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    2105 Callahan Dr Knoxville, TN 37912
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    2105 Callahan Dr Knoxville, TN 37912

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    • Commercial real estate
    • 3.16 lot acres
    For Lease
    $13 SF/Yr
    View Listing →
    Premier Industrial-Flex Development For Lease For Lease
    $13 SF/Yr
    46,480 SF

    Premier Industrial-Flex Development For Lease

    State-of-the-art industrial-flex space designed for growing businesses.

    2105 Callahan Drive, Knoxville, TN 37912
    View Listing
    Property ID
    US80-1086356
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2105 Callahan Dr

    Lot size
    3.16 lot acres
    Property type
    Commercial real estate
    APN
    067 260

    Description

    This exceptional 3.16-acre commercial land parcel, located at 2105 Callahan Dr, Knoxville, TN 37912 (APN 067 260), presents a unique investment opportunity. Zoned CH-2, this property offers a multitude of development possibilities. The expansive lot provides ample space for a variety of commercial ventures. Potential uses include, but are not limited to, RV storage facilities, nurseries, dog kennels and training centers, retail establishments, or heavy equipment storage yards. The strategic location boasts convenient access from both Callahan Drive and Old Callahan Drive, ensuring high visibility and accessibility for potential businesses. This property is available for both sale at an asking price of $695,000 and lease. Its size and zoning make it an ideal location for entrepreneurs and investors seeking a prime commercial site in a thriving Knoxville market. The property's convenient location and flexible zoning regulations make it a highly attractive proposition for a wide range of commercial endeavors. Serious inquiries are encouraged to explore the full potential of this exceptional land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0186322
    Latitude
    36.0121405

    Comparable in this City

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      Development Land Near I-75

      5+ acre development land near I-75 and amenities.
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      Knoxville Land with Development Potential

      1.159-acre lot with mixed-use zoning near downtown Knoxville.
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      Half-Acre Land on Callahan Dr

      Half-acre land with commercial potential on Callahan Dr.
      6727 Campbell Ln, Knoxville, TN 37912
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    Similar Nearby for Sale

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      Clinton Highway Land Portfolio

      21-acre land portfolio on high-traffic Clinton Highway.
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      Knoxville Land with Utilities

      7.57 acres with utilities available in Knoxville, Tennessee.
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      Development Land Near I-75

      5+ acre development land near I-75 and amenities.
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    • $349,900
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      Knoxville Land with Development Potential

      1.159-acre lot with mixed-use zoning near downtown Knoxville.
      Keck Rd, Knoxville, TN 37912
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    • $3,900,000

      2.55 Acres Commercial Land I-75

      2.55 acres commercial property with high visibility and interstate access.
      305 Callahan Dr, Knoxville, TN 37912
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land with Development Potential

      Land with commercial building, utilities, and development opportunities.
      2535 Old Callahan Dr, Knoxville, TN 37912
      View Details
    • $70,588

      Callahan Road Commercial Land Parcel

      High-visibility commercial land parcel with retail/office use potential.
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      Callahan Drive Commercial Land Available

      High-visibility commercial land for lease in Knoxville.
      1710 Callahan Dr, Knoxville, TN 37912
      View Details
    • Contact for pricing

      Retail/Office Property on Clinton Hwy

      Corner lot property suitable for retail or office use.
      5514 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $13 SF/Yr
      46,480 SF

      Premier Industrial-Flex Development For Lease

      State-of-the-art industrial-flex space designed for growing businesses.
      2105 Callahan Dr, Knoxville, TN 37912
      View Details
    • $9 SF/Yr
      12,000 SF

      Retail Space on Clinton Highway

      Retail space with high visibility and traffic count.
      4313-4315 Clinton Hwy, Knoxville, TN 37912
      View Details
    View Listing
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    Knoxville, TN 37912
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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.

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