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    229 Emory Rd Powell, TN 37849-4016

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    229 Emory Rd Powell, TN 37849-4016

    View on Map
    • Strip malls
    • 50,132 SF
    • 4.48 lot acres
    Off-Market
    Property ID
    US80-2868919
    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
    $3,245,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marine specialist / (Bike/Boat/Book/etc) Store

    Property Details for 229 Emory Rd

    Year built
    1988
    Lot size
    4.48 lot acres
    Property size
    50,132 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    047PB01902
    APU
    047PB01902

    Description

    This exceptional 1-acre retail outparcel at 229 E Emory Rd, Powell, TN 37849 presents a unique opportunity for a single-tenant restaurant, drive-thru, or QSR establishment. Located in a high-growth area with excellent visibility and accessibility, this property boasts a prime location with a traffic signal and significant traffic counts. East Emory Road and I-75 see approximately 65,000 vehicles daily, while East Emory and Emory Road itself experiences approximately 25,000 vehicles daily. The surrounding demographics are strong, with a 3-mile radius boasting a population of 30,097 and an average household income of $91,282. This expands to 94,873 residents and $75,658 average household income within a 5-mile radius, and 351,427 residents and $78,131 average household income within a 10-mile radius. The property offers a ground lease option at $85,000 annually, NNN, or a build-to-suit option with pricing available upon request. This free-standing opportunity is ideal for businesses seeking high visibility and strong consumer demographics in a thriving retail market. Don't miss this chance to establish your business in a prime Powell, Tennessee location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,242,000
      Market price range: $3.03M - $15.1M
      AI Estimate
      $3,242,000
      Market price range: $3.03M - $15.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0058
    Latitude
    36.0463
    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
    $17,910
    $0.00
    $0.00
    $1,152,480
    -
    $1,335,300
    $1,545,900
    $2,881,200

    Comparable in this City

    • Value Estimation
      $3,875,000
      21,100 SF

      7603 Blueberry Rd

      SHOPPING CENTER, STRIP CENTER • 21,100 SF
      7603 Blueberry Rd, Powell, TN 37849-3402
      View Details
    • Value Estimation
      $2,940,000
      17,229 SF

      603 Emory Rd

      SHOPPING CENTER, STRIP CENTER • 17,229 SF
      603 Emory Rd, Powell, TN 37849-3567
      View Details
    • Value Estimation
      $805,000
      12,000 SF

      7229 Clinton Hwy

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      7229 Clinton Hwy, Powell, TN 37849-5204
      View Details
    • Value Estimation by Request
      3,810 SF

      1744 Emory Rd

      SHOPPING CENTER, STRIP CENTER • 3,810 SF
      1744 Emory Rd, Powell, TN 37849-5345
      View Details
    • Value Estimation
      $4,165,000
      56,877 SF

      7603 Clinton Hwy

      SHOPPING CENTER, STRIP CENTER • 56,877 SF
      7603 Clinton Hwy, Powell, TN 37849-4204
      View Details
    • Value Estimation by Request
      6,000 SF

      7215 Clinton Hwy Ste A

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      7215 Clinton Hwy Ste A, Powell, TN 37849-5220
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,873 SF

      Turn-Key Restaurant For Sale

      Restaurant with high traffic and visibility, ready to operate.
      7535 Conner Rd, Powell, TN 37849
      View Details
    • $1,500,000

      Powell Land Near Emory Road

      1.4 acres with high visibility near Emory Rd and I-75.
      7544 Conner Rd, Powell, TN 37849
      View Details
    • $1,500,000

      Powell Commercial Land Near I-75

      1.4 acres of commercial land with excellent visibility and access.
      7544 Conner Rd, Powell, TN 37849
      View Details
    • Contact for pricing
      1,909 SF

      Restaurant Opportunity on Emory Road

      Former restaurant in growing area with high traffic counts.
      405 E Emory Rd, Powell, TN 37849
      View Details
    • New
      $78,000
      2.85 Acres

      Residential Land in Gated Community

      2.85-acre homesite in a sought-after gated community.
      4508 Highland Woods Way, Powell, TN 37849
      View Details
    • New
      $219,900
      Pending

      Unrestricted Land in Powell, TN

      12+ acres in Powell, TN, ideal for various opportunities.
      Lewis Rd, Powell, TN 37849
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Traffic Retail Space in Powell

      Retail opportunity in Powell, TN with excellent visibility and accessibility.
      3501 West Emory Rd, Powell, TN 37849
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Powell, Tennessee.
      405 E Emory Rd, Powell, TN 37849
      View Details
    • Contact for pricing
      3,532 SF

      Retail Building with Drive-Thru

      3532 SF building with drive-thru on 1.4 acres.
      305 E Emory Rd, Powell, TN 37849
      View Details
    • Contact for pricing

      Land Adjacent to Tennova North

      4.4 acres of commercial land for rent.
      7700 Conner Rd, Powell, TN 37849
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Ground lease or build-to-suit opportunity in high-growth area.
      241 E Emory Rd, Powell, TN 37849
      View Details
    • $1.00 SF/Yr

      Commercial Land Near I-75

      Land available for lease near I-75 and area retailers.
      7525 Central Avenue Pike, Powell, TN 37849
      View Details
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    Powell, TN 37849-4016
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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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