Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10601 Murdock Dr Knoxville, TN 37932-3253

    • Casinos
    • 75,768 SF
    • 9.76 lot acres
    OFF-MARKET
    Value Estimations
    $9,740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1240576
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • FedEx Ship Center / Shipping Service / Shipping Company

    Property Details for 10601 Murdock Dr

    Year built
    1997
    Construction
    LIGHT FRAME
    Lot size
    9.76 lot acres
    Property size
    75,768 SF
    Property type
    Casinos
    APN
    118 17319
    APU
    11817319

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,737,000
      Market price range: $9.74M - $19.3M
      AI Estimate
      $9,737,000
      Market price range: $9.74M - $19.3M

    • Alternative Use

      Use
      Estimation
      CASINO
      $11,330,000
      Current use
      MEDICAL BUILDING
      $15,355,000
      Change: +36% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $14,590,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $12,110,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $10,120,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.1423
    Latitude
    35.9187
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,937
    $0.00
    $0.00
    $2,505,575
    -
    $1,202,600
    $5,061,900
    $6,264,500

    Comparable in this City

    • Value Estimation
      $1,105,000
      8,605 SF

      600 Reliability Cir

      CASINO • 8,605 SF
      600 Reliability Cir, Knoxville, TN 37932-3354
      View Details
    • Value Estimation
      $9,475,000
      45,568 SF

      10604 Murdock Dr

      CASINO • 45,568 SF
      10604 Murdock Dr, Knoxville, TN 37932-3299
      View Details
    • Value Estimation by Request
      1,412 SF

      10700 Murdock Dr

      CASINO • 1,412 SF
      10700 Murdock Dr, Knoxville, TN 37932-3237
      View Details
    • Value Estimation
      $1,020,000
      7,920 SF

      2033 Castaic Ln, Unit 102

      CASINO • 7,920 SF
      2033 Castaic Ln, Knoxville, TN 37932-1557
      View Details
    • Value Estimation by Request
      1,557 SF

      2220 Award Winning Way Ste, Unit 102

      CASINO • 1,557 SF
      2220 Award Winning Way Ste, Knoxville, TN 37932-1995
      View Details
    • Value Estimation
      $2,370,000
      12,213 SF

      620 Mabry Hood Rd Ste, Unit 201

      CASINO • 12,213 SF
      620 Mabry Hood Rd Ste, Knoxville, TN 37932-2661
      View Details

    Similar Nearby for Sale

    • $16,100,000
      189,000 SF

      West Knoxville Industrial Dual-Building Campus

      189,000 SF industrial campus near I-40 in Knoxville, TN.
      700 Dalen Ln, Knoxville, TN 37932
      View Details
    • $950,000
      Pending

      Hardin Valley Acreage Bordering Lake

      Unrestricted 4.57-acre lot bordering Melton Hill Lake.
      13136 George Lovelace Ln, Knoxville, TN 37932
      View Details
    • Contact for pricing
      4.68 Acres

      Knoxville Commercial Land - Century Park

      Prime 4.68-acre commercial lot in Knoxville, TN
      0 Investment Dr, Knoxville, TN 37932
      View Details
    • $1,496,250
      8.14 Acres

      West Knoxville Development Land

      8.14 Acres, Prime Commercial Opportunity
      0 Knoxville Development, Knoxville, TN 37932
      View Details
    • Contact for pricing
      7.00 Acres

      Century Park: 7-Acre Commercial Land

      Knoxville, TN Office Park Land - Prime Location
      0 Investment Dr, Knoxville, TN 37932
      View Details
    • Contact for pricing
      15,000 SF

      West Knoxville Office/Warehouse Building

      15,000 SF office/warehouse in thriving business district.
      11029 Terrapin Station Ln, Knoxville, TN 37932
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      11,609 SF

      Versatile Studio Space in Knoxville

      Exceptional leasing opportunity with modern amenities and versatile spaces.
      9721 Sherrill Blvd, Knoxville, TN 37932
      View Details
    • $30 SF/Yr
      54,742 SF

      Century Park VI Office Space

      Class A Office Suites, Pellissippi Parkway
      10101 Global Way, Knoxville, TN 37932
      View Details
    • $38 SF/Yr
      18,132 SF

      Retail Space on Hardin Valley

      Premier retail leasing opportunity in Knoxville, TN on Hardin Valley.
      Spring Bluff Way, Knoxville, TN 37932
      View Details
    • $42,000

      Land For Rent Knoxville

      Land available for rent in Knoxville, Tennessee.
      11220 Outlet Dr, Knoxville, TN 37932
      View Details
    • $38 SF/Yr
      2,974 SF

      Restaurant Space Near Pellissippi Parkway

      Restaurant space available in a fast-growing community.
      10813 Hardin Valley Rd, Knoxville, TN 37932
      View Details
    • $21 SF/Yr
      71,660 SF

      Centerpoint Business Park Office Space

      Knoxville, TN Class A Office Suites
      1431 Centerpoint Blvd, 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.
    10601 Murdock Dr
    Knoxville, TN 37932-3253
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.