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

    121 Pawnook Farm Rd Lenoir City, TN 37771

    • Office Properties & Spaces
    • 5,502 SF
    • 25.26 lot acres
    OFF-MARKET
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1613290
    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

    • Office Properties & Spaces

    Property Details for 121 Pawnook Farm Rd

    Year built
    2008
    Construction
    FRAME
    Lot size
    25.26 lot acres
    Property size
    5,502 SF
    Property type
    Office Properties & Spaces
    APN
    073050 02418
    APU
    7305002418

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,000,000
      6.5%
      $925,000
      7%
      $860,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $904,000
      Market price range: $172k - $905k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Roane
    State
    Tennessee
    Longitude
    -84.3486
    Latitude
    35.8867
    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
    0
    $0.00
    $151,560
    $445,520
    $597,080
    -
    $378,900
    $1,113,800
    $1,492,700

    Comparable in this City

    • Value Estimation by Request
      1,350 SF

      603 Hwy 321st N

      OFFICE (GENERAL) • 1,350 SF
      603 Hwy 321st N, Lenoir City, TN 37771-6575
      View Details
    • Value Estimation by Request
      58,124 SF

      501 Adesa Blvd

      Medical offices • 58,124 SF
      501 Adesa Blvd, Lenoir City, TN 37771
      View Details
    • Value Estimation by Request

      835 Us-321

      Restaurants
      835 Us-321, Lenoir City, TN 37771
      View Details
    • Value Estimation by Request
      1,350 SF

      603 Hwy 321st N

      OFFICE (GENERAL) • 1,350 SF
      603 Hwy 321st N, Lenoir City, TN 37771-6575
      View Details
    • Value Estimation by Request
      1,755 SF

      200 A St

      OFFICE (GENERAL) • 1,755 SF
      200 A St, Lenoir City, TN 37771-2401
      View Details
    • Value Estimation by Request
      1,984 SF

      811 Bon St

      OFFICE (GENERAL) • 1,984 SF
      811 Bon St, Lenoir City, TN 37771-3006
      View Details

    Similar Nearby for Sale

    • $600,000
      1,670 SF

      Lenoir City Office Investment Opportunity

      Recently renovated office space occupied by long-term tenants.
      1015 E 1St Ave, Lenoir City, TN 37771
      View Details
    • $2,750,000
      18,750 SF

      Lenoir City Office Building For Sale

      18,750 SF office building with flexible design potential.
      2265 Old Highway 95, Lenoir City, TN 37771
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    • $249,999
      4.77 Acres

      Lenoir City Land For Sale

      4.77 acre lot in Lenoir City, Tennessee.
      150 Copenhaver Rd, Lenoir City, TN 37771
      View Details
    • $285,000
      3.00 Acres

      Unrestricted Land in Lenoir City

      Three unrestricted acres perfect for building a dream home.
      Grubb Rd, Lenoir City, TN 37771
      View Details
    • $1,625,000
      Pending

      Commercial Land Near Interstate 40

      5 acres of commercial land near Interstate 40 and Highway 321.
      Highway 321, Lenoir City, TN 37771
      View Details
    • $325,000
      5.00 Acres

      5-Acre Lot in Gated Community

      Private 5-acre lot in a convenient, gated community.
      675 Travellers Way, Lenoir City, TN 37771
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      58,124 SF

      Spring Cress Office Park: Lenoir City, TN

      Class A Medical Office Space Available
      501 Adesa Blvd, Lenoir City, TN 37771
      View Details
    • $15 SF/Yr
      12,000 SF

      Versatile Property with Interstate Visibility

      Two buildings totaling 12,000 SF with outdoor storage.
      14395 Hickory Creek Rd, Lenoir City, TN 37771
      View Details
    • $30 SF/Yr
      8,300 SF

      New Retail Center on Highway

      New retail center with high visibility and drive-thru potential.
      780 S 321, Lenoir City, TN 37771
      View Details
    • $18 SF/Yr
      38,000 SF

      Flex Office/Warehouse Space Available

      Flex office/warehouse space with lock off warehouse and quick access.
      501 Adesa Blvd, Lenoir City, TN 37771
      View Details
    • $9 SF/Yr
      40,000 SF

      New Construction Warehouse with Visibility

      New construction warehouse with I-40 visibility, 25 minutes from Knoxville.
      Buttermilk Rd, Lenoir City, TN 37771
      View Details
    • $9 SF/Yr
      431,378 SF

      Knoxville Logistics Center: 431,378 SF

      Class A industrial space, ideal for distribution.
      128 Pawnook Farm Rd, Lenoir City, TN 37771
      View Details
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    121 Pawnook Farm Rd
    Lenoir City, TN 37771
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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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