Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11124 Kingston Pike Knoxville, TN 37934-2863
    Property profile & analytics

    11124 Kingston Pike, Knoxville, TN 37934-2863

    View on Map
    • Strip malls
    • 18,074 SF
    • 2.22 lot acres
    Off-Market
    Property ID
    US80-1746980
    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.
    Value Estimations
    $3,480,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Robert Cross / Physician
    • Nail Art / Nail Salon
    • McGuire Roofing & Construction / Roofing Company / General Contractor
    • Roofing By RLI / Roofing Company / General Contractor
    • Critical Care Innovative Solutions / Medical Clinic

    Property Details for 11124 Kingston Pike

    Year built
    2006
    Construction
    LIGHT FRAME
    Lot size
    2.22 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    143HA002
    APU
    143HA002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 21, 2024 — Rooney Land Deevelopment LLC Watt Lee Crossing LLC Quit Claim Deed · related —
    Jul 27, 2018 $265,000 Capella LLC Reams,ben R Grant Deed —
    Jan 9, 2017 $265,000 Capella LLC Reams,ben R & Ruth Warranty Deed —
    Sep 5, 2006 $300,000 Shahid Hasnain Essex Pointe Partnership Warranty Deed $225k · American Finance House Lariba
    Jul 11, 2006 — Essex Pointe Retail Condominiu Essex Pointe Ptshp Quit Claim Deed · related —
    Oct 25, 2005 — Ben R Reams Essex Pointe Ptshp Quit Claim Deed · related —
    Jan 11, 2005 $875,000 Essex Pointe Ptshp Sutton,james H Warranty Deed $3.3M · Amsouth Bank
    — — Ben R Reams — Deed Of Trust · related $1.4M · Suntrust Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,480,000
      Market price range: $1.09M - $6.03M
      AI Estimate
      $3,480,000
      Market price range: $1.09M - $6.03M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,480,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $5,640,000
      Change: +62% Conversion: Difficult
      MEDICAL BUILDING
      $3,665,000
      Change: +5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,890,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.1497
    Latitude
    35.8865
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $1,663,300
    $1,914,900
    $3,578,200

    Comparable in this City

    • Value Estimation
      $3,835,000
      13,302 SF

      11001 Parkside Dr

      SHOPPING CENTER, STRIP CENTER
      11001 Parkside Dr, Knoxville, TN 37934-1953
      View Details
    • Value Estimation
      $2,975,000
      11,520 SF

      10820 Kingston Pike

      SHOPPING CENTER, STRIP CENTER
      10820 Kingston Pike, Knoxville, TN 37934-3066
      View Details
    • Value Estimation
      $2,965,000
      10,090 SF

      10901 Parkside Dr

      SHOPPING CENTER, STRIP CENTER
      10901 Parkside Dr, Knoxville, TN 37934-1959
      View Details
    • Value Estimation
      $1,990,000
      10,332 SF

      10910 Kingston Pike

      SHOPPING CENTER, STRIP CENTER
      10910 Kingston Pike, Knoxville, TN 37934-2948
      View Details
    • Value Estimation
      $3,560,000
      27,720 SF

      10931 Kingston Pike

      SHOPPING CENTER, STRIP CENTER
      10931 Kingston Pike, Knoxville, TN 37934-2932
      View Details
    • Value Estimation
      $4,385,000
      27,563 SF

      11420 Kingston Pike

      SHOPPING CENTER, STRIP CENTER
      11420 Kingston Pike, Knoxville, TN 37934-3931
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Profitable Restaurant Investment Opportunity

      Restaurant property with national tenant in high-traffic location.
      609 North Campbell Station Rd, Knoxville, TN 37934
      View Details
    • Contact for pricing

      Kingston Pike Commercial Property

      Commercial property available on Kingston Pike in Knoxville, Tennessee.
      11110-11120 Kingston Pike, Knoxville, TN 37934
      View Details
    • Contact for pricing

      Established Diner Business Opportunity

      Profitable Knoxville diner with loyal customer base for sale.
      11110 Kingston Pike, Farragut, TN 37934
      View Details
    • $2,900,000
      Pending

      Land Available Off Kingston Pike

      Land for sale off Kingston Pike in Knox County.
      12143 Kingston Pike, Knoxville, TN 37934
      View Details
    • Contact for pricing

      Farragut Land Parcel For Sale

      1.3 acre commercial land parcel in Biddle Farms.
      Neptune, Farragut, TN 37934
      View Details
    • Contact for pricing

      8.42 Acres Commercial Land

      Cleared, level land with frontage and easy access.
      Concord Rd, Knoxville, TN 37934
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Space in Westerly Commons

      Retail shops available in Publix-anchored Westerly Commons shopping center.
      13111 Kingston Pike, Knoxville, TN 37934
      View Details
    • Contact for pricing
      2,593 SF

      Farragut Retail Space Available

      Former Stein Mart space in Farragut, Tennessee.
      11519 Kingston Pike, Knoxville, TN 37934
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Mixed-Use Center

      Retail spaces available in a mixed-use town center development.
      170 Kingston Pike, Knoxville, TN 37934
      View Details
    • $28 SF/Yr

      Farragut Restaurant Retail Space

      2,918 SF restaurant space in Farragut, TN for lease.
      11124 Kingston Pike, Knoxville, TN 37934
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Turkey Creek

      Retail buildings with high traffic and thriving neighbors.
      10913 Parkside Dr, Knoxville, TN 37934
      View Details
    • Contact for pricing
      19,201 SF

      Retail Space For Lease

      Retail space available for lease at Kingston Pike, Knoxville.
      13140 Kingston Pike, Knoxville, TN 37934
      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.
    11124 Kingston Pike
    Knoxville, TN 37934-2863
    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
    11124 Kingston Pike, Knoxville, TN, 37934
    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!