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

    1110 Callahan Dr Knoxville, TN 37912

    • Self storage facilities
    • 1.16 lot acres
    For Sale
    View listing
    $499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0177774
    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

    • Self storage facilities

    Property Details for 1110 Callahan Dr

    Lot size
    1.16 lot acres
    Property type
    Self storage facilities
    Property subtype
    Retail space
    APN
    068 051

    Description

    Americus Village Shopping Center presents a unique opportunity for retail businesses seeking high-visibility space in Sumter County, Georgia. This 25,100 square foot shopping center currently has all 7 suites available for lease, offering flexible space options ranging from a minimum of 925 square feet to a maximum contiguous space of 9,975 square feet. The property is ideally suited for a variety of retail concepts, benefiting from its established location and strong tenant mix. Currently, co-tenants include Planet Fitness Southwest Georgia Fitness, Sheppard House Beauty Salon, a Smoke Shop, H&R Block, the Roman Oven, Trendy Nails, Ame Studios, and Lux 821 Restaurant. This diverse range of businesses creates a vibrant and attractive shopping environment, drawing a consistent flow of customers. The entire shopping center is currently vacant, presenting a blank canvas for a new owner or operator to curate a thriving retail destination. The property's size and layout offer significant potential for customization and adaptation to meet the specific needs of prospective tenants. This is an exceptional opportunity to establish a presence in a well-located and established shopping center. Contact us today to learn more about leasing options and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.006729
    Latitude
    36.01828

    Comparable in this City

    • $3,900,000
      520,978 SF

      I-75 Knoxville Commercial Land

      High-traffic, 11.96-acre commercial site.
      305 Callahan Dr, Knoxville, TN 37912
      View Details
    • $1,895,000
      10.75 Acres

      Knoxville Commercial Land Development Opportunity

      10.75-acre commercial land near I-75, suitable for various developments.
      1307 Callahan Dr, Knoxville, TN 37912
      View Details
    • New
      $799,900
      4.38 Acres

      Prime Land on Callahan Drive

      4+ acres in rapidly developing Knoxville commercial zone.
      1342 Callahan Dr, Knoxville, TN 37912
      View Details
    • $2,300,000
      16,180 SF

      Neighborhood Strip Center For Sale

      Three-tenant strip center with investment or owner/user potential.
      5210 Schubert Rd, Knoxville, TN 37912
      View Details
    • Contact for pricing
      44.00 Acres

      Callahan Business Park: 44 Acres

      I-75 Knoxville industrial land, prime location.
      726 Callahan Dr, Knoxville, TN 37912
      View Details
    • $2,422,500
      2.55 Acres

      I-75 & Callahan Dr. Land

      Knoxville Commercial Land, 2.55 Acres
      0 Callahan Dr, Knoxville, TN 37912
      View Details

    Similar Nearby for Sale

    • $3,900,000
      520,978 SF

      I-75 Knoxville Commercial Land

      High-traffic, 11.96-acre commercial site.
      305 Callahan Dr, Knoxville, TN 37912
      View Details
    • $1,895,000
      10.75 Acres

      Knoxville Commercial Land Development Opportunity

      10.75-acre commercial land near I-75, suitable for various developments.
      1307 Callahan Dr, Knoxville, TN 37912
      View Details
    • New
      $799,900
      4.38 Acres

      Prime Land on Callahan Drive

      4+ acres in rapidly developing Knoxville commercial zone.
      1342 Callahan Dr, Knoxville, TN 37912
      View Details
    • $2,300,000
      16,180 SF

      Neighborhood Strip Center For Sale

      Three-tenant strip center with investment or owner/user potential.
      5210 Schubert Rd, Knoxville, TN 37912
      View Details
    • Contact for pricing
      44.00 Acres

      Callahan Business Park: 44 Acres

      I-75 Knoxville industrial land, prime location.
      726 Callahan Dr, Knoxville, TN 37912
      View Details
    • $2,422,500
      2.55 Acres

      I-75 & Callahan Dr. Land

      Knoxville Commercial Land, 2.55 Acres
      0 Callahan Dr, Knoxville, TN 37912
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      17,580 SF

      Retail Space on Clinton Highway

      Retail space available April 2026 in high-traffic Knoxville location.
      6631 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $15 SF/Yr
      4,500 SF

      Retail Space on Clinton Highway

      Retail space available, formerly a gym, with open area.
      5078 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $9,100 /Mo
      8,400 SF

      Knoxville Commercial Property For Rent

      Commercial property with high visibility and accessibility in Knoxville, TN.
      4804 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $9 SF/Yr
      12,000 SF

      Retail Space on Clinton Highway

      Retail space with high visibility and traffic count.
      4313-4315 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $2,750 /Mo
      3,000 SF

      Shared Office Space Available

      Shared office space for lease with utilities and wifi included.
      6704 Watermour Way, Knoxville, TN 37912
      View Details
    • $11 SF/Yr
      8,444 SF

      Prime Knoxville Executive Office Space

      8,444 SF Office Building, 2,098 SF Available
      1104 Merchant Dr, Knoxville, TN 37912
      View Details
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    Knoxville, TN 37912
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    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
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