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Property profile & analytics
OFF-MARKET
Commercial real estate

1615 Choto Rd Knoxville, TN 37922

1 ac lot
Individually Owned 3-yr Hold
Property ID
US80-2819736
Property summary
AI-generated overview

This exceptional 1-acre commercial land parcel presents a rare investment opportunity in Knoxville, Tennessee. Located at 1615 Choto Rd, this property boasts a highly desirable corner location directly adjacent to the Choto Rd./Northshore Dr. roundabout, ensuring maximum visibility and accessibility. The site benefits from significant daily traffic volume, exceeding 18,000 vehicles, providing unparalleled exposure for any commercial venture. With approximately 240 feet of frontage on Choto Rd. and over 90 feet on Northshore Dr., this lot offers ample space for development. The surrounding area is experiencing rapid growth, characterized by upscale residential communities and thriving retail establishments, including the popular Markets at Choto. This strategic location, combined with its high traffic count and proximity to established amenities, makes this property ideally suited for a variety of commercial uses. The asking price is $875,000. The property is zoned for commercial use within Knox County, zip code 37922. This is a unique chance to acquire a prime piece of real estate in a rapidly developing area of Knoxville. Don't miss this opportunity to capitalize on the significant growth potential of this exceptional location.

Property profile
Verified
Property type Commercial real estate
Lot 1 ac (43,560 SF)
UPID US80-2819736
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Phil E Tisue · 3 yrs held
Phil E Tisue
since 2023
6 recorded transactions
2023
Price N/A
2022
$670,000
2021
$500,000
2021
$265,000
2017
Price N/A
2016
$180,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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