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    1237 Knoxville Hwy Wartburg, TN 37887
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    1237 Knoxville Hwy, Wartburg, TN 37887

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    • Manufacturing properties
    • 26,872 SF
    • 4.53 lot acres
    For Sale
    $975,000
    View Listing →
    Wartburg Climate-Controlled Industrial Property For Sale
    $975,000
    24,960 SF

    Wartburg Climate-Controlled Industrial Property

    24,960 SF industrial property on 4.53 acres in Wartburg, TN.

    1237 Knoxville Hwy, Wartburg, TN 37887
    View Listing
    Property ID
    US80-0788286
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tennessee Coatings / Painting Service / General Contractor

    Property Details for 1237 Knoxville Hwy

    Year built
    1984
    Lot size
    4.53 lot acres
    Zone code
    B-2
    Property type
    Manufacturing properties
    APN
    065096 01502
    APU
    6509601502

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 16, 2009 — Roane State Community College Tennessee Coatings INC Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,640,000
      RETAIL STORES
      $2,430,000
      WAREHOUSE, STORAGE
      $2,365,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wartburg
    County
    Morgan
    State
    Tennessee
    Longitude
    -84.5782
    Latitude
    36.1053
    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
    $11,389
    $107,800
    $311,080
    $418,880
    -
    $269,500
    $777,700
    $1,047,200

    Comparable in this City

    • Value Estimation
      $4,985,000
      88,744 SF

      1975 Knoxville Hwy

      MANUFACTURING (LIGHT)
      1975 Knoxville Hwy, Wartburg, TN 37887-3726
      View Details
    • Value Estimation by Request
      1,660 SF

      3629 Knoxville Hwy

      MANUFACTURING (LIGHT)
      3629 Knoxville Hwy, Wartburg, TN 37887
      View Details
    • Value Estimation
      $585,000
      8,296 SF

      27 Us Rte Rte

      MANUFACTURING (LIGHT)
      27 Us Rte Rte, Wartburg, TN 37887
      View Details
    • Value Estimation by Request
      2,400 SF

      3722 Knoxville Hwy

      MANUFACTURING (LIGHT)
      3722 Knoxville Hwy, Wartburg, TN 37887-3022
      View Details
    • Value Estimation
      $545,000
      7,200 SF

      119 Grn Park Dr

      MANUFACTURING (LIGHT)
      119 Grn Park Dr, Wartburg, TN 37887-2502
      View Details
    • Value Estimation by Request
      38,609 SF

      27 St Rte

      MANUFACTURING (LIGHT)
      27 St Rte, Wartburg, TN 37887
      View Details

    Similar Nearby for Sale

    • $975,000

      Wartburg Climate-Controlled Industrial Property

      24,960 SF industrial property on 4.53 acres in Wartburg, TN.
      1237 Knoxville Hwy, Wartburg, TN 37887
      View Details
    • $975,000

      Wartburg Climate-Controlled Industrial Property

      24,960 SF climate-controlled industrial space on 4.53 acres.
      1237 Knoxville Hwy, Wartburg, TN 37887
      View Details
    • $442,000
      41.62 Acres

      Forested Land with Timber Cabin

      41.6 acre lot with off-grid cabin and outbuildings.
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    • $195,000
      30.28 Acres

      30 Acres of Farmland in Wartburg

      30+ acre tract ideal for farming, recreation, or building.
      Petit Ln, Wartburg, TN 37887
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    • $99,500
      14.52 Acres

      Wooded Lot with Creek

      14.52 acres of wooded land with creek in Wartburg.
      470 Bear Branch Rd, Wartburg, TN 37887
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    • $289,900
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      Wartburg Commercial Corner Lot

      Commercial lot in Wartburg, Tennessee, ready for development.
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    View Listing
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    Wartburg, TN 37887
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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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