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    11321 Kingston Pike Knoxville, TN 37934-2885
    Property profile & analytics

    11321 Kingston Pike, Knoxville, TN 37934-2885

    View on Map
    • Strip malls
    • 9,783 SF
    • 1.17 lot acres
    Off-Market
    Property ID
    US80-1368821
    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
    $3,265,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 35 North Bar & Grill / Restaurant
    • Admirals Corner / Corporate Office
    • Nappy Wingz / Restaurant
    • TEAM Restaurant Management / Restaurant

    Property Details for 11321 Kingston Pike

    Year built
    2020
    Construction
    LIGHT FRAME
    Lot size
    1.17 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    142 130
    APU
    142130

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 3, 2018 $700,000 Little Savage Panda LLC Mr Zip INC Of Tn Warranty Deed $560k · Tnbank
    May 26, 1998 $672,000 Mr Zip INC Phillips Petroleum Co Grant Deed —
    — — Little Savage Panda LLC — Loan Modification · related $3.1M · Tnbank

    Description

    This exceptional retail space, located at 11321 Kingston Pike in Farragut, Tennessee, offers 1,500 square feet of versatile commercial space within a newly constructed (2020) 10,734 square foot power center. Situated at the intersection of Kingston Pike and Campbell Station, this property boasts unparalleled visibility and accessibility, benefiting from exceptionally high daily traffic counts exceeding 18,000 vehicles at Campbell Station and 35,000 on Kingston Pike/Admiral Road. The location is surrounded by a thriving community, with over 35,000 residents within a three-mile radius boasting an average household income of $119,000. The property's proximity to high-performing grade schools, serving 6,073 students within a 1.5-mile radius, further enhances its appeal. The development features a unique design incorporating an open courtyard with amenities such as fire pits and ample group seating, along with an ample parking area. This property is anchored by a taproom/brewery and a covered open-air food truck park, creating a vibrant and attractive destination. The 1.19-acre lot provides ample space, and the single-story building offers easy access and functionality. This is a rare opportunity to establish a business in one of Farragut's most desirable and high-traffic locations. The space is a "vanilla box," ready for tenant build-out. Knox County PID 142130 Alt 43656.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,264,000
      Market price range: $592k - $3.26M
      AI Estimate
      $3,264,000
      Market price range: $592k - $3.26M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,080,000
      APARTMENT HOUSE (5+ UNITS)
      $3,050,000
      MEDICAL BUILDING
      $1,985,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.1601
    Latitude
    35.8818
    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
    $20,264
    $0.00
    $0.00
    $1,303,960
    -
    $974,200
    $2,285,700
    $3,259,900

    Comparable in this City

    • Value Estimation
      $3,080,000
      10,744 SF

      150 Lovell Rd

      SHOPPING CENTER, STRIP CENTER
      150 Lovell Rd, Knoxville, TN 37934-1900
      View Details
    • Value Estimation
      $1,745,000
      8,625 SF

      11110 Kingston Pike Ste, Unit 165

      SHOPPING CENTER, STRIP CENTER
      11110 Kingston Pike Ste, Knoxville, TN 37934-2835
      View Details
    • Value Estimation
      $3,320,000
      23,873 SF

      129 End Ave

      SHOPPING CENTER, STRIP CENTER
      129 End Ave, Knoxville, TN 37934-2823
      View Details
    • Value Estimation
      $4,120,000
      12,340 SF

      700 Campbell Sta Rd

      SHOPPING CENTER, STRIP CENTER
      700 Campbell Sta Rd, Knoxville, TN 37934-1602
      View Details
    • Value Estimation
      $3,415,000
      10,237 SF

      101 Campbell Sta Rd

      SHOPPING CENTER, STRIP CENTER
      101 Campbell Sta Rd, Farragut, TN 37934-2845
      View Details
    • Value Estimation by Request
      10,740 SF

      11000 Kingston Pike

      SHOPPING CENTER, STRIP CENTER
      11000 Kingston Pike, Knoxville, TN 37934-2870
      View Details

    Similar Nearby for Sale

    • 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
    • $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

      8.42 Acres Commercial Land

      Cleared, level land with frontage and easy access.
      Concord Rd, Knoxville, 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 Commercial Land Opportunity

      Commercial land for sale in the heart of Farragut.
      11407 Municipal Center Dr, Farragut, 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
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    Knoxville, TN 37934-2885
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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.

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