Technical
Financial
Distress signals
Property profile

229 Emory Rd Powell, TN 37849

OFF-MARKET
Strip malls
Property ID
US80-2868919
50,132 SF 4.48 ac lot Built 1988
Trust Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Total area 50,132 SF
Lot 4.48 ac (195,149 SF)
APN 047PB01902
UPID US80-2868919

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

229 Emory Rd Powell, TN 37849-4016
Powell metro Census 6102 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.24M
Blend (final) Blend
$905k

Owner & transaction history

since 2013
2 recorded transactions
2013
Price N/A
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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