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

    1975 Town Ctr Blvd Knoxville, TN 37922-6638

    • Medical offices
    • 37,456 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    $10,420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2987065
    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

    • Grace Lawley / Medical Clinic / General Practitioner
    • Mr. John Acker / Cardiologist
    • Valeria Garbiras / Pediatric Gastroenterologist
    • Meredith Harvie / Pediatric Gastroenterologist / Pediatrician
    • Rachel Jones-Tackett / Pediatrician / Nurse Practitioner

    Property Details for 1975 Town Ctr Blvd

    Year built
    2020
    Construction
    LIGHT FRAME
    Lot size
    3.00 lot acres
    Property size
    37,456 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    154 09818
    APU
    15409818

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,418,000
      Market price range: $3.72M - $10.4M
      AI Estimate
      $10,418,000
      Market price range: $3.72M - $10.4M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $7,590,000
      Current use
      RESTAURANT
      $15,615,000
      Change: +106% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $11,685,000
      Change: +54% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $7,215,000
      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
    -84.0789
    Latitude
    35.8607
    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
    $167,734
    $0.00
    $0.00
    $4,521,640
    -
    $1,338,800
    $9,965,300
    $11,304,100

    Comparable in this City

    • Value Estimation
      $1,320,000
      8,016 SF

      323 Fox Rd

      MEDICAL BUILDING • 8,016 SF
      323 Fox Rd, Knoxville, TN 37922-3579
      View Details
    • Value Estimation
      $1,305,000
      4,694 SF

      1924 Pinnacle Pointe Way, Unit 1

      MEDICAL BUILDING • 4,694 SF
      1924 Pinnacle Pointe Way, Knoxville, TN 37922-3584
      View Details
    • 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
      $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

    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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      81,960 SF

      Class A Office Building

      High-end office space with interstate visibility and ample parking.
      10142 Parkside Dr, Knoxville, TN 37922
      View Details
    • $749,900
      1.32 Acres

      Lakefront Homesite in Knoxville, TN

      1.32-acre lot with lake access and boat slip.
      3200 Keller Bend Rd, Knoxville, TN 37922
      View Details
    • $695,000
      5.25 Acres

      Knoxville Land for Development

      5.25-acre tract in West Knoxville, ideal for custom home.
      Early Rd, Knoxville, TN 37922
      View Details
    • $165,000
      0.23 Acres

      Residential Lot in Weatherstone Subdivision

      Residential lot for sale in Knoxville's Weatherstone Subdivision.
      480 Laurel Ridge Ln, Knoxville, TN 37922
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      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
    • $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
    • $4,950,000
      17,421 SF

      Class A Office Space

      Class A office space with great visibility and ample parking.
      110-120 Capital Dr, Knoxville, TN 37922
      View Details
    • $26 SF/Yr
      9,958 SF

      Lakeside Centre Way Office Space

      First-floor office space with private offices, conference rooms, and breakroom.
      2095 Lakeside Centre Way, Knoxville, TN 37922
      View Details
    • $22 SF/Yr
      80,106 SF

      Prime Knoxville Executive Office Space

      Class A Office Suites, Multiple Sizes Available
      2030 Falling Waters Rd, Knoxville, TN 37922
      View Details
    • $25 SF/Yr
      98,639 SF

      Lakeside Centre Office Space

      West Knoxville Executive Office Suites
      2160 Lakeside Centre Way, Knoxville, TN 37922
      View Details
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    1975 Town Ctr Blvd
    Knoxville, TN 37922-6638
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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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