisgarber Rd, Knoxville, TN 37909
      View Details
    • $19 SF/Yr
      2,500 SF

      Office Space in Bearden Submarket

      Office space for rent in renovated Colony Park development.
      4707-4713 Papermill Dr Northwest, Knoxville, TN 37909
      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.
    101148 Home Sfr
    Knoxville, TN 37909
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!