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    1215 Middlesettlements Rd Maryville, TN 37801-1751
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    Property profile & analytics

    1215 Middlesettlements Rd, Maryville, TN 37801-1751

    View on Map
    • Warehouses
    • 8,760 SF
    • 2.05 lot acres
    Off-Market
    Property ID
    US80-1584727
    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
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Granite Depot of Knoxville / Kitchen & Bath Showroom / Hardware & Home Improvement
    • Granite Depot Knoxville / General Contractor / Construction Company

    Property Details for 1215 Middlesettlements Rd

    Year built
    1996
    Construction
    FRAME
    Lot size
    2.05 lot acres
    Zone code
    IND
    Property type
    Warehouses
    APN
    005046 05703
    APU
    504605703

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 2, 2018 $550,000 Ahk Management LLC Smith,robert Warranty Deed $440k · Us Bk
    May 7, 2008 — Smith,robert Smith,robert & Jacqueline R Quit Claim Deed · related —
    Nov 14, 1994 $54,500 Robert Smith — Deed Of Trust · related —
    Oct 1, 1991 $54,500 Tinsley Tool Supply INC Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $765,000
      6.5%
      $705,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $672,000
      Market price range: $330k - $813k
      AI Estimate
      $529,000
      Market price range: $230k - $669k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $565,000
      Current use
      AUTO REPAIR, GARAGE
      $1,025,000
      Change: +81% Conversion: Easy
      RETAIL STORES
      $790,000
      Change: +40% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -83.9973
    Latitude
    35.7679
    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
    2022
    $5,502
    $104,640
    $167,320
    $271,960
    -
    $261,600
    $418,300
    $679,900

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      3703 Us Hwy 411th S

      WAREHOUSE, STORAGE
      3703 Us Hwy 411th S, Maryville, TN 37801-7649
      View Details
    • Value Estimation by Request
      5,000 SF

      116 Nicole Ct

      WAREHOUSE, STORAGE
      116 Nicole Ct, Maryville, TN 37801-0587
      View Details
    • Value Estimation by Request
      5,202 SF

      122 Plymouth Dr

      WAREHOUSE, STORAGE
      122 Plymouth Dr, Maryville, TN 37801-1161
      View Details
    • Value Estimation
      $2,635,000
      54,000 SF

      1636 Robert C Jackson Dr

      WAREHOUSE, STORAGE
      1636 Robert C Jackson Dr, Maryville, TN 37801-3775
      View Details
    • Value Estimation
      $2,610,000
      31,396 SF

      1626 Robert C Jackson Dr, Unit 1722

      WAREHOUSE, STORAGE
      1626 Robert C Jackson Dr, Maryville, TN 37801-3775
      View Details
    • Value Estimation by Request
      7,276 SF

      4632 Us Hwy 411th S

      WAREHOUSE, STORAGE
      4632 Us Hwy 411th S, Maryville, TN 37801-9153
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway 411-s Mixed Use Tracts

      Mixed-use tracts on Highway 411-s near Sandy Springs, Maryville.
      1767 W Broadway Ave, Maryville, TN 37801
      View Details
    • $229,900
      Pending

      Land in Serene County Setting

      Five acres of unrestricted land, ideal for building or investment.
      1220 Floyd Walker Rd, Maryville, TN 37801
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    • $700,000
      Pending

      Maryville Multifamily Investment Opportunity

      2-acre property with 9 occupied mobile homes and one vacant lot.
      943 Turner St, Maryville, TN 37801
      View Details
    • $85,000
      1.01 Acres

      Maryville Land with Highway Frontage

      Versatile property with residential and commercial potential on major highway.
      3024 Us Highway 411, Maryville, TN 37801
      View Details
    • $449,900
      10.14 Acres

      Unrestricted Acreage in East Tennessee

      Private, secluded 10-acre property with utilities and approved septic.
      7647 Tomotley Rd, Maryville, TN 37801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      47,500 SF

      Manufacturing Warehouse in Maryville, TN

      Light manufacturing warehouse for lease with flexible leasing options.
      5820 Highway 411 S, Greenback, TN 37801
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      72,000 SF

      Manufacturing Site in Big Springs

      Flexible manufacturing or development site available for rent.
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      View Details
    • Contact for pricing

      Industrial Land Build-to-Suit Opportunity

      4.89 acre flexible manufacturing or development site for lease.
      Excellence Way, Maryville, TN 37801
      View Details
    • $20 SF/Yr

      Premier Shopping Destination in Maryville

      Retail spaces available in Foothills Mall, Maryville, Tennessee.
      197 Foothills Mall Dr, Maryville, TN 37801
      View Details
    • Contact for pricing

      Premium Commercial Lots on Hwy 411

      Highly visible commercial lots available for lease on Hwy 411.
      2928 Us Highway 411, Maryville, TN 37801
      View Details
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    Maryville, TN 37801-1751
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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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    1215 Middlesettlements Rd, Maryville, TN, 37801
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