Add Listing
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

    2060 Lakeside Ctr Way Knoxville, TN 37922-6591

    • Casinos
    • 15,600 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimations
    $3,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0040652
    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

    • Kathy J. Williams, LCSW / Foster Care Service / Social Service Agency
    • Jennifer A. Glenn, FNP / Physician
    • David W. Brandes / Physician / Medical Clinic
    • Hope Neurology PLLC / Medical Clinic
    • Dinu C Nodit / Physician / Medical Clinic

    Property Details for 2060 Lakeside Ctr Way

    Year built
    2002
    Construction
    LIGHT FRAME
    Lot size
    1.49 lot acres
    Property size
    15,600 SF
    Property type
    Casinos
    APN
    155 010
    APU
    155010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,338,000
      Market price range: $1.97M - $8.61M
      AI Estimate
      $3,338,000
      Market price range: $1.97M - $8.61M

    • Alternative Use

      Use
      Estimation
      CASINO
      $4,120,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $4,865,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.062
    Latitude
    35.8606
    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
    $14,439
    $0.00
    $0.00
    $929,165
    -
    $644,100
    $1,680,200
    $2,324,300

    Comparable in this City

    • Value Estimation
      $600,000
      2,550 SF

      122 Debusk Ln

      CASINO • 2,550 SF
      122 Debusk Ln, Knoxville, TN 37922-2021
      View Details
    • Value Estimation by Request
      598 SF

      153 Durwood Rd

      CASINO • 598 SF
      153 Durwood Rd, Knoxville, TN 37922-3219
      View Details
    • Value Estimation
      $6,395,000
      27,220 SF

      135 Fox Rd

      CASINO • 27,220 SF
      135 Fox Rd, Knoxville, TN 37922-3349
      View Details
    • Value Estimation
      $2,435,000
      8,830 SF

      118 Mabry Hood Rd Ste, Unit 100

      CASINO • 8,830 SF
      118 Mabry Hood Rd Ste, Knoxville, TN 37922-2219
      View Details
    • Value Estimation by Request
      1,704 SF

      310 Simmons Rd E E Ste

      CASINO • 1,704 SF
      310 Simmons Rd E E Ste, Knoxville, TN 37922-1943
      View Details
    • Value Estimation by Request
      528 SF

      9724 Kingston Pike Ste, Unit 503

      CASINO • 528 SF
      9724 Kingston Pike Ste, Knoxville, TN 37922-3390
      View Details

    Similar Nearby for Sale

    • $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
    • $99,000
      0.39 Acres

      Residential Lot in River Sound

      Building lot in prestigious lakefront community with many amenities.
      10311 River Trl N, Knoxville, TN 37922
      View Details
    • Contact for pricing

      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
    • $585,000

      Renovated Office Condo For Sale

      Fully renovated office condo in West Knoxville, completed in 2024.
      117 Huxley Rd, Knoxville, TN 37922
      View Details
    • $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

      Knoxville Commercial Property For Sale

      Modern, well-maintained commercial property with high visibility and ample parking.
      120 Suburban Rd, Knoxville, TN 37922
      View Details

    Similar Nearby for Lease

    • $32 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
    • Contact for pricing

      Kingston Pike Office Space Available

      Office space for rent with convenient access to amenities.
      9725 Kingston Pike, Knoxville, TN 37922
      View Details
    • Contact for pricing

      Class A Office Park Setting

      Inspiring office environment in West Knoxville suburbs, walkable to retail.
      2095 Lakeside Centre Way, 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
    • Contact for pricing
      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
    • Contact for pricing
      8,734 SF

      West Knoxville Office Space Available

      Office space for lease in West Knoxville with interstate visibility.
      10201 Parkside Dr, Knoxville, TN 37922
      View Details
    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.
    2060 Lakeside Ctr Way
    Knoxville, TN 37922-6591
    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.
    Sign Up Successful!
    You now have access to more from Realmo!