Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11305 Chapman Hwy Seymour, TN 37865
    Back to Search
    Property profile & analytics

    11305 Chapman Hwy, Seymour, TN 37865

    View on Map
    • Commercial real estate
    • 14,168 SF
    • 1.74 lot acres
    For Sale
    $4,285,000
    View Listing →
    Walgreens NNN Lease Investment Opportunity For Sale
    $4,285,000
    14,490 SF

    Walgreens NNN Lease Investment Opportunity

    NNN leased Walgreens in Seymour, TN with long-term options.

    11305 Chapman Hwy, Seymour, TN 37865
    View Listing
    Property ID
    US80-3519887
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • FedEx OnSite / Postal Service / Courier Service
    • Walgreens Pharmacy / Pharmacy
    • Walgreens / Pharmacy
    • Janice C. Murr Sr, Pharm / Pharmacy

    Property Details for 11305 Chapman Hwy

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.74 lot acres
    Property size
    14,168 SF
    Zone code
    C-2
    Property type
    Commercial real estate
    APN
    078045 09600
    APU
    7804509600

    Description

    This exceptional investment opportunity presents a 14,490-square-foot Walgreens pharmacy, situated on a 1.74-acre lot at 11305 Chapman Hwy, Seymour, TN 37865. The property boasts a strong absolute NNN lease with Walgreens (a tenant rated BBB by S&P), offering a 6.65% cap rate and a substantial net operating income (NOI) of $285,000. The lease, originally commencing December 1, 2003, has a remaining term of approximately four years, with options extending through 2078. The property benefits from a high-traffic location at the intersection of Chapman Hwy (Hwy 441) and Marysville Hwy (Hwy 35), boasting a combined daily traffic count exceeding 27,000 vehicles. This prime location is part of the Knoxville MSA, only 12 miles from downtown Knoxville, and is surrounded by other established businesses including Food City, Tractor Supply Co., AutoZone, Starbucks, McDonald's, Taco Bell, and Burger King. The asking price is $4,285,000, translating to a price per square foot of $295.72. This presents a rare opportunity to acquire a low-risk, investment-grade asset with minimal landlord responsibilities and a history of successful operation exceeding 20 years. The property's size and location within a growing, affluent suburb contribute to its long-term value and potential for appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,935,000
      6.5%
      $2,705,000
      7%
      $2,515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.7586
    Latitude
    35.871
    CBSA code
    42940
    CBSA name
    SEVIERVILLE, TN MICROPOLITAN 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
    2021
    $8,562
    $139,000
    $439,480
    $578,480
    -
    $347,500
    $1,098,700
    $1,446,200

    Comparable in this City

    • Value Estimation by Request
      1.93 Acres

      721 Old Sevierville Pike

      COMMERCIAL (GENERAL) • 1.93 Acres
      721 Old Sevierville Pike, Seymour, TN 37865-4941
      View Details
    • Value Estimation by Request
      9.10 Acres

      355 Tittsworth Spgs Rd

      COMMERCIAL (GENERAL) • 9.10 Acres
      355 Tittsworth Spgs Rd, Seymour, TN 37865-5182
      View Details
    • Value Estimation
      $8,210,000
      58,686 SF

      10721 Chapman Hwy

      COMMERCIAL (GENERAL) • 58,686 SF
      10721 Chapman Hwy, Seymour, TN 37865-4765
      View Details
    • Value Estimation by Request
      5,000 SF

      13305 Chapman Hwy

      COMMERCIAL (GENERAL) • 5,000 SF
      13305 Chapman Hwy, Seymour, TN 37865-6426
      View Details
    • Value Estimation
      $3,005,000
      0.85 Acres

      11423 Chapman Hwy

      COMMERCIAL (GENERAL) • 0.85 Acres
      11423 Chapman Hwy, Seymour, TN 37865-5043
      View Details
    • Value Estimation
      $680,000
      1,200 SF

      318 Overlook Dr

      COMMERCIAL (GENERAL) • 1,200 SF
      318 Overlook Dr, Seymour, TN 37865-5534
      View Details

    Similar Nearby for Sale

    • $455,000
      16.50 Acres

      Versatile Land with Income Potential

      16.5-acre property suitable for residential, agricultural, or commercial use.
      Dupont Rd, Seymour, TN 37865
      View Details
    • $360,000
      1,860 SF

      Seymour Duplex Investment Opportunity

      Duplex in Seymour, TN, ideal for investment or owner-occupancy.
      113 Gray Squirrel Ln, Seymour, TN 37865
      View Details
    • $45,900
      Pending

      Seymour, TN Land Opportunity

      1.65 acre lot in Seymour, TN for custom home.
      Rogers Rd S, Seymour, TN 37865
      View Details
    • Contact for pricing
      14,490 SF

      Walgreens NNN Lease Investment Opportunity

      NNN leased Walgreens in Seymour, TN with long-term options.
      11305 Chapman Hwy, Seymour, TN 37865
      View Details
    • $114,500
      1.90 Acres

      Land on Chapman Highway

      Almost 2 acres with utilities in Seymour, Tennessee.
      12713 Chapman Hwy, Seymour, TN 37865
      View Details
    • $399,000
      1.04 Acres

      Commercial Lot on Chapman Highway

      Commercial lot with high traffic and road frontage in Seymour, TN.
      Chapman Hwy, Seymour, TN 37865
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr

      Restaurant Space in Seymour, TN

      Full-service restaurant space for lease in Seymour, Tennessee.
      10321 Chapman Hwy, Seymour, TN 37865
      View Details
    • $32 SF/Yr

      Restaurant Space in Seymour, TN

      Full-service restaurant space for lease in Seymour, Tennessee.
      10321 Chapman Hwy, Seymour, TN 37865
      View Details
    • $36,000

      Prime Retail Pad Location

      Commercial land for lease in rapidly growing Seymour, Tennessee.
      10241 Chapman Hwy, Seymour, TN 37865
      View Details
    • Contact for pricing

      High-Visibility Office/Retail Space Available

      Functional office/retail space with high traffic and signage opportunity.
      11729 Chapman Hwy, Seymour, TN 37865
      View Details
    • $2,450,000

      Restaurant Space in Seymour, TN

      Full-service restaurant space with ample parking and updated infrastructure.
      10321 Chapman Hwy, Seymour, TN 37865
      View Details
    • Contact for pricing
      9,925 SF

      Spacious Office/Medical Ready for Rent

      Office/Medical space featuring 8 offices, 2 kitchens, and conference room.
      319 Blue Peacock Way, Seymour, TN 37865
      View Details
    View Listing
    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.
    11305 Chapman Hwy
    Seymour, TN 37865
    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
    11305 Chapman Hwy, Seymour, TN, 37865
    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!