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Property profile & analytics
OFF-MARKET Estimated value $3,265,000
Strip malls

11321 Kingston Pike Knoxville, TN 37934-2885

9,783 SF 1.17 ac lot Built 2020
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US80-1368821
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Construction LIGHT FRAME
Total area 9,783 SF
Lot 1.17 ac (50,878 SF)
APN 142 130
UPID US80-1368821
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 35 North Bar & Grill Restaurant
  • Admirals Corner Corporate Office
  • Nappy Wingz Restaurant
  • TEAM Restaurant Management Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.26M
Blend (final) Blend
$3.27M
Owner & transaction history
Little Savage Panda LLC · 7 yrs held
Little Savage Panda LLC
since 2018
3 recorded transactions
2018
$700,000
1998
$672,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.1M +116.5%
Apartment house (5+ units) $3.1M +62.0%
Medical building $2.0M +5.3%
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