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Property profile & analytics
OFF-MARKET Estimated value $2,320,000
Strip malls

12346 Northshore Dr Knoxville, TN 37922-5439

12,044 SF 1.15 ac lot Built 2020
Entity Owned 4-yr Hold Free & Clear
Property ID
US80-2782214
Property summary
AI-generated overview

This executive office space, part of The Markets at Choto in Knoxville, Tennessee, offers 1,470 square feet of vacant space within a 5,500-square-foot building. Located at 12346 S Northshore Dr, Knoxville, TN 37922, this property sits on a 15-acre lot and boasts a prime location within a rapidly growing residential area of Knox County. Built in 2016, the building features a single suite currently available, ideal for a business seeking high visibility and ample space. The development is characterized by its attention to detail, abundant parking, and a park-like atmosphere created by sidewalks and open space. The property benefits from high visibility and Northshore frontage, making it easily accessible to customers and clients. The surrounding area includes over 400 new homes either built or currently under construction, ensuring a strong and growing customer base. This presents a unique opportunity to establish a presence in a thriving community and benefit from the significant residential growth in the area. The property is classified as both retail and office space, offering flexibility for various business types.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Total area 12,044 SF
Lot 1.15 ac (50,094 SF)
APN 162MB00105
UPID US80-2782214
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.32M
Blend (final) Blend
$2.32M
Owner & transaction history
Signature Self Storage At Choto LLC · 4 yrs held
Signature Self Storage At Choto LLC
since 2022
5 recorded transactions
2022
$667,485
2019
Price N/A
2018
Price N/A
2013
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $3.8M +62.0%
Medical building $2.4M +5.3%
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