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

    1540 Amherst Rd Knoxville, TN 37909

    • Flex space
    • 91,484 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3470434
    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

    • M&A Supply Company Inc. Knoxville / Heating Equipment Supplier / Air Conditioning System Supplier
    • CHEP Services, LLC / Pallet Supplier

    Property Details for 1540 Amherst Rd

    Property size
    91,484 SF
    Property type
    Flex space
    Property subtype
    Manufacturing properties

    Description

    1540 Amherst Road offers a prime opportunity for businesses seeking flexible industrial space in Knoxville, Tennessee. This multi-tenant industrial warehouse boasts a total of 91,484 square feet, with 55,491 square feet currently available for lease. The available space includes a substantial 2,453 square feet of well-appointed office space, perfect for administrative functions. In addition to the indoor space, the property offers 0.75 acres of outdoor storage, providing ample room for materials or equipment. The building's strategic location offers easy access to major transportation routes, situated just 6 miles from Downtown Knoxville and 17 miles from McGhee Tyson Airport, ensuring seamless logistics. The warehouse features excellent loading capabilities with 8 dock-high doors and 1 drive-in door, complemented by a 20-22 foot clear height. Power is readily available with a substantial 3,000 amps capacity. The included office space is well-designed, featuring four private offices, a conference room, cafeteria, breakroom, and additional storage. The Knoxville area's robust industrial growth makes this property an exceptional investment for businesses seeking expansion or relocation. Space options range from 20,000 to 55,491 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.01685267
    Latitude
    35.95746995

    Comparable in this City

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      Turn-Key Medical Office Space

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    • $19 SF/Yr
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      7,520 square feet of office space for lease.
      6305 Lonas Dr, Knoxville, TN 37909
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $5,400 /Mo
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      Flex Space with Secure Yard

      Flex space with warehouse, office/retail, and secure yard.
      1505 Hollywood Rd, Knoxville, TN 37909
      View Details
    • $11 SF/Yr
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      Versatile Industrial Facility with Cleanroom

      24,250 SF industrial facility with warehouse, office, and cleanroom.
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      View Details
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      Turn-Key Medical Office Space

      4,744 SF medical office in West Knoxville, TN.
      6348 Lonas Spring Dr, Knoxville, TN 37909
      View Details
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      83,183 SF

      The Atrium Office Suites

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      1225 Weisgarber Rd, Knoxville, TN 37909
      View Details
    • $19 SF/Yr
      18,754 SF

      Colony Park West Office Space

      Bearden Executive Suites, Ready Now
      4709 Papermill Dr, Knoxville, TN 37909
      View Details
    • $19 SF/Yr
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      Office Space Available For Rent

      7,520 square feet of office space for lease.
      6305 Lonas Dr, Knoxville, TN 37909
      View Details
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    Knoxville, TN 37909
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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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