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    Property profile & analytics

    161 Capital Dr Ste, Unit 202 Knoxville, TN 37922-3581

    • Medical offices
    • 2,793 SF
    OFF-MARKET
    Last Sale
    Sep 17, 2021
    $575,000
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    6%
    Medical offices
    Location Intelligence
    Property ID
    US80-2075420
    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

    • Medical offices

    Property Details for 161 Capital Dr Ste

    Year built
    2011
    Property size
    2,793 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    131LB00201D
    APU
    131LB00201D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $590,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $590,000
      6.5%
      $545,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $771,000
      Market price range: $277k - $777k
      AI Estimate
      $771,000
      Market price range: $277k - $777k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $565,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $540,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.1132
    Latitude
    35.902
    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
    2023
    $6,125
    $0.00
    $0.00
    $284,160
    -
    $231,000
    $479,400
    $710,400

    Comparable in this City

    • Value Estimation
      $7,640,000
      27,470 SF

      123 Fox Rd

      MEDICAL BUILDING • 27,470 SF
      123 Fox Rd, Knoxville, TN 37922-3369
      View Details
    • Value Estimation
      $925,000
      5,571 SF

      217 Fox Rd

      MEDICAL BUILDING • 5,571 SF
      217 Fox Rd, Knoxville, TN 37922-3381
      View Details
    • Value Estimation
      $10,420,000
      37,456 SF

      1975 Town Ctr Blvd

      MEDICAL BUILDING • 37,456 SF
      1975 Town Ctr Blvd, Knoxville, TN 37922-6638
      View Details
    • Value Estimation
      $860,000
      3,752 SF

      10263 Kingston Pike

      MEDICAL BUILDING • 3,752 SF
      10263 Kingston Pike, Knoxville, TN 37922-3276
      View Details
    • Value Estimation
      $1,645,000
      7,920 SF

      9546 Northshore Dr

      MEDICAL BUILDING • 7,920 SF
      9546 Northshore Dr, Knoxville, TN 37922-5813
      View Details
    • Value Estimation
      $3,655,000
      22,843 SF

      9625 Kroger Park Dr

      MEDICAL BUILDING • 22,843 SF
      9625 Kroger Park Dr, Knoxville, TN 37922-5880
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,200 SF

      New Medical Office Space Available

      3,200 SF to-be-constructed medical office space for sale.
      Bexhill Dr, Knoxville, TN 37922
      View Details
    • Contact for pricing
      8,000 SF

      Kingston Pike Office Space Available

      Small office space with convenient access to major thoroughfares.
      9725 Kingston Pike, Knoxville, TN 37922
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    • Contact for pricing
      81,960 SF

      Class A Office Building

      High-end office space with interstate visibility and ample parking.
      10142 Parkside Dr, Knoxville, TN 37922
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    • $309,900
      0.29 Acres

      Land with Mountain and Lake Views

      Corner lot ready for custom home with mountain and lake views.
      9326 Chimney Top Ln, Knoxville, TN 37922
      View Details
    • Contact for pricing
      146,244 SF

      Kingston Pike Retail Space Available

      Retail space in a high-traffic shopping center anchored by Home Depot.
      9307 Kingston Pike, Knoxville, TN 37922
      View Details
    • $179,000
      0.28 Acres

      Residential Land in Gated Community

      Flat, build-ready lot with lake access in Knoxville, Tennessee.
      12433 Palm Beach Way, Knoxville, TN 37922
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,015 SF

      West Knoxville Professional Office Suites

      Professional office suites for lease in prime West Knoxville location.
      9950 Kingston Pike, Knoxville, TN 37922
      View Details
    • $20 SF/Yr
      4,700 SF

      Sublease Office Space Available

      Office space for sublease with excellent accessibility and signage.
      110 Perimeter Park Rd, Knoxville, TN 37922
      View Details
    • $19 SF/Yr
      150,000 SF

      Franklin Square Office Suites

      West Knoxville Office Space Available
      9724 Kingston Pike, Knoxville, TN 37922
      View Details
    • $16 SF/Yr
      1,200 SF

      Knoxville Office Space For Rent

      Office space available on Kingston Pike, Knoxville.
      9723-9727 Kingston Pike, Knoxville, TN 37922
      View Details
    • Contact for pricing
      28,000 SF

      Class A Office Space

      High-end office space with conference rooms and excellent access.
      9600 Parkside Dr, Knoxville, TN 37922
      View Details
    • $26 SF/Yr
      96,205 SF

      Lakeside Executive Office Suites

      Prestigious Knoxville Office Space, Lake Views
      2095 Lakeside Centre Way, Knoxville, TN 37922
      View Details
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    161 Capital Dr Ste, Unit 202
    Knoxville, TN 37922-3581
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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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