Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2010 Town Ctr Blvd Knoxville, TN 37922-6677

    • Grocery and convenience stores
    • 57,900 SF
    • 8.95 lot acres
    OFF-MARKET
    Value Estimations
    $11,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2071910
    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

    • Publix Super Market at Northshore Town Center / Specialty Food Shop / Supermarket
    • City National Bank - Presto ATM / Bank / Loan Service
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Publix / Pharmacy
    • Publix Pharmacy at Northshore Town Center / Pharmacy

    Property Details for 2010 Town Ctr Blvd

    Year built
    2012
    Construction
    LIGHT FRAME
    Lot size
    8.95 lot acres
    Property size
    57,900 SF
    Property type
    Grocery and convenience stores
    APN
    154 09807
    APU
    15409807

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,878,000
      Market price range: $3.43M - $11.9M
      AI Estimate
      $11,878,000
      Market price range: $3.43M - $11.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,735,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $18,065,000
      Change: +134% Conversion: Difficult
      MEDICAL BUILDING
      $11,735,000
      Change: +52% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $11,150,000
      Change: +44% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $9,255,000
      Change: +20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0761
    Latitude
    35.8601
    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
    $236,699
    $0.00
    $0.00
    $6,380,725
    -
    $2,486,500
    $13,475,700
    $15,962,200

    Comparable in this City

    • Value Estimation
      $1,530,000
      2,668 SF

      10518 Kingston Pike

      CONVENIENCE STORE • 2,668 SF
      10518 Kingston Pike, Knoxville, TN 37922-3164
      View Details
    • Value Estimation
      $1,900,000
      3,554 SF

      9301 Northshore Dr

      CONVENIENCE STORE • 3,554 SF
      9301 Northshore Dr, Knoxville, TN 37922-6548
      View Details
    • Value Estimation
      $4,880,000
      62,933 SF

      9501 Northshore Dr

      GROCERY, SUPERMARKET • 62,933 SF
      9501 Northshore Dr, Knoxville, TN 37922-5814
      View Details
    • Value Estimation
      $3,245,000
      15,823 SF

      9312 Kingston Pike

      GROCERY, SUPERMARKET • 15,823 SF
      9312 Kingston Pike, Knoxville, TN 37922-2319
      View Details
    • Value Estimation
      $1,280,000
      3,120 SF

      9541 Kingston Pike

      CONVENIENCE STORE • 3,120 SF
      9541 Kingston Pike, Knoxville, TN 37922-2329
      View Details
    • Value Estimation
      $2,205,000
      3,995 SF

      12400 Northshore Dr

      CONVENIENCE STORE • 3,995 SF
      12400 Northshore Dr, Knoxville, TN 37922-5441
      View Details

    Similar Nearby for Sale

    • $835,000
      1,351 SF

      Retail Condo Leased to Coffee

      Retail condo in Knoxville, TN, leased to Primo Passo Coffee.
      2099 Thunderhead Rd, Knoxville, TN 37922
      View Details
    • $199,000
      3,000 SF

      Turnkey Restaurant Opportunity

      Restaurant space with equipment, modern decor, and seating available.
      1403 Bexhill Dr, 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
    • $5,650,000
      6.93 Acres

      Hunter Valley Farm: Prime Retail

      Profitable Sports & Entertainment Venue
      9133 Hunter Valley Ln, 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

    Similar Nearby for Lease

    • $28 SF/Yr
      3,100 SF

      Retail Space in Turkey Creek

      Retail buildings with high traffic and thriving neighbors.
      10913 Parkside Dr, Knoxville, TN 37922
      View Details
    • $18 SF/Yr
      1,530 SF

      Retail Space on Kingston Pike

      Retail space available for lease on Kingston Pike.
      9305 Kingston Pike, Knoxville, TN 37922
      View Details
    • $28 SF/Yr
      7,300 SF

      Retail Space Near Kroger Marketplace

      Retail spaces available next to Kroger Marketplace on N Cedar Bluff.
      155 S Cedar Bluff Rd, Knoxville, TN 37922
      View Details
    • $18 SF/Yr
      146,244 SF

      Market Place Retail Space Available

      Knoxville Shopping Center: 1,530 SF Retail Space
      9307 Kingston Pike, 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
    • $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

    Property Visit Statistics

    • Visits by month
      52.7k
    • Visitors by month
      29.4k
    • Avg Time on site
      26 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2010 Town Ctr Blvd
    Knoxville, TN 37922-6677
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.