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

    11656 Parkside Dr Knoxville, TN 37934-2659

    • Grocery and convenience stores
    • 49,828 SF
    • 10.32 lot acres
    OFF-MARKET
    Value Estimations
    $10,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1913185
    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

    • higi / Physician
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Publix 1415 / Pharmacy
    • Publix Pharmacy at Turkey Creek / Pharmacy
    • Presto! ATM at Publix Super Market / Atm

    Property Details for 11656 Parkside Dr

    Year built
    2013
    Construction
    LIGHT FRAME
    Lot size
    10.32 lot acres
    Property size
    49,828 SF
    Property type
    Grocery and convenience stores
    APN
    130 19108
    APU
    13019108

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,222,000
      Market price range: $2.95M - $10.2M
      AI Estimate
      $10,222,000
      Market price range: $2.95M - $10.2M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,655,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $15,545,000
      Change: +134% Conversion: Difficult
      MEDICAL BUILDING
      $10,100,000
      Change: +52% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $9,595,000
      Change: +44% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $7,965,000
      Change: +20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.1705
    Latitude
    35.8934
    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
    $79,340
    $0.00
    $0.00
    $5,105,560
    -
    $3,223,700
    $9,551,300
    $12,775,000

    Comparable in this City

    • Value Estimation by Request
      1,564 SF

      1116 Concord Rd

      GROCERY, SUPERMARKET • 1,564 SF
      1116 Concord Rd, Concord, TN 37934-4913
      View Details
    • Value Estimation
      $1,200,000
      3,849 SF

      12001 Kingston Pike

      CONVENIENCE STORE • 3,849 SF
      12001 Kingston Pike, Knoxville, TN 37934-4604
      View Details
    • Value Estimation
      $4,285,000
      8,513 SF

      314 Lovell Rd

      CONVENIENCE STORE • 8,513 SF
      314 Lovell Rd, Knoxville, TN 37934-1907
      View Details
    • Value Estimation
      $1,450,000
      2,368 SF

      701 Campbell Sta Rd

      CONVENIENCE STORE • 2,368 SF
      701 Campbell Sta Rd, Knoxville, TN 37934-1603
      View Details
    • Value Estimation
      $3,885,000
      20,640 SF

      170 Brooklawn St

      GROCERY, SUPERMARKET • 20,640 SF
      170 Brooklawn St, Knoxville, TN 37934-2875
      View Details
    • Value Estimation
      $1,685,000
      2,588 SF

      13061 Kingston Pike

      CONVENIENCE STORE • 2,588 SF
      13061 Kingston Pike, Knoxville, TN 37934-0924
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Kingston Pike Commercial Property

      Commercial property available on Kingston Pike in Knoxville, Tennessee.
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    • $1,500,000

      Established Diner Business Opportunity

      Profitable Knoxville diner with loyal customer base for sale.
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      Hardee's Corporate Lease - Knoxville, TN

      High-yield QSR investment, 10-year lease.
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      Profitable Restaurant Investment Opportunity

      Restaurant property with national tenant in high-traffic location.
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      Farragut Investment Property For Sale

      Located in affluent Farragut, TN with national credit tenant.
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    • $6,000,000
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      Farragut Commercial Land Opportunity

      4.39 acres with a 3,563 SF building on Kingston Pike.
      12805 Kingston Pike, Farragut, TN 37934
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    Similar Nearby for Lease

    • $25 SF/Yr
      21,575 SF

      Kingston Pike Retail/Office Space

      Retail and office spaces with high visibility and strong traffic.
      10820 Kingston Pike, Knoxville, TN 37934
      View Details
    • $40 SF/Yr
      10,000 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

      Knoxville Retail Space and Land

      Retail space and developable land in Knoxville's primary retail area.
      410 Lovell Rd, Knoxville, TN 37934
      View Details
    • $28 SF/Yr
      40,684 SF

      Move-In Ready Gym or Retail

      Well-finished gym space, convertible to retail, in Turkey Creek.
      10907 Parkside Dr, Knoxville, TN 37934
      View Details
    • $1.00 SF/Yr
      2,234 SF

      Retail Space For Lease

      Retail space available for lease at Kingston Pike, Knoxville.
      13140 Kingston Pike, Knoxville, TN 37934
      View Details
    • $20 SF/Yr
      38,409 SF

      Farragut Retail Space Available

      Former Stein Mart space in Farragut, Tennessee.
      11519 Kingston Pike, Knoxville, TN 37934
      View Details
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    Knoxville, TN 37934-2659
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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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