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

    1904 Rosewood Rd Knoxville, TN 37924-1601

    • Auto shops
    • 3,600 SF
    • 2.21 lot acres
    OFF-MARKET
    Last Sale
    Aug 29, 2022
    $525,000
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0996504
    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

    • Hot Iron Garage LLC / Auto Repair Shop

    Property Details for 1904 Rosewood Rd

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.21 lot acres
    Property size
    3,600 SF
    Property type
    Auto shops
    APN
    050MA00103
    APU
    050MA00103

    Description

    This exceptional flex space, ideally situated on Rutledge Pike, offers 3,600 square feet of versatile industrial space perfect for a variety of businesses. The property boasts two drive-in bays, making loading and unloading efficient. Inside, you'll find two offices, a bathroom, and a high loft providing ample storage. The 2.21-acre lot, measuring approximately 320.45 x 175.47 feet (irregular), is fully fenced, offering security and ample outdoor space. Renovated in 2022, this property provides modern functionality. The building features 20 total parking spaces, ensuring convenient parking for employees and clients. The property is zoned commercial and benefits from excellent road frontage on Rutledge Pike. This is a single-tenant NNN lease opportunity, with a monthly rent of $6,500 and a $6,500 security deposit. First, last, and security are required to move in, totaling $19,500. This prime location offers exceptional visibility and accessibility. Don't miss this chance to establish or expand your business in this desirable Knox County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $510,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $575,000
      Current use
      MEDICAL BUILDING
      $730,000
      Change: +27% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $695,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $480,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.8268
    Latitude
    36.0412
    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
    $0.00
    $0.00
    $0.00
    $95,640
    -
    $147,600
    $91,500
    $239,100

    Comparable in this City

    • Value Estimation by Request
      3,210 SF

      224 Andrew Johnson Hwy

      AUTO REPAIR, GARAGE • 3,210 SF
      224 Andrew Johnson Hwy, Knoxville, TN 37924-4913
      View Details
    • Value Estimation by Request
      4,500 SF

      7824 Old Rutledge Pike

      AUTO REPAIR, GARAGE • 4,500 SF
      7824 Old Rutledge Pike, Knoxville, TN 37924
      View Details
    • Value Estimation by Request
      3,680 SF

      6431 Rutledge Pike

      AUTO REPAIR, GARAGE • 3,680 SF
      6431 Rutledge Pike, Knoxville, TN 37924-1650
      View Details
    • Value Estimation by Request
      1,280 SF

      8429 Asheville Hwy

      AUTO REPAIR, GARAGE • 1,280 SF
      8429 Asheville Hwy, Knoxville, TN 37924-4104
      View Details
    • Value Estimation
      $585,000
      5,772 SF

      8815 Asheville Hwy

      AUTO REPAIR, GARAGE • 5,772 SF
      8815 Asheville Hwy, Knoxville, TN 37924-4504
      View Details
    • Value Estimation
      $1,950,000
      12,250 SF

      7509 Strawberry Plns Pike

      AUTO REPAIR, GARAGE • 12,250 SF
      7509 Strawberry Plns Pike, Knoxville, TN 37924-4312
      View Details

    Similar Nearby for Sale

    • $479,000
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      Commercial Property with Residential Home

      Commercial garage with residential home in high-demand Knoxville area.
      6447 Rutledge Pike, Knoxville, TN 37924
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    • $700,000
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    • $1,750,000
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      Knoxville Restaurant w/ Drive-Thru

      Prime QSR location, high traffic area, updated facilities.
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    Similar Nearby for Lease

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      Asheville Hwy Retail Pad Opportunity

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    • $32 SF/Yr
      4,500 SF

      Retail Pad in East Knoxville

      Retail space with drive-thru potential in high-traffic area.
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    • $2,000 /Mo

      Land for Rent Knoxville

      Land available for rent at 7800 Asheville Hwy, Knoxville.
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    • $6,400 /Mo

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    • $15 SF/Yr
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      Well-Maintained Office Space Available

      Office space with high visibility and ample parking.
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      View Details
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    1904 Rosewood Rd
    Knoxville, TN 37924-1601
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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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