Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    221 Frank L Diggs Dr Clinton, TN 37716-6959

    Property Lookup

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

    221 Frank L Diggs Dr Clinton, TN 37716-6959

    View on Map
    • Manufacturing properties
    • 279,459 SF
    • 42.49 lot acres
    Off-Market
    Property ID
    US80-1093566
    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
    $26,695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Aisin Clinton Health and Wellness Center / Medical Clinic
    • Gem Care, Inc / Employment Agency
    • Aisin Automotive Casting Tennessee, Inc. / Factory

    Property Details for 221 Frank L Diggs Dr

    Year built
    2004
    Construction
    FRAME
    Lot size
    42.49 lot acres
    Property size
    279,459 SF
    Property type
    Manufacturing properties
    APN
    001043 15003
    APU
    104315003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $31,260,000
      6.5%
      $28,855,000
      7%
      $26,795,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $29,946,000
      Market price range: $16.4M - $29.9M
      AI Estimate
      $21,281,000
      Market price range: $1.39M - $23.7M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $23,795,000
      Current use
      RETAIL STORES
      $25,105,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.0811
    Latitude
    36.1564
    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
    0
    $0.00
    $339,920
    $6,084,440
    $6,424,360
    -
    $849,800
    $15,211,100
    $16,060,900

    Comparable in this City

    • Value Estimation
      $28,110,000
      285,591 SF

      278 Frank L Diggs Dr

      MANUFACTURING (LIGHT) • 285,591 SF
      278 Frank L Diggs Dr, Clinton, TN 37716-6958
      View Details
    • Value Estimation
      $11,915,000
      167,002 SF

      1330 Carden Farm Dr

      MANUFACTURING (LIGHT) • 167,002 SF
      1330 Carden Farm Dr, Clinton, TN 37716-4130
      View Details
    • Value Estimation by Request
      1,650 SF

      229 Hwy Dr

      MANUFACTURING (LIGHT) • 1,650 SF
      229 Hwy Dr, Clinton, TN 37716-4427
      View Details
    • Value Estimation
      $19,235,000
      195,446 SF

      1000 Jd Yarnell Industrial Pkwy

      MANUFACTURING (LIGHT) • 195,446 SF
      1000 Jd Yarnell Industrial Pkwy, Clinton, TN 37716-4035
      View Details
    • Value Estimation
      $22,345,000
      215,557 SF

      520 Jd Yarnell Industrial Pkwy

      MANUFACTURING (LIGHT) • 215,557 SF
      520 Jd Yarnell Industrial Pkwy, Clinton, TN 37716-4016
      View Details
    • Value Estimation by Request
      4,200 SF

      158 Frank L Diggs Dr

      MANUFACTURING (LIGHT) • 4,200 SF
      158 Frank L Diggs Dr, Clinton, TN 37716-6952
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      165,385 SF

      Industrial Building Available January 2025

      165,385 SF industrial building in Clinton, Tennessee. Sale or Lease.
      370 Jd Yarnell Industrial Pkwy, Clinton, TN 37716
      View Details
    • Contact for pricing

      Industrial Property with Credit Tenant

      NNN leased industrial investment property with investment-grade tenant.
      190 Jd Yarnell Industrial Pkwy, Clinton, TN 37716
      View Details
    • $699,000
      551 SF

      Restaurant/Retail Opportunity on Highway 61

      Two buildings with road frontage, suitable for restaurant/retail use.
      139 Little Senator Cir, Clinton, TN 37716
      View Details
    • Contact for pricing
      13,650 SF

      Retail Property with Parking Spaces

      Retail property featuring 98 parking spaces in high-traffic area.
      237 S Main St, Clinton, TN 37716
      View Details
    • $499,900
      48.00 Acres

      48 Acre Wooded Clinton Parcel

      Rare 48 acre wooded parcel within Clinton city limits.
      S Charles Seivers Blvd, Clinton, TN 37716
      View Details
    • $599,900
      5.14 Acres

      Highway 61 Development Opportunity

      5.14-acre property on Highway 61 in Clinton, Tennessee.
      Sinking Springs Rd, Clinton, TN 37716
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr

      Move-in Ready Medical Office Spaces

      Two medical office spaces available for lease.
      151-159 Frank L Diggs Rd, Clinton, TN 37716
      View Details
    • $15 SF/Yr
      900 SF

      Retail Space in Centre Plaza

      Grocery-anchored retail space for lease in Clinton, Tennessee.
      1115 N Charles G Seivers Blvd, Clinton, TN 37716
      View Details
    • Contact for pricing

      Commercial Land Near I-75

      Commercial land with high traffic count and I-75 access.
      2141 N Charles G Seivers Blvd, Clinton, TN 37716
      View Details
    • $24 SF/Yr
      8,558 SF

      Clinton Office Space For Rent

      Spacious office property in a desirable Clinton location.
      1107 N Charles G Seivers Blvd, Clinton, TN 37716
      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.
    221 Frank L Diggs Dr
    Clinton, TN 37716-6959
    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!